Are you invested or have looked at Jadestone21 Aug 2019 12:56
I looked at a few companies as a comparison to BLOE in terms of MCAP that could be achieved, but now I am considering investing in one of them.
Jadestone Energy, LSE listed Australian company with oil and gas assets in Australia, Vietnam, Malaysia, Indonesia is producing and selling $46M in Q1, has reduced costs significantly since the wells are online.
Their Q2 results are due at the end of August, with reports there has been an extra tanker visit compared to Q1 so revenue could be $70M+.
MCAP is $246M but net debt is $330M !!!.
The current share price is slightly off its peak at 60p currently at 53p, if the results are good higher revenue and continued cost reductions, the EPS could go positive and SP could rallye.
The sizeable debt is off pointing, the Board on LSE is very quiet, and ADVFN is full of ramping nutters it seems. have any of you looked at Jadestone and invested or decided to stay away. Im just looking for opinions and anything historical I may of missed.