RE: Jog Buchan23 Jul 2019 16:47
Jersey Oil & Gas PLC - Director Dealing - so the directors are still buying at these prices .... all be it not earth shattering amounts.
Guess they want to help 'prop' up the SP until someone comes knocking.
SQZ could do an all share t/o for JOG estimated at 8:1 which would not increase our share capital too much. Although should we take on JOG, SQZ will need to add another producing assets sharpish imo. Don't think ACW would want another none-producing assets without having additional income stream, as JOG estimated to produce 2024.
Now should, as it would need to be imo, SQZ do another BKR style deal first, then the ratio could move to a more acceptable 12:1 or better imo
So nice for SQZ to now have the scale and resources, financially and personnel to look at all types of scenarios to build the business.