Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Strange thing to say really only 2x, if it stayed where it was with TTFs at 30 its on a prospective PE of 5 at the moment. If as he states 8 more wells equals c400% more yield then at a PE of 5 its worth/ your looking at 26-27p.
All your crowd think its worth Quadruple MK cap already!!!!
Mark also stated:
""We can grow company way beyond double the valuation of the company"
2nd July 2023: Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
---> Italy permits Q1 2024 (also in presentation https://prospex.energy/wp-content/uploads/2023/07/PXEN-Corporate-Presentation-Q3-2023_v11.pdf However here i am sure I saw a more recent presentation with Q1-Q2 timeline).
9th Feb 2024 Po Valley https://wcsecure.weblink.com.au/pdf/PVE/02771027.pdf
---> Slide states Q1-Q3 for permitting for drilling for Italy - UNCHANGED since Sept 23 presentation: https://wcsecure.weblink.com.au/pdf/PVE/02708235.pdf Q1-Q3
27th March 2024: https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
---> 8min55s "... and that cash is accumulating in order to fund the 3 wells that we want to drill in italy and the 5 wells that are going through the permitting process in Spain. These wells will increase the production several times over and they should be producing and I hope before the 18months as I said earlier. It does take time to get these permits in place and the permitting process is hopefully should be completed at least by year end if not a bit before."
Additional question is if all 3 Italian permits arrive on the same day or if this spread of time is to assess and confirm each permit as standalone (imo more likely and better for our drilling program).
GLA
Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
Mark said early 2024 for permits.Funnily enough from 9mins...timelines have kinda slipped if hes talking 6months later now
Yes, very good news!
For BOTH Spain AND Italy (as it was not specific and the use of the words 'permitting process' was only mentioned in the case of Spain specifically... Grammar wasn't so good or clear but i tak ethat to mean both sets of permitting because that was the semantic field, it wasn't split out to IT and ES.
Therefore IT likely much, much sooner as we otherwise have already been updated with RE most recent presentation.
Good news that Spain will be completed by year end!
"The permit process is hopefully going to be completed by at least the year end, if not a bit before"
09:00 onwards
https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
Aye surely that is the end game of all companies.Debt free and generating profit with increased revenues within sight.
Andin the meantime we now have zero debt, and decent profits building up the balance sheet.
It is nice to have at least one company in my portfolio that is making waaay more cash than it spends!!
GLA
The permits are in the hands of the Italians and no one else.They could easily drop any day as much as any week now
MR definitely said the Selva drills will be underway in Q4
Allegedly CA is going to publish his article in May so I conclude that this will be the start of the rerate with the news to follow. Also KB has hinted at this.
It's a guess - it was just 3 weeks ago Oilboy said May so no idea. I think the End Q2 is the upper limit as per the most recent presentation - but drilling also overlaps that period if I recall correctly. Basically anytime between now and then
How do you know that?
Yes but it's going to be end of Q2
Thing is theres no way of telling when the permit news will drop.It could take weeks or it could as easily drop tomorrow.Did MR not say Q1 in one of his interviews?
NOT A SHARE that is about charts. It has strong fundamentals and will change on the rubber stamping of permits in Italy and Spain. Charts will not tell you when.
Https://x.com/SwazersC/status/1772939160678007239?s=20 https://www.tradingview.com/x/oYzxF7pG/
Nice to see 100% debt free now and final cln tranche repaid in cash not dilution of shares.
This a company, unlike many other small caps right now, heading in the right direction on firm financial footing.
Expect a strong mid to end of ‘24. Position accordingly. 2 assets in production generating revenue and profits.
One thing is for sure - PXEN is on a lot of people's radar.
Moving on CLN news today.
Imagine what it does on permit news and beyond.
PXEN already have the production license for the assets in Italy and Spain. They are only after drill permits now which is quicker and easier.
MyIPA - I have 110,000 and want to add another 90,000 but can't get a quote to buy unless they move the price up!
Rock bottom and no sellers left as you say, but others have taken note of this too!
Go ly dow - shouldn't be any CLN sellers left - low vols the last week or two (1.6m rollover excluded). There won't be any new shares on the market so rock bottom prices are done. Get in whilst the goings good if not already in.
I doubt that.They have been very close fo buying new assets.Personally I would be happier if they just stuck to the ones we have
Yes. Or we will very quickly have debt again.
In this current market the strongest message is to have debt free and fully funded.
I have heard from several people permits will land in June.
Hopefully the management team can sit on their hands for a few months.
Worth actually remembering what you just read in the RNS!
"Surplus funds generated from our assets are being accumulated in the Company's investment and joint venture vehicles to provide funding for future projects, *in particular* the three wells planned in Italy and the five wells going through the permitting process in Spain."
Priority 1 - 3 wells in Italy (timelines expected to be in the nearer future than Spain, assets generating income in the meantime)
Priority 2 - 5 wells in Spain (El Romeral generating income in the meantime)
Priority 3 - Future projects
I bet this keeps going up over the next few trading sessions. Worm has turned.