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Well I’m glad I haven’t got 8 mill shares in here!
Someone wants them anyway
A couple of big buys there or a rollover?
Yes, gas price in a terminal downtrend. All research suggests this will continue well into the decade as gas demand drops off. On the flip side ask yourself why an astute investor just entered with a position in excess of £750k+. I'm sure they are more knowledgable than people hanging out on an LSE board or at least privy to other information.
Get old Big Ed back in charisma needed urgently to help bumble along the bottom.
Love all the opinions on here but they are as knowledgeable and empty, as the drunk off a bus posting on Facebook !!
https://www.share-talk.com/prospex-energy-plc-aimpxen-final-results/
Ttf is 23 euros,pxen not making money,maybethe next well postponed,only report every 3months,will wait for 4p
Some chunky old sells today.Guess some folk have run out of patience.
Tread carefully with Sound Energy. A very chequered history when JP was at the helm. A case of research, research and then more research. May have turned a corner with new CEO but check back for all outstanding debt and when due for repayment, alongside the funding for extracting and processing the gas to commercialise. Worth reading the BB for a heads up, and several years of RNSs.
I listened to this and found it useful to learn, it is a Morrocan based gas play, perhaps will use the pipe that flows Tessorillo. The CEO spoke well thought with passion, could be worth a lot in a few years with potential revenues of 90M per year for 10 years so they have some big fields.. Sim size mk cap to Prospex, sim ideas, they don't want to issue shares to dilute in this dire market. Anyway worth a listen.
https://www.investormeetcompany.com/sound-energy-plc/register-investor
Yes in outside hands. I think Permit News is the share mover not so much Drill News. Permit news could be tomorrow, could be ????? If the news came out tomorrow at 0700 I think this would be marked up to 9p-10p and could rise to15-16 quite quickly. It would just depend on the amount of one year holders that seize the opportunity to get out level and I think a lot will sell regardless of the future. Most people are traders, most holders of Prospex have paid more than the current price so will get nervous at share price rise. Patience is the key, its a good company, cheap atm and if Tessorillo clicks then its a tenfold.
We are basically in ths hands of the Italian and Spanish governments and let's face it they aren't the fastest.Its looking increasingly unlikely we will have any additional drills in Selva this year if the first one is anything to go by.
Yeah so exciting
I agree - not keen on any buyout in immediate short term as Mark is prime position to develop assets organically.
Italy is already in play with additional permits seemingly highly likely, with limited obstacles.
Spain is the area I personally would like to see traction on - Mark needs to find a green solution to unlock the asset. This to me is clear based on limited progress to date. It a solution is found, with limited risk and financing, then we have 2 horses in the race.
Importantly, any green solution which does unlock El romeral permits, would also naturally lead to view similar could be done for Tesorillo. Game changer.
Neither Spanish assets are materially factored into existing 20p broker - with 1.3p value attributed.
Above is why I’d prefer buyout / offers to be entertained post next Italian permit, and more importantly, Spanish green solution to unlock permitting on those assets. Then we’re in play.
Either way, exciting times ahead - solid financial and asset footing.
I am expecting that the buyout rumours are exactly that. Just rumours perpetuated by the regular rampers. PXEN has been at lows for over 6 months. Any perspective bidders would've come forward by now to get the assets on the cheap. The share price would've reacted in anticipation. New permits are around the corner and any bidder will be paying more. It doesn't make any sense.
Overtaken you on the Share Registry PP
Will be interesting to see if he continues to add.
Https://twitter.com/TKIA_1/status/1758418139119829271
Very credible:
https://www.moneymarketing.co.uk/news/investment-entrepreneur-fry-retires-after-44-years/
What's cooking....
Oh I am invested. Shame you can’t have a reasonable debate! Enjoy your half term
Says the biggest bully in the classroom except you cant ban posters here can you
Set for success from here old boy.
Happy with my 8m shares.
If you’re not invested - maybe go play with your mates or top up your piggy bank and enjoy your half term 👍
Ask yourself why the SP went from 18p to 6p in less than a year!
Selling a load of loan notes to their mates wasn’t the funding answer IMO
Nonsense.
How else do you think PXEN would have built a gas plant and a pipeline?
Raising £1.87m at 4.25p was not discounted , had no warrants and the only way to raise cash without revenues.
Now it's all set-up - with 2 cash generating assets being able to self-finance future organic growth of assets with no further dilution to shareholders.
No debt, no warrants, no CLN's post March.
Meanwhile, as one wise know it all stated:
"retail favourites are being diluted to death with no production to cover board wages, admin and drilling costs: Cash is king.Dilution always the answer. I hate to think what the MCap for all these non production companies are #BOIL #PREM #HE1"
But the damage is done! all the good news from first gas was blown away from the constant selling of the conversions.
We are going to need a few drill permits to recover.
Meanwhile in Aus, Chairman of PVE who are the JV partner and operator for selva assets in Italy has added shares to his holding this week.