FAR I owned back in 92 when they were 18c and the market cap was $8m Fast forward 22 years and its 4c and worth $100m So it has lost 80% of its value and increased its market cap 10 fold. Such is the life of a small oil company - a snow flakes chance in hell of making shareholders money over the long term.
My guess is JKA could be taken out - the AJE is worth more 50% more than the company MV at present. Add the other options in and it should be of interest to a few companies wanting to expand into Africa with the AJE development in the next 18 months - though I think AJE has sat in development for some time..... JKA is also rudderless.
Shame they really did almost get it right they were a bit unlucky.
JKA Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
