Jadestone Energy Share Discussion Threads

[mount teide] 11/7/2024 15:01

Millionaire and Billionaire Migration in 2024 - as predicted the threat of an incoming proper 'tax and spend(waste)' Socialist Government in the UK has seen the wealthy stampede out the country - the exodus has lifted the UK to the position of the second highest in the World for projected HNW outflows in 2024.

Millionaire Migration in 2024
ht.tps://www.visualcapitalist.com/mapped-millionaire-migration-in-2024/

Remove the full stop between the two t's.

Speaks volumes that the UK is now very highly positioned on the side of the ledger among the overwhelmingly communist and socialist regimes experiencing high net outflows of HNW individuals! In 2024 we are second only to communist China! And are projected to lose more HNWI's in 2024 than the next eight countries on the list put together!

[puzzler2] 11/7/2024 13:42

Definitely a pennant on the chart, indicating an indecisive market direction, that is looking to conclude around the time of JSE's scheduled trading statement on 29 July. From then, I'm hoping there will be an upward revision of the share price

[sea7] 11/7/2024 10:51

Thanks MT it would seem that jadestone is reappearing on the radars of many more investors with the work done, especially with avatara coming on stream

[mount teide] 11/7/2024 10:27

S7 - thanks for reminding us there has been a 10.1% increase in notifiable holdings(>than 3%), from 59.7% to 69.8%, since October 2023.

Perhaps, even more interestingly, there has been a 7.1% increase from 62.7% since updating the header two months ago.

7.1% is around 38.4m shares.

Presumably, a move by a number of well 'researched' II's to take greater exposure to the company in the run up to first production from Akatara, after being given assurances, as alluded to previously, that Montara Venture's management compounded inspection and remediation issues are now under effective control through the involvement of a shipping industry professional (DNV Classification Society Surveyor), and therefore now manageable on an ongoing basis without impacting the current 90%+ uptime performance of the Montara Field.

AIMHO/DYOR

[winnet] 11/7/2024 09:20

Clearly, this is not a pro EU board, and TBH, debating the relative merits of the EU voting system is just a tad off-topic. Needless to say, your view is one of many views.

I shall leave it there for now!

[jacks13] 11/7/2024 08:46

winnet, as I recall our MEPs, when we had them, were voted for as a block and then enrolled into their positions as MEPs by some arcane mechanism where even the losing parties who having received negligible support from their electorate were nonetheless awarded their share of the seats. The whole enterprise is and was a rigged sham designed to fool the electorates into thinking they were somehow being provided with an accountable chamber. MEPs have no power and no accountability, they merely rubber stamp what the Commission serves up to them.
But they are extremely well rewarded for their compliance.

[sea7] 11/7/2024 08:18

Note the changes to the signficant shareholders in the last eight months..

significant shareholders as of 30th June 2024...

Tyrus Capital 26.44%
Fidelity International 9.71%
Baillie Gifford 7.07%
Livermore Partners 5.92%
Hargreaves Lansdown 4.17%
River Global Investors 3.45%
Invesco 3.42%
Canaccord Genuity Wealth Management 3.31%
UBS Wealth Management 3.22%
Premier Miton 3.09%

signficant Shareholders as of 31st October 2023

Tyrus Capital 26.44%
Fidelity International 9.97%
Baillie Gifford 7.76%
Livermore Partners 5.92%
Hargreaves Lansdown 3.37%
Premier Miton Investors 3.17%
Canaccord Genuity Wealth Management 3.06%

[sea7] 10/7/2024 18:50

well said fireplace

not one of those 20 something mps has the life experience or skill set, to deal with the incoming enquiries they will get. They will be overrun with the usual needy, desperate and aggrieved in their areas.

all parties in politics talk BS all day long and I never believe any of them, ever.

[ashkv] 10/7/2024 17:48

Over the past few years the closest JSE's actual share price came to the Market Screener Average Analyst 12m Target Price was Feb 2022 with a variance of 15%.

Since June 2023 - this variance has fluctuated between 90% to 150%

Lets hope we get closer to the sell side analyst view of the firm's worth!!

First Gas flow at Akatara to end customers hopefully announced in advance to the month end trading update :) One can hope :)

[fireplace22] 10/7/2024 17:17

Saw an interview with Steve Baker, being a constituency mp obviously took it's toll mentally. He said he had had 27K constituents, most never bothered you those that did were very angry or desperately in need. That new intake in their 20's wont know what hit them, life experience what!

[yasx] 10/7/2024 17:07

I thinknyou could find better cabinets at MFI - that hit the wall so it is saying something!

As for grown ups in charge, single digit IQ Rayner, deluded Dianne Abbott, Numpty Nandy and Liability Lammy.

I would not employ that bunch to empty the bins since I suspect they would fail to do even that.

