Member Info for hamiltonbro

The spread here is ridiculous but it was similar at OMI when it was 2-3p and it hit nearly 20p a few months later last week.

Nai/DYOR

They’ve got a few different investments and £700k cash so £2m cap is too low for GUN. They went to 1.5p last week and are now under 1p again.

WSBN does look very good though I agree.

Nai/DYOR

Happy so far. Hoping for 10-15p short term.

Also been buying GUN as that has gone unnoticed but is in Aus gold also.

Nai/DYOR

It is in my opinion. Don’t think many know about PXEN but when it appears on the risers list and they realise the broker target is 43.7p then that will make them realise imho.

Nai/DYOR

Trades go through the two exchanges. Worth keeping an eye on both.

Nai/DYOR

Flybyboy, your trades will probably be here :

https://www.lse.co.uk/SharePrice.asp?shareprice=PXEN.GB.PL&share=Prospex-Energy-Plc

Nai/DYOR

For those that haven’t seen the broker note which gives a good overview of PXEN:

https://prospexoilandgas.com/pdf/prospex-energy-peterhouse-research.pdf

Page 4 gives a breakdown of assets and values them.

Core value is 9.6p and the RISKED target is 43.7p.

That is 22 x the current share price.

I wonder what the UNRISKED target would be.

Should get some news this month and people might realise the value on offer here, especially as it’s backed with NAV of multiples x the current sp also.

Nai/DYOR

The following was posted on a different PXEN bulletin board so it should be this month. Risked target price is over 40p per share so 2p could be classed as a bit of a joke to be honest..........

29 Sep '20 - 13:06 - 93 of 94
0 0 0
uog rns
the operator has now indicated that they anticipate final approval to be granted in October 2020

Italy

Our licences in Italy are located in the North of the country, close to the epicentre of the outbreak of Covid-19. This has had an understandable impact on the level of activity which has been possible in Italy and the speed at which decisions can be taken by governmental agencies.

In January 2020, the operator Po Valley Energy confirmed that they had received formal technical environmental approval from the Italian Environmental Ministry for the development of the Selva Gas field.

This approval from the technical committee at the Ministry is an important milestone in the environmental approval (EIA) process whereby the project development plan is reviewed in great detail. As a final step, the Environmental Minister must sign off on the technical committee's review report. The Italian Government has been focussed on Covid-19 legislation and European funding stimulus packages which has delayed domestic approvals; however, the operator has now indicated that they anticipate final approval to be granted in October 2020.

We now estimate that production will come on stream in 2021. The planned facilities will have the capacity to deal with c. 2Bcf per annum. (c. 875 boepd).

Ends

—————

Nai/DYOR

The last placings were done at 3p and 5p equivalent so plenty of upside before those are in the money.

Nai/DYOR

The 9.6p is CORE value (ie: NOW)

The 43.7p is RISKED upside. UNRISKED will be multiples of the RISKED VALUE !!

Please understand a broker note before replying.

2.4p to buy currently so lots of upside to play with.

Here is the broker note so you can see for yourselves....

https://prospexoilandgas.com/pdf/prospex-energy-peterhouse-research.pdf

Nai/DYOR

Rise is only just starting imho.

The broker has a ‘risked’ target of 43.7p as posted below and is on their website.

What is the ‘unrisked’ price ? Multiples of 43.7p probably.

Only 88m shares in issue hence the rise when people want shares.

Nai/DYOR

Basically buying the company for free around this sp considering the cash and investment.

Can’t see it hanging around down here when people cotton on.

Nai/DYOR

And they highlight the fact that after you allow for cash and the investment in POLY, you are getting the company basically for free.

Nai/DYOR

People will twig in sooner or later imho.

This guy isn’t getting involved just for a laugh.

My target remains 10p.

Nai/DYOR

Says NMS - Normal Market size is 150,000 shares ? Is that right ?

Mms would have to move up or fill an order up to that at the offer price should someone want some.

Nai/DYOR

They can’t say too much if they have signed a non disclosure contract with a certain company.

ORM have 1p per share of cash currently so they must see value way above that in this new opportunity.

If it’s good I wouldn’t rule out 3-5p here.

I see someone mentioned GWMO below. I was buying them at 0.1p when the talk on their thread was similar to this one.

Nai/DYOR

Can’t buy now online after 1 buy and 1 sell ?

Nai/DYOR

Actually just realised the 9.6p target could be classed as lower case as Peterhouse in their note say the following.....

“We have established a valuation for Prospex’s core interests in production from El Romeral, Selva and Bainet of 9.6p per share which covers the existing share price by a several multiples. This metric is augmented by our upside valuation of Prospex’s currently unfunded interests represented primarily by exploration and appraisal opportunities at Tesorillo and the wider Podere Gallina and Suceava permits. This lifts our fully risked assessment to approximately 43.7p per share.“

43.7p per share versus current 1.75p current buy price ???

: )

Link to the recent July 2020 full note here:

https://prospexoilandgas.com/pdf/prospex-energy-peterhouse-research.pdf

Nai/DYOR

When people cotton on to PXEN and it being a producer soon then this isn’t hanging around at £1.4m market cap.

Expect at least 5p by end 2020.

Nai/DYOR

No need to go on.

The minimum I expect here as an end game is 6p.

My target however is 10p.

My end 2020 target is 3p.

Nai/DYOR