JPR jupiter energy limited
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Sailfish,They wont need a capital raising. Part of the AIM...

  1. Last of the Mohicans
    5,038 Posts.
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    29/12/11
    05:39
    Post #: 9491189
    Sailfish,

    They wont need a capital raising. Part of the AIM listing requirement is to have enough capital to last 1 year on your current plans.

    That is why they did the convertible loan deal, so thay had enough money to drill the 2 wells required in 2012, ie J53 and either J54 or J55.

    Yes they would like to go to the markets and get more capital to speed up there development plans, but they also know to do so at the current share price would be insane.

    Once they get production going from J50 & J52 we may see a turnaround in sentiment towards the stock.

    I honestly can't believe the share price is as low as it is.

    LOTM
    JPR Price at posting: 40.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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