Big difference with Africa Hydro, they cased the well bore, so structurally it will hold.
Cooper have not cased (??) … and I believe the Abiod is a chalky “mud” stone and prone to collapsing …which will not help all the blockages we are getting.
Either way, we are still facing a heavily discounted share placing now. Jacka probably needs $7m …. and if at $0.04, that means 35% of the company is gone.
We might have some good geologists in Jacka … but we have a monkey in charge of finance. Question is, who is the monkey …. who is this person dictating decisions?
JKA Price at posting:
6.6¢ Sentiment: None Disclosure: Held