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PRS - Prospech Limited

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Interesting Announcement out today on their inspection of rock chips from Kolba. Market still not particularly excited but the SP ticked up a couple of points on modest Volume.

The real story will be the upcoming drill results from the same area. Jason Beckton is upbeat about the rock chips likely being the lower grade ore yet still showing good grades.

Drilling started mid June but they had some issues ... now sorted according to JB. Allowing a few weeks for assays etc, maybe some early results in late September?



 
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My monthly pick. No great expectations just yet but some more good results this month could get things moving again.

 
Bit like riding a roller coaster this one. Up close to 40% earlier today. Looks like settling up a few ticks from yesterday once the dust settles.

Lots more assay results pending and a host of holes to be tested this months and November. Small market cap, large potential.

Likely going to need a cap raise not too far down the track, but good assays before the end of next month should see the CR done at higher prices when it eventuates.

 
barney said:
Because OCTOBER will roll over Into NOVEMBER and DECEMBER Cause all next year ...We may celebrate with beer! (insert beverage of choice)
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Its just about that time ..... Something could eventuate this month with a little luck

My monthly comp "October" pick
 
Ok so all who are aboard are in current pain, lol ...

Great rare earth results from their current assays yet the SP is in more distress

When a Spec gets belted off the back of good results, it usually means a Cap Raise could be in the pipe line not too far down the track??

In my humble experience, that is often an "accumulating" opportunity .... Next year for this little battler now.

(ps I hold and am accumulating)

 
Captain_Chaza said:
Good Luck! I am very sad to see these charts
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Have no fear El Capitaan ..... PRS will have it's day in the Sun ...

Mr Beckton is a smart operator and knows his stuff ........ I will continue to accumulate from this point in time.


PRS is again my monthly pick for the November comp. Please note that Mr Beckton is growing an "almost non existent" mustache for Movember in aid of men's health.

That is reason enough to back this little minnow ..... The company boss has a social conscience.

 
There is a little murmuring in the wings and a rustling in the bushes the last 2 days I note, lol ......

Given their last Announcement had some fairly impressive REE assays, and I think we are expecting a follow up Ann this month some time, a little specking on PRS would be definitely on the cards.

Market Depth is tough to read due to the illiquidity of the stock, but the last 2 days have seen a couple of decent sized pre-open cross-trades, followed by some subtle trading.

I'm backing a little more movement soon, particularly if the next Announcement verifies the REE grades etc.
 
barney said:
I'm backing a little more movement soon, particularly if the next Announcement verifies the REE grades etc.
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My crystal balls are starting to re-calibrate, lol ...

So we have the SP up fairly well over the last 3 days on small but not insignificant Volume given how illiquid the stock is.

That crazy bar on the 5th September last month is still a mystery. Massive Volume/High Range and an equally steep rejection since (until the last few days).

Jason Beckton stated in all his time as an ASX company Boss, he has never delivered a better announcement/result than he did on the last PRS rare earth announcement.

I'm expecting further excellent upcoming results ... followed by the "mandatory" cap raise at higher than current prices ... followed by a much better 2024 SP wise ....

That 5th September bar needs to be "dealt with" to make a statement, but if/when it is, I think PRS could finally be on its way. We live in hope!
 
barney said:
I'm backing a little more movement soon, particularly if the next Announcement verifies the REE grades etc.
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barney said:
My crystal balls are starting to re-calibrate, lol ... That 5th September bar needs to be "dealt with" to make a statement, but if/when it is, I think PRS could finally be on its way. We live in hope!
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I'm quoting myself simply because its the first time in a while I've got the call close to the money, lol ....

Anyway, one swallow does not make a Spring, or however that Proverb goes

Still, nice to see the predicted movement coming into play. Now all we suffering PRS holders need is stellar REE results, a massive SP spike and a cap raise at way higher prices, lol

Not that I want much from my Specs!

 
A good month for PRS ...... I have picked again in this months competition to show some loyalty

Announcement today .... BAMBRA OY deal approved for 100% ownership.

Off the back of the early REE results (more expected soonish), it was a brilliant deal struck by management

SP could start to trickle even higher over the next few months if all goes to plan.

 
I thought I'd better have another look at this, seeing my interest piqued / peaked earlier this year.



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well done for Nov and good luck for Dec , Barney ... maybe more conviction there this time round.
 
Dona Ferentes said:
well done for Nov and good luck for Dec , Barney ... maybe more conviction there this time round.
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Yeah we've been here before a couple of times DF and its unfortunately fallen over each time.

That crazy high range day and subsequent selloff early September has always worried me a bit, but I'm backing management on this one rather than technical analysis. The chart is not very readable so who knows.

They are expecting some/lots of upcoming REE assay results soonish ... Given the positivity of Jason Beckton recently stating previous results were the best set of results/announcement he had ever released to market in his time on the ASX ....

That's a pretty good heads up in my humble opinion. The thin market depth is always a bit tough to watch though, lol.
 
Mmmm Price action now makes more sense after Announcement this morning.

Share purchase plan at .031 to current holders. Probably be a small sell off for those trying to sneak in a bit of arbitrage .... I reckon .033 today, but market depth is thin so hard to get any Volume on that.

The markets reaction over the next few days will be interesting. Id say initially well down, then pretty flat till the next set of results come out.

Not the ideal month to put PRS in the monthly comp, lol. Anyway, long term plan here for me and interesting times ahead.

 
Dona Ferentes said:
timing isn't everything .
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Yeah the CR was always on the cards I guess, although I thought they might wait for the next rounds of results. Upcoming Xmas break might have made that a bit harder to sort, so get it done prior?

.031 seems fair enough at this stage though. Some stellar results/announcement just before SPP subscriptions close would be handy.

Back to groundhog day till then.
 
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