JKA
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0.00% 0.3¢ jacka resources limited

If Nigeria Q4 the cash call could be end of this quarter, so a...

  1. Morefish
    89 Posts.
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    09/07/13
    22:45
    Post #: 11983665
    If Nigeria Q4 the cash call could be end of this quarter, so a bit of pressure on Jacka to find cash, but not much.

    Re Tunisia. Cooper as operator will not spend anymore until they sell it, so it should be on ice after this well. 99% sure it will be Dragon which will take c 3 months to agree and another 3 months for approval in Tunisia.

    I think Jacka is ok here. Jacka will want to sell and Dragon will want to buy to get 100% control. Dragon could easily spend $300m here and they are in a rush to diversify production.

    JKA Price at posting: 10.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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