Member Info for Stiffybristol

More likely is he has sold another 2,000,000 since Monday, so now holds 6,000,000. The big sells this week will be mainly his. Shame he could not arrange a placing for them. I am sure Mark Routh would be happy to pick up 5 million at 10p, but he can't under the rules until the full year accounts are out.

You honestly talk at 180 degrees to the truth. I don't know how much you have risked but some of the bigger holders are in for a million pounds. It is basically one person perhaps two selling and he has admitted he is forced to sale. All companies will have a few people with declarable interests (3% or more). 66% of Prospex are out there for the general public. probably there are a dozen people between 1 and 3%. Unless there is bad news which none of us know about there is nothing to worry about regarding the company. Short prices of all AIM stocks are very controlled by supply and demand and it is reason why most shares trade between a 100% range on smaller markets. You just got unlucky and bought at the top. I have every confidence in you that you will get rid of them as soon as they touch your buy price and then continue to bleat when Prospex hits the 30s. Maybe you should quit investing and take up drinking or something.

The big seller is still there.

Yeah they could easily jump 3 or 4p in one go now on news. It was really just one forced seller that took the price down along with some frightened people and perhaps a few that bought in above 14p. There will be new buyers from the 8p low that will be happy to sell out at 12p and TRADE with a 50% profit in a few weeks and nothing wrong in that. Shares are selling as well as buying. It was always a share that wanted to go up on fundamentals. The RNS today might not overly affect those fundamentals but it does mean someone new is joining to strengthen up the board in other directions and that person would not be joining if there was any bad news on the horizon. Moving nicely to 12p and maybe add a couple of more next week when it starts pumping.

Its gone up a penny, its no big deal. If seller pops another 1,000,000 back in it will fall back again.

RNS is likely Monday 24th April. Unless there is a TR1 change RNS (which I would have thought is due)

Its good to watch this again. As Mark says for a 50M Mk cp company the cash getting generated is impressive. We are now at just over 40% of that 50Mk cap, so 2 and a half times better!
Three more wells getting drilled - Tessorillo as he says is the big game changer, get that AND, price should be closer to a £1 rather 50p, that is an IF though.
Price should be between 16p-24p in my opinion at the moment. 7.5p is a steal.

He might need to prop his company up. It could be anyone you never know when you might need money. It could be me needing to sale I am in a project that is running behind and with bad weather I could do with £200-£300k, if I sold I lose 500k from the top price and the price I think they are really worth. It does not mean he/or anyone wants to sale and no reflection on the company, sometimes you just need money.

It is a big shareholder that has been forced to sale his shares to support his other business. He does not want too but is forced. Could happen to anybody. Fundamentally nothing wrong with the company since the shares hit 20.4p. Great opportunity to buy, not so good if you bought at 20p and need to get out.

Think there should be another TR1 coming. Nothing wrong with company but the price won't be going up when there is 1,000,000 on offer every day

Looking on the bright side, many of us have taken the fall back in share price to add to our holdings. How many here have done so? If I had some spare money at the moment I would be adding at this crazy price, part of me wants the price to stay low for when I have some extra cash. £7M profits and a PE of 7 equals 49M mk cap which equals 17p per share without anything added in for other wells. Add those and its probably 30p possible 50p, Add Tessorillo and its 50p-80p.

Setanta: You have got things completely wrong unless there is an unknown to everybody here as the reason the sp dropped. The prospects for Prospex are exactly the same as when the price was at its peak 8 weeks ago, no fundamentals have changed except a slight dip in energy prices (was forecast) and futures that look rosier.
Having no real big shareholder is a good thing. Having half a dozen TR1 holders is a good thing. There are also a lot on here that have between 1% and 3%, thats another good thing, I started buying ay 1.94 but kept buying as low as 1.39, I still buy at 14.4p, that is because the company is a lot better now that it was when it was 2p, other holders are doing the same. We will all sale our shares at some stage, perhaps as we need the money in an ordely way but you never know whats around the corner and why someone might be forced to sale. Mark Routh might only have a small holding but with his options he has a decent one, another good thing. If I was you I would buy more because they are worth 20p, that is fair value at the moment or just get out of investing in AIM stocks all together because ups and downs do happen, many AIM stocks have 50% fall or rises in any one year, timing is the key, you just got that wrong. I do think you are right though and there will be steady sellers now from 12p to 20p or until there is NEW NEWS on the other wells. Just remember they will be pretty cash rich for a 50M Mkcap company, with no debt, low overheads and good PROSPEX and a 50M Mk cap equals about 17.5p.

