Member Info for JMAX

Chill people, the SP only matters if you're buying or selling. Furthermore, as the SP rises rises as we head north, the pullbacks will be more 'violent'.

What is so bad, what dip ? Nothing goes up in a straight line

Geo,

Have a look at the 2 RNS from Nov and Dec 2019. We were overvalued, and were taken down to Sub 70p. And poo is misleading due to our hedging. But we are in far better shape as a company now.

Let's hope that all good news is released through individual RNS, so we get maximum SP increases.

FDM,
I'm happy just making good money here at the moment after being over 90% down and buying myself out of trouble. So after the turn around I feel quite fortunate
I do feel for those who sold out after heavy losses and Mrd in particular

The last SB post I saw - he was waiting for 152p

Even with great turn around for someone to be £1m up, they would still have to be a pretty heavy investor to begin with - there are probably a couple of them on here.

Michael,

The last few up dates have been priced in, but this one is potentially different : Kenya news, production updates and hedging are all on the horizon.

FDM,

I'm a LTH, and I am looking for 140p plus but haven't got an exit price for the reason you suggest - as in favourable circumstances 200p plus is viable.

Get the debt down before dividends please. In fact, give me SP growth over dividends any day.

Bail,
I was just responding to others, I agree with you.

If good news has leaked then we should be much higher

Geo,

After those 2 RNS from late 2019, it showed we were overvalued at the 200p range. We are now more streamlined and efficient, have lower debt - so I think 140p plus is realistic.

Exactly, so we are not fully benefitting from the rise in poo

Geo,

What percentage of our oil is sold at a ceiling price ?

Who pays attention to or buys due to broker upgrades.....

As a company we are in much better shape than when we were 200p plus and the debt was around 4.8B. So we were over valued at this point. However, allowing for depletion - we must now be worth at least 70p and gapping up to that 140p range.

What time frame did the brokers give and does prediction include progress in Kenya ?

It won't just be demand that causes PoO to rise but inflation will be a major price driver. Real interest rates are negative and the masses haven't yet realised that the money in their pocket is losing purchasing power fast.

We will only open up if PoO doesn't retrace.

Cheers Slift