Jadestone Energy Takeover Rumours (JSE)

600k in one hit isn't chump change... Add in the 450k from Gunther and thats a couple of big endorsements. What are people's thoughts on Tyrus going over 30%? The takeover code mandates them to make an offer for the rest, IIRC.

The stock market is of no help either total capitalisation of all stocks on the LSE is less than one particular US company, all the best UK companies have been taken over or shifted to other bourses, Shell, BP and Glencore may be next. There is no interest in London and small oil companies like this wont be getting the sort of valuations of five years ago. Best we can hope for is for a takeover, the future for London is bleak.

Solid but boring. Nothing really on the short term horizon to get excited about either, so why buy. Needs a takeover approach unfortunately at a price more in line with the management valuation or this will drift along for another 6-12 months