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There were some large buys today so I would hazard a guess that news will soon be coming!!
Unfortunately, patience is the key here as it is with a few other oil producers such as AXL, JSE and TXP amongst others.
Dick U has given great guidance here and like him I believe we will be taken out. The question is, will it be sooner or later?
MRSI,
I'd like to agree with you but the MMs are having trouble, as at present not too many holders are selling.
I like to think there are now fewer sellers prepared to take a small profit as there were a few weeks ago.
PC01, just remember that we do not always leave this world in chronological order. When the messenger in the sky says checkmate we have to go! Sadly the treasurer of KCCA has just passed away at the early age of 39.
As you say we must continue to have patience here.
A belated message to say thanks to all who have contributed to this board.
I remain, like Dick and others a long time holder. In particular I have to say I much enjoyed DO's recent post telling us about his 5 high ranking visitors and wonder if they might pay Dick or me a visit. Dick's posts are of course always interesting as well.
In the meantime I'm happy to await the ending of the game, who knows, it might be any figure between £5.00 and £43.00!!
I regard both the UBS change and the option awards as extremely positive movements for JOG and suspect we will now see an upward trend in the SP leading to a further farmout.
I also expect news about the forthcoming farmout before 2024 so not too many months to wait.
JS, please advise when you buy back the shares which you sold this morning as they may not be available! And yet you later posted that only small time investors sell early for a profit. I’ll watch the trades this morning to see what you sold.
I notice 2 or 3 trades of 75,000 today which must have been sells from earlier.
I’m still holding my shedful as I believe the deal will undoubtedly be completed. Just a matter of when!!
At the current price JOG is remarkable value imo.
I believe we are now very close to an announcement.
The 3 x 25,000 trades were probably buys from earlier this morning. Such trades and others are a good enough indicator for me. Don’t forget that trades exceeding normal market size can be published later in the day.
I’m hoping Dick and other long termers will soon be celebrating!