Member Info for LedZep

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.

Once we dispatch the 150K seller, that has been hanging around for a while, we should start to see the impact of the increasing revenue stream on the popularity of PXEN and hence the sp, IMO.

Excellent update with increasing revenues from EL Romeral. Looking at the numbers the revenue for March calculates at 498386 Euro, pretty much bang on estimate. Loans repaid with 600K euro cash in hand and April revenues to look forward to.
I would anticipate a Tuesday RNS with the April figures and with 7 day running rather than 6, this could be in the order of 580000 Euro for April. A very tidy income stream for the company even at 49%.

Made a couple of more purchases here and they didn't show in the listed trades, then I remembered the Aquis exchange PXEN.GB.PL, and there they were. Worth keeping an eye on particularly if the sp changes on the AIM listing with no apparent trades.

It's surprising and a bit concerning that we have not had an update re: output figures for ER for March, seeing as the bod was very keen to inform us of the results of 24/6 running during the test period, and the estimated revenue figures for March.
Maybe combining March and April figures together for mega effect.

Appears that momentum is building here in anticipation of the production figures of El Romeral, since it has been on 24/6 running for the month of March and with the other initiatives soon to come into play, and being cashed up, it is feeling like a fair wind is behind PXEN.

Completely agree Piltick, regarding a PHE update.
PDD has been in residence for nigh on two months and shareholders haven't even had a newsletter for Feb or March, and I haven't had any response to enquiries or Emails.
It appears that the Plastic Park planning will now be in a to and fro situation with Natural England so could be a couple of months before it goes in front of the Planning Committee, but it is our own supposition that the integration of the DMG into the Plastic Park is the overall delaying factor for progress at Protos Plot 10B.
We are in urgent need of a very transparent update from PDD regarding all things PHE.
Must admit patience is wearing thin here, but it is said that it is the darkest hour before dawn.

Audible:
Re: SubStation
Video from Jan 2021....https://www.youtube.com/shorts/2qV8hFKh8wo
About 300m from Plot 10B
From my look around today substation construction appears complete but no noticeable humms or buzzes so may not be connected to grid, (which is appox 50m from sub-station) but services have been spray marked on the footpath towards Plot 10B which correspond to the intended line of power cables indicated on the appended planning permission for Plot 10B.

theyknowitall: It is under the radar at the moment but it won't be for long. I'm pretty sure we'll get a RNS on Thurs or Friday informing us exactly how well El Romeral has performed during March with the 24/6 running of the power plant.
I was messing with figures in my post of 12th Feb but it looks like 500K Euro per month revenue is on the cards for Tarba, which could mean in excess of 6m Euro per annum if existing energy prices continue and gas production is effectively managed.

Just uploaded a new video re: Plot 10B , seeing as there was some speculation here on the BB, regarding possible progress.
https://www.youtube.com/watch?v=LMLHxtdHcnQ
My interpretation is that the barriers on the new access road have been removed to allow farm traffic access to Marsh Lane bridleway via part of the new access road.
This has allowed some groundwork i.e. mainly tarmac removal of an old road that runs adjacent to Plot 13 (Enviroo), that used to connect Grinsome Road to the old bridleway.
So very little to do with Plot 10B but could mean there may be further works on Plot 13, I'm assuming subject to their funding.
We'll see how it develops.

NutHazard:
A well intentioned thought, but for the longer term, I think.
My more immediate concern is that PDD has been in position for over a month now and we have heard very little. Also we have not had a February newsletter with any kind of update.
We appear to be in a state of limbo, where we believe, any kind of progress for our DMG on Plot 10B is well and truly tied up with Peel's overall intention with the Plastic Park. Which with recent communications from Natural England appear to be progressing at a snails pace with little immediacy being imparted by Peel.
In light of this I've attempted to contact PDD via the General Enquiries on the PHE website and also via what I think would be his PHE Email address suggesting a "state of play" address is required regarding PHE's progress, with particular regard to Protos.
This was done over the week-end but nothing received yet, if others are of the same mind, it may be worth pursuing similar channels.

So the Plastic Park planning is likely to be delayed by Natural England wanting more information - I hope they pay more attention to the information provided than they do to their proof reading, seeing as they apparently received the reports from Romboll on 8th Feb 2021, 6 months before the planning was submitted.
Putting that typo to one side, and assuming they mean 2022 why were the Environmental reports only forwarded to N.E. in Feb when they were received by the council on 6th October 2021 ???
Just wonderin' .............

mjallen:
The new sub-station is pretty much complete as far as I can tell but no cabling connection has been made yet to Plot10B.
The footpaths around the area have been marked out with spray paint indicating the route for the service locations, but that is as far as it has got. Will take a closer look next time I'm down there.

Just a quick update to say that the access road to Plot 10B has had its final layer of asphalt laid along with accompanying footpath.
Appears that we are now in the hands of the Plastic Park Planning Permission and the announcement of financial closure before any further work will be apparent on the Plot itself, IMO.

Piltick:
Admiring your optimism there with that positive thought but can't recall any late additions to the agenda being made, from watching these things over the past few years, but you never know.
It did take 6 months for the original Plot 10B application to hit the agenda (Sept '19 - March '20) so April's meeting would be on a similar timescale, with the Plastic Park application being made in October last year.

Looks like we have at least another month to wait for the Plastic Park Planning Application to appear in front of the Planning Committee, as it's not on the agenda for the 1st March meeting.
https://cmttpublic.cheshirewestandchester.gov.uk/ieListDocuments.aspx?CId=827&MId=6844&Ver=4

Just been re-reading the income update and the optimisation update for El Romeral and I think there are some interesting details, in terms of potential tucked away in there.
The reference period of March - August suggests average weekly output of 283 MWhrs
The latest period of Sept-Dec(17 weeks) suggests average weekly output of 309 MWhrs, which is a 9% increase.
However, the optimisation project was only operational from 26th Nov, i.e. only affecting the last 5 weeks of the period.
Reasonable to assume that the first 12 weeks output was as the same as the reference period, which would indicate that the power output for the last 5 weeks (i.e. with the updates) was around 393 MWhrs per week.
i.e. a 39 % uplift over the reference period, which seems realistic as MR referred to a potential 65% uplift in the longer term.
Even with an ongoing 39% uplift this would translate into 363980 Euro per month based on 180 Euro/MWhr.
If 65% can be achieved with 24 Hr and 7 days/week potential coupled with a hike in wholesale gas prices that we have seen in the UK, this could be quite a cash cow. Looks like we will need more gas to feed the power station pronto, to fully utilise the 8.1 MWhr nameplate capacity. Having said that, there are utilisation restrictions that will limit the realistic output capacity below the 8.1MWhr.
Just for fun, if there is a further 50% increase in wholesale gas prices to 270 Euro and a 65% uplift in utilisation is achieved, this could represent about 546000 Euro per month.
A monthly update on El Romeral output/income figures would be good to see.

Significantly Blue today, with, I suspect, some late reported buys going through. Pretty glad I got mine sub 4p earlier in the week.
Seems like Pxen are getting their act together after some pretty dire leadership and direction from the previous CEO.
Now cashed up for Selva for the medium term and with plenty of potential with El Romeral in the shorter term, with increasing optimisation of production, set against a back drop of increasing electricity prices and then further gas production in the longer term.

Operastar:
I'm not sure whether you have answered your own question, but to clarify, I was meaning that the reference to the "start on site" is the start of construction at Plot 10, which follows the permissions granted to the whole Plastic Park, but with no mention of work commencing elsewhere in the Plastic Park.
In other words, the DMG is the priority within the Park, and will be progressed in isolation in the short term i.e. no dependencies.