JPR 0.00% 3.9¢ jupiter energy limited

Ann: June 2021 Quarterly Activities Report, page-130

  1. 1,642 Posts.
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    I got a small tranche the last few days, but this is the quintessential lifestyle company. Directors draw a salary, bond holders get their interest payments, and they keep rolling the notes and extending the maturity (no other option however - 'extend and pretend' as the phrase goes.) They also seem to be getting dictated to by the powers that be concerning the JV. A CR is likely to fund the commercial production and additionally bondholders may be getting impatient and the balance sheet needs some relief. They stated this in recent reports (that a CR is likely).

    On the positive side they are seemingly advancing commercial production. I'm bullish on oil, and whilst a rising POO may not impact the local price much it should provide some bullish pressure on SP. Massive lifestyle company however. I'm in for the next P & D.
    Last edited by AdVictoriam: 13/09/21
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