The equity raise at Jadestone was a nasty surprise, but my longer term view is unchanged and I've bought more shares
By Gary Newman | Tuesday 13 June 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The recent equity fundraise at Jadestone Energy (JSE) came as an unexpected and nasty surprise for shareholders, including myself, as I’d expected that its cash reserves and access to debt facilities would be sufficient to cover the Capex for its ongoing oil and gas field developments.
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