Journey Energy Inc T.JOY

Power Plant

[baranja]

Why did they ever consider selling power plant. I think this the coolest thing to have as Energy O/G co.  They have unlimited power to create anything. They cold also start mining bitcoins too.
Many energy companies globaly mine bitcoins.

Jurney is greatly positioned Co. for what's comming.  Very nice little company.

[Justhalffull]

The sale was first arranged before they managed to restructure their debt.  At that time, mid 2020, oil prices were still in the $30's and electricity prices were low.  So low in fact that the potential purchaser reneged on the deal even though they had to relinquish their $900,000 deposit.  JOY was in financial distress, and had to do something to survive.  Along

[baranja]

I agree,. a miracle here. I did quickly comapred JOY with YGR,.. and, yes, YGR is very undervalued, big time,.. but JOY is so under valued vs YGR,.. it is weird. Also the fact that this is 100% unhedged,.... yes,.. it is good junior to put the money in to.

[baranja]

I can only immagine how the purchaser feels after loosing 900 K and now Electicity is going up..  Bad timing, bud luck,. no guts, fear,..  powerfull forces.