George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Per TR1 holder message in TG:
Important things to remember
1. Owners & BOD’s have 50% of the share register
2. BOD’s happily let the historical warrants past the deadline date and expire
3. They raised funds for the RTO with no warrants
4. They have no interest in diluting their holdings
5. New revenues move this nearer to profitability
6. New contracts / renewals bring in cash and reduce the need for funding
7. SaaS multiple valuations are high
8. RTO was at 6.75p with minimal free float
9. Sales pipeline £4m +
10. MCap only £5m
I'm in.
......In someways mentality between 5-7p should be indifferent.
As that's the range - per charts.
E.g. shouldn't get too excited or underwhelmed whether at 5.5 or 6.5p.
Easier said then done - but ultimately it's all about breaking this range one or other.
I think %'s and likelihood are more in favor to the upside breakout by some margin.
Then we celebrate a change in sentiment.
The next ONDO style move with news.....
Bottom looks in.
No debt - CLN’s/ warrants.
Agreed, low 4's is tremendous value for mid term perspective.
No debt - CLN’s/ warrants.
▶️ 2.4m sales
▶️ 4m contract pipeline
▶️ Renewal rate 96%
▶️ Renewal value 124%
▶️ Close to 60% share register held by BOD or TR1’s
▶️ RTO Deal price 6.5p
£5 mcap / 4.2p
Still early - 7/8p 1st target 🎯
Expect few more contract wins and maybe business update ahead of y/e.
Agree - it's in an uptrend from double bottom in Aug and then Sept.
I can see 7p going quite easily soon - with that 8-10p trading range re-captured from Mar-Jul '23 period.
From there - not a big shock to see a spike out of range to tag 11p again.
Anyhow, base building nicely.
End of year and Q1 could be interesting times with fundamentals strong.
Cash cow has just begun, can easily see how PXEN is a takeover target going forwards.
....looking ace here folks.
Weekly / Daily / 4hrly all looking good for another go at 7p - once it's through, expect 8-10p range to be found quickly as there was little trading volume in 7-8p region on way down.
Diff angle view - additional drill will be only about 1.5mish, which we pay 37%.
So say circa 500k required from PXEN.
I'd say there's plenty of excess cash after another month or 2 of production to have surplus cash.
Question is then what is best to do with that cash - personally, I'd prefer to not buy a new asset and see Mark continue to develop 2 organic assets, whilst considering share buyback to underpin SP and help with any buyouts / takeover bids that may or may not materialise in the short to medium term.
PXEN are an investment company - maybe it's time to consider best strategy to support exit strategy.
Lovely news overnight - pretty much as expected:
➡️ Q3 production stats include 8 weeks out of 13 at full production, with 5 weeks at start being ramp-up.
➡️ TTF's avg price for Oct is 47 EUR vs 36 in Q3 production period.
➡️ Production scaled back slightly in Oct to allow testing to increase flow rate to 80k target.
➡️ 80k scm + 50 TTF's = £5.2m p.a. to PXEN*
That'll do whilst we await permits for additional wells - once they are in play, then the cash really does role in.
Easy hold here - 7p being hit as we speak, will be surpassed imminently.
*excludes Spanish assets
#PXEN
Worth remembering from Selva alone:
- @72k scm + 50 TTF's = £4.6m p.a.*
- @85k scm + 50 TTF's = £5.5m p.a.
- @100 scm + 50 TTF's = £6.5m p.a.
- @100k scm + 60 TTF's = £7.8m p.a.
*Current production
- ➡️Increased SCM
- ➡️New Permits Selva
- ➡️New Permits El Romeral
- ➡️Continued higher TTF's
Lots to look forward to.
Tasty.
Big buys in today - Peel Hunt seller nearly moved on.
100k share buy limits.
Lower low looks to be in.
Fundamentally and technically ready to move up and take another crack at 7p.
So the guy sold Warrego for a bundle is now Director of company which bought it out and looks likely (joining the dots) to be the driving force behind Tarba now........mmmm, intersting.
Great post and spot on @theyknowitall.
European gas supply still extremely sensitive and so many potential triggers in play.
Gas commodity linked shares will do well - #PXEN is in the Euro / Pound seats.
72 scm stated by Kevin (JV CEO) in recent interview.
With view to increase.
Even at that flow rate - and with current TTF’s, we will receive 5m+ per annum from 1 well at Selva alone.
Increase flow rate by 10%, increase Rev by 10%…
Lots of upside and current base rate is excellent.
Spanish electricity prices also surging, so expect El romeral annual income to be £500k+.
Add in a new permit at either Selva or El Romeral and this rockets 💥
Add in new permits at
Circa 650k buys printed / 100k sells printed
So 531k WH Ireland to sell today = 631k sells in total so we're pretty much net.
Yet nearly 10% down - expect a few buys early next week gets this back up quickly.
Nice 250k buy at 6.9 towards end of day, finishing strong.
#ACRM - bit of a firesale as WH Ireland were issued 531k stock for services as part of RTO and have dumped today, so great opportunity for those looking to get in early.
Notes for reference and recent interview:
✅ Biggest opportunity is North America (NA) - building pipeline, mostly from partners (circa 6 months sales process)
✅ Partner manager appointed last year to build NA partnerships
✅ Partners in US similar to UK but also introducers with 150 FTE sales force
✅ £5.4m assets with plans to grow assets but primary driver on revenue (SaaS companies valued on multipliers of revenue)
✅ 5 or 6 x multiplier of rev for reasonable valuation
✅ Promising contract due in Q4 - inference akin to recent £450k contract - plus others
✅ Expects to win orders in US within next 6 months
✅ 1.8m Rev / 4.2m Pipeline
£5.75m mcap / 4.75p - seems cheap to me.
https://x.com/stockboxmedia/status/1708861432719188392?s=52
Https://twitter.com/Borg74/status/1712665395839095120
In homage to the rugby 🏉 World Cup….
…I think we’re on the cusp of that game changing line break!
Fundamentally and technically primed for a run back to 8-10p range.
⛽️ ⛽️ ⛽️ ⬆️⬆️⬆️💥💥💥
Https://news.sky.com/story/uk-gas-at-six-month-high-after-israeli-field-closed-and-finish-pipeline-deliberately-damaged-12981642
All points one way......and it's not even cold yet...
Buyers in...
TTF's above 50......