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Yep fat better position now than before it was suspended gla
I had to contact my broker to get trading restarted on the website, but topped up at 26.75. Very undervalued with the progress while suspended.
I’ve taken a decent holding in here , been on sidelines far too long
GLA LTH re-rate due
Oil is $10 more than when this was suspended.
Looks cheap to me.
25P DONT FORGET OIL IS UP GAS PLANT more progress atb
Wonder if they pulled the sale due to the rise in oil? Anyway, here we go 10 minutes.
GLA
Monday 29th April.
It does seem that after all the Montara trials JSE are at an inflection point. Happening whilst the share is suspended might give us a chance to top up whilst others are unaware of the transformation going on.
Kalan,
you can be sure that JSE is in a far better position since we suspended, oil has increased by over $10 per barrel since then,
with JSE producing around 20,000 Bpd that's a lot of cash generation, add on the premium prices from some of our assets, and we will be paying of our debts faster than expected.
Paul said we will be cash positive in early 2025, i reckon we will be cash positive in 2024.
The deal being looked at could delay that though if we go for it, however it may be just too big to pass on
just think in a couple of months we could be producing around 50,000 Bpd and in a high oil price environment, what that will do for the share value is anyone's guess. certainly, won't be 23p.
I wonder if Anvio have been approached again???? will they have the appetite? greed is a funny thing and I'm sure Anvio management will be looking at the options available?
Keep posting Roxi - feeling positive on the restart - no idea when it will be obviously but each month with elevated oil price has to help the cash position. Each month moves Akatara onwards towards more cash generation. It would be nice to top up now but it is what it is. I have no real opinion either way on the reverse takeover. The company is focussed on growth, as a share holder I'm focussed on cash flow firstly and then increasing profit which leads to higher share price. The size of the company doesn't bother me so much although it does provide resilience.
We have now arrived at ISA day, have set my limit buy ready for the re-launch once out of suspension.
looking forward to the next AKATARA update, next week? then results at end of month. plenty to look forward to
WOW $91 Iran, fears they are going to retaliate
Is here, thought it would touch the $90 this week, see how long it stays there,
JSE should report some good numbers on the results update
Committing to keeping cuts in place, great news for JSE and other oil Companies, keeping the price steered towards $90 oil price.
ive posted strong buy, however no one can buy while we are locke out, a significant re-rate will be on the cards when announcement comes, Imo
The next update is on the 25th Apr F/YR results dont know what your worried about we all know the situation regardinng the deal
Were very happy to wait for how long it takes, ?? summer 2024 if need be, i am happy to wait for any update , will be best for shareholders if we get AKATARA up and flowing before we open up, should put a rocket under the Sp,
my message to Paul
"Take as long as you like", my shares are already in place!!!
Need to hear some hard data from Blakeley, shareholders should not have to wait 9 weeks at such a crucial point in the company's operations. Coming over in March, avoiding a Q&A, doing a soft soap interview with Malcy isn't good enough.
Approaching??, if it stays around the current price for a duration of several months, JSE could be turning over $600-$700 Million this year, the forecast charts of the Company may have to be re-drawn
looking forward to the next update on AKATARA, must be getting close to first gas flows.
With the tensions rising in mid east , its no wonder the oil price is pushing towards $90
JSE in great position at the moment, we could do with the extra cash in this Q2 period
Israel has just bombed the Iran Embassy is Syria killing senior members in the building, Iran has threatened revenge,hence the oil rise again.
We started the decline in the Sp back in early January when the oil price was around $78, the Sp went all the way down to where we found ourselves at Suspension, since then we have had quite a rally on Oil price to the current price near to $88,
JSE will be accumulating a very large amount of cash, which will pay down debt very quickly, The Sp will probably bounce by at least by 10p over a very short time , imo if we continue to see the oil price stay around $85,+ however most of the Analysts ive been looking at ,see a strong run into the summer months , Opec have been cutting back and they too want to see $90 oil,
The High Oil price might just be the turning point for the BOD to make a bold bid for the 28.000 Bpd reverse takeover , how they finance it though is beyond my pay grade, Large RBL ay be the way, if supported by the banks??or possibly some kind of Bond?,
with the good oil prices we are currently witnessing, a bold bid might just see JSE emerge a very strong Mid Cap player,
50.000 Bpd Company with huge earnings capability, ????
Knocking $88