Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Fantastic presentation by Andrew Benitz
Around 6 minutes 20 seconds in he states
Break even @$30 Dollars per/barrel, Projected net cash flow over 3 Billion, Base case value @ £42 per/share.
'WOW'
No wonder he mentions undervalued
Grab yourself a coffee and have a listen it's just over 20 minutes long
JOG’s GBA project (based on the Buchan oil field, J2, Glenn and Verbier oil discoveries and a number of additional exploration prospects), awarded in 2019, have transformed the company’s asset position.
They put JOG in charge of gross 134mmbbl of 2C resources, which the company plans to use as the base for a new hubdevelopment in the area (which could facilitate tie-back development of any further discoveries JOG may make, and third-party fields).
Progression of this project, with first oil expected in 2025, would make JOG an increasingly significant UK E&P company,likely to draw increasing amounts of investor attention.Going forward, we look for ongoing updates on GBA core development planning progress, including updates on the joint area study. Beyond this, there is the GBA concept selection expected in Q3 2020, the partial sales process (on the main GBA development, but also potentially including the surrounding exploration assets)currently likely in Q1 2021 (market conditions dependent),followed by a formal development plan submission as early as mid-2021.
There is also the ongoing potential for new production acquisitions, opportunities for which may be presented by the fall in oil prices. This provides plenty of potential newsflow in the coming months, and beyond this a route towards first oil.
In our view, the market is yet to appreciate JOG’s current asset position, but progression towards concept selection and a successful partial sell down process could act as important events in demonstrating the materiality and significance of this.
We have a Buy recommendation and 600p target
It's a long journey this one but a journey i am happy to be part of.
Another 100pc jigsaw completed this morning with equinor next step the concept select stage to be sorted out.
Long term hold this one for sure but an investment i am sure will reward us all one day.
I can see this moving up now around the £1.10 level over the next few days
Looks like some Consolidation at this level now and should move up from here?
According to Zak mir if we hold above 50p he sees this short term around the £1.10 level.
I took a cluster at 72p last week sold a holding i broke even on after 2yrs of being down on my holding.
I look at investing differently in these uncertain times we are living in by keeping my cash but Tweaking my other holdings i have by increasing my holding in JOG but at the same time reducing my average.
I have joined the 10% profit brigade and it's working for me at the moment.
Time is the essence here and i will hold for the long term but will for the 1st time take profits on my bundles of top ups
Good luck all & 'STAY SAFE'