Australia's largest stock trading and investment forum Australia's #1 stock forum

JKA

0.00%

0.3¢ jacka resources limited

What's Happening !, page-96

First 96 Last

Share
Profile

Follow
boysy1

9,279 Posts.

749

22/08/15

07:41

Post #: 15855021
Share

Originally posted by Chilloutman ↑

I've presented the facts and the current market cap. You've done the editorialising. However I do understand your sentiment as the losses many of us are sitting on with JKA are truly awful. But let me respond. Who's to say oil will stay at this level indefinitely? JKA have 15% of Tunisia a large shallow water block close to shore and close to operating oil wells. If the Dragon Oil decide to do some more exploration on some of the other prospects why wouldn't there be interest in JKA farming down? If Genel go ahead with drilling in Somaliland, the 5% stake will not be worthless. You are correct that any reasonable deal on Tanzania will depend on an oil price recovery, but it's still there in the portfolio and completely unaccounted for in the market cap. There is upside in the Aje deal if there aren't big cost over runs. Also there is value to JKA and no funding call with drilling success in Mexico. JKA should not have to raise capital any time soon, as will other oil juniors with larger market caps. As I've said previously JKA is way oversold and is certainly worth more than it's current market cap.

Expand

Chilloutman I'm afraid you have your head well and truly in the sand. The deal to offload aje for chump change and give away upside was outrageous instead of coming to shareholders first. We all have seen the panoro presentation aje will not make money with oil at $40.

JKA Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

HLX

Helix investor makes partial takeover bid, proposing board changes

Results wrap: Austal, TPG Telecom and Downer

EBR

EBR reaches review milestone for wireless cardiac pacing device

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA