Member Info for Stiffybristol

The good news is that if there was bad news we would have seen a RNS by now. Gas to BP starts April 1st.

With the Italian and Spanish projects producing with low costs and being conservative that should reflect about £7M profit, so on a prospective P/E of 7 that equals 17p.

You do your own sums what you think the other things are worth.

The one well alone in Italy is worth £40,000,000 to Prospex, and could be a lot more.
You down graded from 5p to 4p because more shares would be in issue when the 12.25p options were converted. They obviously would not be converted if the shares were 5p so your reason to down grade your price was a stupid one.
Spain is delivery at 3,000,000 profit per year.
Spain has other potentials. Italy has lots of other potentials. New Billion pound partners in the Italian project could jet this share price to 50p overnight, possibly double that if some of the unknowns become knowns.
Realistic price is 20p.
10p is a bargain, I have been adding sub 14p
At 5p I will add enough to become another TR1 holder.

I think Gas will come before new ATH. It is probably less than 4 weeks away.
The Warrego deal is done* Po Valley share price is up* But it just goes to show how a big seller can depress the price, it makes no difference if the company is sound in fact it just offers an opportunity to buy more at a bargain price but it certainly can scare some people.

Very surprised we have not seen a TR1 with the big volume. I can only think it was a balance of sellers from the CLNs that have not decreased their holdings by a per cent. Or even someone mopping up stock to go past 3%. Maybe it will come 5,568,300 of sales on March 2nd.

Always been traders in this stock, there will always be highs and lows the path has always been like a cardiogram. Its not a bad thing. I bought and sold a lot in the early days, sold at 2.01p. When the company turned round it became a different reason. Bought 5 lots on 'dip' 14.4 - 12.9 - 12.2 - 11 - 12.8.

If there was a material issue that affected Prospex I think we would have heard about it by now via an RNS. The company itself can do nothing about share price fluctuations.

Still looks to me like somebody that has to get rid of a lot of stock as mostly the trades are BUYS, until he has finished things will remain depressed. Its a shame there were no big moppers at 15p, of course there may be at this lower level.

https://audioboom.com/posts/8247460-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen
Anyone with itchy feet should just listen to this podcast posted just 9 days ago. If you spend the 12 minutes and still think this is a dog then you must simply not believe Mark Routh.
This podcast says.
currently Spain makes to prospex 100K per month that can triple when they go to full capacity tripling with the current infrastructure, it can 5 fold from now and that excess gas can be sold into the grid.
Italy is between 400 and 700k to Prospex per month. 10M per year very achievable and 15-20M annual profits possible when the other Selva fields are developed, one is three times bigger than the present one. Solar farm being developed as we speak. Tessorillo is the field in Spain that may not obtain a permit but if it does you can add another 10p to the share price. (not mentioned in the podcast). The Warrego situation is mentioned (M Routh is also on the board), read into that what you want but Han**** are big players in Australia, it just depends if they want a 'tiny investment for them in Spain' 'a bigger one or just happy to sell in which case Prospex may buy.
So if everything goes right, you could make a case for £1 a share, but that wont be tomorrow.

Spain via Tarba is producing Electric at c £300,000 per month. c 50%
Italy starts in 2 or 3 weeks, should be around £800,000 per month c 37%

Unless you know something differently about Italy

It is either just a case of a big seller that needs to sell, so nothing really to worry about or there is bad news from Italy.
GregPeck was probably a sand castle kicker as a child and has been talking these down for a long time, he does not understand the company or how the stock market works. Warrants were issued when the share price was very low, they are not coming back to haunt at all. Prospex are a producing company, it not a dog though it was about 5 years ago and has been turned around.
Fundamentals are this company looks set to make around 10M per year with the current set up so a PE of 5 values the company at 50M, with the other possibles a 100M plus Mkcap is very likely. 100M equals about 36p a share, though I think 20p is a fair price at the moment.

Share prices are based primarily on supply and demand. There is obviously a big seller that needs money, it does not mean anything is wrong. Somebody cashed their warrants and want to take profit. Most trades are buys but there is obviously a big seller for a variety of possible reasons. This dip seems to happen when warrants are exercised. The seller is just selling from 3p to ?p When you have big amounts you can't always sale them in one go. I bought another 32212 for my daughter yesterday.

I like Mark Routh's straightforward talking. As it stands Prospex could fairly easily make £10M per year and if some other wells come in it could easily multiple. £10M probably means £100M Mk cp which equates to 35p per share. That is a great podcast explaining the Spanish and Italian short, medium and long term situations and the possibles if Warrego want to sale Tarba (Spain). Even vague talks of a dividend!
I still think there will be a lot of profit taking when Prospex hits 20p again that is only natural, unless there is exceptional news, so it might not make too much headway north for a bit. Hopefully I am wrong!

I think a lot of people have 20p as their selling bar. Shares are for selling as well as buying. Many people have made a lot of money out of Prospex so they are just doing what is natural. Clearly the share price wants to move into the 20s.

They think there are 15 years reserves there.

https://reachmarkets.com.au/webcast/the-insider-meet-the-ceos-8th-february/

Might hover around 20p for a while as I think 20p will be an exit price for many who have made a profit. Was going to be mine as well but my new exit price is £1.Hope I am wrong.

Reckon that will be someone swapping those shares from one account to another, could even be from one TR1 hoder to another.

Still a Bed and breakfast type transaction. its an in-out.

Look a bed and breakfast deal. Nothing to be excited about.

Might not be their choice. It might have to be a paper deal. Just unknown atm.

This last week has seen quite a battle at Warrego Energy, the Australian based co-owner with Prospex for the Spanish Assetts. Warrego now has THREE different bidders and the price is up to 0.28 AUSD...up about 0.07 this week.
Han**** is the new bidder. Their bid is more (cash) but does not include any extra payments for Tarba. It is unknown if Han**** would keep Tarba or move on .
Mark Routh is a director of Warrego and Prospex, but has said Prospex could be in a position to buy the Spanish Assetts to acquire 100%.
Prospex curr mk cp must be about £33M after today. It is easy to see how Prospex could be worth £100M if they can acquire the other 51% and Tesorillo is succesfull. If the adjancent Italian wells are good then its £200M easy, even with a dilution of another 200M Shares. Thats 40p per share, with no dilution its 75p.
Some interesting big block buying today.