Member Info for Stiffybristol

They have 2 billion £ worth of Gas in the ground without Tesorillo which has £8B at best estimate.

Current MK Cap is £13M.

Silly cheap at under 10p

Getting packaged to sell to a good home.

Do the Maths yourself, but £100M is 20p per share.

Maybe a few selling to raise money to take up the CLN.

Sell at 2.75p take CLN with 12% int converts at 3p. Puts money into the company.

If CLN completes, Prospex fully funded.Probably only really needs to 50% complete.

The company will be sold fairly quickly when the permits land and the money distributed to shareholders. £100M = 20p.

It has 37% of Selva currently producing c £4M nett profit will be £12-16M per year after drills prob early.

El Rom prob farm out JV so will likely be 50% equal to £10-13M per year after drills.

Viura 7.25% currently about £8M after drills in 2026 £15-20M. per year.... So close to £40M profits per year Must be £100M value (more like 160M)

Value of Poland?

Value of Tessorillo? both these could be transferred into a UK ltd company for a £1 and shareholding mirrored if nobody wants to pay appropriate money.

A lot will exit Prospex at 6p thats pretty clear but you do need to understand the real value is around 40p and the new CEO has a clear mandate that it is to grow the assets of the company with get the company sold.

Welcome to AIM. Chipsta. You can make big gains and lose big.

As it stands Gunsynd is in the best position it has ever been with several huge potential projects.

The share price should rise, it should be a 1p at least.

Chipsta. Gunsynd is an investment company. It might own 100% of permits but it will likely farm out when it has the geological information.

Richmond Hill versus Gunsynd. Well Richmond Hill MKcap £10M v Gunsynd £2.

If Richmond Hills Mk cap is correct then Gunsynd should be £150M

The comparisons of these two companies defies gravity!

Not owed £8M.

In basic terms the assets are doing this;

Selva: currentlly producing about 4M to Prospex with 1 producing well. 4 more drills planned/Seismics being done now. Late 2026 will need about 3M to fund the 37% costs of drilling. Income between 15-20M depending on TTF.

El Rom; 1 well not being used but coming to end of life (maybe 1 or 2 more years left) 5 new wells that need permits (c150 days) then drilled and linked to sell the gas. 2 wells to connect to electricity. Owns the power station 100%. Funding will be via a farm out, so Prospex will not need funds but will dilute.

Tessorillo; Owned 100%, change of government and stance would open this to £1B worth of gas. Spain buying in gas atm when it has its own is stupid but lots of govs doing silly things.

Poland; Early stage of geological studies, low cost, permit applications, will be farm outs and dilution no real cost to Prospex.

Viura; Is producing £8-10M per year on its 1 well. The income is held in the account to pay for the permitted wells, so this is Prospex share of the costs. The wells are deep and expensive but should triple the revenue.

Short term there is not much cash, but not much debt in fact none until this CLN.

So those are the facts. MK cap £9M Actually producing £12M (8 into a holding account). When all the drills are producing you have an income of £40M without Tess or Poland. As an investment company it should not need lots of costs, it is not an operator, it just needs someone to count the money until such time as it is sold or buys back its own share or pays a dividend. IMO it needs to NOLONGER GROW and concentrate purely developing WHAT IT CURRENTLY HAS. MARK ROUTH growing the company will keep the share price LOW, so I think it needs a new broom to simplfy the direction and realise that a £40M producer is going to be worth £160M to sell. YOU DO THE MATHS but nothing has changed. The company could realise 35-40p per year (perhaps more) or just sit there and pay 5-6p per year with a share buy back at 25p in place. I dont think Mark Routh would survive another vote. Just said the wrong words at the wrong time and taking the bonus and then a raise sealed his fate. At the moment the share price is silly, but it was silly at 8p. I would be very surprised if the share was not one of the top tips for 2026 but yes we all said that last year. ONE OTHER FACT is the company has more assetts NOW than ever and the crystalisation of those is nearer. Not everything is MR fault, he has been unlucky, but plenty of football managers lose their jobs on results and with an investment company the result is the share price. Could move very quickyly back to 4.5p with a new man/plan.

Nothing like that Lord. Selva is producing at steady rates, Viura the same, think there is one more year that money is locked in for the drilling costs (their 7.5%) then that money plus the money from the two new wells will be flowing straight into the bank, probably 20M per year. The Viura problem set things back 6 months. EL Rom is not producing but it will. 5 new wells/farm outs are all likely, not sure of drill costs but they are very shallow low risk wells. It would be nice to develop organically using money from one to pay drill costs for another but permitting is not in anyones control.

Nothing actually wrong with the company.

Generating 12M per year (albiet 8M going into Viura this year to pay for drill costs)

Waiting for Italian Permits x 4

Waiting for 5 Spanish Permits (likely farm out)

Poland early stage of permitting (likely farm out)

OPex costs c£2M without abnormals

MARKET LOOKING FOR THE DEPARTURE OF MARK ROUTH who is not aligned with shareholder interests.

Remember this company is earning £30-40M per year when the wells are live(two years) In the right hands, it could be sold or just pay 5p a year dividend. Company does not need to GROW anymore IMO

Market Leak? Placing price of new shares?

