Member Info for Matthew125

So, I'm guessing anyone who was still holding here has been payed out now.

About 40% what I should have took when we were delisted for 40p.

When I passed, I was hoping for some sort of div. from the cash pile they had been building up and maybe a better buy out offer. It was a stupid risk but I suppose it has been better than a complete lost.

5k? You are lucky! :) 20k for me! Oh hum.

I bought this way back in 2020. Bit of a punt stock but was doing well. Last I heard, they were well funded and had made the largest discovery in the north sea in years.

So, what has happened?

I hadn't checked on it for a couple of month and was like, WTF happened here! Ahhhhh, the joys of AIM!

I think there is very little point in myself selling now. I had £20k in this but it is down to pennies now. Might have been a point of selling when the first bad news of underfunding came in. Big lesson. Hopefully I will be able to make some back with other investments over the next couple of years.

And stay away from AIM shares! :D

HZM investors are on the fence of losing all, or a large % of their investment here.... and you are worried about the direction of the Nickel market? At the moment I don't care if Nickel halves in value, just as long as my investment here keeps some value.

Bluejay’s market cap is £68m. For the year ended 31 December 2021, the pre-tax loss was £2.7m. At that date, the company held cash and cash equivalents of £2.7m (with no debt). In March this year, Bluejay bolstered its liquidity position with a £5.4m share placing. The upshot? Bluejay remains high-risk, but it could be a high-reward long-run investment.

I was that MUG! :(

"I think bottom will be £0 within 2 years."

Is it that bad now! :D

Only just starting to look at SDRY again. I was in it for 2020/21 and sold the week before the big 40% pump, opps. But, massive drop this year and being a bit of a bottom feeder it is back on my radar.

Clearly still burning through cash but has the Market Cap dropped faster than the cash level?

Letter of resignation from the auditor.

www.shareview.co.uk/clients/misc/jkx_auditor_letter.pdf

Well this doesn't seem like great news. I understand that JKX have Russian assets but it is a Ukrainian company? Makes me wonder how the UK Grovernment would treat FXPO assets if they fell under Russian control. This war and the sanctions need to end soon! The one positive from this letter is the statement 'best interests of all its shareholders'. I just hope that will include the smaller ones based in the UK.

JKX Oil & Gas Ltd
33 Cavendish Square London
W1G 0PW
T: +44 (0)20 7323 4464

www.jkx.co.uk

Dear Shareholder

Resignation of BDO LLP (“BDO”) as Auditor of JKX Oil & Gas Limited (“the Company”)

I am writing to you today to inform you that BDO LLP has resigned as Auditor of the Company. As required by applicable law, and for your information, a copy of BDO’s letter of resignation can be viewed here.

The Company has taken advice from external legal counsel on the matters set out in BDO’s letter of resignation. This advice takes a fundamentally different view on the key legal matters addressed in the letter of resignation and concludes that there is no legal reason why BDO cannot complete the 2021 Audit. This advice has been provided to BDO and the conclusion of that advice has been provided to the ICAEW, the professional body to whom BDO is required to report its resignation.

As a result of BDO’s resignation the Company will not be able to comply with its obligations to provide copies of the audited accounts to shareholders or file audited accounts with Companies House by the applicable deadline (31st December 2022). The Company is liaising directly with Companies House to ensure that they are aware of the situation and its context and is in the process of identifying new auditors as a matter of urgency.

The Company is clear in its condemnation of the illegal invasion of Ukraine by the Russian Federation and remains committed to its previously announced policy of the disposal of all its legacy Russian assets. The Company is actively working to achieve this, although the multiple sanctions regimes and practical matters make it a highly complex task and success in the short term cannot be guaranteed.

In conclusion I would like to reassure you that the Company and its Board remain committed to complying with all applicable laws, including those restrictions introduced as a result of Russia’s illegal invasion of Ukraine, and the Board will continue to manage the Company in the best interests of all its shareholders.

Should you have any questions about this email or BDO’s letter of resignation please do not hesitate to contact the Company by e-mail on ir@jkx.co.uk.

Yours sincerely,

Michael Bakunenko
Chairman of the Board.

I thought my timing was great when I bought this for 14p just before the big climb to 28p! But my big problem throughout my investing career has been my inability to time my sells!
So, here I am at 11p with a weak outlook for the UK economy and housing market.
How much cash do PURP have left and what is the cash burn?

Good news for anyone who hasn't checked their accounts yet. iweb and Halifax have finally paid out for the BCN shares! :D

Been a bit of a dog this one but if a deal is coming, what are peoples targets? What sort of market cap could the company have? Ideas on a postcard!

I thought this would be riskly to try to carry on holding but the whole Russia/Ukraine thing really threw another serious spanner into the works. @unvrkw Lack of contact maybe an additional side effect of the war. Broker is still showing them in my account so I might ask if they know anything about what is going on. From the offer I remember that is was stated that you would still hold the shares if you didn't accept so if anyone is holding the shares for me it must be my broker.

@Noel They are your open offer shares.

Oh great, that's almost as bad as being tipped by the Fool!

Seeing as I bought most of my shares here for 0.85p, I can't really complain too much! ;)

Probably will fall a bit for a retest somewhere. Toying with the idea of buying a few more. BOO buy has probably provided some LT support for REVB.