JKA
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0.00% 0.3¢ jacka resources limited

I believe there are two forces at work to suppress price.1. this...

  1. nicto
    1,214 Posts.
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    24/07/13
    17:12
    Post #: 12106037
    I believe there are two forces at work to suppress price.

    1. this well is still not 'commercial'. It looks like it has oil, it looks like it will flow, but we are not there yet.

    2. those 38.5 million shares just issued at 8.5c will continue to drip sell onto market at current prices while there remains uncertainty as to if HW3 is commercial.

    If you believe HW3 is commercial and that JKA will receive reserve certification in due course, then current sp is a very cheap entry. Go buy some!
    Not enough investors thinking like that right now though.

    JKA Price at posting: 10.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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