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Those that are patient here will do very, very well. Last time net cash was this high (and they had debt then) the stock was in the 50 and 60s. With NO debt now, cash will accumulate much quicker on the balance sheet. The mid 40s should the absolute first price target.
Those that are patient here will do very, very well. Last time net cash was this high (and they had debt then) the stock was in the 50 and 60s. With debt now, cash will accumulate much quicker on the balance sheet. The mid 40s should the absolute first price target.
Anything above 25k shares i get offered a nice premium price ha, very kind of IG.
the market makers are trying to contain this by not allowing you to buy. Would require a limit order to get some stock but that's only7,500 shares lol
Its certainly a sector to be involved in. In the next week I'll be buying any dips. So any ramping please wait until at least Wednesday;-)
At these higher gas prices JKX throws off cash and current market cap does look very silly compared to that cash flow yield. It's not surprising to see people buying weakness here.
A major shaking of the tree , has to be a big buyer for MMs to bounce the share price back
usually 5 to 6 weeks on drilling and JKX are very good on turnaround , as for the return of $12.1 Million this will be dealt with soon and maybe a deal with authorities.
Hi Bangrak, over $5m cash was generated last quarter (if you factor in the value of gas to be sold) and the biggie is that was when gas prices were around 50% lower. Drills here are at shallow depths and only cost a couple of million at tops. So at these gas price JKX can amass closer to $30m each year . That's one enormous free cash return and that's one of the attractions. On top of that they have shown before that their IG fields can make wells greater than 1,000boepd. Another one of those could be announced shortly as drilling was commencing in October and they're normally pretty quick turnarounds.
Surely people investing here must know that there are other o/s court cases and that the $4m cash generated was due to them stopping all expenditure inc drilling? Why get over-excited about gas when Rhodium is ripping and in short supply?
this was the court case that JKX initiated. They came out on top and are now owed $12.1m.
This was just one case , thought JKX had a few more to contest in court
Maybe wrong anyone know
Yeah agreed when JKX collect a third of its MCAP i would expect the share price to react accordingly. Hopefully not too a contested or bumpy path.
Jack1988 - last quarterly update. When that $12m is received, the share price will go bonkers.
2seabass - gas prices have doubled for JKX off the lows now.
What's the source for that Nickel?
Together with rising gas prices (50%) all is looking rather good.
"The international arbitration award, directing the State of Ukraine to pay $11.8m plus interest and $0.3m costs to JKX as described in the 2019 Annual Report, has now been successfully legally recognised in Ukraine and JKX has filed for collection"