Europa are delighted to link with I3E and look forward to early September Serenity appraisal spud. Watch the full video here.
Is that Krynap that was invested in the shambles that was ATC ?
I use H&L who have been very reliable but their dealing charges are a bit steep if you don't trade frequently each month.
Have you registered with Leonard Curtis Recovery Ltd. regarding your SVS issue ?
If you are intending to invest in PXEN it does feel that they are on a good trajectory with Selva, El Romeral and Tessorillo.
I make it a 32% uplift in revenue from the previous qtr. but who's counting?
When anything of significance occurs on or around Plot 10B I'll certainly update the videos. I'm going on a fortnights jollie from the week-end and I'm hoping nothing occurs during that period or I'll feel like the photographer in the old Kit-Kat advert waiting for the pandas to appear in the zoo, when he decides to "take a break" and they come out dancing behind his back.
The Sisk cabins have been there for about 12-18 months as they have been doing the roadway infrastructure for Phase 2 around Plot 8 and our access road, which I think was mentioned in the minutes from the Community meeting held in April.
I know you are thinking that the bridleway closure is for Plot 13 work but I'm strongly of the mind that it is related to the sub-station connection for Plot 10B (again as mentioned in the April community meeting). Anyway we shall see.
PHE, to me, does have the feel of emerging from the recent dark period since DR tendered his resignation and dealing with the TY issues, appointing a new CEO etc. Kind of coming out of the dark tunnel staggering, blinking, shielding the eyes, into the daylight.
The Dunbartonshire site has planning approval, the Protos Plastic Park is up before the Planning Committee in a few days, the company has announced plans for a GTIC, and we have the partnership work with HUI, in Europe.
I'm hoping/suspecting the OK for Protos will be the trigger to formalise the financial closure for the Plastic Park including how Plot 10B will be financed.
We do need clarity on how all these strands are going to be pulled together to give us transparency on the strategy going forward and I'm hoping PDD will seize the opportunity of the AGM to do just that.
Shareholders do need to know what are the specific financial agreements and commitments for PHE going forward and how far the £11m cash (as last reported) will contribute to PHE's undertakings.
We do need to see some clear and positive strategic communication within the next few weeks closely followed by some substantial construction work as I'm getting pretty peed off looking at an overgrown plot on my jaunts around Protos.
Can't help with start dates or completion dates but here's a couple or three videos with an update on what is happening.
Interesting that Plot10B is being cleared, particularly at this time of year, which suggests that construction work would need to start as a close follow on, or the site will return to undergrowth before the end of summer, and would need to be re-cleared.
The footpath/bridleway adjacent to Plot 13 is being closed for "Dangerous Work" to proceed, which may suggest that the Enviroo site may see some work commencing, (but nothing to support this on their website) OR , may favoured theory, it just could be in relation to connecting the new sub-stations to Plot 10B, with the necessary infra structure.
It does appear that preparations are taking place in readiness for the eventual Planning OK for the Plastic Park, so then it could be "cracking on" time.
Public Notice - https://www.youtube.com/shorts/LtRxS044Jtg
Bridleway Effected - https://www.youtube.com/watch?v=gbSgKgqJCNI
Plot 10B - https://www.youtube.com/watch?v=aRelxHI9UhI
I'm guessing your buy could have been for 39251 shares @ 5.08p.
Check out: https://www.lse.co.uk/ShareTrades.asp?shareprice=PXEN.GB.PL&share=Prospex-Energy-Plc
I often forget to check out the aquis exchange for trades.
I think we can anticipate that things could get even "nicer".
Steady increase in sp recently which should should increase as we head towards month end, as the QTR end (April-June) income figures for El Romeral should be reported.
With moving from 6 day to 7 day production, QTRLY figures of approx 1.75m Euros should not be a surprise, all things being equal.
The change in approach to the financing of Plot 10B has been my concern for several weeks now, ever since we didn't get a "state of play" update from PDD in a few weeks of taking up his position. i.e. there were some serious deliberations taking place regarding how Plot 10B would be progressed were taking place in the background. Hence, I significantly reduced my holding in PHE until we have a lot more transparency.
