Hi Saturner
I can understand your sentiment, you are probably significantly under water like most of us. On the positive side the previous management did find all these projects and from time to time they have bought on market themselves and did manage to keep a tight capital structure. If you look at the chart a significant and sustained bearish sell off began in December 2012 at this time the SP was around 20c, JKA had a bank balance of $14 million, Genel were beginning work in Somaliland and JKA had begun the lead up to the drilling of Hammermet. So I'm not sure what happened then but the chart is clear. One could speculate that perhaps bigger players decided, wisely it now seems, to get out.
Good luck to all, I'm sure it will turn around soon, after all our new chairman has begun to buy on market!. Go Max!
Regards,
Chilloutman
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