Member Info for Stiffybristol

NOT A SHARE that is about charts. It has strong fundamentals and will change on the rubber stamping of permits in Italy and Spain. Charts will not tell you when.

TTFs back up to high 20s again which makes a big difference.

All AIM stocks are half the price the should be.

Ockerhillian aka lTHE SAND CASTLE KICKER states Prospex to be a DOG but its far from that, its an investment company banking £10,000 per day, run costs are probably £2,500 per day. That is with just the two producing wells.

I listened to this and found it useful to learn, it is a Morrocan based gas play, perhaps will use the pipe that flows Tessorillo. The CEO spoke well thought with passion, could be worth a lot in a few years with potential revenues of 90M per year for 10 years so they have some big fields.. Sim size mk cap to Prospex, sim ideas, they don't want to issue shares to dilute in this dire market. Anyway worth a listen.

https://www.investormeetcompany.com/sound-energy-plc/register-investor

Yes in outside hands. I think Permit News is the share mover not so much Drill News. Permit news could be tomorrow, could be ????? If the news came out tomorrow at 0700 I think this would be marked up to 9p-10p and could rise to15-16 quite quickly. It would just depend on the amount of one year holders that seize the opportunity to get out level and I think a lot will sell regardless of the future. Most people are traders, most holders of Prospex have paid more than the current price so will get nervous at share price rise. Patience is the key, its a good company, cheap atm and if Tessorillo clicks then its a tenfold.

Will be interesting to see if he continues to add.

Why are these 6p-6.5p and the new issue 2p-7p???? Are they not the same?

Government news can take forever, they said they hoped. Always better to say you will make a £1 and then make £1.25 than say you will make £10 and make £9.50

This share will move on PERMIT NEWS. Like many things in life definitive information is essential, permissions need to be in writing that will convince the market that Prospex is worth significantly more. Until then expect little movement unless TTF prices rise or there is exceptional other news. Sadly Plant Power can only see one direction and repeated statements that never happen do no good. you must take a balanced fair view. PP kicked me out of the Telegram group because I questioned his figures then called me an idiot. Plant Power and They Know it All are two different, both believe this is a very good company which I think it is too but they don't know at all and the continued buy now at 6p there are not many left on offer, the chart says breakout is very irrititating when its always not correct. Resorting to a crystal ball will convince everyone they really know nothin. Would be nice if PP and TKIA bought more themselves rather than ramp. Anyway I have bouht more this week because I think they are half price at 5.8p. With permit news they should put on another 5p and yes broker note says 20p. News yestersay that the Labour party have retracted green spending 'could' mean similar in Spain and IF there is a change in government thougt then that makes Tessorillo worth near a £1 a share to Prospex holders. So buy them if you think they are cheap not on the Crystal ball, chart break out or a ramper sayin it will fly and theres none left!

Why is the spread stupid? 2p to sell 7p to buy are these shares not the same as the Ordinarys?

Expected

The share price is all about PERMIT NEWS. 8 more wells currently seeking permits as soon as those get sanctioned (lots of red tape) the wells can be drilled and accessed into the existing infrastructure. Annual yield would likely be £15M profit, so the Mk cap is equal to a prospective PE of 1. If they get Tesorillo as well you can add another 60p to the share price. Broker notes reiterate at 20p. This is an easy double/triple bagger IMO. I reckon they have 2.5M cash atm, remember earnings were solid from Spain but Italy only kicked in half way.

Does not seem that much as gone wrong for this to fall from £1 to 2.5p? Could it go to zero?

Yes I agree. A few on here have got so much wrong. Most people are under water. Upside, Prospex is a good company it just needs the permit news to re-ignite the buyers and perhaps bring back the sellers who sold at 10p +.

Remember all the flack we gave Aidan for bailing out at 12p!!!!

Once they are holding £3M in cash then I think buying shares back would be a very wise move if the share price has not moved significantly.

That itself is another great sign to the market 'our shares are cheap'.

Ocker: You have posted a complete 180 to what Prospex is.

You clearly have done no research into the various upsides this has. With only TWO producing wells there are another DOZEN or more within the same zones, some of which are TEN TIMES AS BIG as the current producer. PLUS IT HAS TESSORILLO. If all comes good the value of everything would be closer to £500M. Tessorillo is more of a long shot and geared to the political fossil fuel issues.

Fundamentally it would be a company (depending on gas price and within the ongoing 12 months) would be earning between £5M and £9M. The Italian sites and the Spanish can triple from here (and much more) ...so you have an earning company with expansion prospects and upside of new wells all versus the current MK Cap. As of today a £35M mkcap is a steal and £70M would be a much fairer position with all things considered. With good well and permit news £200M would be a realistic two year view.

SO THE DESCRIPTION YOU POSTED IS EXACTLY what Prospex is not.

Its certainly not undervalued. Fair value would be between 12-18 at the moment.

In a normal year, (the 12 months from now) it would make 5M so at 20MK cap thats a PE of 4 ignorning the other things it has.

Currently there a two producing sites each with one producing well.

Both sites can be bigger. There are 15 other proven reserves, just needs the final permits, most can be connected to the existing grid. So there is plently of potential explosion in the share price.

Mk Cap Justification.

At 7p 20M Mk cap - profits in this year circa 3M so P/E of 7.

The main profit at todays prices would be £5M annually so a P/E of 4.

On the 2 producing sites Spain can triple, Italy could actually 10 fold over 3 years, (lets say a triple) so £20M is prospective without massive infrastructure costs or extra admin costs. That is a prospective P/E of 1 so on multiple of 10 thats 200M Mkcp = 55p a share.

There are about 15 possible wells with known reserves, many will go straight into the existing infrastructure. There is also Tessorillo which if it gets a permit might add a £1.

The above is based on today's current gas prices.

There is no need to take up an option until or close to the expiry date. At that point the 'option' can be exercised if the share price is above the option price or disregarded if the share can be bought at a lower price.

This is clear with the current CLNs. It is 100% obvious every note will be exercised at 4.25p when they can be redeemed in the market at 6.25p. As far as I can tell via the 'chat rooms' the remaining CLN convertors are going to be long term holders.

Its good to get these out of the way. It was the best way to fund at the time. Prospex is an investment company with cash generation in two stable areas at the rate of £10-£15,000 per day. With other wells it could rise to to £50k a day. Thats about £15-18M a year profits, on a sensible P/E of 10 that's 55p per share.

If they concentrate on what they have and use the cash generated there is no need for further dilution. They will have the money to fund.

And yes the T/O is always a possibility.

I think that they did sell at the near highs. Remember it was only at 20p for a day or so, a week or so later we were back to 14p saying it was cheap on here and could not understand the drop. If £1.5M of shares at 4.5p get put on the market thats c45M shares that have to be soaked, that coupled with Aiden (who was getting all the blame) was a lot to soak up and explains more why there was a drop. Over supply -v less demand. Strong platform from here I think.

I think I understand far more now for one of the major reasons we saw Prospex drift back.

THE CLN holders were from Monecor (although individuals) they saw great profits in their CLNs without really having much affinity of Prospex or wanting to be long term holders.

It is understanding that a £1.75M fund raise would have been more difficult to raise via the current register and understanding that Monecor basically took the whole thing on and delivered. From the company point of view as mentioned it got us to production.

I wonder if Pecker knew this as he never really gave his reasoning.