Member Info for Jackastory

3.3 is a 15% discount to 1 month vwap of 3.9 That’s exceptional for a company who have yet to sign a PSC.

So you just read ‘fully funded’ and ‘well financed’ and ignored the rest of the context in the sentences. You’ll never make5mil if you lack basic comprehension. No offense

That’s not true. Where does it say ‘Fully funded’?

‘Well financed to meet its work commitments’ is what was said in January

They just put a deposit down and reserved a drilling rig. You think that was chump change? You think that’s a work commitment or part of the big boy next stage?

Would you have preferred for them to have lost their chosen rig to another company because they are not in a position to pay the deposit until they have the financing PSC partner nailed down?

Smart money don’t throw money away. To get this placing done to so few individuals at the price the stock was trading at less than 3 weeks ago and without a confirmed PSC they must have wall crossed them with some pretty juicy MNPI. Wouldn’t you think?

The narrative on these boards is completely delusional

There’s a lot of bitter retail punters who are in this space and missed/ watched this company quietly build a business in Sarawak and didn’t invest. They are desperate for it to fail because that’s how envy works.

Last musing - how the hell did they get off a placing with no PSC etc at a £50mn valuation to smart money at a price the stock was trading at less than 3 weeks ago

What needs explaining? The PSC and everything that comes with that is not ready to be announced as we are still evaluating partners that will give us best terms and are not yet exclusive. On Monday 22nd in order to be ready to crack on Upland Had to put a deposit down for the rig and following that they have done a decent but not too dilutive placing to a few smart investors to shore up the balance sheet. That means we are financed up to and including first drill.

The market should love it but there could be a brief opp Monday morning if you’re lucky

Read the last 2 RNS’s

Read between the lines on here and X. Last chance for some folk at getting a cheaper entry now we are capitalised to 1st drill

Ask yourself what conversations the company had with this handful of smart money to get the placement away with no need for anymore silly warrants either

and don’t forget they just had to put a deposit down on the rig.. Money doesn’t grow on trees

A value accretive placing that few seem to understand. Guess that’s what makes markets

I think the market will digest this and respond well next week. A small but necessary placement to allow focus on the prize

Prudent to put $4mn on your balance sheet whilst negotiating with partners I would think and with only 3 quality placees. That’s a win for me

Lovely seeing these photos today. Fills me with confidence. Wouldn’t a successful purely Sarawak based London listed E&P company be a great ongoing reference in trade relations between UK and Sarawak.

Because Petros will be making that announcement first when it is time and then Upland will release an RNS fleshing out everything we have been waiting for

My guess is people sitting on profit's thought they’d be doing their end of year tax allowance trades into a PSC announced rise and instead we are in a holding pattern with not much buyers liquidity so these profit taking trades are weighing the price down. It’s presented quite the opportunity if you’re a believer in where this company is headed and get your timing right

What you outline is why you are able to buy this for only £30mn mkt cap.

Onshore, cheap drilling. Sweet spot adjacent to massive oil/gas fields. It’s definitely a unique opportunity and nice to be in a country without the usual Political risks for blue sky potential. We’re all waiting for that PSC and further clarity on way forward , financing partners etc and that is where we are. A lot of folk holding tight right now including the cornerstone warrant holders you allude to who could have exercised and offloaded. Any switch up in demand and this will fly following this sustained period of consolidation in a news void.

I also understand that it’s difficult to come into a stock that the market forgot about due to previous management poor decisions and has 10x from lows whilst quietly building up in the country it was always supposed to be in. But that is where we are.

Whilst it would obviously be good to get some news - We must obviously be in a silent period as the PSC terms, other parties, financing etc are agreed. This is the single most important event pre drill obviously!

The volume lately is very low. Not really any particularly determined sellers (or buyers). A lot of people will have made profits this tax year on this so there will be some necessary crystalising going on ahead of upcoming year end to optimise allowances etc.

To dispel some nonsense on twitter I keep seeing. Directors recent purchase prices were disclosed on company website as stated in RNS

Hurst 500k @4.03p / BolHassan 1,233,000 @ 3.96p/ Murray 508,334 @ 3.99p / Forrest 500,000 @ 4.02p

Lastly, we should take comfort that on a fully diluted basis our Directors/PMDR’s own 17% of the share capital. Add Zakaria and that becomes over 25% so our interests are all nicely aligned.

Good luck- Q2 things should start getting interesting again, one would think.

‘ to create an illusion of confidence. That said, of course they have confidence in this project’

Sometimes if you don’t have anything to say it’s best to say. nothing at all

Directors paid prices ranging from 3.9p- 4.08p between 15-17th Jan. Great to see

They couldn’t have caveated the original RNS any more

These should be coming thick and fast you would think!

Well he would have had to disclose at 5% so he would not be able to get to 30% cheaply. Also and this is why you often see outright bids without any stake building. No one wants to own 10/15/30% of a company make a bid which fails and then be stuck with the holding when they wanted the whole thing or nothing