PRS - Prospech Limited

Dona Ferentes said:

the comany placed 50,000,000 Shares with sophisticated investors at $0.02 per share, raising $1,000,000 before costs.

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Yeah, I'm glad they only did this cap raise to the Sophs. Us battling Punters have been propping up the share price for a long enough.

The 2 cent "entry fee" is par for the course for cash poor Specs. 1M cash is not small change so I hope whoever stumped up the loot is interested in seeing some price appreciation and does a bit of punting "on-market".

The assay and drill results for PRS have been pretty impressive for an less than $10M minnow and the Sophs would have had to been sold a decent story on the potential of their Projects, so I'm half expecting another Announcement soon re the ongoing metallurgical results. Impressive Met results should definitely get the market a bit more interested. They certainly need something to spark some price action.

Todays SP rise is welcome but not enough Volume to get excited about. Still well under water with this little battler but I am still a "believer" until the fat lady loses her voice!

SP back to the spike level of the other day in only a week ... good sign. It looks ready to move based on my biased Spec eyes (I hold)

Quarterly out today ... Everything chugging along as expected with metallurgy results not till later 3rd Quarter? Bit light on cash the main obvious issue as is always a problem for fledgling Specs.

Probably not much exciting price action for a couple of months, but on the positive side, that large Buy order at 0.022 has been sitting in the queue for a fair while now (above the recent CR price of 0.02 cents) and only getting small random sellers offloading into it.

The Company seems very confident of their RE project, so assuming good metallurgy results later in the year, this should start to have some sort of re-rate after that, (in my humble and obviously biased opinion)

Another cap raise for PRS at 0.015 cps + 1 attached option for each 2 shares exercisable at 0.04 cents.

No one looks too keen to sell anymore. I'm backing this is the absolute low for PRS. Onward and upward from here!

I hold and will be taking up my R/I shares

Noting ABX jumped 200% on yesterdays positive leaching results ... worth noting PRS have their samples currently being assessed in the same lab (ANSTO).

Cap Raise underway has been done as a Rights Issue .... Hopefully the boys at the helm are rewarding the loyal followers with some cheap shares just before this takes off? Directors are participating.

In Specland, the above scenarios can often be a tell tale sign. I have a good vibe on how this will perform next 12 months.

We shall see if my balls are crystal or lead ..... or both. (Korsnas rare earth deposits are "stacked" in an old Lead Mining area for anyone who may not have known. )