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I wish you fruitful reward.
It’s my opinion that Redx has much more value and return than here.
But let’s see tomorrow what happens on both.
That's your estimation and guess work based upon your estimation and guess work and nothing else. But each to their own. I'd like to hold long term there but I see an opportunity here.
News is overdue here and the CEO of Po Valley bought 100k worth of shares recently. That's the operator by the way. But you know that right?
I’m only saying I think Redx will make a better profit than here but let’s see at the end of the week which one is up.
I will stick my money on Redx at least 4p up.
Do you know anything about PXEN SCM or the permit news. Or About Po valley? Anything?
There is a reasoned I bailed Redx with my tenner profit (actually £1.6k) and that is I've watched PXEN like redex FOR MONTHS.
Wait and see
I can’t see this doing much I think you should have stayed with Redx this is going to retrace in the next few days.
Less buying than Redx I think Redx will do better we will see.
The idea continues to build #PXEN https://x.com/SwazersC/status/1777704206964539626 https://www.tradingview.com/x/GkSsxxPE/
Quite a few chunky buys today so wouldnt surprise me.Permits at last?
5.28 on the buy side now
Have a feeling this is going to move soon
Decent entry! got an additional load just over 5p so pleased with that.
GLA
Should have waited, they’ll be cheaper :-)
Now wait a few months for fireworks
Stifffy Bristol.
10p and you can have all my shares....
Islandgirl - did you listen to the presentation? and read the RNS? looks like all the permitting processes (Italy and Spain) would be completed by year end. Either that or you can read it that Spain is to be sorted by year end which means Italy much sooner (as we knew the Spanish ones could take a little longer). if you looked at the presentations and information I posted below then the OPERATOR who imo is the key player here and who sorts it all out, are the ones saying that it would be Q1-Q3 this year for Italian permits. As recent as the 8th Feb.
So no, I don't believe the Italian permits will be that long at all. Let's see if Po Valley give any updates soon.
The news that Italian permits wont be hear till the year end is very disappointing and considering it was permit news that was meant to shift the price it looks like months of a static share price.
Doesn't even move on this great news. It does have one thinking what am I missing. Maybe something is wrong after all. People worried still that he'll raise for a new asset? Permits in Italy not going to be forthcoming? Any volume just gets sold into.
How many would be happy to be bought out at 10p?
Maybe it'll be double the market cap when it's sold
Strange thing to say really only 2x, if it stayed where it was with TTFs at 30 its on a prospective PE of 5 at the moment. If as he states 8 more wells equals c400% more yield then at a PE of 5 its worth/ your looking at 26-27p.
All your crowd think its worth Quadruple MK cap already!!!!
Mark also stated:
""We can grow company way beyond double the valuation of the company"
2nd July 2023: Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
---> Italy permits Q1 2024 (also in presentation https://prospex.energy/wp-content/uploads/2023/07/PXEN-Corporate-Presentation-Q3-2023_v11.pdf However here i am sure I saw a more recent presentation with Q1-Q2 timeline).
9th Feb 2024 Po Valley https://wcsecure.weblink.com.au/pdf/PVE/02771027.pdf
---> Slide states Q1-Q3 for permitting for drilling for Italy - UNCHANGED since Sept 23 presentation: https://wcsecure.weblink.com.au/pdf/PVE/02708235.pdf Q1-Q3
27th March 2024: https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
---> 8min55s "... and that cash is accumulating in order to fund the 3 wells that we want to drill in italy and the 5 wells that are going through the permitting process in Spain. These wells will increase the production several times over and they should be producing and I hope before the 18months as I said earlier. It does take time to get these permits in place and the permitting process is hopefully should be completed at least by year end if not a bit before."
Additional question is if all 3 Italian permits arrive on the same day or if this spread of time is to assess and confirm each permit as standalone (imo more likely and better for our drilling program).
GLA
Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
Mark said early 2024 for permits.Funnily enough from 9mins...timelines have kinda slipped if hes talking 6months later now
Yes, very good news!
For BOTH Spain AND Italy (as it was not specific and the use of the words 'permitting process' was only mentioned in the case of Spain specifically... Grammar wasn't so good or clear but i tak ethat to mean both sets of permitting because that was the semantic field, it wasn't split out to IT and ES.
Therefore IT likely much, much sooner as we otherwise have already been updated with RE most recent presentation.
Good news that Spain will be completed by year end!