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PRS - Prospech Limited

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A pretty sensible approach for small cap prospectors, to go back over old cores in known mineral provinces.

RARE EARTH ZONES IDENTIFIED FROM HISTORIC DRILL CORE AT KORSNÄS PROJECT, FINLAND

Managing Director Jason Beckton commented:
"Now, the focus is on exploring for REE, and observations from the recent core logging and sampling have revealed that potential zones of REE mineralisation were not sampled if there was no obvious association with visual lead (galena).
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The rocks that contain REE are more widely represented in the drilling than the lead bearing ores and both drilling and geophysics suggest that multiple parallel stacked zones of REE mineralisation should be targeted.
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Only just in. Missed the fireworks to 046. Currently settling what looks like 036-039 Range. Management seem pretty upbeat (to be expected of course)

Recent addition to the Frankfurt Stock Exchange looks like the boys have a bit of a plan going forward.

I'm holding tight for the moment. A lot more water to go under the bridge with this one I think.
 
Price action could be considered a bit disappointing after the intraday high, but in reality, it "laundered" a fair slice of the Cap Raise shares through the market and we are still 70% higher than the CR price of 2 cents, so not really that bad. Interview with Jason Beckton link below. Can't help but be impressed with the way he approaches things.

Jason Beckton
 
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frugal.rock said:
At that price, it would be a 10 bagger or over 1000% up.
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Lol ... Yeah thats a bit unrealistic in a month Rock. A few years from now however, I wonder just how close we may get to that bigger number.

46 cents at this point in time would give PSR a Market Cap of around $40 million-ish I think?

That could end up being a modest estimation if things go to plan, and a little luck gets shared around. Far stranger things have happened.
 
Interesting to see if todays chase is backed up by some news. If .043 holds firm as support after today, it could have some legs

 
You'd nearly have to say the retracement period is done given the speccing this arv. Either the upcoming results etc are looking promising, or there are a lot of "Punters" out there, lol

 
Still being Specced higher before the next round of news ...... Some updated results shouldn't be too far away

That $92K that Director Peter Nightingale stumped up for the recent cap raise is now worth +$200K ... No doubt he be pretty chuffed with that.

 

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The day traders have done their business with plenty of profit taking on the rise.

The News/results look pretty impressive at first glance. Be interesting to see where the SP settles after today. Anywhere around 5 cents will do me.

 
Just amusing myself for the fun of it .... but I predict PRS will be back into the 5's not too far down the track.

Today's close at .039 was way outside the VWAP and looked like some genuine traders controlling the SP

ie. Cashing in on their recent big push/taking profits (Greed)

And selling down into no Buyers once the profit was in the bag (Fear)

If the Stock is genuine (I think so), this should end up being a Buying op ... I have another order in for tomorrow.

As usual at this end of the market, I'll either be a champ or a chump!

 
As usual, when you think a Spec has bottomed on a retrace ... it invariably goes way lower.

PRS is my monthly Comp pick.

Not sure if it can win or not this month, but a +10% lift from the +10% last Friday would not surprise

 
barney said:
As usual, when you think a Spec has bottomed on a retrace ... it invariably goes way lower.

PRS is my monthly Comp pick.
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Won in May then went away,
Month of June was one big swoon,
Nothing rhymes with July, so I hope it shoots the lights out,
 
Dona Ferentes said:
Won in May then went away, Month of June was one big swoon, Nothing rhymes with July, so I hope it shoots the lights out,
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Let me help with some unsubstantiated poetry DF ..

Up up and away it went in MAY

A lead balloon in JUNE... a bit too soon?!

JULY is a buy ... perhaps a pie in the sky?? ...

AUGUST could be a "smorgas" , but September we will remember

Because OCTOBER will roll over

Into NOVEMBER and DECEMBER

Cause all next year ...

We may celebrate with beer! (insert beverage of choice)


ps. Henry Lawson I "aint" !
 
Bardney?
 
My monthly comp pick.

Low market cap. Low amount of shares on issue. Couple of new projects.

Don't really expect a lot of action this month but who knows.

 
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