Prospector maybe Growth stocks on Growth ratings. DEV Edtech stock with a MKT cap of £10M, cash flow neutral end October. Hardly on a commanding rating.
After the positive TLP-103C well results at the beginning of the year, the remainder of the review period and subsequently has been centred on drawing up a comprehensive forward plan to monetise the discovery in the Djeno at the earliest opportunity. With an operational team in place and a funding package finalised, the team is now concentrating on signing a rig contract for the sidetrack into the Djeno. The Company will provide further updates at the appropriate time.
Stock has been biassed to the downside since IPO in January.
Business is progressing and growing very well, unfortunately this strong progress cannot be transferred into a strong share price due the structure of the IPO a complete disaster.