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The results (loss) reflect the value of their investments. The NAV of the shares currently are about 0.35p so still 3 times the current share price. They still have cash and always trade their investments.
Probably Orders being filled.
£1.4 Mk cp now. TBH its a great gamble on a 10-20 bagger from here if MEN does what it says it can do. Will save a lot of money by coming off AIM with fees and regulation which should go to the bottom line. Much will depend on PL and how he wishes to restructure. He can make a bid to buy the shares much cheaper after the de-list. Most people are in this at a £1+. Very hard to buy even £1K worth atm.
The MK Cap at £2.5M is still tiny.
True Value with 12M shares is more like £2.50 per share.
Wonder how the voting is going. Is there anyone that would actually vote against the proposal? I am going to stay and back PL. I get where he's coming from.
I could see lots of AIM companies doing this with what has happened in the last year or so. Most companies on AIM are very undervalued, it often means shareholders lose money but the ****** and advisors to AIM make lots. £500,000 a year to be on AIM
How many would be happy to be bought out at 10p?
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!!!!
NOT A SHARE that is about charts. It has strong fundamentals and will change on the rubber stamping of permits in Italy and Spain. Charts will not tell you when.
TTFs back up to high 20s again which makes a big difference.
All AIM stocks are half the price the should be.
Ockerhillian aka lTHE SAND CASTLE KICKER states Prospex to be a DOG but its far from that, its an investment company banking £10,000 per day, run costs are probably £2,500 per day. That is with just the two producing wells.
I listened to this and found it useful to learn, it is a Morrocan based gas play, perhaps will use the pipe that flows Tessorillo. The CEO spoke well thought with passion, could be worth a lot in a few years with potential revenues of 90M per year for 10 years so they have some big fields.. Sim size mk cap to Prospex, sim ideas, they don't want to issue shares to dilute in this dire market. Anyway worth a listen.
https://www.investormeetcompany.com/sound-energy-plc/register-investor
Yes in outside hands. I think Permit News is the share mover not so much Drill News. Permit news could be tomorrow, could be ????? If the news came out tomorrow at 0700 I think this would be marked up to 9p-10p and could rise to15-16 quite quickly. It would just depend on the amount of one year holders that seize the opportunity to get out level and I think a lot will sell regardless of the future. Most people are traders, most holders of Prospex have paid more than the current price so will get nervous at share price rise. Patience is the key, its a good company, cheap atm and if Tessorillo clicks then its a tenfold.
Will be interesting to see if he continues to add.
Why are these 6p-6.5p and the new issue 2p-7p???? Are they not the same?
Government news can take forever, they said they hoped. Always better to say you will make a £1 and then make £1.25 than say you will make £10 and make £9.50
This share will move on PERMIT NEWS. Like many things in life definitive information is essential, permissions need to be in writing that will convince the market that Prospex is worth significantly more. Until then expect little movement unless TTF prices rise or there is exceptional other news. Sadly Plant Power can only see one direction and repeated statements that never happen do no good. you must take a balanced fair view. PP kicked me out of the Telegram group because I questioned his figures then called me an idiot. Plant Power and They Know it All are two different, both believe this is a very good company which I think it is too but they don't know at all and the continued buy now at 6p there are not many left on offer, the chart says breakout is very irrititating when its always not correct. Resorting to a crystal ball will convince everyone they really know nothin. Would be nice if PP and TKIA bought more themselves rather than ramp. Anyway I have bouht more this week because I think they are half price at 5.8p. With permit news they should put on another 5p and yes broker note says 20p. News yestersay that the Labour party have retracted green spending 'could' mean similar in Spain and IF there is a change in government thougt then that makes Tessorillo worth near a £1 a share to Prospex holders. So buy them if you think they are cheap not on the Crystal ball, chart break out or a ramper sayin it will fly and theres none left!
Why is the spread stupid? 2p to sell 7p to buy are these shares not the same as the Ordinarys?
Expected
The share price is all about PERMIT NEWS. 8 more wells currently seeking permits as soon as those get sanctioned (lots of red tape) the wells can be drilled and accessed into the existing infrastructure. Annual yield would likely be £15M profit, so the Mk cap is equal to a prospective PE of 1. If they get Tesorillo as well you can add another 60p to the share price. Broker notes reiterate at 20p. This is an easy double/triple bagger IMO. I reckon they have 2.5M cash atm, remember earnings were solid from Spain but Italy only kicked in half way.
Does not seem that much as gone wrong for this to fall from £1 to 2.5p? Could it go to zero?