Looks like a placing is not coming after all. Nice little bounce this morning. It's certainly very cheap at these levels. IMHO |
some nice buying pressure this morning!! Looking forward to a revisit of 8p area.. |
No placing yet. I think if placing comes now for existing commitments that'll be very concerning as TTF has been high and MR said average above 39 and Viura drill is covered. I'd be surprised if there is one. Maybe for a new asset one would be required but surely one cannot get underway down here. |
I have to say I think placing is coming here. PA says it all. |
Read on RT that the US is working with Russia to bring Nordstream back online too. Going to be private investors not the US state but sanctioned and approved by US state all the same.
Not sure if they've broken it to the Germans yet. |
Dare to say it but lots of macro against us now.
Coming out of winter season.
EU might retract 90% rule.
Ukraine war ending?
Gas demand in Asia dropped off.
US LNG exports increasing.
Poor macro economic picture, reduced energy demand.
MR has not ruled out further placing.
Ignore permabulls that say placing cannot happen as we have loads of cash. Of course it can and it may well happen or he would've ruled it out. Or he might use other finance or both.
There are lots of upcoming commitments. |
Threat of dilution in their recent RNS and TTF coming off so quickly from its high of 59 to the present 37 can't have helped imo. |
Very odd this price action, even though the market is poor this makes no sense. We are spewing off cash. MR failing to get the message across IMHO. |
what happened to Ed Dawson?..he led me to this share..cant see him in the shareholders list..did he sell out when we hit 20p i wonder? |
MR needs to get the share price up. He has done a good deal, but his presentation skills are imho poor. No problem with more dilution, but not from these levels. Market seemingly does not understand the value being created and that's down to him. |
People worried about dilution, last years dilution was around 20% and increased production by 230%!!Ii has also provided the cash to drill 2 more production wells , how much will this increase production?Dilution is not bad when it substantially grows the company |
although ive added at 6.6p..silly price now |
didnt like the possible funding needed though and threat of dilution |
Thought the below very good news. As good as the next 2 wells being on the cusp of drilling given the need for favourable sentiment for quicker drill permissions etc.
"With energy security rising to the top of the agenda for most European nations, there is now a favourable sentiment for expanding the development of onshore, indigenous natural gas. Such natural gas production has a fraction of the carbon footprint when compared with the importation of natural gas by pipeline over long distances and an even smaller fraction when compared to the importation of liquefied natural gas. |
Net production across Prospex's portfolio of investments is now at ≈86,000 scm/d (≈3.1MMscfd), a 230% increase in production rate from January 2024.
Also 11 more natural gas wells to drill over the next 18 months! |
I was thinking it was the threat of peace re TTF too. Not so sure Putin would trust the EU to pay anyway so see how it pans out next few days. |
Probably the whole Trump & Putin peace talks means TTF has dropped back 7%? Killed sentiment? Can't see any other reason? |
I don't know, but I've just taken the opportunity to buy another 5k's worth at 7.47. |
What's rattled this today!? |
Breaking out of another bowl to the upside today, beginning to believe that gap at 17p isn't too far from getting filled any more. |
Absolutely! |
Last orders in before smashing through 8p. |
Penny dropping here, its hugely undervalued. DYOR. |
Will test and break 8p soon. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
