Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
It makes you wonder, however my thoughts drift over and think about the recent fall of many funds regardless of what sector was their focus say a balanced fund, many will have taken a hit, I would of thought maybe the managers are pondering a rebalance to generate some dividends and growth for their beaten down funds.
JSE would fit the bill but only if they come down from their climate change net zero carbon high horse, wether they like it or not they if they want to keep their reputations intact might not have a choice.
So on reflection a think we are in with chance of testing that target price.
Has the oil price just crashed?
A quick check no, its in the green, just for today scrapping in at $118.5, sometimes markets do irrational things this sudden drop ex dividend day or not seems like an opportunity, considering we have been trading sideways for the last five months or so during high oil prices, it seems to me there is a disconnect between our sp and the profits being generated on daily basis.
Times may be hard for many companies but at present JSE is not one of them.
Maybe part of the issue here is debt, although mainly incurred by the recent acquisition, did they over pay that's up for debate, however it comes at a time when it's good to have little debt, they need to perform now and maintain growth not easy with markets as they are currently, the low p/e is in SYNT favour and if they manage to keep profitability up with help from the new acquisition than all should be good.
Is spreading the news about JSE today, nothing new if you follow the news and events, but nice to see us getting some publicity.
Berenberg Bank has upgraded Jadestone Energy (LON: JSE) to ‘buy’, and raised the target price substantially from 105p to 140p. This is not surprising, given that the oil price continues to strengthen in a tight market disrupted by sanctions on Russia, one of the world’s largest producers of oil, and that OPEC is forecasting even stronger world oil demand this year. SP Angel says Jadestone’s increasing production (up 36% this year), robust revenues and no hedging has resulted in strong cash generation and no debt during last year. At close of trading yesterday, the stock was priced at 101.5p, a return of 19.4% YTD and 49.3% over 12 months.
Great news it seems such a long time ago when this lock-in occurred, how things have changed between then and now for the company, just to shift the oil is a result but cherry on the top is being paid the difference in oil prices then and now.
The fact this could of worked the other way round, high oil price then lower price now, we are on a roll and for a change instead of the world being against us it seems to be with us.
Hi ISA,
I feel future investors will want to see cash on the balance sheet, drilling results showing mine life extension, and the bonus being progress in Nigeria, as you say we got a real good going over yesterday.
The fundamentals are good here, with the battering cryptos are taking are they really a safe haven which is going to replace gold?
That is being questioned now and I feel what is happening now will in the longer term turn sentiment towards gold, we shall see.
Although disappointed by the drop I am by no means disheartened with my investment here.
A fair assessment of where we are, generating cash for fun, debt free with a substantial portion of the mcap covered by cash.
AXA selling has distorted the situation here, we have opportunities with the infrastructure to improve gas flows which maybe a month ago would be pondered over, now improvements which can written off against the levy must be become a why not.
Nice to see some sanity return with the sp.as reality sinks in about what's on offer here.
Loss after tax for 2020 included an impairment of US$50.5 million associated with capitalised intangible exploration costs at SC56, a deep-water exploration block associated with the previous management.
Well that was a surprise posting a loss, however it should be noted it is an accounting exercise, net cash increased by over $30m and we are debt free.
Product figures in line with guidelines, they always seem low when Maari are not included, the other major factor to consider is these figures are five months old backward looking we have had five of stellar oil prices.
So suprise with the price action, and the dividend returns penciled in for the future are significant
We had a site visit organised in mid May to show off the mine and its operations for potential investors or I suppose fund managers who wanted to see first hand what the company is about.
The presentation on the company web site specially done for the event lays out chapter and verse what we are about.
However a search for comments of how it went regarding the event are very thin on the ground, I am coming up with none, maybe more notes will come out shortly, considering market conditions are favourable and operationally we seem to getting things right, I thought it was a good idea, and the right time to present our credentials to interested parties, anyway even though not much press coverage I am sure it go unnoticed I wonder if it was well attended and wether we are now earmarked for further ii which would seem logical.
