Member Info for Stiffybristol

Yes I agree the good outweighs the bad,.

i sland girl - i dont know what they are chanting in the telegram group, but admin costs for the year at £1.3m is a lot of money for what is an investment company. the new director getting 23k might not be much but its hard to see what he is doing likewise, if its treadwater waiting for permits and the operator does the work there is not a lot for the prospex directors to do. £460k in wages is a lot to trash away, then there is cost of aim which will be £500k. wages need to be trimmed if just waiting. my fear is that they will buy something and there will be a fundraise at this rat**** price, and then a big dilution. that would show what the board really think of the shareholders. the market has obviously digested the results as slightly boring.

So you 'tip' Prospex at 5.5p. it rises to 6.25p and falls back a week later to 5.8p and you want to be the new Messiah.

At some stage it will have another little run up to 6.25p. YOU HEARD IT FIRST FROM STIFFYBRISTOL

I am old, fat and eat a lot of dinners so you probably have that wrong.

Prospex share price will rise when it gets the permissions for more wells, that enables it to earn more money. That NEWS could come any day hence the value of a chart is zero. If you follow a share and know its real value you now when its at its cheapest.

Charts are for Charlies. Facts and Fundamentals are what matter. In that regard Prospex is still strong.

Yes, some of our posters are too optimistic. I got kicked out of the Telegram group for not chanting the same hype. Profits absorbed by admin costs of £1.2M. No where near as much cash in the coffers as some said. They will have more cash since these results but not the amount some on here say they have. Yet another I told you so.

Overall the company is still good, this is all about production of the other wells with the infrastructure PAID. Red tape and Time but I am sure it will get there.

RNS will probably will come out late today. We know what is in it so there will be no dramatic price movement. Last quarter was the standard boring money bank of around £250,000 per month.

Suits me.

They dont have £1,300,000 in cash.

Further. A month ago they raised c £240,000 via sales of shares (inc Rincon) so it looks like they have something to invest in.

I think this is the problem, they only hv 4,000,000 Rincon.

7,065,812 were sold at A.04 a few weeks ago.

Remember Aus Dollars and Sterling as well

Don't really know what's happened here but maybe GUN shot up on the strength of Rincon to 0.23p and then with further research those people realised that GUN had already sold quite a few and those same buyers just dumped them. Back to 0.13p. Tempted to buy them all back!

I have sold, but will watch now as either something special happens / they fall back to 0.13. GLA

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!!!!