Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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Credibility, just taken a huge step forward, we can now go into further talks with the Vietnam Government and say look what we have achieved in Indonesia, we can repeat that success here.!!!!
im sure this next step will be the focus of attention along with developing and growing our other assets
Excellent news. 6 months to cash positive, fingers crossed.
Could be sooner, wait for flow results
What a great effort by the installation workforce to complete mechanically this project, with this update suggesting that the processing of gas is on schedule and working without any major setbacks is remarkable for a project of this size, going by the statement they don't forsee any adjustments to the timeline for sales so it's a very well done all round.
Completely agree-great achievement beating my predictions but the market does not agree and thatis what counts for us shareholders -I dont believe it is buy on rumour and sell on news although there have been plently of sells today but I dont believe the current achievement is in the price either as we have had such a drastic fall from around99p with Montara mishaps and the uncertainty of such a large capital project
so as I said perverse-so what is really going on as I weas ready to invest more this morning but have had problems with my II account and in the meantime the sp fell
SURPRISED we did not hit 35p today imo i think its the decommission costs liabilities etc holding jse back . it stands at approx 700 million correct me if im wrong .
Very disappointing response from the market so far, although if we are still languishing at these levels when first gas is sold I would be very surprised, sometimes the market completely misses the significance of an announcement perhaps this is one of those occasions, we are only one step away from moving into the production phase that is the only reason I can think why it's such a damp scquib of a reaction from the market, hopefully as this news sinks in without any setbacks coming to light logically I would expect a steady rise from here.
I think the market was expecting flow rates, maybe suspicious of them not being included
JSE will have to regain the market's trust and confidence. After a torrid 2 years both have evaporated and only a period of production, free of mishap will remedy that. Today was a start, an unambiguous RNS, but much more to do.
@scored again: Yes, Im a bit surprised too, but the other comments maybe right - the market possibly wants to see actual flows and sales coming out of it to start to rebuild confidence.
Re the ARO liability, it was $604mio at 31/12/23, but has $215 of offset receivables in the cess funds, so net net they had a $389mio ARO liability at year end. Still a chunk of cash which needs funding but seems manageable in a couple of years after they've paid down bank debt
Decommissioning-700M-WOW-whats that for as I seem to have completely missed that-No it seems unreasonable to expect flow rates today as you would need this phase before any flows and having go the plant operational and tested next phase is flows-the market cannot be that stupid-yes the plant is tested and working but for how long-still some way to go
They are bidding for the Puteri blocks (its former AAKPLN or something like that) because the decommissioning costs have been already placed into the field's cess fund. Akatara doesn't increase significantly the decommissioning liabilities and the future Vietnamese development would also be a low-ARO project, as it will reuse existing infrastructure. The problem are Stag and Montara, mainly Stag.
So is it also fair to say these costs are not imminent and I don't see any decommissioning on the horizon for a number of years yet, and some may well get extended further out if opportunities on the fields materialise.
Good rns today
previously communicated milestones achieved. good to see jadestone moving forward on all fronts