RE: Sign of things to come1 Nov 2024 15:33
I found it hard to understand the downward pricing today (5.6p to sell at one point) with so many buys. It even looks as if someone is building a stake. Fundamentals are. Prospex are on a prospective PE of 2 with TTFs @ 42. At a realistic 10 its a fivefold to 30p. That's not counting the Spanish triple at El Romm, Tesso, or the Italian drills or the Poland project which would more likely see Prospex farming out for development costs but running the gas for free. Anyway I added 130,000 at 6.1 while the price was south. I think it easily get written up about in tip sheets and papers. Lot of traders in this so a lot of sellers at 8 9 10p after all shares are for selling as well as buying.