Time to buy13 Sep 2013 10:35
The time to buy these stocks like Jupiter is when nobody cares. Right now that appears to be the case. I would expect to see additional financing arranged from the major shareholders (Waterford, et. al) in the next few weeks to allow Jupiter to do more work on its wells that are not yet in trial production, as well as the granting of some new trial production licences which will help cash flow. I would also hope to see J54 drilled in Q1 2014 or earlier.
This is still my top pick as I expect this company will be sold before J54 is drilled (any buyer will want this upside for themselves rather than give it to shareholders of Jupiter.....
Take out price at least 75p.