The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The Bod have had a Torrid time these past 12 months, Once AKATARA is flowing, and hopefully we can get a deal to sell the excess gas at premium to the already agreed price, we should have plenty of incoming cash in early 2025 to re-start the dividend policy, the other Pen Mall wells are performing well and with the CWLH contributions coming into play next year, as we will have paid all the abandonment fees by then then this will add significant cash to the bottom line too.
I would like to see the debt paid down gradually over the next 18 months, then build up a steady cash pile for more acquisition's, which I'm sure will be forthcoming over the coming months ahead.
nice to see we are building a great team in the Board room, still looking for the next COO who I'm sure will bring great experience with him, they are obviously hard to come by as we have been on the lookout for months?? but I'd rather wait and get the right man for the job, as JSE turns into a Mid -Tier producer
Everyone has their Price, whether to sell? buy? or hold, but for me, we are a long way from any valuation,
however, im not here to "Day Trade" JSE This has long term growth and value written all over it,
32p is silly cheap, imo £1.32 is a more realistic value, but lets see what happens when gas is flowing production Numbers exceed 20,000 Bpd and the cash is rolling in, 2025 Dividends will be back on the Table!!!!, imo
This will now be a base level from where the Sp starts to build from,
With news imminent on Production flow from Akatara and new update on the proposed Bid to the Penmal acquisition, i can see Jadestone aiming for a 30,000 Bpd production Company come the end of 2024 early 2025.
Before this starts to re-rate, i think the new oil production from Sangomar expected in the coming months ahead should start the ball rolling, get WD back on track to £18 levels, at least the Dividend will be secure for years ahead
A few PTAL shareholders complain about how cheap the Sp is over there, even Charlie boy not happy,
Yet we are going to be producing more than PTAL over the coming weeks and were some $260 Million behind them, LOL
Crazy world of Valuations in the current Market, i know which Company im backing to rise to the top!!!!!
After months of adding and patiently waiting for the Company to deliver on its plans, im now in a very good place. PF all blue!!!!!
Hope you all have the success you desire, will be holding these for future dividend returns for several years, if were not taken over before then SP ridiculously Cheap!!!!
Currently, the Group is focused on testing all equipment, testing, cleaning and reinstatement of interconnecting pipe, electrical and instrument testing at both the gas plant and metering station, and the hydrotesting of the gas pipeline. Overall progress of the project had reached 95.72% completion at the end of March 2024
So that was 5 weeks ago, i would think now we are very close to Commercial production trials
Looking forward to the year ahead as a Jadestone Shareholder, by the time i get to the AGM AKATARA should be flowing , imo
Plenty of Updates in 2024
Great to see the March Update, we must be well on the way to testing gas flow rates now, imo, so much progress been done now, road works all look completed and traffic back to normal, flowline completed and looks great,
nice to see the Control Room Computers switched on and testing the Facilities
So close now to first gas!!!!!!!!
looks like a proper functioning Gas Production Plant Now!!!!!
The Buy rating in the Times, at 60p still vastly below Asset Valuation.
If JSE stays below 60p for the rest of the year, i can see a "Buyout" by Tyrus and Management,
our nearest peer with similar production output Ptal is itself undervalued ,imo it is some $300 Million dollars above JSE,
Once the Akatara gas is flowing it should fly past 50p!!!!, not long to wait now,
Where's the video update???? for March??? April due out soon too??? or will it be a ribbon cutting video next?????