Chilloutman - no I don't own any. It is just a shame to see management with none of their own money in a company completely decimate it then walk away. I thought they had a bit more class than that - no idea what happened to the TPT merger - I had seen the TPT board at the 2012 AGM and the boss ex Woodside I though was okay. She bolted from TPT too. Quiet amazing really the whole thing just shows you how loose people are they talk it up but are really just in it for themselves and completely full of it. Couldn't care less about the company or the shareholders.
The JKA portfolio for a junior in Africa is actually pretty good. Aje regularly sells at $25m for 5% equity stakes however it does come with significant development costs. Tunisia shows promise. Unfortunately juniors really struggle in Africa, the capital costs are enormous, which is why it is dominated by the majors. Very hard to survive as a junior, near impossible in reality.
JKA Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
