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$86 ATM, my dyslexia is getting worse
Has been on a decent run since we got suspended on the 13th of Feb, it has risen $5 in price and shows no sign of slowing over the near term, i no we have a could amount hedged , but since then we have increased the production stream from our other assets, so we must be generating significant cash at the moment, if it stays around the current price, we could see a nice uplift in the Sp once suspension is lifted
Hoping we get the February update released on AKATARA this week
It is expected that admission will become effective, and that dealings will commence, at 8.00 a.m. GMT on 21 March 2024.
Its the "dealing will commence" bit...
I just read the rns could be that the specific shares allocated to PB will be admitted on the 21st
Sounds good to me plenty to be going on with
It says shares to enter trading on the 21st March. Maybe the deal is not on and we will be back sooner than we think??
Paul seems keen on gas according to what i read into the video he made with Malcy.Guess he could just bid for Macedon gas fields,lets wait and see
Over $85 atm JSE must be coining it, price of oil i would think is because Russian refineries are taking a hit
Agreed Roxi unless they get Woodside dirt cheap which is unlikely it dosnt make much sense now they are turning this ship round and can use the cash they are making to use on the projects that they now have on going ie drilling etc
I think we can read into it , that yes were interested but it has to be at the right price?, we wont go into a huge debt to fund this acquisition, we have plenty of other options to get faster paybacks,
I really dont think they can afford buy this asset without getting into serious debt they have enough on their plate anyway imo its too much of a risk.I got the impression from the interview and body language that Paul didnt seem too enthusiastic either,maybe its just me.
Thanks Sea7, that was actually a helpful interview. Pretty clear to me that the Woodside potential transaction is 50/50 at best - my read is more like 25/75 probability given the understandable comments around not wanting to issue chunks of new equity at the current share price. There are certain ways they can work round that at a higher price as has been previously discussed on this board but it all smells like a stretch and I gained the impression that PB was positioning the message more in the direction of "it could happen but Id rather get on with Vietnam once Akatara is up and producing"
Good update, Paul seems much more relaxed and confident on JSE future come post AKATARA
Thanks SEA7
Https://www.youtube.com/watch?v=O6zF0IrpsGw
Posted an hour ago
The Malcy Blog, and thanks for the update from Poacher, interesting that were so close to being a large gas producer in Indonesia.,
im quite happy and content with the suspension at the moment, its not as if i was going to sell any time soon anyhow, im only disappointed i cant buy any more at the minute, though the longer the suspension goes on it takes us closer to April New ISA year, so lifting of suspension after April will be just fine, that should see Gas flowing in May, imo
I think what the guys meant was : "Shares could be suspended for 6 months whilst deal data gathering etc... occurs" if they were to walk away - shares would be re-instated at next available moment.
Blakeley came all the way here for a presentation of little note, no Q&A and an interview with Malcy, who is not exactly Andrew Neil. Hope Business Class and a night out in Stringfellows made the trip worthwhile, with shareholders picking up the tab.
Thanks P
Percentage finish at Akatara is determined by the percentage of large components
delivered to the site. Obviously with dignitaries having full diaries a date will be arranged for the switch on but in reality gas will be running before then. There is now 2000 people working on the site.
Paul said in over 40 deals that he has been involved in there has never been a leak.
Also it was not from Jadestone's side as it provided them with new information. Once the leak happened they had no alternative under the stock market rules and were forced to suspend dealings immediately. Paul said the deal is only in the very very early stages and as pogue says it could be suspended for a long time even if Jadestone decide to pull out. He also said do not believe what the papers say.
Paul also made the comment that they are roughly producing twice as much as two years
ago but the share price is a quarter of the price. Sometime reality will set in.
In getting this information I got virtually the last bottle of beer and the locusts
{press} had eaten all the food.
Today Paul is doing an interview with Malcy's
Miss quote .Pogue said the shares could be suspended for a long time !!!Best ignored
Maybe old news but according to Poacher on ADVFN Malcy will be doing an interview today.Poacher also stated Paul had said that even if the deal falls through the shares could be suspended a long time.Cant see why?
I think we have our wires crossed i agree PB
Common sense is that any material events in the business will have to be RNS'ed.
I was thinking in a common sense way PB