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I am right on the money here 130P bid and falling !
Good Evening Dickupham
To answer your questions I believe JOG has zero chance of attracting one or more partners as I don't think in the current climate anyone is going to stump up £1 billion+ to bring the project to fruition .No doubt prospective partners will have access to the same information that Equinor did who we know walked away so imo that's what everyone else will be doing unless something new has come to the table.
As for the fund selling down its holding its been plain to see that there has been a seller for some time of course there has also been a buyer taking up the shares otherwise we would be at 50P now as we saw when Mr Griffiths dumped his shares on the open market imo the seller is still there look at the on limits and also take note how the market makers very quickly get the red pencils out on the smallest of sales all indicative of a seller in the market and imo the buyer has had their fill.
I am in no way calling the BOD conmen or lyers I have merely stated the facts huge pay rises when the company was hardly a wash with cash fact fund raising at big discounts when we were supposed to be fully funded until the end of this year fact. What have the directors achieved to warrant these pay rises ? I thought renumeration was linked with delivering shareholder value where is shareholder value here ? I see absolutely none whatsoever after 4 years just an ever declining share price reflecting on the current information in the public domain that the market thinks JOG is going to fail.
ATB Dickupham I hope you are ok and everything goes well for you.
The only thing we are going to be selling at this rate are those shovels donated by Irish mouse at a car boot sale !
The Count sent me to Night School where I studied how not to get ripped off in AIM companies where directors line their pockets with shareholders cash deliver nothing apart from Jam tomorrow and award themselves huge pay rises for delivering diddly squat when the company is hardly a wash with cash and organise deeply discounted fund raisings when they were supposed to be fully funded until the end of the year to keep them drawing their fat salaries for another couple of years! Sadly the bid closed at 134P and will tank into the 120S by the end of the week courtesy of a large fund off loading here probably in light of the above .
A very sad state of affairs especially when some good people have large sums invested here not too late to cut losses though I suppose and salvage something from this wreck.
SP down again on very small sells less than 2000 shares traded .Very little hope left here as the sp drifts every day next it will break support at 118 and continue its sorry path of collapse below £1 eventually ending up at my sp prediction of 50 lousy pence .
You certainly should care that the market values JOG as a bag of salted peanuts if you've got any sense which we all know you have as the stock market is very rarely wrong .
This is starting to drift already down to 140P and falling as Mr Market says no Farm Out and JOGS assets are worthless as this drops daily towards a cash at the bank valuation.
Another 4 months at this rate and it will be 50P !
I spot a big roaring angry bear here selling !
Yet another one of JOGS institutional holders is bailing out who is it now to join the list along with Legal and General and all the others pressing the bail out button on this pipe dream.
All we have here is very scrappy selling at 4.5P we will be lucky to break 10P on permit approval at this rate.
Pretty hopeless atm.
I think you will all see a nice sp rise tomorrow as the seller has cleared today some big trades cleared after the bell.
Good luck all after yesterday's good news the sp deserves a bit if a re rate.
For the 1 man deramping show I suggest you at least do some proper research before posting your useless drivel on here .
LoL !
Who's going to pay anyone to post on here ???
LOL LOL and an even louder LOL!!!!!!!!!
100P is not pessimistic at all and will soon become reality. The BOD will have suspected there was a good chance the sp would start charging in the opposite direction from recent highs as the stock is highly volatile and there probably won't be any material news for weeks so that's why they raised when they did despite being fully funded until the end of the year .Better raising at 165P than a quid 6 months later! recent lows of sub 70P could be tested
if it gets past summer and no FO Takeover news.Place Your Bets and be prepared to either lose the lot or hit the jackpot chasing pipe dreams .
Yes a buying opportunity but not at this price it's a Gamble at around 70P which is where its heading imho.
Might be a more even cheaper shares up for grabs soon as John Story sells.
Is this the same Guy ?
From yesterday's share profits
Bearcast Is John Story of Zoetic Infamy facing a margin call and cash crisis ?
Hello There .
The directors are only putting in £60K they would be putting in a lot more than that if they were in farm out talks with any one or even had a whiff of any interest which clearly they haven't.
BP abandoned it Equinor walked away from it the government want to close the north sea and its going to cost £1 billion in start up costs any takers ? Doubt it big oil companies are derisking their portfolios and private equity won't gamble that sort of money that means JOG backs up against the wall and just for the record my 15P SP valuation is based on the cash currently left at the bank as I value imho jogs assets worthless.DYOR as always.
The capital costs here of £1 billion pounds are way too high only the major oilers have that sort of money to spend on projects and they are derisking .Na run for the hills whilst there still time .