Market's view on Prospex Eng
Published on April 2024
- Stock watcher expressed optimism for a potential increase in share value due to numerous positive factors.
- Concerns were raised about the CEO’s integrity and effectiveness, with accusations of him being deceitful and non-productive while drawing a high salary.
- It was noted that the company has substantial cash reserves and several promising developments, including new permits, solar initiatives, and gas storage projects, suggesting a potential doubling of the share price by H2.
- Several stock watchers highlighted the company’s resilience during gas price spikes and anticipated further price increases due to geopolitical tensions.
- There were complaints about market makers manipulating stock prices due to low profitability, labeling the company negatively.
- Optimism was shown regarding the granting of three drill permits and self-funded drilling operations, enhancing the investment appeal.
- Questions were raised about the timeline for new drilling operations following the clearance of debt.
- Statements were made denying any immediate fundraising or financial placements, contradicting speculative claims about the company’s financial strategies.
- Confidence was expressed in the company’s financial health, with debts cleared and funds accumulating for future drilling.
- Criticism was directed at the company’s reliance on convertible loans as a primary financial strategy.