I don't think 'you' should really invest your money in AIM shares or small caps. Prices are often volatile and depend on supply and demand, so fundamental happenings may not accelerate the price. Presently a big seller and probably some CLN and warrant conversions has put lots of stock in the hands of the MMs. You bought on a high that you expected to go higher. In time I am sure it will but you bought at the top of a wave that 'you' thought was going to go higher. 20p is the price for Prospex when they are pumping in Italy, that equals a Mk cp of £55M. You have been unlucky that the seller emerged just after you bought. There is always luck with timings rarely will anyone buy at the lowest ever possible price and sale at the very highest peak. For me I felt at sub 15p they were a buy again, it fell further than I thought but I did kept saying we should have had a TR1.
Fundamentals. Fundamentals. Fundamentals.
I don't think there are secrets other than the directors knowing of the potentials and probables of the wells and fields already described. One employee bought 8M at 14p I think, so he/she will be close to TR1 territory. I like to see directors increase their holdings to me they buy because they know more and they know the share is undervalued, but there are rules and it may be directors can't buy in certain periods, we are 3 months from an end of year so I expect they know the figures and are in a closed period where they can't deal, probably as accounts are released they can again buy I am not up to date on the exact rules.
You just have to decide if Prospex are cheap at 9p. You need to allow time. I don't think you will lose within a year from now. Prospex is/has been a good trading share, its very liquid and fluctuates enough you can go in and out. understand the company, understand fair values. I always intended to get out at 6p, then things changed and I raised my level to 12 and quickly 16, when it jumped past it looked like racing ahead (about when you bought) but fundamentally fair price atm is 20p. It was the third best share to own in 2022.

No one really knows, its basically one distressed seller of a large volume then many got worried by the drop. Buys v Sells are like 80-20. Fundamentals are unchanged. If you thought about buying at 20p you should not take long deciding to buy at 8.5p.

That RNS will inspire confidence, the people that know it all know the shares are cheap at this price, fundamentals are good, time for the shorters to board the bus again if they wait they will miss it.

Looks to have stabilised with just the 1 sale today. Unless there is a barrage of late trades this might just be the end of the big seller and the following tourists. Sadly a lot of damage has been done by the fear as the fundamentals remain the same.2 producers producing profits c £7M ( value) with a prospective p/e of 5 35MCapacity at both to easily double probably quadruple and possibly ten fold (lets put that a just 10M)A further possible permit (Tessorillo) that could be worth 20-50p per share (poss zero -70M-150M)A possible bidder with billions looking for energy assetts (value zero)so 45M equals 15.5p per share

People that added in the 'big dip' will be looking back and thinking ...that actually made me another£££££ in a couple of months time. I can't really see a sell in this mornings few red..those look buys and the 99870 is a buy.

No not part of telegram group. Would like to be.

https://www.********************1391592791640935

I have made a Facebook group PROSPEX ENERGY if anyone wants to join. Some things cant be said on here. Its open at the moment but will make it a private group soon.
Adrian

By Law you have to make a declaration as a TR1 holder if your status changes after 3% holding, equal to about 9,000,000 Shares, if you cross to 12,000,000 you make a further declaration and every 1% therefafter. The same is true in reverse.

So as there are NO TR1 declarations. It can't be that. It could someone/more than 1 that has sold the CLN and/or excercised their warrants wherby their percentage status has not crossed a threshold.

There has been no RNS about any bad news so everything is materially status quo. If the GAS in Italy was suddenly lemonade we would have heard about it. There would have to be a statement made by the company that it is lemonade and not gas.

As a company Prospex can't control the share price or make statements as to why other than state facts. As it stands in 10 days time they are selling gas to BP.