Hi ktm, there is a chart 'gap' @ 18.5c that i'm sure the TAs would say needs to be filled.
The current sp i believe is fair value. It is range bound atm. weakness comes from that 18.5c gap which is a bit glaring.
Strengths come from overdue upgrade of Aje (nigeria) oil resource, overdue tanzanian permit signing.
Hammermet (Tunisian) appraisal now due in March.
Not sure about your rumour. it would seem unlikely to me. JKa have 15% that they bought from COE. If Tanzania comes off that would be farmed out good luck
JKA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held