I suppose there are many issues to resolve if a change in financial approach is being considered, particularly within the detail of the agreements with Peel NRE and with particular regard to how the income streams would be disected.
Notwithstanding this, if a placing to fund the other 50% of the development of Plot 10B is dropped on shareholders, on balance, I think it may well be received as good news (as the tone of your post suggests), and could be well bought in to by investors, as this would clear the path going forward and remove the immediate dependency on Peel in the short term.
IF it is being considered, the decision may hinge on any further delays on Peels Planning application and whether Peel are approaching the funding of the Plastic Park development as a whole, or on a piecemeal basis which would dictate the pace at which Plot 10B could be developed.
All this is now set against the backdrop of HUI's move into Ireland and which opportunity best meets PHE's need to develop the FOAK. You never know, it could happen in parallel and we have TOAK.
Dr.A - Cheers, but a fair question without a fair answer (which isn't your problem) stokes my cynical side. May be worth querying it with AB/HW, if you get chance.
Robertz: If you are referring to anything going on at Plot 10B that indicates the project will be up and running "soon", then the answer is no, from my last visit to site about a week ago.
New access road to the plot finished, but that was about it.
Why cant AB & HW just approach PDD with the JV idea and see where it can fit in the upcoming strategy?
Canvassing shareholders up front comes across as they want to apply pressure to PDD and that then begs the question why ?
Is it that the comms between AB/HW and PDD are as poor as PDD and shareholders?
Something suggests that there are some strange under currents here...................... or it could be the cynical me.
We need transparency around what is happening at the moment with regard to Protos, Clyde, Manchester etc. and PHE's true relationship with HUI and where they fit in HUi's plans, before we go throwing more options onto the table, IMO.
Been pondering the recent developments with PHE this morning and I'm struggling to get a clear picture as to what it all means, which I suppose, is to be expected with such a vague RNS and note to shareholders.
However, my initial thoughts in note form:
- PDD has been pushed into communication with shareholders either from discussions within the company or by sp action
- PDD did not manage shareholders expectations, which could have been achieved by an email or newsletter a couple of weeks into his appointment, by saying that when he has a full understanding of PHE's situation and plans for the future, he would provide a full update
- As Seaflat said, "shortly" and "near future" are not 3months away i.e. AGM, so I anticipate some news earlier than this
- Still engaged with Peel and Protos, researching partners etc. but "applying learning from Company's prior experience" does suggest a change of approach, particularly when coupled with "setting out an evolved business model".
Does this suggest PHE pursues with Protos with peel as a partner, but the exclusivity for the UK is being re-negotiated, with other partners to be sought out?
- "showcasing across international platforms" , is this reference to partnership with HUI, or does PHE intend to promote the DMG in parallel to HUI's business development?
IMO, PDD's initial approach to shareholder interaction has not been good, but the key thing here now, is absolute transparency around PHE's plans with Peel NRE and it's strategy going forward for the UK and internationally.
Piltick: completely agree with your 13.08 post, particularly with regard to lack of update from our new leader, as it is now pushing 3 months into his tenure without any formal update. The length of time for the update has concerned me, to the extent that I significantly down sized my holding in the high 2s.
IMO, if it was a straight forward "state of play" appreciation, that PDD needed from the PHE and Peel NRE guys, to clarify exactly where everything was at and the plans for progress, we would have had an update a few weeks into his leadership.
As the lack of update drags on I'm wondering whether a more significant update is on the cards, particularly around how the development of Plot 10B is to be financed, which has given me a few jitters.
In the fullness of time all will be revealed no doubt.
Nothing on the agenda for May 10th Planning Meeting re: Plastic Park. Not surprising really with the outstanding issues that have been raised by Natural England, and as yet, no response has been logged on the Planning docs.
After a saunter down to Plot 10B on Protos just a quick update on progress at the site.......
Yep, nothing to report.