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No news till next week then!!
Opening back up attract investment into its oil and gas developments,
New Zealand awards first new oil and gas block in years
Will JSE ever go back there????, Paul did say , never say never
Just looked at the long term chart and we are 1p off the all time low so all being well we should move up from here
Hope so last year wasnt pretty
Tom. Paul has put us in "STEALTH MODE" 2024 going to be a great year for JSE , imo
we should find out more next week
At least we will get to know whats going on next Tuesday,news in short supply these days
Happy to sit around and wait. The longer this goes on, the more chance that Jadestone progresses Akatara and decisions around Vietnam. Less opportunity for the market to manipulate us down.
really frustrating this was pulled down so much ahead of being suspended, more ground to make back up but oh well! Lots go good news on the horizon.
Not expecting any update on AKATARA , it normally 3rd week into the following month, although with Paul doing an investor update on the 12th , they may release it end of week, alongside any other news, so lets see what Friday/Monday brings??
The reverse takeover deal, which is in discussion, may take a little while longer, no rush, if you're in your in.
Tell me about it! It’s been closed for a while now. Hopeful that when it opens the sp will be rising high
The gas project must be close to completion they usually to updates on early week so hopefully one tomorrow or its going to be next week
The auction is taking a long time ,surely they are near the end of the bidding,lets clear the air
Breaking into the $84 price range, early march liftings being carried out, the extra cash helps to cover the ongoing costs at Montara, Stag operations, over 20,000 Bpd !!!!
He cannot update at the shares event without first informing the market. Which suggests an RNS or 2 before this event. Let’s hope!
On the flip side oil is at a 4 month high up 3%
I feel the same i think we are jumping the gun here, im sure the other bidders are in a stronger position than us,they will rns us soon enough when the bids are done.Just hope they dont bid over the top thats all
It will have no impact on your share count or anything like that. They have to suspend as the assets they are taking over are larger in value than the current Mcap under RTO rules. Your shares are still your shares just at whatever value they are worth when the shares are no longer suspended. There won't be any shares in other companies or more shares in your account or anything like that. The market cap will change either through debt or dilution but your personal share count won't.
I went through a similar thing with Rockrose several years ago. They suspended and took over a larger company. Everyone had the same share count when suspension was over but the company was worth a lot more. Suspended at about 815p and opened up several months later at 1,800p.
What we ideally want is to be preferred bidder and hopefully get a bit of a bargain. I think it'll be funded with debt if we do and the market cap rise or fall will be determined on the debt level or other conditions. Personally I don't hold much hope that we are the preferred bidder.
Your shares will stay where they are, in your ISA. There's no need to worry on that front.
AKATARA , now entering the final stages of tie ins etc, i think Paul may present the next Update at the London shares event,
hoping he may have some news on the transformational deal also,
Meanwhile Brent remains above $80, and all is well!!!!!
Have a great weekend JSE shareholders
Sorry cant comment, not got the details at hand on reverse takeover
Hi All, as a novice in the world of share qwnership could someone confirm what would happen to our current Jadestone Shares should this deal go through. I am conscious that mine are sat in an ISA account and I obviously don't want to lose that years share allocation as part of this process. Any advice greatly appreciated.
Next month we have update on FID followed in April by F/Y figures and anything in between would be good.Meanwhile oil is nice and firm and we will surely benefit from that GLA
This desperate attempt by financial players to keep their underwater positions from getting stopped out and sparking a cascade of margin calls has also translated into a ravenous shorting of energy stocks which as we pointed out a week ago, are the most shorted sector in Goldman's prime brokerage.
This, in turn, has translated into some of the marquee energy names such as Exxon seeing the highest short interest on record...
... even though the lifeblood of refiners such as the 3-2-1 Crack Spread is now surging higher.
Which begs the question: how much tighter will physical oil have to get before it finally breaks the financial oil shorts?
Could lead to a spike in oil price before USA elections??
Now $84 on the Trading Economics Site,
LOVELY!!!!!!!
Thats the F/Y figures
April the 25th last year i dont know where you get your info from Roxi