Member Info for JMAX

Thanks Noggers.
https://www.nation.co.ke/news/tullow-martin-mbogo-kenya-/1056-5464808-jefvnc/index.html

Tornadotony,
I have read your posts with interest, you are not buying until after the next update - I see this logic - I would like to do this, but I'm averaging down in tranches before the update as the next update could announce the T/O. I need to take this calculated risk.

Great post, but until the next significant RNS we don't really know what is going on behind the scenes - but the lack of info is a concern.

Noggers,

I know that feeling. Most days I get stuck in traffic outside a car showroom, I look in and think 'that's overpriced' - then I remember I'm more than the price of this car down in TLW. Sit tight and you will double your money.

A slightly different scenario, but look at house builders in 2008, I think BDEV was at 48p - it's over 800p now.

Tony,
after reading that post I want to buy more!

I think an average of 70p in a company like this is nothing to worry about. I wouldn't sell and definitely not before the March update.
Ps You are in a better position than me

We are ship without a captain - only a positive RNS will change the sentiment and direction. Noggers, will you buy more shares ?

Call of the day

Bulent, I agree. At times it's hard with the lack of news and the sentiment but I'm still buying in tranches.

Great response, the last thing I want is a cheap T/O

I agree Romeike, but let's hope this is what the BOD have in mind rather than a cheap T/O.

If I was in that situation I would just sit tight and wait it out.

Selling and realising the loss at such a low SP would hurt me. Then where do you invest - and what do you do if this drops ?

Don't let emotion take control

Agreed, and it may turn out that the 3 year guidance was pessimistically low.

Noggers,

I don't know what you situation or average is - but what choices have you got?

Noggers,
End of this year

Noggers,
IMO it will go over 100p, so to me buying at 60p is good value.

And to be fair, Dorothy is picking up on quite a mess.

The last drill was a wildcat, low COS, so I'm not too down beat - and it was under the previous CEO that it was arranged. As for Dorothy, the lack of info is a concern at times - she seems to be cautious and this could work out well in the LT for the patient PI.

I'm not saying there will be a T/O but a cheap T/O is my concern. I would rather see selected assets sold (as would most of us), the debt coming down and see this rise back to 150plus. I'm still buying in tranches.

Auson,
A low ball offer - followed by a slightly improved offer that gets accepted is my concern.