It is interesting that the mc for the four brave companies in PEP 11 off Newcastle is around $330M after today's huge leap of faith; and they only have seismic and the smell of gas that they have ascertained comes from seabed seepage and not from a passing whale.
Wow! Amazing what a few trading halts and prophetic estimates of zillions of cubic kilometers of gas can do for the share prices of these blue sky entities.
At least JPR is in a proven oily area and, no doubt a bit of fast money is being diverted from JPR into the PEP 11 players.
If you have a bit of spare time over this weekend, check out past JPR releases starting from the 3rd May 2007 where it has been the aim of Directors to acquire additional development areas.
At one stage they had the adjacent NWZ oilfield available to them and Macquarie bank had approved a $50M bank debt facility before the GFC to acquire the field. 15 July 2008 ASX release.
I reckon this strategy will be employed again for the AIM listing; we will possibly learn that the field is still available to JPR if the funds are there.
Unfortunately, JPR has a history of upbeat ASX releases that have not come true and that is holding the sp down as existing shareholders are rather skeptical; a new bunch of shareholders looks a pretty good option to me.
I wonder if the PEP 11 shareholders will be as disillusioned come February!
- Forums
- ASX - By Stock
- JPR
- happy birthday nwz2
happy birthday nwz2, page-17
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JPR (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
-0.009(36.0%) |
Mkt cap ! $20.39M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $11 | 667 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2389 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 2223 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2389 | 0.016 |
1 | 50000 | 0.011 |
1 | 10000 | 0.010 |
1 | 369069 | 0.002 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 2223 | 1 |
0.029 | 161037 | 1 |
0.032 | 100000 | 1 |
0.045 | 22000 | 1 |
0.050 | 170000 | 1 |
Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
Featured News
JPR (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online