RE: GOLD30 Apr 2023 08:13
Hi Dai,
Why did PXEN climb to 19p?
Allegedly 'tight share register'. Plus over enthusiasm re gas prices. And manipulation by TR1s. Then possibly 2 TR1s dumping which smashed the sp and sentiment. But the company is making a profit, in a good position re news-flow, has an off-take deal with BP - so the sp should recover. It may trade below its value for a while - which perhaps suits some of those who have been playing the sp. I think its a reasonably safe bet to pick up shares at 8.9p (if you can get them) - good for a trade - but I want to hold a chunk for 9 or 10 months. If it falls into the 7s its been a screaming buy for me.
Also I have read that a lot of gas exploration has been on hold because of climate concerns so European gas in the current 'energy security' context might have some upside.