Prospex Oil And Gas Share Discussion Threads

[karmastuartra] 12/5/2017 12:31

Onwards and upwards not bloody downwards!

[ccr1958] 12/5/2017 10:04

a few buyers arrived ,onwards ;)

[stonefold] 04/5/2017 16:16

Revised estimated valuation

From 31/12/2016

Trade and other receivables … 31,766 … 31,766
Cash and cash equivalents … 466,413 … 466,413

Current assets … 498,179 … 498,179
… …
Current liabilities … -87,676 … -87,676

Net current assets = cash … 410,503 … 410,503

Placing Feb 2017 … 850,000 … 850,000
Est costs placing Feb 2017 … -30,000 … -30,000

Est cash 04-05-2017 … 1,230,503 … 1,230,503

Est Administrative expenses till 31-12-2017
… -778,093 … -778,093

cash remaining for finding next project
… 452,410 … 452,410


Best valuation assigned to investment in Hutton Poland before drill
… … 3,900,000

Worst valuation assigned to investment in Hutton Poland after drill ?
… 0 …

Other investments elephant oil, mol, omv
… 242,200 … 242,200

Total Investments … 242,200 … 4,142,200


Cash and investments … 694,610 … 4,594,610

… …
total shares in issue 04-05-2017
455,785,836


Pence per share … 0.1524 … 1.0081

equals 0.1524 pence per share (£0.0015) … equals 1.0081 pence per share (£0.0100)



Approx. minimum Additional funds required for 1 drill

… 1,500,000 … 1,500,000

All in GBP £

DYOR

[ccr1958] 03/5/2017 21:41

Still in here ,but certainly not chucking any more money at this right now , lurking , ccr.

[cgod] 03/5/2017 21:14

At this price its worth a punt now, lets see what the cat brings in.

[vauch] 03/5/2017 19:06

njw it is a prospecting co. so in answer yes and most likely on more than one occasion in the future

[soulsauce] 03/5/2017 16:17

No certainly not in the short term and not before they get in to the next asset(s).

[njw2] 03/5/2017 16:15

Not involved yet but having a look ,before I Potentially? dive in do these guys need to raise again ?

[karmastuartra] 03/5/2017 15:59

Good riddance.

[turbotrader2] 03/5/2017 15:56

I sold today because the outlook is pathetic

[soulsauce] 03/5/2017 14:31

turbotrader2 31 Jan '17 - 19:01 - 1981 of 2114 1 0

This will fly soon trust me

[soulsauce] 03/5/2017 14:14

He doesn't have one. He's either ramptastic and everything is going to 10bag or it's going to fall through the floor. What was he saying here not so long back, I think it was all rampy cobblers.

[turbotrader2] 03/5/2017 13:10

And of course down 18% is bullish Lol

[turbotrader2] 03/5/2017 10:50

So you can assume the 400k is gone! Wages are 334k per year lol850 will be rapidly goingIt has no assets to value this at its mkt cap

[blueblood] 03/5/2017 08:22

Basic research thanks Stone

[soulsauce] 03/5/2017 08:21

turbotrader are you stupid or just deramping. The company raised £850k in Feb. Read the RNS FFS.

[stonefold] 03/5/2017 08:21

They had a fund raise in Feb so add £0.85 million