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Notmyjob do you even read most recent company report which was quarterly on 15th April? don't rely on twitter info that someone spreads. Cant you even read 3 messages below yours? There is a value here but lets get the facts right - they do not have $21M in cash!
ok my friend if you are invested all the best to you.
my friend you are now talking nonsense. you are right that some clueless people are ramping it on twitter but you are now deramping it with nonsense. it was 31p pre Covid in Jan and then it fell aligned will drastic fall of the gas price. currently gas prices lowest in last 10 years and there are already signs of recovery for European gas prices in months ahead. Also, inspite of issues around few wells they have grown their production from 2018 by 2000bbl/day and increased cash flow not to mention International arbitration award of I think $12M that's not been collected yet and therefore not reflected in the sp. So pic not as rosy as some represent but the value and potential is clearly there from this 20p value
Been following JKX for ages without investing as I didn't like the silly debt they had. After they got rid of it for it was a sign of a ell run and balanced company so having missed Covid drop (invested elsewhere) I bought in yesterday in few tranches so have 100,000 shares at 17p average. I see lots of people are pushing for JKX on twitter and some really good points to support the investment case but ppl get so silly and don't read. Everyone on twitter keeps claiming they have $20.7 Mil in cash which was from Final results in March but they completely missed Quarterly update just two weeks later in which $14.7 mil in cash is clearly mentioned. People get carried away without doing the research. JKX obviously spent lots of money from end of last year on drilling rig and sidetracks, acid jobs etc. What they spent full $6M on exactly I am not sure - was it part of last debt repayment? Also oil and gas inventories reduced by half to $2.4 M which many people missed. Anyway I think value and upside is still there despite todays rise and I expect further rise that's why I invested yesterday.
Best to all
the fact is that Forum just spent £420,205 and have spent at least another 40-50k on their existing 10M if they bought them all at recent lows but have maybe spent more.
Sooo..there is obviously value upside they see from here, either in believing in the asset and developing it themselves with ZEN or flipping their part for bigger price to someone else.. assuming Congo approves ZEN deal. Why is sp still below 0.5 is beyond me. This is also in line with Align still fighting for it.
Things Are Not What They Seem
Interesting that Forum already had 2.5 % of AAOG. So they had 10M shares before this. Maybe this is a good sign as they will invest to create shareholder value for their residual 10M and for 80M they got from CLN
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Position of previous notification (if
applicable)
2.52% (not notifiable
well Align will need to find 49.4 to vote No as my 1.6% has been cast for No!
thanks Tiburn. what % of vote ensures one way or another?
So you are saying Align are waiting with their offer depending in how the vote goes? isnt that risky strategy?
fyi drshare1. i and friends have voted No with 6.5 Mil shares so you can add that to the total. i sent copy of my proxy direct to Ms Cope
good one Rodders..what an amazing absolotely not conceited 'rational thought' guru you are..My Goddd!
Get over yourself Man!
get a sense of humour or get a brain transplant. in any case make your point, argue or whatever but drop that overinflated ego of yours!
God please guide this Curious plonker on the straight path. Amen
Thanks Daiive...ooop sorry Rodders :0
I like this
'if we complete the initial capital raise of approx £1 million (and that both Matt Thompson and I are participating in – illustrating our confidence in ourselves and the plan) then I believe that stabilises the company for a good portion of 2020.'
So it is nonsense to say they have got nothing to lose. They said they are investing themselves however much that is it is much more that DS and Berwick ever did which is one huge 0. Align also said that they will be on min salaries and tied to sp performance.
There def are few questions about this deal and not just about the debt but about their contacts in SNPC and Ministry as this IS the real key. But to compare this to Zen is real proof of stupidity.
Zen deal is also full of ifs and buts and complete unkownns that they are asking us to trust them with. This was AMAZINGLY nor problematic for Sarah Cope. Where were her clarification questions to Zen before she recommended it? But she is full of it with this Jub/Align offer. It is she that shines with shear arrogance and pride which unveils her real motives. Shocking really
Amazingly corrupt games being played here. I can only do what I can and I have voted that Zen set up of a vote down.
Good post Curious. You see it can be easily done without offensive words and nasty innuendos.
Of course I completely disagree with you as days ahead will easily prove if they have money..will the newly appointed directora invest..how much will they be paid, plan with SNPC/Ministry. if proposed money terms are there then no question that it is much better offer than Zen just on those terms. so lets see my Yorkshire friend..was it owt for nowt
Curious just look at yourself for a change. Tiptop and irish might be all you say But you my little pathetic friend are a perfect example of zero awareness of your own hypocritical behaviour. Where is all that talk about Align and their non existent non offer as they dont know what they are talking about? Where is the response from you on the events from last 2 days? Absolute hypocritical silence. Are you going to admit your own deceiving behaviour? I mean lets judge you by the same standard. But of course not..there's gonna be some silly cowardly imbecilic excuse from you. Isnt that right you pathetic hypocritical Mr. imbecile?
TipTop we have all lost here. We are responsible for our own actions so shouldnt blame any posters here unless they were intentionally deceiving us while knowing inside info. This we do not know about you and so I can only trust your word as you seem genuinely surprised and angry at their actions.
I think that you have made a mistake of not posting here for last couple of weeks and days until today. Your post below does not explain or provide clear justification for that and you should apologise for just disappearing and now coming back on better newsday. Although your post sounds genuine and honorae the aspect of dissapearing after bad news leaves a bad taste and you should be braver than that.
Angie, Oh Angie
When will those dark clouds all disappear
Angie, Oh Angie
Where will it lead us from here...:))
I think we know a bit about McDonald but can anyone shine more light on Thompson and his background.
One of the confidence building measure of this would be if they invest into AAOG through this offer, which DS and Berwick never did
Where is he? unfair from him to stay away when things went down - we are all losing and we all made mistakes here. Hope he is in good health
BUt where is COngo COdy today :) waiting for his negative spin on this one for now he is running away