Jadestone Energy Share Discussion Threads

[fardels bear] 14/10/2023 16:42

Whatever will they think of next?On another note I see the dreadful party of self destruction has been given its marching orders by a popular vote in New Zealand.Worth another pop at you know what, do we suppose? Or maybe we've been stiffed adequately by a certain FPSO 'manufacturer' and consider twice is enough to be bitten?

[croasdalelfc] 13/10/2023 16:27

Impressive- really coming together inc the pipe laying

[nigelpm] 13/10/2023 15:23

Latest video of Akatara progress -

hxxps://www.jadestone-energy.com/wp-content/uploads/2023/10/Akatara-development-site-video-sept-2023-with-music.mp4

[fardels bear] 13/10/2023 10:58

Filtered. Clown.

[senor_sensible] 13/10/2023 10:51

www.barchart.com/stocks/quotes/JSE.LN/opinion

[puzzler2] 13/10/2023 10:18

Regardless of what the chart says, the company is strengthening day by day - increasing production generating cash and the Akatara gas project moving forward to commissioning in 2024. A decent buy at this share price level with a view to holding for a year or more.

[11_percent] 13/10/2023 10:08

Have bought a few.......as we have a 1 bar reversal.

There has been strong buying since Mondays RNS.......which has given a 1 bar reversal.

That is.....within 1 week are higher than the last bar in the 4 bar down trend.

1 bar reversals are strong......in that.....on the balance of probability.....the so is likely to continue to rise next week ( next week).



free stock charts from uk.advfn.com

[texaschaser] 12/10/2023 15:02

dead frog bounce

[fardels bear] 12/10/2023 14:37

Should? Past experience shows it'll be a mountain of stupendous proportions.

[taurusthebear] 12/10/2023 14:32

SS - are you talking about the UK Government? Don't worry, the debt should increase under Starmer. :0)

[senor_sensible] 12/10/2023 13:30

Same time tomorrow?

[senor_sensible] 12/10/2023 13:08

This is the next Irvine Energy - spiralling debt, all in the accounts

[senor_sensible] 12/10/2023 12:58

Sorry to look at the half of the story most of the rampers choose to ignore :-) All in their last set of accounts for those who don't have rose coloured glasses on

[badger60] 12/10/2023 12:52

It doesn't sound like a company which has any financial difficulties to me......in fact totally the opposite......Paul Blakeley, President and CEO commented:"We always believed that, with time, we could resolve the temporary dip in the RBL borrowing base availability in mid-2024. The waiver approval shows the constructive working relationship we have with our RBL banks and demonstrates the banks' confidence in Jadestone's ability to deliver. I would like to thank the RBL banks and the wider Jadestone team for working together to deliver this successful outcome. As a result, Jadestone is projected to have significant liquidity prior to the Akatara field commencing production, after which our borrowing base availability is expected to increase further, as we move into a period of high cash generation, in turn supporting our growth ambitions.Recent operational performance across the business has been encouraging, with total production averaging c.17,000boepd during the month of September, and also continued progress at Akatara, where we remain on budget and schedule while meeting all key milestones. We are focused on sustaining this momentum over the remainder of 2023 and into 2024, underpinning our aim of significant production and cash flow growth in the near-term."

[fardels bear] 12/10/2023 12:46

Half a story from somebody who hasn't done any research.

[senor_sensible] 12/10/2023 12:39

They are borrowing money to pay interest on existing debt, how long can that continue?

[senor_sensible] 12/10/2023 12:35

Over the next six months, the company's borrowing capacity will be up to US$200 million from previously forecasted US$190 million.

They are borrowing based on resource in the ground, some of that borrowing is paying the interest on their debt -vicious circle that will sink them and shareholders will be left with a worthless shell IMO