Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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JKX stake at 10% in UNB , can not find data of UNB of turnover is this a public held company or government , looking at there web page they are huge.
There's more to JKX then just the gas and oil and debt paid off early this year , change my mind holding this till 50p then sell my stake and leaving left over free shares.
Tactic done several times.
Greg, because this is the JKX board, not ENW.
Qalbass, re your second comment - some posts on twitter suggesting he is doing just that.. Very interesting trading going on ATM.. And yes JKX -- 1 mm left at 26p.
Nickel I really don't see why you are so obsessed with "not" mentioning ENW, the two stocks are inextricably linked and most people will be invested in both, so don't mind the cross discussion....
Nice close to the week here and hardly any stock available.
One MM already on 30 as well for the first time in a very long time!!!
Qal - don't you start 'cross ramping' ENW on here as well lol. No need for it!
ENW does have the bigger cash position but it's not building cash so quickly. JKX increased cash by over $5m including value of inventory where as ENW only increased by a piddly amount. Don't forget that JKX have double the production of ENW, double the 2p reserves and a stake in UNB which is probably worth more than JKXs market cap. JKX also have a diversified shareholder structure. ENW is good but JKX is better.
#enw and #jkx both good. #enw has a much better cash position and likely to grow fast through acquisition. Baron has publicly talked about #jkx, but I bet he is building up quietly in #enw
Thordon - I did some research last night and can see that in the past these IG wells have found quite a decent chunk of oil. If there's a repeat this time around then JKXs oil output will clearly go flying over 1,000bopd which would be quite significant as cashflow would grow even quicker - oil is more profitable than gas as i'm sure you already know! it's another reason why I prefer JKX to the other as they have more oil. It's just a matter of time before this is back in the 30s, gas prices are flying again today.
Thordon - yeah if memory serves me right they normally turn them around much quicker than ENW because they are drilling at much shallower depths. ENW drill a well and it takes 6 months, JKX do it in a month.
there you go again, cross ramping ENW. Pathetic.
I would be more focused on being handed the $12m that JKX have won in the courts.
Nickel thanks , my understanding that they used a pressure test which Helped the figures before plugging in . With the increase gas prices we should see a similar amount for next quarter unless the new well is commissioned.
Think i read that we are expecting drill results for November ????
Really pleased investing in JKX has long longs and better performer then ENW which have invested in as well
Greg - try and just try talking up JKX on here. I know it's a mission for you but I reckon you have it in you :)
Greg - ENW will move up, I have no doubt about it. You don't need to keep cross ramping on here though!!!
Thordon - free cash flow a great measure also. Did $5m cash growth last quarter when gas prices were a lot lower. December, January and February gas prices are already higher so expect interest to build here.
Looking at the value and seems a upgrade is required on Net profit and P/E
Market Capitalisation £42m
PE Ratio 2.432
Earnings 10.075
In Other words cheap as chips in other words