Still Undervalued - RJX.A
One of my favorite plays RJK Explorations has been under pressure for the past several weeks and is now trading in the $0.07-$0.09 range. RJK has recently announced that it has mobilized its drill rig on their Dorion Property and have identified several targets of interest. I suspect that as the drill results will start to come in later this year and RJK won't be trading at these levels for much longer. RJK has also stated in their last NR that it is evaluating possible new properties that they are evaluating at the moment. Now is a great time to accumulate a position in RJK while prices are cheap. RJK is one of my biggest positions in my portfolio and believe it to have one of the biggest upside potential from these levels. I still rate RJK Explorations a STRONG BUY and have added another 50K shares today and will continue to add to my position in any weakness. As always do your own DD and make sure that RJK is right for you.