Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So ; we now have 6 sites with guaranteed 15 years income of £400,000 each - £2.4million a year. This alone will be enough to pay off debt finance and be in profit. And remember ; capacity mechanism is only a small part of the equation. What's not to like?
Found a third - "precise energy". So three last year and three this . And remember capacity market is only a small part of their revenue stream but completely covers debt from asset finance. Market still kit pricing all this good news in yet
Very nearly there. Wow
Glancing at results I can certainly see two sites being awarded contracts . Not totally familiar with Rockpool company names but "balance" and "valence" definitely are.
And none of the normal AIM morons are here!!
Next stop 5p. This is the share that keeps giving !
Re - free float . I reckon the true free float is mich much smaller. There are many sticky investors with large holdings , probably around 100 million which makes the daily available shares tighter than would appear
Totally agree. Strong holders will be rewarded. Some being panicked by the drop and selling at either a loss or locking in a small gain . Much better to sit this out . Fundamentals still excellent
Paragon Entertainment Limited (AIM:PEL), the attractions design, production and fit-out business, announces that on 06 December 2016, Scott Dickinson, Finance Manager and a PDMR of the Company, purchased 331,315 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at an average price of 4.02 pence per Ordinary Share (the "Purchase").
This time at 4p. Great confidence to buy with his own money at such a high price relative to the year sp.
Indeed. Snap em up while you can!!! If we get four out of four next week it will be fantastic and I think Paul and Phil are very smart.
Fantastic to see this director buying at such a high price. Clearly indicates confidence of further rises
6th December an important date to keep an eye on. Capacity market auction. This could provide a huge boost. Last year we got three out of three. I think another 4 eligible in this round which if we continue to be successful will give us 7 sites with 15 year guaranteed revenue from this particular income stream.
Off on my hols!! Going to Kenya tomorrow with a spring in my step thanks to a great few weeks at Plutus. This is a company to stick with. Trading the sp to get a lower price is likely to make you miss the next rise and my belief is there is a lot more to come here. Good luck to all holders and enthusiasts and don't believe either rampers or derampers.
over on advfn if people want to know more. PJ particularly good poster
No need to be on the podcast. No hard sell needed. The excellent progress made speaks for itself.
Agree that 36p is rampy and I don’t think you will find sensible enthusiasts believing that. The enthusiasm here is based on the likelihood of far exceding the 2015 plans. For example nearly all the early predictions were based on stand by power payments. We know now that the day after the Plymouth site was live they were asked to turn on the engines for an hour generating £15k in one go. They obviously won’t RNS every day they switch on the engines but I don’t believe that was a unique one off!! Add into that all the proposals for 80% ownership of sites and the likelihood of predators lurking then you can easily see the Cantor target being broken. I’m afraid one the issues with B16 was that he lied to try to pull the share price back after he sold in the low 1s. In particular he lied about the asset finance which has been agreed in principle to the sum of £25 million. Each site will be funded when needed. Why borrow the money 4 or 6 months before it is needed?
Having hit 3p last Monday, and then taken a pause, support is building nicely. Looking for another attack on 3p and the cantor target of 3.8p if news comes early this week.
A relatively big seller flushed out by the rise. This is the beginning of the next move up over 3p. Absolutely convinced
Ok - here is a summary of what I think is going on from recent communications. Current thinking on EBITDA is £1.3million per site. The PPG management currently believes that Rockpool will try to auction off 4 to 5 sites a year from March 2017 with the other 4 to 5 in 2018. They believe fair value on each site is about £15 million. Take off £4 million debt and you are left with a net £11 million. With 45 % ownership £5 million of that will be owned by PPG. Multiply that by 9 sites to get £45 million. So in 2017 probably 4/5 sites auctioned which will be worth £20/25 million to PPG. On a conservative basis PPG worth 10 times that. Let's discount that by 50% - gives us still a market cap of £100 million. Repeat in 2018. If PPG can then pull off the feat of multiple further sites with the proposed 80% equity stake then these numbers will grow even more rapidly from this base rate of £100 million. now I accept that this part is only in the planning stage but it shows the ambition and likely areas of growth into profitability. I hope that fellow contributors to this board will take this not as a ramp but of a genuine analysis of the situation. I genuinely believe we could easily justify a £100 million market cap within 12 months. Do your own research. And let's not get into vitriolic ramp/ deramp posts. This is an excellent company and I for one have great confidence in their ability to achieve their goals.