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Https://twitter.com/ByRobDavies/status/1760347935424798868

Not good for 888

The government capping the spin amount to 2 quid

Gonna hurt the income statement

I dont think the company care about the holding company thought that for a while

I suspect they make there money from the operating company via salaries and other perks

They will never buy back shares living in cuckoo land if you think they are

They usually release them same day

Still no update

Results out 14th but only on bse

It looks a decent company as long as they can find more work, get other projects outside of HS2

Gearing rate of 75% is still high though and I dont like the fact they raised capital either

According to the financing presentation from july 2023 at current oil levels the company should have net cash of 175 Million dollars by the end of 2025

I do wonder if that is still the same but it just shows how stupid the current market cap is

The debt and lease liabilites are scary if there is a massive downturn, £21 million in total, if companies dont pay on time, it could be a disaster.

Https://www.upstreamonline.com/exclusive/fpso-tender-looming-for-revived-asian-gas-project/2-1-1592477

Brent heading towards $90

Akatara is a massive step forward

My average is around the 30p mark cant imagine holding at 80P+ range

My valuation of the company is still way above these current levels, he company cant seem to get away from the mess ups from the past 2 year, only a change of management can do that imo

No but hes the cfo as well if im not mistaken which i dont understand

Surprised it hasnt

Surprised no announcement on lse

the structure is weird its as if there not inclined to report on lse

Looks like Ajit Pratap Singh has left ronald

https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3c6c56e-075a-4c6a-8dd8-c54887cc2c35.pdf

something funny going on

I've been wondering what average share price tyrus capital has shares at?

Hurricane Energy sold out at 12p a share with a value of 250 Million and they were producing 7,700 bopd while jadestone is producing on average 20,000-23,000 boe/d

https://www.proactiveinvestors.co.uk/companies/news/1009986/hurricane-energy-says-prax-takeover-was-best-of-five-offers-1009986.html

I think 60p a share is fair value for Jadestone Energy, my only problem is I dont think an acquiring company would pay for montara or stag

Is there a case to sell the company?

They have failed shareholders

The market cap doesn't reflect the true value of the company

Oil still at mid to high $70s

If not the sale of the full company what if they sold montara and stag is that feasible?

Montana and stag holding the company back

It reminds me of Enron International when Jeff Skilling realised just how bad things were “We invested $5 billion in equity to earn $90 million?

There is a good chance this is even worse Tungsten West could end up investing £100 Million for £3 Million in Revenue and not even achieve a postive gross margin

An absolute disaster maybe the only play here is if you feel a big miner takes things over

Is there a possiblity the government help fund it by taking a stake? it seems unlikely but i would take that gamble

This company has spent £60 million in equity and they haven't got an ounce of profitable tungsten out of the ground

I cant tell who is at fault here

There needs to be a deregulation of environmental legislation in the uk to make it possible for a miner or a driller to be profitable in the uk

Feel bad for long term shareholders, I was naive thinking this was a sure thing but never ended up investing due to other long term positions

I am no longer naive when it comes to these types of companies, the British government needs to help companies like this, but with labour coming in to power I can't see it happening

Looks investable if your a gambling man and can afford a small postion

you either lose your money or make 300%

Look at the 5 year chart

Rivaldo its the same stuff the company spewed out the past 5 years

Be careful only people who win here is the gupta family