JKA jacka resources limited
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Company transformational deal - record share turnover today....

  1. themyth
    7 Posts.
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    17/09/10
    18:31
    Post #: 7212855
    Company transformational deal - record share turnover today. This stock is heading north.

    Using Euroz's numbers from their recent COE note (on the COE website), 15% of Menzel Horr-1 is worth $1.84/share to JKA on an unrisked basis due to the company's extremely tight capital structure.

    COE as operator have already secured a rig and the spud date is set for 11 November.

    Watch Patersons get behind the stock post the deal and expect to see some money come from the UK due to the strong reputation of the ex-Hardman Resources directors.
    JKA Price at posting: 21.2¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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