JKA
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0.00% 0.3¢ jacka resources limited

Thank you mrposhmanAny idea "when" they will need this $2.5m...

  1. Morefish
    89 Posts.
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    09/07/13
    21:02
    Post #: 11983356
    Thank you mrposhman

    Any idea "when" they will need this $2.5m ?


    Borrowings
    I am sure they will be able to borrow a few ($3m) million on Nigeria, to tie them over until they have an asset sale (Tunisia / Nigeria). Even if the interest rate is 50%, it would be worth it.

    And they might be able to borrow a few million on Tunisia if they hit oil, which i think they will.


    They will not do a rights / placing below $0.30 it would kill their options and I am sure Carmichael have some protection below $0.20


    JKA Price at posting: 10.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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