This is a disaster and shows how incompetent Jacka’s Board are with financial affairs. Tangiers has little or no cash and 2 bloody off shore blocks YET TO BE FINANCED. So now we have just doubled our financial problems, (one is bad enough).
Are the directors in Jacka crazy … they should be talking to a financially strong oil company.
I cant see the logic in this, but it would show that the directors in Jacka have burnt their credibility in the financial markets … and now just want a low profile exit. It also allows them to blame Tangiers “WHEN” IT ALL GOES WRONG.
This is such a stupid deal.
JKA Price at posting:
8.6¢ Sentiment: None Disclosure: Held
