Positive Outlook15 Nov 2023 13:27
How things have changed here at JSE over the last few months, sure we hit a bit of a wall with the raise we had a few months ago, but now the debt is under control, the Assets are performing better than before, we have increased our Asset base , increased our reserves, increased our production, advanced Akatara to over 83% completion, all expectations have been surpassed in Indonesia.
the only thing this year i haven't seen any progress on, is our Vietnam Asset, that could be another AKATARA in the making??,
i hope Paul keeps that on the back burner until A- AKATARA up and running B-Debt largely paid off
but it could become another major milestone even for JSE in 2024/25
We have been very fortunate to have enjoyed high oil prices over the past few months, the liftings hopefully will take advantage of these prices going forwards, most Analysts are forecasting even higher oil prices towards the end of 2023 and well into 2024,
All of the above why i believe JSE vastly under rated ATM and why i am a buyer of the stock currently.
How long it will be before JSE passes the £1 barrier price again is any ones guess, but im convinced given the strong outlook and assets, it will get there in 2024
Off out on an errand catch you Laters,