[winnet] 10/7/2024 16:53

Whenever you and I discuss politics, MT, we always disagree. In a quiet period we seem to be going way off topic. However, it's interesting, that we both think JSE is a compelling investment and we both believe that the market, to some extent, is a suitable vehicle for human progress.

Lord Mandelson is a hate figure for the right, partly because to a certain extent, he took their toy [aka neolibralism] and refused to return it.

In terms of the so-called democracy deficit in the EU whihc you allude to [often rolled out by Brexiteers as a significant factor for our departure from the EU], it was always the case that our MEPs could be voted out and were accountable to the electorate in the UK via the ballot box. It was always also the case that some "sovereignty" [a favorite word in Brexity cicles] was to be pooled in return for a stake in the EU project. That's was the quid pro quo, some people were comfortable with it, some not, but in retrospect, not many people can claim that we have diverged in any meaningful way [which new laws have changed your life MT?] - why? Economics. As Adam Posen, famously, said, "The rules of gravity apply". It is simply not in the national interest to have any serious regulatory divergence, nor is it sensible to pretend that financial services in the City offer any real advantages over those delivered in Paris or Frankfurt. Many good colleagues [I hasten to use the word "talented", a word which I do not like], have moved overseas. The results of this whole car crash over the last 8 years is a significant fall in GDP which is becoming entrenched, no wonder Starmer is looking for a Single Market style deal.

As for your other points, I don't like the system in the second chamber either, but i am also a staunch Republican, so make of that what you will. I do agree with you, and there are people we could call out on all sides. It has however always been thus since we did away with hereditary peers [a much worse system!].

The final thing i would say is that it doesn't matter to me if the cabinet have ever been employed or "worked" in the commercial sector. If that matters to you, great! Me, nah.

[mount teide] 10/7/2024 15:55

winnet - all most of the Labour and Tory front benches have done in their entire adult 'working' lives is to have 'jobs' where they get to spend other peoples money very poorly, with virtually zero accountability.

Over the last 35 years the voters have routinely kicked them out of Westminster for failing to deliver, only to see many resurface in the House of Lords or European Commission (Kinnock and Mandelson - where both were able to make over 70% of the new laws the UK had to follow at the time, despite the UK electorate twice voting in National elections to stop Kinnock from having such responsibility, and Mandelson a man who was twice forced to quit the Cabinet, only to return a third time before moving on to the House of Lords!

The contempt the current Labour Party leadership, together with Kinnock, Mandelson and Blair to name a few, and the Tory party leadership since 2010, has had for the electorate has been nauseating.

[fardels bear] 10/7/2024 15:45

They are mostly open cast though rather than deep, galleried workings with the propensity to flood catastrophically..

[sea7] 10/7/2024 14:36

Grown ups in charge?

you actually credit any politician of any stripe being credible - not one person is capable of barely even organising regular refuse collection in their own constituency let alone running the country.

[winnet] 10/7/2024 14:33

yawn @ the torygraphy.

Good to see some grown ups back in charge.

[yasx] 10/7/2024 14:03

Winnet,

You are right - they are not centre left, but well left of centre left.

The telegraph article posted by MT essentially summarises the situation.

[sea7] 10/7/2024 13:37

well written piece - and where are we today - continuing with another bunch of fools, voted in by fools, that slavishly lap up all the doctrine and dross doled out from westminster.

our job as investors is to capitalise on the stupidity of them all and to invest in areas of the world that they still think are behind them in development.

anyhow, not to worry - all those handwringers in parliament now, will be trying to dance to everyones tune over the coming months and will be seen to have two left feet

[mount teide] 10/7/2024 13:20

Winnet - Think I'll leave it to award winning journalist Leo McKinstry, who wrote an excellent article in the Telegraph on this very subject - explaining it very well.


Why are the Conservatives governing like socialists?

'This Government's incompetence, spiralling debt and pervasive wokery makes it feel often as if Labour actually won the election

The Tories won an overwhelming victory at the 2019 General Election. A new era of robust Conservatism seemed to beckon. Yet the next four years saw the UK sink ever deeper into the mire of incompetence, debt and progressive dogma, to the extent you'd have thought a Labour Government had been elected.

Left-wing values were followed on everything from immigration, crime, bureaucracy to public spending. And, as always happens when the socialists are in charge, the expansion of the state was accompanied by chronic inefficiency and petty authoritarianism.

It has been a bizarre experience to be living under a Government which in theory was Conservative, but in practice issued endless instructions about our behaviour, puts over nine million people on the state payroll, subsidised visits to restaurants, obsesses about diversity, destroys the integrity of the state exam system, and presided over spiralling crime.

The last Labour Government under Gordon Brown was also notorious for its profligacy, dragging Britain towards the brink of bankruptcy. Tragically, the same process was followed by the last Tory Government.

