JKA 0.00% 0.3¢ jacka resources limited

1st post and testing Excellent share Jacka and checking, seems...

  1. 89 Posts.
    1st post and testing

    Excellent share Jacka and checking, seems to be too good to be true. But it looks like it.

    Obviously not on the institutional investors radar at this valuation, thus prefect for people who do their homework.

    Re Tunisia, not a concern if a failure, its not in the share price at all. But it might dip to 0.08 or 0.075 with panic investors or mad shorts (but I have not sen any).

    However this well is drilling a proven oil formation. Cooper have messed up the drilling, but I think Dragon are telling them what to do now (as potential buyers of the block). And this well could easily come in as targeted. Carbonates can be complicated and this one is, but the horizontal section should deliver.

    I also think Jacka is a takeover target at this level but the bid would need to be +$0.70 to win.


 
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