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Maybe it's me and small cap investing isn't for you.
Plant Power is Theyknowitall = wrong......anyhow, I've told you twice now.
Not much on offer at 6p into close - good to hold this area and build again.
A chunky monkey hiding in plain sight...
If you haven't worked it out, small cap investing isn't for you.
There is a chunky seller that persists here. They either started or resumed on Monday. Blocks of 300k, 200k or 150k for the last 3 days. Being ramped and sold into perhaps?
What are you smoking StarBright? Fairly sure it's a class A
A story relates how monkeys are captured by putting large nuts into a bottle with an opening just big enough for a monkey's hand, and tying the bottle to a tree.
A curious monkey comes along and notices the nuts in the bottle, reaches in to grab a nut. With a fist around its prize, the monkey finds itself unable to pull its hand out of the bottle’s narrow opening to go free.
To go free, the monkey would have to open its fist and release the nut. But to relinquish its prize--even temporarily--is something the monkey cannot bring itself to do.
So the monkey, trapped by its own desires, clings to a nut until hunters come along to throw a net over it and take the monkey captive.
Well done you got your first bag in Superdry. Can we move on now.
I’m not daft - or buying and selling for pennies as you’ve repeatedly declared.
Exit strategy = liquidity event.
That’s wealth creation 👍
I wish I was James Simmons with his holding!
Only circa 8m shares here 😎😎😎
More technical strength commentary:
- "RSI 1st time over 50 on weekly since March '23"
- "Price 1st time above 30wma since March '23"
- "March '23 downtrend broken"
https://x.com/mbdaytrading/status/1754850064084718054?s=52
Looking strong again - expect this starts to run back to 7p+.
Cheap - while fundamentals and technicals looking ace.
Great volume again yesterday.
Spanish and Italy updates expected soon 🔜 on permits, whilst both already producing cash.
DEBT FREE / NO WARRANTS 👍👍🌱
https://twitter.com/TKIA_1/status/1754600570566951381
As technical folk point out - still above 8, 21 and 50 ma, so bullish technically right now.
Worth remembering in just 2 more months PXEN will have between £3m to £3.5m cash (expect upper end) in the bank 🏦
39% per TR1 / Board share register officially accounted for - reckon closer to 50% based on wider knowledge of holders.
At some stage stock will dry up and this goes.
Https://investingstrategy.co.uk/stock-tips/the-buyout-targets-of-2024/
PXEN — cash generative, European, grid connection. It’s just cheap and won’t last at this valuation for long. Someone will take notice.
And you
You just never know in this game
Er Superdry is long term is it?
Remember and tell us about your losses too though
This is being traded by a concert party IMO. When they get a whiff that serious news is due they'll load up and let it go.
Good news does nothing for the share price apparently.
New VSA Capital research note out. I don't have a registration account though.
https://www.vsacapital.com/vsa-capital-research-portal#/portal/vsa-capital/uid/abc
Research 928
VSA Capital Daily Flow Test 01/02/24 (Prospex)
Prospex Energy Plc
Prospex Energy (PXEN LN), following a quarterly update from its ASX-listed operating partner Po Vallley Energy (PVE AU), has provided additional detail on the performance of its Italian operations. The recent operational update demonstrated the strong progress in the ramp up and testing phase which, post period end, is enabling production to be increased to 78,000-80,000scmd, against testing ranges in Q4 2023 of between 42,000-62,000scmd.
Date:01 Feb 24Analyst:Oliver O’DonnellPages:3 pages
Well that was exciting for one day. Back to normality. Let's hope it can sustain a rise for longer next time. Still holding from 8.5p. I thought that was a bargain at the time for a cash generating business.
Very hard to call that huge trade one way or the other
There won't be any drilling in Italy till Q4 according to MR but who knows as timelines always seem to stretch out in Italy.The permits were supposed to be granted by now.
As for being bought out.We are an investment company so more likely to be offered money for a particular asset not the company
Strong production going forwards = SP re-rate
or
Low Mcap = Buyout target.
Either works, but the sizzle is coming back....
While the share price performance at @ProspexEnergy remains mysteriously frustrating, it can be seen that #PXEN continues to make significant operational progress. Presumably, the nearer we get to production at Selva 🇮🇹 the better the prospect of a fair re-rate for the stock @ZaksTradersCafe https://twitter.com/Share_Talk/status/1752675284770288019
https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-wednesday-31st-january-2024/