Sea Tank,
Nice summary of the state of play here, my research into oil markets suggests that we can't meet current demands, the US oil boom was a mirage smoke and mirrors funded by wall street never cash flow generative so now with oil at new highs fracking is still in the doldrums due banks losing a fortune and unwilling to throw good money after bad, so only the best of the best are making it pay in the US.
That boom gave the false impression of cheap oil for the foreseeable future, low prices and the net carbon zero scam has resulted in muted investment over recent years from the west so now we are where we are, in a pickle of our own making.
OPEC says it can ramp up supply yet regularly misses it's targets says it all, more investment is needed in oil exploration because oil is not a scarce commodity there is loads of it about, Venezuela is floating on it, and should now be a beacon of prosperity if the US hadn't bankrupted it with its fake boom.
The latest results seems to getting more coverage eg market screener, proactive investors and a junior miner review on the day of the RNS the message is getting out there now, I am sure we are being noticed more even though the market reaction has been muted to what I thought was an excellent update.
Sentiment and perception seems to play a huge part here, although throughout the social unrest and political change Ptal continued to execute their development plans, investors unsure of how things might fall took flight, which is understandable when you consider the impact government decisions can have on profits and outlook.
I am surprised it's the UK government and not the socialist Peruvian government which has acted in the way it has with the WFT, however I am sure it will not have gone unnoticed, especially in a country were people power is never far away.
So while I feel we are only making up lost ground, I am wary of a government decision throwing a spanner into our works, when our potential has much farther to go, we are only at the beginning.
With the dividend payment approaching a buoyant market from all accounts with a tighter supply, it would be nice to see us breach April's highs with this latest bounce.
The impact of China's recent lockdown and its effect on trade is anybody's guess,
with ships idle at port being neither loaded or unloaded when these bottlenecks become visible as shortages who knows, but for now we seem to be on the up.
Now the social unrest has abated and although you could never assume that it wouldn't arise again, ptal continued to operate competently throughout growing production, now it seems the market is giving some warranted love back, l suppose a strong oil price helps, unpredictability is the only predictably with ptal and Peru.
Good to be on the right side of the movement.
Hi Genghis,
Debt repayments required within the year is what I was making reference to,
The Company also made its first scheduled debt repayment on March 31, 2022, to AFC of US$2.53 million consisting of principal and interest in accordance with the terms of its Senior Secured Facility
Instalment payments on the AFC Senior Secured Facility of US$22,904,418 are due by December 31, 2022. These will be paid from cashflows during the year
With the conference call on 6th June the price break out will lend support to any forward looking statements regarding projects, work overseas, that management might provide supported by an already robust oil price.
Expecting positive news and progress on all ventures as well as good financials.
Still no official news about the Maari Project the longest running will it or won't it complete oil saga going, so expecting a new date to be forwarded for completion.
Roll on June 6th.
Good to see CAML sp trending back up after the recent dividend, Zinc trending upwards while copper and lead have both dropped from recent highs, however all showing healthy gains if taken over a two year period.
Interesting times with the cash balance growing now the debt has gone, however I would be quite happy for the bod to grow the cash pile in the short term, rather than jump in for an acquisition during these turbulent times, cash is king as they say.
Great update today, all fronts progressing favourably production, throughput and drilling campaigns which will hopefully show new targets to be mined.
On target with the financial repayments, which when fully repaid by December would be a major achievement.
Nice to have a cash balance as well considering all the activity.
A little surprised to see this drifting with the oil price we have, especially with the UK sell off in some oilies looking for a new home.
As stated even if the deal falls through we are still set fair for the future.
Yes it is a gun against the head, but also they are playing to a populist people agenda with the free cash, short term gain only as this will soon be forgotten.
Desperation springs to mind, I would of thought there would be a lot of Tories against this strategy, to me this smacks of I will do anything to keep in office.
SQZ at least does have options to mitigate this action, when the dust settles a more investors will realize the hit can be dodged to some extent.
As for the sp why wouldn't you invest at these levels?
In fact the upcoming drilling campaign was seen by me me as I hope they don't come up with a duster, now who cares, it's no big deal anymore the sp hit has already occurred.