Member Info for theyknowitall

John Story became a TR1 holder earlier in the year with 5m shares

The RNS 31st December confirms he has increased his holding to 11.3m shares which is a 11.3% stake

He is a well known investor & to have him on the share register is a big compliment and to have him adding and doubling his holding is significant

Folk on here spouting rubbish should investigate why he has invested a further £300k in the 5.5p placing in December

Follow the money

Only 25k shares buy limit at 7p

Heading for double digits very soon

7p will be taken out soon enough then onto double digits

10 bagger potential upside this year if 1 of the 5 assets Ippolito has acquired/ acquiring

A few comparing AJAX potential growth to that of GMET

Edison research note of 25p to £1.20 price range target is a clue of the potential under the leadership & drive of Ippolito

Staggering how under the radar this currently is

Conditional Acquisition of the Rachaite Prospect

Ajax [AQSE: AJAX], the natural resources investment company, is pleased to announce that its fully owned Argentine subsidiary, Puna Metals S.A. ("Puna") has signed a conditional Option-to-Purchase Agreement for 100% of the Rachaite Prospect ("Rachaite" or the "Prospect" ), a potentially large polymetallic silver, lead, zinc and copper/gold opportunity in north-western Argentina (the "Proposed Acquisition") with an established local mining company (the "Vendor").

Identifying £30m Mcap as initial target and then looking at £50m / £100m

He is a top draw CEO and i recommend to listening to any of the interviews he did this week with edison, zak & midweek takeaway

MCap is only £6m with £3m cash & now Appian £5bn investor taking a 5% significant position

Free float is tiny with BOD’s & TR1 holders with massive holdings

Question to ask is what value do you put on the 4 assets vs current £3m valuation

Happy buyer today bought 1.8m shares / £60k from the sellers the past week or so

Lord

If you read back the commercial profitability and business case for selva was done at mid/ high teens TTF prices

The new gas sales contract this week is around €33

Likewise viura with operator debt facility and delayed drilling it’s not an issue

Ticking up again this morning

I wonder at what price the market eventually becomes aware of this massively undervalued company

12/13p next target is based on historical resistance point before the assets have started to get purchased

Nobody really knows the true upside in valuation here and i include Ippolito

This is going to be a very exciting 2026

EID expected first week in Dec and drilling in Dec

Just for starters

It’s still not on anyone’s radar ….. YET

Tick up again today and just £3k left at 6p

With news coming & tiny free float once it becomes wider known this will move very quickly

30p is only £20m Mcap region

No shares being offered to buy this morning

Struggling to be able to buy any shares

Managed to add just 20k shares yesterday but that was all i could get

IG offering none this morning

MM’s need to start moving this up to make shares more accessible

Buying the sell off

Lots of good stuff in this morning’s RNS

Clearly there is lots going on

Drill contractor selected and planning to start in Dec

£3m Mcap looking very undervalued

Be interesting to see what the NAV comes out at with all these assets on board

Operator RNS this morning all very positive

El Rom & Selva permits timeline is looking a lot clearer now

Daily production from viura & selva 60k scm/d or circa €700k per month

Half year report has Operational & admin costs at around £100k per month

This investment company is all about obtaining permits to then have options to farm out, sell assets or drill using debt financing

The upside is huge whilst experiencing some growing pains with viura shut in & El Rom transformer delay

El Rom in the big picture is irrelevant as it was only producing about 8k scm/d equivalent and running on fumes. More importantly it’s got 100% tarba ownership now

PXEN are owed circa £9m including coupon for viura 7.5.% investment of 6.5 BCF gas reserves

El Rom next 5 wells has 18.5 BCF of gas so a 30% farm out plus viura cash & selva revenue is all setting up

Obviously short term emotional noise but that’s life sometimes

At £13.5m Mcap it looks like common sense and investment has gone out the window here imo with current revenues

The long journey to get to this point over the last 4/5 years is now in touching distance

Now is not the time to wobble imo

Get the feeling this entry level sub 6p will look very cheap in the coming weeks and months

As previously posted based on NAV current valuation is circa 15p which compares like for like with PVE current valuation