Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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/
The beauty is PXEN own 2 onshore assets in low costs regions (Italy and Spain) with infrastructure and plan build out and paid for, local connections to grids (1 of only 4 in Spain available) and with large organic growth potential.
Both assets now producing - and that production revenue can be used to further developing assets without need to dilute shareholders and raise more funds.
Additionally, Selva we have already been granted permission for entire field, but operator just needs individual well permits approved - which seems highly likely considering overall concession award.
Each well will be self-funded - plan to drill next 2 wells off same pad - and these will add multiples to current revenue in relatively short timeframe.
Spain - expect news soon, I cannot see the status quo to continue, and a solution to unblocking the green permit path will be found.
Considering mcap - these are very exciting times, and a bonafide investment with little downside but large upside.
Debt free / Warrant free / Cash producing / Additional permit approvals in short-term.
Either way I looked at it, is possibly divi paying company or like you said a buyout if further wells get developed then no reason this couldn’t be valued at 100M MCAP, with debt free and cash flow but that is just my opinion.
Yeah that’s what I was thinking but at the moment looks like very good long term hold
Yes in my view, but not for several yrs until field devt plan is delivered creating additional secure income streams
No question should be treated as stupid. As this is an investment business my personal opinion is that profits will be reinvested in field development and acquisitions until such time as a buyer comes along with an appropriate offer for the company..
DYOR
This might be a stupid question but long term, if everything goes right could PXEN be a divi paying company?
Fundamentals look good, market cap only £20m, revenue from field confirmed at circa 650k per quarter, even at current low gas prices, so annual revenue 2.6m with balance of gas price risk probably on upside. Future field devt potential being worked up….feels good off current SP to me, let’s see where market takes it, gla
Hard to get to excited when the share price is so low especially when it was four times this when we weren't even producing.
Looking forward to the buy when on offer,NT to buy chat
Good to see but gee it takes so long to get permits.Have almost given up on the Spainish ones but expecting the Italian ones any day now.
Nice!
Also says multiple tests were conducted RE debris and so on and nothing found hence ramp up to 78,000 scm/day - 80,000 scm/day. Solid £552k @FX 1.16 GBPEUR revenue net of production costs to PXEN. Not bad for a quarter's work!
As expected - Q4 production up from Q3 with 641k to PXEN bank account, but rate intentionally kept just under 10mln scms so 10% tax avoided. Very sensible.
Now production has been increased - no debt, cash in the bank, cash cow, permits pending across both assets.
Tide is turning - under 7p is still cheap.
https://wcsecure.weblink.com.au/clients/povalleyenergy/headline.aspx?headlineid=61192128
Another week of pumping gas
Wait, so you sold for 5.53 and now buying for 5.5? Was it really worth scalping the 0.03p?