RE: Prospero’s AGM Update – “Drill First, Questions Later” (Part 1)25 Jul 2025 12:18
Im not surprised to see the recent uplift to circa 2p ( as i wasn't last time )
Im surprised to see a pull back do shortly after ( but not overly surprised as the market is sooooo fickle and short sighted )
I am very impressed that things are progressing so well. We have known for a long time what's to be gained and now closer than ever before! The timelines have been improved from most expectations.
We are funded into production, i note that they say it's close, so there is a scenario they might need a small fundraise as we enter that critical stage. It would be essential amount only, and very likely being so close to production the sp would, should be, closer to 3-4p at least ( complete assumption speculation on sp, it could be much higher / lower ) But By that point we will have far more ground covered and a much clearer picture and likely a higher sp. I think it'll be used as negative ammo but it's a minor concern at best. Most LTH will be buying on any weakness that close to production. Especially knowing the magnitude of what we have.
Sold a fair amount of shares last few days and have a fair amount of cash on the sidelines. Fully loaded here, but never been so confident this will do very well and will happily take shares off weak hands for sure.