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Good informative post, certainly undervalued imo as well
- £2.6m from 1 selva Well + £750k Romeral = £3.1m x 5 = £15.5m mcap based on current rev from online assets
- £2.5m cash in bank
- £15.5m mcap + £2.5m = £18m mcap
- Current mcap £18m / 5.5p
Above excludes:
- Costs: £1.1m incl. mgt costs + listing fees
- Infrastructure value: Spain and Italy infrastructure and connections
- Future asset value: additional Selva or Romeral permits
- Future current non-production value: Tesorillo
So 5.5p looks extremely cheap still - with a more realistic enterprise value of circa 15-20p / £54m+ mcap
No Debt / No Warrants = No Dilution
RNS tomorrow
Some decent buys coming, things about to turn I think gla
@ProspexEnergy Updated Corporate Presentation #PXEN The company announced that it had settled the third and final capital repayment from the Convertible Loan Notes issued in September 2022 and is now completely debt-free. https://twitter.com/Share_Talk/status/1784969507213135938
Certainly an increase on volume all of a sudden.Smacks of a leak
Topped up twice this morning myself
Want to put more in here , missed the little jump , but will have to wait for profits from another
No warrants , cash in bank , 8 new targets, 20p broker note, small m/cap. This is a screaming buy gla
Would expect to see a few more position around now though? Not much going on... yet.
New to PXEN...bought a few as looks like this has legs...fingers crossed
Just what does Mark Routh do all day here? be nice to have an update to give us something to go on, even if it’s only a few minutes on proactive !
Only people selling and making money here are legacy holders or converted CLNs @ 4.25p?
Oh and a worn out generator to replace in Spain for X millions.
Giorgio doesn’t know where the bodies are buried, but he know where all the untapped ENI gas fields are.
I mean up to 9 months.
According to the new presentation looks like timeline for permit has changed to up to end of Q4 2024. I compared to previous presentation that said Q1 2024. This seems to be different to the operator. Nonetheless a delay of hopefully no more than 6 months will be insignificant in the long run.
In a nutshell.
- debt free (no warrants)
- producing cash from 2 assets (Italy and Spain).
- Enough cash to cover overheads and self fund future well development (No need for placings)
- further drill licenses in Italy pretty much nailed on to land anytime.
- a main gas grid connection in Italy and Spain
- HUGE Spanish resource is the wildcard
- small free float and mcap
Pashman,
I'm new here. Mostly invested in CHAR and ENOG.
Can you provide a brief overview of PXEN? What's the TP?
Thanks.
After along 10 months I think pxen could be primed for a move, debt free, decent cash flow and gas prices looking decent, small m/cap gla
Https://youtu.be/meH567LSqaQ?si=qPFC017nvXYbqOJC
The man who made it all possible.
Creeping up. break 5.5 and its game on - 6 and its gonna run
Looks like the bottom was hit could see a decent rise here gla
#PXEN - awakening with chairman of JV operator buying £100k of own stock.
It's very low risk with no debt / no CLN's / no Warrants / 2 revenue producing assets / Circa £2m+ in bank.
With 2 additional permits pending in both Spain and Italy to send it.
Technically looking ace as well:
https://x.com/marketgem/status/1777714065722269971?s=52
Rayte looks like a lot of day trades on here have a look for yourself I think they took a punt in and out.
But that’s what happens on many on theses aim shares in and out it is catching it at the right level.