Member Info for raxfactor

Typical AA shenanigans if I was a KIST shareholder which I have been in the past I would be rooting for him, a great deal for them if he pulls it off, however from our perspective it doesn't come close to reflecting our worth, the only good is that if some other suitor is hiding in the background they might feel obliged to show their hand, let's be honest here KIST will not be the only one running the rule over us with our cash pile growing by the day and lowly sp by comparison.

A late RNS appeared the Q2 update which is the reason for the rise in Canada it makes for pleasant reading.
23,785 Oz gold produced
Aisc maintained $850 - $950 per Oz
$14.5m paid off the debt facility
Guidance 85k -100k Oz
6MW of generating capacity commissioned using all Nigerian sourced oil/gas

Those are the major talking points more information in the table regarding amount of ore mined etc.

Well if any of us were beginning to doubt operations here that update puts that fear to bed, great update well done to Segun and his team.

THX up just short of 10% over there, a pleasant change to the suprise drop we have experienced recently, just need to wait for the next production figures to support the investment case.

Interestingly UK vehicle production increased for the first time in ten months recently, although still well down on pre co levels, at the same time this last week news out in the US is saying a glut of semi conductors is on the cards instigating a crash in chip makers prices.
We also still have issues with supply chains however with news of increasing production, more availability of chips which was a huge issue fading we only have the recession and other supply chain issues to worry about.
It looks as though PGM demand should remain steady at current levels.
https://www.motortrader.com/motor-trader-news/automotive-news/uk-car-production-first-time-since-june-2021-30-06-2022

Great update today, another successful drill rapid payback and we are going to be cash positive very shortly, Brent north of $110, we are sitting pretty.

Excellent news to see production has restarted with a temporary repair and the full repair will commence shortly, the company stating there is no threat to the environment.
I have read some posters saying possible structural damage to vessel would need weeks and if unlucky months to put right, then the regulator would be difficult and strict impling JSE would not be back in production any time soon,
All I can say is the management have worked round all the issues and got us back in production in a short period of time, and in time we will get the full details.
Well done the JSE management team, incidents and accidents will always occur it's how a company responds that matters.

Please ignore any more posts were I mention other stocks, this has crashed 25% today, i hoped nobody took a punt.

I was listening to VSA morning miner and they mentioned Altyngold had just announced its results $18m profit mcap $36 it's in Kazakhstan, it looks interesting if you like undervalued gold miners, Kaz though a friend to Russia in today's world is something to note, a quick look over at their board I see retired banker is fan, one to add to the list for further investigation.

https://www.investegate.co.uk/altyngold-plc--altn-/bus/final-results/20220627070000Z1206/
Price activity here has been a little lacklustre lately but it seems as with Altyngold the problem lies in the story not being known and the company not pushing it.
Thought it might be of interest I am not invested.

Are you spreading fear porn?
You could of referenced the paragraph below or linked the article.

NOPSEMA has issued a prohibition notice to ensure production is not restarted until it is satisfied the structural integrity issues have been rectified and risk of further spill has been mitigated.
https://www.energyvoice.com/oilandgas/421668/jadestone-hit-with-stop-notice-after-oil-spill-incident-poses-significant-threat/

Are you spreading fear porn?
You could of just linked the article, take note of last paragraph.

NOPSEMA has issued a prohibition notice to ensure production is not restarted until it is satisfied the structural integrity issues have been rectified and risk of further spill has been mitigated.

NOPSEMA said it will continue to oversee the London-listed company’s response and ensure environmental impacts are being monitored, as well as appropriate actions are being taken to address any impacts.

Hi Ken,
Don't worry about it, worry about our sp ,our profits should be going from strength to strength in the current market although it might slow in the future months if the doom and gloom continues however if China opens up maybe not.
Its nice to know our debt will be substantially reduced if not cash positive shortly paving the way for improved divi even if we paid 10% how many more would join us, the potential here has been there for all to see for some time but our board is generally quiet, for whatever reason pi's seem to pass us by, not many have joined us over recent months/years or if they have they don't post.
Have a rummage down the back of the sofa here is as good as anywhere to see out the stormy current market and the company will still be in business when it's passed, I have feeling there are some that won't.

Offshore oil production can be hazardous and the dangers involved with any oil producers it is easy to overlook the perils they face as in the main they tackle their problems with skill knowledge and good engineering know how accident free, however accidents happen, it doesn't mean JSEs management are useless and inept in fact this incident is a opportunity to show why they are rated so highly, probably new protocols and checks will follow to prevent an incident of this kind going undetected again.
No doubt fines will follow the reputation has taken a hit but as with one of my other holding CAML when unexpected events occur the management step up to the plate, put right the damage to the environment by cleaning it up, pay the fine the tank will be repaired operations will resume.
Four weeks downtime before the repair is complete is the estimate, the only time accidents can never occur is if you never do anything fortunately JSE have and do a lot so accidents now and again should not be unexpected it's how they deal with them that matters.

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