The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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whatever the price is its read in pence. so pxog is 0.14p. another company say tesco (TSCO)is 228 which is £2.28.
Thx should it not say 0.0014. I wld be over the moon with 14p. GLA
scotlouie more than you would be having a heart attack!
GG12 0.12p. need to check what the real price for buying or selling through broker but LSE page showing 0.14p to buy or 0.12p to sell.
so 0.14p per share instead of your quoted 14p a share.... think id have a heart attack if it was 14p!!
SCOTLOUIE: When you say your "happy to add when i can and sit on my stocks until were reaching 1p+", I thought PROX sp was 14p, or am I mistaken? I fairly new to this.
broad thanks for the post, it makes good reading and i also firmly believe the disconnect in assets vs sp. and there will be a time where sp will jump to reflect this. i believe it could be italy news. when the red tape has been cut and finally producing then sp will jump up gaining traction with new investors pushing sp into the single digits.
its just a waiting game until pxog proves they can get the deals.done and revenue coming in and were off. until then im happy to add when i can and sit on my stocks until were reaching 1p+
Good find. All the more reason to pull all this together into an updated, PXOG sponsored, 'Peterhouse' (or similar) report. Lot's of value yet to be realised in SP. GLA
Thus, the El Romeral gas power project is, for all intents and purposes, truly transformational to Prospex as it allows the company to transition from an energy-focussed investment company into an asset-backed and cash flow-generative investment company.
But here’s the real kicker;
The tentative valuation of the company’s portfolio of oil and gas assets, following the acquisition, now stands at £47.76m or 2.1p per share. Compare that to the company’s current market cap of £3.09m (0.14p per share).
Yes, feel free to bark the unsavoury but apt remark, “What the ….!”
And yes, the stock market is not always the perfect arbiter of value. However, for as sure as night follows day, the market will soon move to correct the mispricing.
And that, by the way, is the reason why Simon Chantler and the BOD own 11% and 6.5% of the company respectively.
In the meantime, look out for the following share price re-valuation triggers that are expected in the short to medium term:
• A ‘Completion of the El Romeral Gas Power Project Acquisition’ RNS. This will immediately drop a multimillion-pound asset into the company’s portfolio whilst injecting £58,000 worth of monthly revenues into the company’s existing cash flow.
• The ‘INTESA (intergovernmental agreement for Selva)’ RNS.
• The ‘Final Production Concession’ RNS from Italy's Economic Development Ministry.
• The ‘First Gas Production at Selva’ RNS advising of an initial production rate of 150,000 cubic metres per day and the subsequent new injection of cash.
• A ‘Technical Work Programme Update’ RNS to de-risk the 830 BCF gross prospective resources at the Tesorillo project in Spain.
• A ‘Production Update’ for the Bainet field.
Remember, all intelligent investing is value investing; acquiring an asset for less than its value means seeing what everyone else sees and thinking what no one else thinks.