Gobsmacked to see a fully funded company drilling in a proven field and with oil shows imminent have been hit this hard.
The impatience and fear of the market at the moment is incredible.
JKA have all the fundamentals in place with the funding behind them. Unlike others there is not likely to be a highly dilutive capital raising in the immediate future but instead a successful and in my opinion the first of a number of good cash generating wells in a proven field.
Yes good buying at these levels and don't think they will continue too long.
JKA Price at posting:
10.7¢ Sentiment: Buy Disclosure: Held