Member Info for Thunder2040

I think Jadestone remains vulnerable at anything below 60p tbh, it's trading at about what they paid for Montara.. alone...if oil is sticking north of 80USD this needs to double up from here to not be deep value and vulnerable

Literally lol, I got the joke too don't worry ..*smirks*

This was undervalued before Montara shut in...really now it's about stable production and execution of Indonesia gas...then we get the real rewards

Have recently invested in Jadestone Energy as a recovery play..have a lot of smaller growth type assets and projects in SE Asia...anyone think Enauest could take a look at them in the near future, seem a good fit to me as operate the same model if taking older assets and extending life. Would welcome thoughts here

We will get a tr1 soon, 20k sells since it first happened

How can you have an UT in opening auction of 28.50 then drop down below 27 on a cancelled trade.. haha, makes no sense

Stargate..I offer you this, Directors were willing to buy at twice the price currently, so if they saw value there, this is now deep value..although a pinch of salt as if you have director remuneration to start with the purchases mean a bit less. As for the charts, they are behind actual tangible business performance and events..you will not see it turn if you look in the rear view mirror...once Montara is producing with all tanks fixed and inspected and the new Indonesian gas play is online, this will be about £1 a share IMO...short term noise should be disregarded

RNS today states repairs commenced, expected to be shut in for less than 60 days, this is great news.. hopefully can get it up and running asap and back on track

Needed to get the rbl and accounts signed off..so up and running was better than not...I think all issues will be resolved this time then off to the races

I tend to disagree actually, how can they have got into over £600m of debt in the space of a year since the disposal!?

Not great results there, I really did expect better with white paper developments..same as a few other companies, giving out 10% plus pay rises is not really affordable but here we are

Think the demand has been underestimated...also the fires made it look ropey but the impact seems limited

Frankly this is trading at a ridiculous price...it's got little to no debt, very few fixed overheads, sky high travel demand, even Michael Burry is buying travel stocks, the founder just lumped in another 2.5m...the short was mis placed and is closing, I think this is now the best double your money in 12 months punt in the market

IFRS 9 requires expected credit loss provisions that cover loans through to expiry..so you need to take a level of provision even in newly written loans based usually on the credit profile of the existing book. What this means is if you write a lot of new loans you take a loss on the new provisions up front. Previously you were allowed to do a rolling periodic assessment and new loans would rarely be provided as no time had elapsed for them to get into any arrears.

The seller was there before that update, they just increased into any rise

They have net cash at the moment, would be interested to see how much they can draw down on the rbl with Montara shut in, needs to be enough to cover the capex..I think if someone knows ex Montara free cashfow we could probably work it out...but I bet they just say you can draw £100m whilst shut in..the rest when up and running...all just a guess

I mean sounds like a few months and all fixed, so share price drop a few weeks ago does now seem very overdone...it was 35+ with Montara shut in before..not sure what warrants this steep discount

I fail to see how if it's just been fixed and inspected it can have broken again so fast...makes no sense at all so can only conclude this is not going to be a long shut down and therefore a steal at 24p

No expert but surely the chance of gas leaking from a pipe is quite high on an ageing vessel..if the whole thing has been recently inspected perhaps the chance of a major issue is less than some on this and the other forum think. I might live to regret it but still think this could be a great buy here

Interesting opportunity here..Montara issue from what I read is a bit unknown ...but surely can defer capex a bit until it's sorted or draw on the facility provided? I think it is a good entry here