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Thanks Tom!
If the deal goes ahead it imv will take months before it comes back to market,Failing that it will be a short term suspension
I do try, however I thought that last rns said it was going to open today and the talk in the chat thereafter
Dont you read the posts AB
I thought this was supposed to open today?
Due in April, will we still be suspended, ??? hope so,
Hi Poacher, you are quite correct, the Asset. it worth multiples of current Mcap, if it came onto the Market it would probably go for $250-400 Million dollars, imo but we wouldn't be selling one of our best assets which is going to bring in Heaps of cash over the next 10 years, and help build JSE to a $1billion Asset Company,
The point i was making is the Mcap is absolutely ridiculous. can't wait till were trading again.
Have to disagree with your figures ROXI. It cost us 20 million plus the new plant 100million. When we bought it we inherited a 100million loss. Once in production the first 200million of profits come back to Jadestone to cover costs. After that we are left with a fantastic new gas plant generating profits for many years to come. At this moment in my estimation it has got to be worth 300million dollars.
Video now out on You Tube nothing we dont already know,, the longer we stay suspended, the more likely a deal will be done, imo Paul thinks it could be transformational. for JSE, i think once Akatara, is flowing gas it changes the whole finance structure, im happy for JSE to stay suspended until AKATARA gas is flowing, and brining in another4- 6,000BPDOE
or longer if its needed. One thing for sure we wont be in the 20p range when it does re-open, i can see a 100% uplift very quickly.
https://youtu.be/PjlT_MbCTrg
As i said the other day, India has to go Cap in Hand to USA, now, paying Top Dollar!!!!! Brent now over $87.00
Bloomberg reported on Tuesday that the country is buying the most US crude in a year. India's state-owned oil refiners Bharat Petroleum, Indian Oil, and the country's leading private refiner Reliance Industries, have snapped up nearly 7 million barrels of April-loading crude oil so far in March, the largest monthly inflow since last May.
Our oil will be in high demand!!!! and Top Dollar prices being paid, I think the best prices will be in Mid April??
Great to see all the buildings now under cover, all tha main components in place and connected into the processing system.
Export Pipelines now in the ground and tested ready for the switch on,
The Sp is a complete joke at the minute, there in Indonesia we can see the Installation virtually completed, loose ends to tie in, well pads all ready and standing by to start the process of being a major gas producer into the Country,
An Amazing effort by our Contractors to complete this on time and within budget!!!!
Cost JSE around $100 Million and our Sp sat at just over £100 Mcap, THEREFORE PRICING ALL THE OTHER ASSETS
AT A BIG FAT ZERO.!!!!!!!!!
Sp should be over £1, its completely bonkers and out of touch. cant wait till we open up trading, ill be sinking a HUGE WEDGE in here, will have to be quick on the opening day, Imo, let's hope its in mid-APRIL and i can take advantage of the full ISA amount!!!!!!.
Next video will be exciting, looks like May for switching on the GAS!!!!!, imo
It's coming together but looks a good 4 to 6 months off IMO. Lets hope the weather keeps fine and they manage to crack on with it and get it online ASAP and to budget. Onwards and upwards.
Shame about the sp we would have been at imo over 30p by now
Thanks SEA7 looks impressive
Just ticked up again to over $87 so we must be getting in excess of $90 surely
Hi Charlie - JSE aside, do you have any Petrofac Stock and if so what are your thoughts ??? A potential Phoenix or a complete basket case ???
As quoted from the late Charlie Munger
"The Big money is not in the buying or selling, but the waiting"
and one for Charlie
I'm right, and you're smart, and sooner or later you'll see I'm right.
Have a good day everyone ...... Brent still over $86 !!!!!!
Good for you Charlie but it seems pointless keep knocking and sniping JSE when all the other assets are coming up to speed.GL
Tom, I have a number of oil stocks and with the exception of JSE, am bullish.
By the way Charlie,what say you!!!
Other good news for oil is that production figures in China were up today and the chinese index is the highest for 4 months plus Wall Street is at its near all time high,it seems all good news for oil demand imo
Keep an eye out for more fractures in the oil facilities Roxi this is having big implications for oil atm Russian is having to ban the export of diesel and other oil produces to keep the home fires burning.There will be a big shortage of those produces in Russia soon its all about draining the war effort of oil
I wondered what was causing it to rise, besides the red sea problems , USA are churning out record amounts of production, Biden doesnt want oil prices to rise too high, will impact his inflation figures,
If its Russia thats suffering from oil production, India will be looking to get its oil from Mid east again, but will have to pay top dollar this time!!
With Russians oil facilities being knocked out on a daily basis (15 atm) with only 30 left to hit,oil will be hitting $90 soon.After that if it happens, i wouldnt want to see it much higher for obvious reasons.You can get an update on what Ukraine are doing regarding Russian oil facilities on "UKRAINE MAP NEWS UPDATE TV"