Hi Kruiser I agree there certainly should be upside here. As we...

Hi Kruiser

I agree there certainly should be upside here. As we know JKA now holds 11.4% of London listed MXO and the Mexican Government has recently decided to allow foreign companies to bid for O&G blocks after 76 years of government monopolisation. MXO are bidding for two onshore blocks with exploration targets of 100 BOE and should find out in December if the bids are successful. If they are successful it's hard to see how this wouldn't be a significant share price catalyst. If not the SP is currently at cash value anyway so hard to see any downside from this scenario?

In addition to the above, as a shell, JKA IMO may be an attractive proposition for those wanting to speculate on a relisting. At this current time for well under 1c a share you get a shell with a tight script, $2.7 million in the bank, no current cash call, liquid assets, project assets and hopefully news this year which could certainly generate new buyers in the lead up.

All IMO.

Best wishes to long term holders.

Regards,

Chilloutman