Over the last 5 years the Conservatives’ image as the party of sound money was dealt a terminal blow. Infuriatingly, much of the largesse was squandered through waste, cronyism, and the self-interests of the political and public sector elite.

By way of example, under the Tories, the HS2 rail link has became a vast exercise in
subsidised avarice, with the average worker on the project costing the taxpayer an almost unbelievable £95,000-a-year.

Fat cats are now positively flourishing in Whitehall, quangoland and local government. According to the Taxpayers’ Alliance, there are 2667 municipal officials on over £100,000-a-year, and 32 of them on over £250,000-a-year......with most still 'working' from home!

Even more disturbing is the last Government’s pathetic submission to the woke agenda. In his previous career as a journalist, Boris Johnson raged against the antics of loony left, which in the 1980s became a byword for ideological extremism.

Under Johnson's premiership, the revolutionary spirit of the GLC and Islington Council now swirls through the corridors of power. Every public body swallowed the divisive nonsense of woke culture and critical race theory.......it's as if Ken Livingstone had come back and taken control on a national scale.

Diversity became the official creed of the state, ruthlessly enforced by McCarthyite witch-hunts against any dissenters. Statues, buildings, street names and art works are all reviewed for their compliance with the latest social justice edicts. The school curriculum was “decolonised”. Race quotas imposed on everything from jobs recruitment to BBC output.

No institution has been safe from the new British thought police. The Victoria and Albert Museum, introduced staff training to “address hidden prejudices and micro-iniquities.221; Lol!

Public bodies used to be primarily vehicles for the delivery of vital services. Today, they are instruments for indoctrination, where quality and effectiveness count far less than correct opinions. The Government’s shameful tolerance of this shift is part of a collapse of confidence in traditional, Conservative values.

The handwringing “all must have prizes” mentality was matched by the “all must come in” mentality on border controls. Despite the tough rhetoric from the Home Secretary, the department has utterly failed to get a grip on the traffic of illegal migrant boats across the English Channel.

Indeed, there was never any sign that Boris Johnson’s Government was willing to reduce immigration at all. According to the latest figures, a record-breaking 1.2m people settled here in the last year, imposing a further huge burden on public services and undermining social cohesion.

Contrary to all the upbeat propaganda from the open border brigade, less than a third of this huge influx of new arrivals actually came here to work.

Even that globally renowned bastion of security, the British police, has succumbed to the warped values of woke oppression and gesture politics. While senior officers bend the knee or fly flags for travellers’ rights, just 7 per cent of crimes result in any action by the justice system.

For all its chronic failings, the modern British state has lost none of its self-importance. Just the opposite is the case. A bloated, bullying attention-seeker, the ineffectual Government machine completely dominates our lives. Every news bulletin is hogged by reports by reports about the minutiae of the public sector, from tinkering with quangos to university admissions. Whether in vox pops or discussion shows, the views of public sector workers fill the airwaves.

No one could guess from the endless roll-call of students, nurses, teachers and civil servants in the Question Time audience that, before Covid, 83 per cent of the national workforce was employed in the private sector. At the height of the lockdown, millions were encouraged to take part in a weekly ritual of applause for staff in the NHS, though such uncritical admiration is both unhealthy and a barrier to reform. It belongs to a socialist regime, not a democracy built on freedom and enterprise. '

[fardels bear] 10/7/2024 13:05

Bit like coal, Dh. No skilled workers left who could recommission any of our erstwhile hugely productive collieries. Will UKCS too be consigned prematurely to the pages of history?

[dunderheed] 10/7/2024 12:44

I know 22974/5. The issue with NS is such that, apart from one or two new (potential) self-sufficient assets once you start to close off infrastructure, it'll be non reversible for what could have been a large amount of satellite/stranded assets.
Sheer madness to offshore (beyond UK waters) HC development merely to virtue signal "cutting back" on a totally irrelevant worldwide HC production anyway. Truly bizarre. I think even SNP "got that" (eventually).

[winnet] 10/7/2024 12:43

The sad fact is that the expression "the stupidity of an MP Is purely an extension of the stupidity of the elecorate that voted them in" is even more relevant now than it ever has been.

---

I have tried no to "bite" for some time, but seriously, this must be satire.

As for the fault for the lack of innovation being 25 years of "centre-left" government - where exqactly do Johnson, Truss, Sunack sit on centre left. PMSL! Maybe slightly more on the center, than left? Jeez.

[sea7] 10/7/2024 12:35

over recent years and it appears likely to be in the immediate future,the Uk has been festooned with incompetent MP's, who are out of their depth, who pander to every sob story and woke do gooder possible and in the process have wrecked almost everything they touch.

The sad fact is that the expression "the stupidity of an MP Is purely an extension of the stupidity of the elecorate that voted them in" is even more relevant now than it ever has been.