Lord - You are seeing it right.

11 wells to drill.

2 farmouts so no cost to Prospex on 5. Viura pair are covered, 4 Italian ones might be £4M but thats 2027 so revenuree streams should be ok.

It gets interesting with 11 new wells. Income is circa £40M . Somebody will buy that at 4x so circa 40p per share.

Remember Tessorillo sends the share price through the roof with a permit. Poland still unknown but all in for free.

Patience. I am waiting on a house sale if the price stays here i am a big buyer. Assetts are too good though needs a board change now.

If he did a placing now he would get crucified, don't think he would be that stupid with everyone against him.

Remember that these 5 wells plus the 4 Italian and 2 at Viura will significantly increase the gas revenues and Prospex would be looking at £40M profit per year without Poland. There will be two farm outs, some drilling money may be needed but whats a company making £40M worth. Just look at todays MK cap.

If it 10 bagged from here there is always upside with Poland and with El Rom permits they can concentrate on getting Tessorillo after all why would Spain buy Russian Gas when it has its own. An application for Tessorillo will get support, it may take time but they own 100%. I would hazard a guess if they sold this it would be for much more than tpdays MK cap. There is a £1,000,000,000 of Gas there.it would take Prospex to £1 easy.

EL Rom permits could fall any day. If and when, then the drilling for the multiple wells will be via a farm out, so no funds will be required for that. The dilution will be in the Tarba asset but that was always expected. Viura is self funding, money is retained to that account for the drills which have been put back so the lost income with Viura out of action has not impacted the future drill costs. Selva Malvezzi will need money in late 2026 probably £4M. Selva should make around that amount, so with El Rom covering run costs, funding will be fairly light and hopefully a strike price multiples of todays price. We are then talking 11 NEW producing wells so 14 banging out gas. Quadruple income on the gas incomes but not a lot more on the overheads front. Poland will be a cost, upside and permitting will be another farm out.

Still buying at these levels. 22M AU is about £11M so PXENs 37% will be c £4M, equivilant to about 1 years income. I am not sure if both PVe & Prospex are stashing the drill money together, if so Kev Bailey stated that they are 60% covered with cash if thats the same then PXEN need to find c£1.8M to have the drills fully funded. Viura back on line is not really yielding money to PXEN because of repayments and 2026 drills there. Of course in 2-3 years you will have Selva producing about £14M nett to Prospex and Viura the same, company run costs might get to £3M but there is a lot left in the coffers. Poland could be megabucks and could be de-risked with farm outs. EL Rom permits are due fairly soon and that will involve a likely farmout but still net £6-8M per year so realistically without Poland you will have a company earning £30M and huge upside with Poland. DO THE MATHS with a company making £30,000,000 as to its value, gas co's probably trade at a 6-8 multiple depending on seismics but these wells are new so maybe more. Tesorillo is a game changer if Spain decide they want to use their own gas rather than buy it from another country, see even the Span Gov are stupid thinking they are being green! 30M x 10 = £300M so equal to 67p per share if they get bought out!

Farm outs are the best way to mitigate and de-risk the drilling programmes. I think they will only look to raise further funds in excess off the warrant and option strik prices so 0.25p +. It is in the interests of the directors that their options and warrants are well in the money, so dilutions sub 0.2p is bad business for them. I think they may well have more than £1M in cash atm. A Farm out would give the market an ideal price (that someone has paid) for a stake in each project and whilst they may not then own 100% a 25% farm out at 5MCAD would give an indication of its value to the market. Circa 0.65p alone for this project. The others would still be 100% owned.

This has slipped back 30% because 1911 has fallen 40%. GUN already disposed of 1911. Hard to know the exact values of these minerals as the quantities are unknown. Remember GUN acquired these hundreds of hectares of prospective mining for a tiny fraction of others. The test drills have reinforced the view that these areas represent very close to the results of other mining areas that are MK cap 100x more than Gunsynd. Other knowns are the USA Gov want these rare metals they may have to buy or make offers for these companies. Factor a £2M Mk cap with £1.3M cash and Lowe (£250k) Richmond (£250k) aberden (£150K) Black S (£250k).... DO YOUR OWN MATHS. That puts the three prospective areas in for zero and it is the area the company is now concentrating on. A Mk cap of just £30M is 2p per share, A USA Gov bid could easily be at £200m equivilant of 14p per share, an upside of 100x is more than a faint possibility and a more likely scenario than the share price rising by normal market forces.

Its only Monday, everything has been pretty much BUY so its only a Q of time before the MMs get short of stock. Its a 40p share with all the permits in place and some farm outs. The company will be making close to todays Market Cap....and then there is Poland!

Yes Flow rates are up 30% from before so this will be worth well over £1 m a month alone when its back in full swing.

Share price still crazy low considering the news. Very few sells should take a run to 7 fairly quick (without any more news)

Gunsynds value is better by £95,000 with 1911 up 0.19CAD just today. Value is £1,318,333 alone, equivilant of about 0.1p.

Everyone should have a Million of these and sell half on a double!