The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I'm Scottish anyway
Que?
Islandgeezer more language to confuse you.
If you were a Frenchman, the word Bon for PXEN would mean good !
But as an Englishman the word Bon for PXEN means ๐๐ฎ๐ด ๐ข๐ณ ๐ก๐ฎ๐ถ๐น๐ !!
Any day now
Yawn and Groan
From @theyknowital in #PXEN Telegram:
โThe thing to remember since July last year is
1. ยฃ2.6m of debt & historical interest payments have been paid down
2. There will be no debt at all from end of this month
3. Gas plant, Nat grid connection & production / revenue has commenced in Italy
4. Spain drill permits re submitted Q1 2023
5. Organic assets are % holdings are owned by PXEN & are low cost as itโs an investment company / onshore shallow drills
6. Revenue being banked is gaining interest know doubt
7. Gas / Energy sector price looks like itโs found a min. Price point with plenty of upside. EU Gas supply security is never far away & itโs the transitional fuel
8. Looks like SP upside is in play from here based on fundamentals. No value is associated to CPRโs / future production / Tesorillo / Solar farm
9. The Nat Grid connections are an โassetโ in their own right
10. I fully expect the upcoming weeks / months to be very fascinating & see what transforms
11. ยฃ16m Mcap with about ยฃ2.5m cash, no debt, revenues, self funding and the future revenues. MCap Inc cash only ยฃ13m ish which I let you decide what you think of that. Check out non producing other AIM miners / explorers with future risk of dilution and do the maths. I wonโt name any companies but you can do that yourself
12. 3 Italy look a like wells would bring in circa another ยฃ9m revenue per year at current price model
13. Spain at 100% would bring in about another ยฃ4m revenue per year at current price model
14. Spain solar farm once permits land would be developed on the leased land generating significant revenues
15. Then there is Tesorillo with 830 BCF which is a world class asset and needs unlocking
16. That type of cash generation is why this is a take over target. The Nat grid connections are like hens teeth
17. Any TTF upward price brings major compounded revenues
18. Commercial lifespan of the wells are significantโ
Https://stocknews.com/news/bp-eqnr-am-accelerate-your-returns-with-3-lucrative-gas-stocks/
Gas very much in demand
Https://x.com/SwazersC/status/1765664103698174413?s=20 https://www.tradingview.com/x/SO7kQFX4/
330million shares is FA
The main problem with PXEN though is all the CLN shares. Whilst they funded the drilling the register is now massively diluted with the millions of new shares. Hence the low price.
Exactly and economies of scale are going to kick in big time here once the other Selva wells are permitted and drilled.
Even without the other assets on the table this is an attractive proposition. I feel like the drills probably may not happen this year but if you're happy to hold it's a great time to buy.
TTFs back up to high 20s again which makes a big difference.
All AIM stocks are half the price the should be.
Ockerhillian aka lTHE SAND CASTLE KICKER states Prospex to be a DOG but its far from that, its an investment company banking ยฃ10,000 per day, run costs are probably ยฃ2,500 per day. That is with just the two producing wells.
I havnae forgotten
Mind the gap Herbert !!!
The only truth is when you sell
The truth paining you Herbert ?
Not even remotely smart or funny.Northern?
๐๐ผ๐น๐ณ๐ฒ๐ฟ๐ ๐ฎ๐บ๐ผ๐ป๐ด๐๐ ๐๐ผ๐ ๐๐ถ๐น๐น ๐ฏ๐ฒ ๐ต๐ฒ๐ฎ๐ฟ๐ฑ ๐๐ผ ๐๐ฐ๐ฟ๐ฒ๐ฎ๐บ โ๐๐ผ๐๐ฟโ, ๐ข๐ ๐๐ฝ๐ฒ๐น๐ ๐ฑ๐ถ๐ณ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐๐น๐ ๐ฏ๐๐ ๐ฎ ๐ฑ๐ถ๐๐ฎ๐๐๐ฒ๐ฟ ๐ฎ๐น๐น ๐๐ต๐ฒ ๐๐ฎ๐บ๐ฒ.
As an echo sounder will soon be required, to get a bleep from this bag of nails PXEN.
๐ง๐ถ๐บ๐ฒ ๐๐ผ ๐ฟ๐ฒ๐ฐ๐ฎ๐น๐น ๐๐ต๐ฒ ๐ถ๐บ๐บ๐ผ๐ฟ๐๐ฎ๐น ๐๐ผ๐ฟ๐ฑ๐ ๐ผ๐ณ ๐ง๐ฒ๐ฑ ๐ฅ๐ผ๐ด๐ฒ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐ต๐ถ๐ ๐๐๐๐๐ ๐๐ถ๐ป............ ๐ฏ-๐ฎ-๐ญ.
So still alive but the religious amongst you should be reminded, the last miracle was over 2,000 years ago.
Will they have enough in the bank for the new seismic of will it be another loan note?
He must have an orange stuffed in your mouth....I cant hear you?
Or maybe you're his cabin boy on his fancy yacht!
Have you choked on your own breath after Hemo placing mate.Stu certainly knew more that you did anyway.
Hmm, dropped a few percent. Looks like waiting was the right move.