Oversold

Hi All

It is a depressing and frustrating time for JKA holders at the moment.  IMO the projects are still good:

Aje - has very good potential to generate a significant income and now has significant upside exploration potential, in Somaliland JKA have 5% of a potentially massive oil deposit, in Tanzania JKA have a green field exploration project around a large inland lake on the banks of which there are coal deposits,  in Tunisia JKA have an interest in a large offshore block that contains numerous oil prospects.  The current Hammermet project flowed significant oil before the well was blocked and is located only 12 kilometres from a producing oil well.

On the financial front all is good, JKA has $10 million in the bank and still has a reasonably tight capital structure.

So what about the record low share price?  IMO its oversold.  Why?  IMO it could be a lack of transparency on significant corporate events.  Section 1.3 of the JKA Board Charter includes the following statement:

1.3 Responsibilities

The Board is responsible for:

• Ensuring corporate accountability to the shareholders primarily through adopting an
effective shareholder communications strategy, encouraging effective participation at
general meetings and, through the Chairman, being the key interface between the Company
and its shareholders.

Perhaps the share price indicates that it's time the new board called a meeting to tell us who they are and what they plan to do.


Regards,

Chilloutman