grey skies

Hi All

The directors of a company matter to me and JKA going forward will be a company with different directors. One of the things I originally liked about JKA and why I invested years ago was the ability of the board to find exciting new projects some with 'blue sky' potential (e.g. Somaliland). The directors owned JKA shares so their interests appeared to be aligned with shareholders. The company seemed to me at all the meetings I attended to be straight forward and transparent. Then something changed with the TPT bid and suddenly we find ourselves in an investment gloom with all bar one of the directors resigning? Justin Wood, who had a significant role in finding their existing projects is reduced to a 'consultant'?

I see grey skies ahead and because of this didn't participate in the SPP offer. I too think you'll be able to buy them cheaper on market as the JKA share price IMO is headed down because again in my opinion there would be a lot of shareholders who for various reasons don't relate investment wise to JKA anymore. I'll be keeping mine long term because I think Aje has the potential to rescue this company even if the new directors whoever they are don't have the ability to find good new projects. Also Tanzania is a very similar project to what Hardman discovered in Uganda years ago and JKA at least has the ability to claw back 5% of Somaliland.

Best wishes all.

Regards,

Chilloutman

Please DYOR and don't make investment decisions based upon comments you read on internet stock forums.