Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"and remain confident, having engaged with local authorities and counterparties in Angola earlier this month, that the transactions will complete within the previously guided timeline (Q4 2022)."
https://investegate.co.uk/afentra-plc--aet-/rns/half-year-results/202209270700087007A/
ADVT is in a strong position here, with over £100m in cash ready to deploy as markets fall and valuations reduce.
In fact the further markets fall, the better a position the company is in with the ability to pick up companies much cheaper than it could several months ago.
"We believe that our strong cash position, the current economic downturn combined with our disciplined and patient approach, will put us in a prime position to execute on our strategy."
https://uk.advfn.com/stock-market/london/advancedadvt-ADVT/share-news/Advancedadvt-Limited-Final-Results/89296533
A decent safety net too with a cash balance (£104m) greater than the market cap (£93m) and the knowledge that Vin Murria committed £17.5 million of her own money here at 100p on IPO.
Indeed a move back up to the IPO price from the current 70p mid would be 43%. And Vin Murria will be looking for a multiple return from her buy in price.
Whilst the attempt to buy SAA wasn't successful, Vin Murria has a long history of success and her last two listed companies returned shareholders 10x.
Nearly the end of October now and technical due diligence of interested parties complete. Getting closer and closer to potentially transformational news and a significant boost to the share price.
One of the rare opportunities of strong short term upside in the current market.
People were happy to chase up to 350p a few weeks back. The price could go very much higher than that on a successful farm out.
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"The majority of interested parties are expected to complete their technical due diligence in October 2022, so shareholders shouldn’t have long to wait to discover if a company transformational deal can be done."
"could easily double or treble if Jersey hits the big time with its farm-out discussions. Buy."
https://www.investorschronicle.co.uk/ideas/2022/09/22/poised-to-hit-pay-dirt/
"I think the upside is so substantial that when a deal is signed a very high asset value will start to become clear. My optimism on JOG and its management has remained steadfast since the start and the reason why I am so excited now that GBA’s time is imminent."
https://www.malcysblog.com/2022/09/oil-price-jog-longboat-getech-and-finally/
Good that the directors have skin in the game and are aligned with investors.
Andrew Benitz in particular with a chunky 702,176 shares. That's a £2 million exposure at the price. With such a large personal holding, he will be doing everything possible to ensure a good farm-out price.
"This does appear to be just what it says on the tin, a prudent measure to ensure that the deal goes ahead as announced. Although released out of hours I have no concerns that it is market sensitive and I remain supremely confident that these deals will be incredibly good news once they are completed."
https://www.malcysblog.com/2022/10/iog-afentra/
The directors were keen to load up around current levels in May:
https://investegate.co.uk/jersey-oil---38--gas-plc--jog-/rns/directors--dealings/202205060700075872K/
Very much closer to that potentially transformational farm-out RNS now.
Strong near-term upside potential from here.
"it doesn’t take a genius to work out that a successful farm-out to a well-funded counterparty could create substantial value for the company’s shareholders"
"shareholders shouldn’t have long to wait to discover if a company transformational deal can be done."
"could easily double or treble if Jersey hits the big time with its farm-out discussions. Buy."
https://www.investorschronicle.co.uk/ideas/2022/09/22/poised-to-hit-pay-dirt/
Multiple director purchase RNSes since re-listing with 4 directors buying in the market.
£358k worth of shares bought by the directors in total with an average overall buy price of 25.2p and a high paid of 30.91p
With so many recent purchases, they clearly see strong upside from the current level.
https://twitter.com/zakstraderscafe/status/1578817957496762368?s=61&t=TH52MlYJ1FHLuWrIrwDmJw
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-weekend-bulletin-board-heroes-october-8-2a0a4b7/
The risk of course in not being exposed at this point is that you miss out on the huge gap up in the event of a transformational deal.
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“Based on these near-term considerations, analysts are of the view that the time is getting very close to securing an optimal farm-out and that timing has become, by far, the most significant factor for the maximisation of shareholder value via Jersey’s farm-out.”
“The majority of interested parties are expected to complete their technical due diligence in October 2022, so shareholders shouldn’t have long to wait to discover if a company transformational deal can be done.”
Plenty of potential upside indeed, and in the near term…
“the best assets will be developed first and Jersey has undoubtedly one of the best underdeveloped assets in the UK North Sea. In fact, it is one of only three pre-Final Investment Decision (FID) projects with resources over 100mn barrels of boe.”
“it doesn’t take a genius to work out that a successful farm-out to a well-funded counterparty could create substantial value for the company’s shareholders. In fact, analysts’ target prices – Arden (700p), WH Ireland (722p) and finnCap (572p) – could be erring on the low-side in the event of a major liquidity event materialising.”
“The majority of interested parties are expected to complete their technical due diligence in October 2022, so shareholders shouldn’t have long to wait to discover if a company transformational deal can be done.”
“The company’s share price … could easily double or treble if Jersey hits the big time with its farm-out discussions. Buy.”
https://www.investorschronicle.co.uk/ideas/2022/09/22/poised-to-hit-pay-dirt/
"Favourable fiscal and macroeconomic developments have further bolstered interest in our on-going "Greater Buchan Area" ("GBA") farm-out process"
"Interest is strong"
"commercial discussions are ongoing with serious, well-funded counterparties"
"Substantial progress has been made, with the majority of interested parties forecast to complete their technical due diligence in October 2022"
https://investegate.co.uk/jersey-oil---38--gas-plc--jog-/rns/interim-results/202209220700122293A/
"The Afentra story is all about the deal with Sonangol whereby Paul McDade and his former Tullow colleagues have picked up a seriously valuable portfolio of acreage in Angola. I have made my position clear since the shares returned to AIM and feel that this deal has incredible upside yet to be fully realised by the market.
However it is worth noting that directors have been buying shares with cash since then which shows just how much they believe in this story. A good initial production story with substantial upside is by no means in the price and the shares are remarkably cheap at this level."
https://www.malcysblog.com/2022/09/oil-price-dec-reabold-getech-afentra-serica-president-uog-i3-and-finally/
"The background is excellent as the GBA project is pretty much unique in terms of a sizeable play, with substantial upside and will appeal to companies of all sizes and from multiple geographies."
"Those shareholders who have stuck with JOG have been rewarded this year, the shares have exactly doubled since February but I think the upside is so substantial that when a deal is signed a very high asset value will start to become clear. My optimism on JOG and its management has remained steadfast since the start and the reason why I am so excited now that GBA’s time is imminent."
https://www.malcysblog.com/2022/09/oil-price-jog-longboat-getech-and-finally/
"Finally, Jersey Oil and Gas (JOG) has come out with a very bullish statement this morning. The price is 240p offer and a screaming buy."
https://masterinvestor.co.uk/evil-diaries/evil-diaries-blanching-at-debt/
“shareholders shouldn’t have long to wait to discover if a company transformational deal can be done.”
“The backdrop couldn’t be any more promising.”
“Jersey has undoubtedly one of the best underdeveloped assets in the UK North Sea.”
“analysts’ target prices – Arden (700p), WH Ireland (722p) and finnCap (572p) – could be erring on the low-side in the event of a major liquidity event materialising.”
“could easily double or treble if Jersey hits pay dirt in its farm-out discussions. Buy.”
https://www.investorschronicle.co.uk/ideas/2022/09/22/poised-to-hit-pay-dirt/
“#AET Deal very close to done then new all time highs incoming”
https://twitter.com/sharesmatt/status/1574412553446383616?s=21&t=3rPjo1ixRGy1En4btSyOCQ