Jadestone Energy Share Discussion Threads

[jacks13] 12/7/2024 06:57

Unfortunately governments (Starmer, Davos and the EU in cahoots) are going to force EVs down our throats. They will mandate manufacturers to cease production of IC cars and use the MOT testing regime as a means to getting them off the roads. You won't need a car anyway because you will be prohibited from leaving your canton without good reason (remember Covid).

I would never have believed I could write such stuff but the penny is finally dropping.

[sea7] 11/7/2024 18:29

The internal combustion engine has survived so long and remained the overwhelmingly dominant transportation technology for one simple reason: it has been superior to alternatives and its benefits have outweighed the costs consistently. It is at the cost-benefit analysis state that the EV revolution tripped and fell—because it seems that no one bothered to do that analysis. So the market made it for them, with the EV surge celebrated loudly last year slowing down before the year was even over

[sea7] 11/7/2024 18:19

as far as I am concerned, the only person i want allocating my capital, is me.
starmers, or any other government, HMRC and local council will only ever get the absolute bare minimum from me at all times and less if i can legally arrange it that way.

no amount of chatter from politicians, do gooders, academics or vested interests, will convince me otherwise.

[volsung] 11/7/2024 18:01

This be’s always round 30p
Long as I have bin round
Diznt seem to like going up the ways for some reason so it duzint

[fireplace22] 11/7/2024 16:32

ok, so Starmer can spend your cash for a better outcome than you can.

[winnet] 11/7/2024 16:27

There's a strong argument that an American-style philanthropic foundation model leads to plutocracy and that such a system has overseen greater economic and health inequalities. I wouldn't want to be poor in the US.

I refer you to the work of Professor Robert Reich.

[fireplace22] 11/7/2024 16:06

Winnet as many altruist/benefactors believe, spare money would be put to far better use by selected charities and foundations than handing over to this lot (or any recent UK govt).
That's called conservatism by the way allowing you to spend your cash in the manner you deem most appropriate.

[fireplace22] 11/7/2024 15:57

The other angle is the high windfall taxes paid by the oil companies, there is very little motivation for them other than just tick over and eventually die.
With the intellect Milliband is currently exhibiting he probably includes the UK's Irish sea which is also a good prospect:

'It is estimated that this region may have up to 2,000 BCF of gas resource potential. that historically has largely been overlooked due to historic lower gas prices.'

[jacks13] 11/7/2024 15:45

It reads like Milliband isn't intending to ban NS oil operations in totality, as much as the climate catastrophists might wish that, but instead refusing new licences and allowing the existing licence holders to continue operations. But the decision would likely be just as chilling in time as if he were to implement a total ban.

Reservoirs need significant maintenance capex to remain in production and companies will be reluctant to invest in such in the longer term. Key skilled workers, technicians, engineers and geologists will also be dusting off their CVs in pursuit of employment in other jurisdictions. Support services to the industry would also suffer similar declines.

What does Milliband mean when he refers to North Sea Oil. Is the West of Shetlands area included because that has been the subject of much significant investment and development in recent decades. Clearly it is on the North Atlantic fringe and not the North Sea but many, perhaps Milliband included, loosely lump them both together. Significant damage would be done to the Scottish economy if the totality of the oil industry went into decline with all that would mean for Labour votes in Scotland and the resuscitation of the currently dormant Scottish independence issues.

[mount teide] 11/7/2024 15:42

In the UK the top 1% of highest earners pay 30% of all income tax, while the top 10% pay over 70%.

How is that fair or likely to generate investment in the country, encourage entrepreneurship, or owners of small businesses to work harder?

No wonder so many high tax paying middle class professionals in the UK are leaving for Australia, Dubai, Singapore, Switzerland, Canada and New Zealand etc. I would too if i had another 20 or 30 years of my working life left ahead of me......because, the life prospects of the overwhelming majority in the ultra low growth, socialist style economies of the UK and Europe over that period will be entirely predictable - yet more managed decline and real terms drop in living standards.

[sea7] 11/7/2024 15:28

I simply object to paying exorbitant taxes, as it prevents me having the money under my control. So, no matter how much I have, i will always be ensuring I pay as little as possible.

[winnet] 11/7/2024 15:19

I am not sure 9500 millionaires leaving the UK ranks very high on my list of economic or social concerns.

Lowering taxes for millionaires is straight out of the Truss playbook of policies. Look where that got us.

I'm a very wealthy guy and I'm happy to pay my fair share. I can afford it and I am not naive enough to think that my successes have been through my superior intellect or achieved in isolation without the support of others. I have no plans to move away from my home, but if you really need that extra money I can see why it may be attractive.

[fireplace22] 11/7/2024 14:50

By their own admission we will need oil and gas for the next 30 years, there is no reason to stop exploitation whatsoever other than pandering to dogma. If they want to transition that will be accelerated by supporting the NS not killing it.

[sea7] 11/7/2024 14:43

more of us will be leaving the uk and setting up shop in other countries, so that we can invest and trade without paying exorbitant taxes.

the government are idiots

they say they will cut off all new oil and gas licences, but want to rely on oil and gas revenue to pay for their plans and the transition.

newsflash - you take the oil and gas companies profits, they will wind down uk operations early and invest in other countries - meaning no more revenue for the government, who will then want to tax people more to make up for the shortfall. the uk populace will simply be paying more tax and higher energy prices - not exactly geniuses this new goverment.

[mount teide] 11/7/2024 14:01

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 12:42

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 09:51

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 09:27

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 08:20

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 07:46

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 07:18

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 17:50

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 16:48

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 16:17

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!