Member Info for Janiax

Nice to see the start of the re rate.

Remember to hold you shares tight.
There's likely to be day traders selling here soon and it will have some red says as well as blue over the next few months.

But if you sell now you won't find it easy to buy on any dips.

Hold for the gold (or Oil)

So RG, have you sold any of that at any point?
If not I calculate your in for £52.2k @ 3.99p average and holding 1.31m shares.

So already at a tidy profit.

I'm only in for 1/10th of that... so beers can be on you at the 30p party??

NGR1616
It's time to wake up and smell the oil.

You still have time to get in today and make some good profit here.

Join the party.

Still producing 9,500+ barrels a day.
Net free cash is very close to covering bonds
Next uplift due in March

And yet Maris still puts in the comment that future agreed costs mean not all the net free cash can be used for the bonds. Which always puts a downer on it.

It's very clear now that the debt will be covered.

Just wish there was some new about other activities

Seems to be a very quiet day after a couple bust ones on the board.

Looks like the market has no strong views either way on the RNS this week.
Seems we are still bouncing between 4/5, which is significantly stronger than a couple months back.

Guess we just need more news on future plans before we jump or go all in ??

Just remember, the new BoD are working hard to get investors confidence back here.
Although currently there's only one active operation it's only a matter of time before new prospects and additional drilling is announced.

No one wants to be out of this when they start more extraction.

Stay strong guys, when we break through 5p and get more updates this could fly.

Wish I could add more here, but don't have the funds available currently.

Each time I check the current sell price it's riding slightly.

Started at 4.91p this morning, the. 4.92 ... 4.96 and now 4.965

Only slight movements but always in the right direction.

Would be nice to see a tighter spread, but happy if this manages to close above 5p today.

Don't want too many day traders here, would prefer a steady 4-5% gain each week as this revalues to a stronger position.

Great news from the CA RNS.

And a steady market response today, with a gradual climb.

Wonder if we may see 5p this week.

Good luck all investors.

My plan is to hold and sell at 16-17p, as I believe there's enough room to get there early next year when they the company should be able to cover its debts.

I did sell out last time it went over 4 on the morning after when it started dropping, but then brought back in because I didn't want to be out of this for long.
Didn't get the best sell or rebuy, but did gain 12% quantity.

Now I'm just waiting for the revaluation that this share deserves.

Great start to the day here looking to be a positive week.

Don't be alarmed if we see some reduction over the day though as there's always going to be a lot of day trading when a share starts to rerate.

Hopefully we can hold a 5-10% increase on good days and see less red in the bad days.

I can see this bring at 5p within a week or two,
Personally I believe we have a long way to go and see us over the year high by the end of October, perhaps reaching up to 10p by the end of the year if the production continues at the current rate.

All looking good atm.

Hope you all get some profit here

With just over an hour to go, I'll be very happy to see this close above 4p.

Mondays haven't been kind recently, with most of our gains occurring on a Friday with the early part of the weeks dropping again.

Hopefully there is something in the background which will give us a nice RNS this week.
But as per normal there will be sells on news. Just hope we can now establish 4p as a base and move from there going forward.

Well done all those already in profit, and fingers crossed for those that need to see this a bit higher:)

My average is only 3.8p but I'm a much smaller player and only in for £5k which is quite a large amount for me.

I'm worried as it's a 50% increase needed to break even.

But a lot are in for much higher averages.
And the value is here, it's just going to take a while to recover from the previous BOD.

If the production continues, and the revenue comes in there should be no problem seeing a much higher share value.

However if the oil isn't there than it's a different story.

I believe I will come out with profit, but doesn't mean I'm not worried with the current price and the way the market is reacting. Along with the stupid large advertised spread.

That makes sense man.

Hope it gets cleared and we see a TR1 with it

Not sure why the spread is so high, but it's killing the trading.
Very annoying as it the spread was nice and tight this would be starting to see some good gains.

Aye, nice to see a steady climb rather than the steady Decline we've been having.
Still a bit to go before my 3.8 average, but feeling confident we will see this rising substantial over the next few months.

Just looks like the MMs are going on a fishing trip for stop losses.

There's nothing to suggest this drop will last. And everything pointing towards a sustainable recovery currently.

Seems like the MMs are doing a good job of keeping this suppressed atm.

With the news last week and The TR1 announcement of a large holdings increase I'm surprised this is still in the 4p region.

Currently looks like it should be on its way back up to 10p as a baseline.

And if we here that there is more oil which a lot expect now (due to BoD lying about everything else)
This should be on it way back up even further.

Short term I'm hoping to see the base get to double figures, long term.. who knows..

Yeah, definitely looks like the shorts are being closed.

Wonder what increase we will see when they let this fly.

MM's like to go fishing in the morning.
Today they are fishing for stop losses and weak traders shares.

Yesterday they did the same and it closed even.

Don't sell early

Earl,
The current (soon to be historic) BOD are ****ed that they lost the court hearing, so are trying to say that unless the shareholders vote how they want then the company will be finished.

This is not what most shareholders, including a major investment company believe.

The proposed restructuring is dead, the next step is to change the board.

The RNS is very unprofessional