Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A story relates how monkeys are captured by putting large nuts into a bottle with an opening just big enough for a monkey's hand, and tying the bottle to a tree.
A curious monkey comes along and notices the nuts in the bottle, reaches in to grab a nut. With a fist around its prize, the monkey finds itself unable to pull its hand out of the bottle’s narrow opening to go free.
To go free, the monkey would have to open its fist and release the nut. But to relinquish its prize--even temporarily--is something the monkey cannot bring itself to do.
So the monkey, trapped by its own desires, clings to a nut until hunters come along to throw a net over it and take the monkey captive.
Well done you got your first bag in Superdry. Can we move on now.
I’m not daft - or buying and selling for pennies as you’ve repeatedly declared.
Exit strategy = liquidity event.
That’s wealth creation 👍
I wish I was James Simmons with his holding!
Only circa 8m shares here 😎😎😎
More technical strength commentary:
- "RSI 1st time over 50 on weekly since March '23"
- "Price 1st time above 30wma since March '23"
- "March '23 downtrend broken"
https://x.com/mbdaytrading/status/1754850064084718054?s=52
Looking strong again - expect this starts to run back to 7p+.
Cheap - while fundamentals and technicals looking ace.
Great volume again yesterday.
Spanish and Italy updates expected soon 🔜 on permits, whilst both already producing cash.
DEBT FREE / NO WARRANTS 👍👍🌱
https://twitter.com/TKIA_1/status/1754600570566951381
As technical folk point out - still above 8, 21 and 50 ma, so bullish technically right now.
Worth remembering in just 2 more months PXEN will have between £3m to £3.5m cash (expect upper end) in the bank 🏦
39% per TR1 / Board share register officially accounted for - reckon closer to 50% based on wider knowledge of holders.
At some stage stock will dry up and this goes.
Https://investingstrategy.co.uk/stock-tips/the-buyout-targets-of-2024/
PXEN — cash generative, European, grid connection. It’s just cheap and won’t last at this valuation for long. Someone will take notice.
And you
You just never know in this game
Er Superdry is long term is it?
Remember and tell us about your losses too though
This is being traded by a concert party IMO. When they get a whiff that serious news is due they'll load up and let it go.
Good news does nothing for the share price apparently.
New VSA Capital research note out. I don't have a registration account though.
https://www.vsacapital.com/vsa-capital-research-portal#/portal/vsa-capital/uid/abc
Research 928
VSA Capital Daily Flow Test 01/02/24 (Prospex)
Prospex Energy Plc
Prospex Energy (PXEN LN), following a quarterly update from its ASX-listed operating partner Po Vallley Energy (PVE AU), has provided additional detail on the performance of its Italian operations. The recent operational update demonstrated the strong progress in the ramp up and testing phase which, post period end, is enabling production to be increased to 78,000-80,000scmd, against testing ranges in Q4 2023 of between 42,000-62,000scmd.
Date:01 Feb 24Analyst:Oliver O’DonnellPages:3 pages
Well that was exciting for one day. Back to normality. Let's hope it can sustain a rise for longer next time. Still holding from 8.5p. I thought that was a bargain at the time for a cash generating business.
Very hard to call that huge trade one way or the other
There won't be any drilling in Italy till Q4 according to MR but who knows as timelines always seem to stretch out in Italy.The permits were supposed to be granted by now.
As for being bought out.We are an investment company so more likely to be offered money for a particular asset not the company
Strong production going forwards = SP re-rate
or
Low Mcap = Buyout target.
Either works, but the sizzle is coming back....
While the share price performance at @ProspexEnergy remains mysteriously frustrating, it can be seen that #PXEN continues to make significant operational progress. Presumably, the nearer we get to production at Selva 🇮🇹 the better the prospect of a fair re-rate for the stock @ZaksTradersCafe https://twitter.com/Share_Talk/status/1752675284770288019
https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-wednesday-31st-january-2024/
The beauty is PXEN own 2 onshore assets in low costs regions (Italy and Spain) with infrastructure and plan build out and paid for, local connections to grids (1 of only 4 in Spain available) and with large organic growth potential.
Both assets now producing - and that production revenue can be used to further developing assets without need to dilute shareholders and raise more funds.
Additionally, Selva we have already been granted permission for entire field, but operator just needs individual well permits approved - which seems highly likely considering overall concession award.
Each well will be self-funded - plan to drill next 2 wells off same pad - and these will add multiples to current revenue in relatively short timeframe.
Spain - expect news soon, I cannot see the status quo to continue, and a solution to unblocking the green permit path will be found.
Considering mcap - these are very exciting times, and a bonafide investment with little downside but large upside.
Debt free / Warrant free / Cash producing / Additional permit approvals in short-term.
Either way I looked at it, is possibly divi paying company or like you said a buyout if further wells get developed then no reason this couldn’t be valued at 100M MCAP, with debt free and cash flow but that is just my opinion.
Yeah that’s what I was thinking but at the moment looks like very good long term hold
Yes in my view, but not for several yrs until field devt plan is delivered creating additional secure income streams
No question should be treated as stupid. As this is an investment business my personal opinion is that profits will be reinvested in field development and acquisitions until such time as a buyer comes along with an appropriate offer for the company..
DYOR