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Greg,
I'm not lying and neither is panda1.
Do you understand this statement
"The company entered 2022 with a cash balance of circa $0.4m and Net Debt of $5.5 million. The cash balance as at 31 December 2022 was circa $1.4 million with Net Debt reduced to circa $1.5 million."
Someone else posted the same qoute, I asked them to explain what it meant, they never replied, will you.
Doesn't look like it.
Shouldn't call people liars on a bb especially when their not lying!
Greg,
I'm not lying and neither is panda1.
Do you understand this statement
"The company entered 2022 with a cash balance of circa $0.4m and Net Debt of $5.5 million. The cash balance as at 31 December 2022 was circa $1.4 million with Net Debt reduced to circa $1.5 million."
Someone else posted the same qoute, I asked them to explain what it meant, they never replied, will you.
It is brilliant news there's no doubt about it.
Todays sp is certainly ,imo, a great entry price for new investors but also just as good for existing holders.
Look forward to new production guidance, new wells being brought online in coming days and also to seeing the new acquisitions that are in the pipeline being acquired.
"2023 will be a big year for Jadestone."
Let's hope so
Percy your right.
Greg give it a rest.
I don't spend day after day on this board I only responded to your post at 07:21 this morning calling me an idiot referring to the fact that I had said what uog had said about gas being negligible in their guidance, must be that uog are idiots as well.
Let's leave it at that.
Greg if you think I'm such an idiot that's fine nobody really cares.
I just see things in black and white, words written by uog, no make believe just facts
Not things I would like to see but real facts published in black and white and that's where we differ.
Also I even noted a few lth's getting a bit annoyed, quite rightly, with some people's exagerrations and total lack of understanding of how production and revenue is calculated.
It will be interesting to see if uog publishes their Q1 average production this year, kind of let it slip last year after promising to publish every quarter.
Last year was rns'd on 19th April.
These are the figures that will tell how production is going, remember that Ash 8 has only started contributing now.
Yes everyone take note It was United that stated in their January update
"the lower-value gas production in 1H 2023 is expected to be negligible"
So Greg get your facts right.
Now I'll tell you who are idiots.
Anyone who listens to the rampers that will be going all out today to get others to buy in.
But anyone who isn't an idiot and can put 2 and 2 together will see something else in these results that I find very alarming.
From todays rns
"the Company's H1 actual production is expected to be at the upper end of the production guidance of 700-900 bopd net."
Anyone realise what that means.
Let's say Upper end is 850 bopd so ,and here's the worrying bit, current production might have declined to a low of around 366 bopd for h1 without Ash 8 and to me that is quite a fall from q4 2022.
So fully expect a lot of nonsense to get posted from desperate holders but todays results highlight that Ash 8 is just a sticking plaster and if it follows Ash 4 decline rates it will only get worse.
Fact not fiction.
Fully expect a backlash here from the clowns but reality is reality.
Greg It's certainly not me that is trying to make you look stupid.
Repayment facility
"the Company has extended the final maturity date on its existing prepayment facility from 30 September 2022 to 31 December 2023. "
Still waiting your explanation on your 6 month till debt free statement which would have been September and now your saying November but not giving any reason for these statements.
Sniffer 78
Your post about cash debt etc could you explain the significance of these figures, thanks.
My understanding is that ar start of year debt was $2.9m.
Repayments of $220k per month till Dec to repay bp, think this was stated in a webcast if I remember correctly.
Which leaves about $260k unaccounted for.
Where did you get the info that bp debt would be repaid in Nov, 8 months from now!
The wells might produce gas but not in commercial quantities is my understanding.
OK Ash 8 results are only included in h1 guidance.
But are included in the 700-900 bopd guidance given, that's the point.
Trying to make out I was trying to mislead is wrong because all I said was that the well results are included in this year's guidance so if you think that was misleading then that's fine but was not my intention.
But I will point out every mis leading statement that anyone does post in the future, ok.
Apart from posts in green boxes, better to keep the dog in his kennel.
As for being desperate I think its obvious to all on here who is really desperate and it ain't me.
Also as for gas being negligible, not my words but Uog's and you accuse me of not reading the presentation!
One other thing how will uog be debt free in 6 months?
Maybe you could explain that to the fd, as I'm sure he would be interested in how you came to that conclusion.
Don't think gas will play much part in any wells this year as uog have stated it's low value and negligible.
Ash 8 isn't really central is it.
You missed Ash 4 in your tweet, understandably.
United not going to jump the gun this time and release flow rates to early as they did with Ash 4 just to see them sharply decline a few days later as happened with Ash 4.
Going down that misleading road again Greg.
Anyway best to wait on published stabiliseed flow rates, and don't forget this well is already included in this year's guidance.
Just as I thought and said on Saturday.
They stated ash 4 was initially flowing at 371 boepd, 15th nov, net to uog then on 24th Nov stated that flow rates had sharply declined.
So I think they are quite right to wait until they are sure that flow rates are completely stabilsed before informing the market.
Possibly another week before results are released but just a guessing going on ash rns's.
As for workovers, they never really tell what's going on.
A lot depends on how this well performs as uog has included it in their 2023 guidance of 700-900 bopd.
But must say good post greg thanks for sharing.
Also good post on sat 02B@C and your statement
"As always DYOR and ignore others"
Great advice.
Just read yesterday's posts trying to ramp this, poor, no substance just pitiful ramping.
Also read angs, panr and pxen bb's.
Well Greg talk about the pot calling the kettle black, spent a lot of time deramping those shares haven't you, why?
It's obvious you are heavily invested here and are desperately trying to ramp this for all your worth, you did the same last year without shame.
Why don't you wait until there is something factual to ramp.
For example wait until the results of Ash 8 are released and for the record they might,imo, not release the results until the flow rates are fully stabilised providing it does flow and remember how Ash 4 flow rates quickly declined after a few weeks.
There's a lot of info about uog that won't be posted here by the rampers and pi's really need to do their own research.
Until Monday.
Getting a bit hot under the collar are we not.
Don't like it that I post here because I won't let you away with misleading others.
What's your reason for your constant ramps think everyone knows even the ones who recommend your posts.
As forr the sale of Maria, I'm not discounting it.
It hasn't happened yet and it might not, but it might.
And as for share buybacks, I don't believe they can afford to spend money on buybacks as I've stated previously but thats my opinion yours might differ but that's OK.
Yep I sold out last year and I've never denied, so what, does that mean I can't post here.
Is it only rampers that are allowed here.
Let's see what tomorrow and next week brings.
And you had to add to your post
"They have a 6p price target"
Why?
You know that's not the case now.
Investors like percy doing research hear and asking this bb for information might get mislead, you don’t want to go down that road like you did last year with FormerFD or his new name TheDogFarther, or do you!
Just keeping things level.
C'mon Greg your coming across as pretty desperate.
Broker note pointless now as it was based on estimated 2023 production of 1575 boepd which is nowhere near today's or even uog estimate of 700 to 900 and that includes Ash 8.
Also there are some big trades going thru and it might be Rowe but it might not , it might be someone else.
This is why pi's really need to research anything you post as it is misleading.
Better to wait to see on Ash 8 results before ramping, but remember Ash 8 figures have already been accounted for in uog's fy guidelines.