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Mark also stated:
""We can grow company way beyond double the valuation of the company"
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.
From @theyknowital in #PXEN Telegram:
“The thing to remember since July last year is
1. £2.6m of debt & historical interest payments have been paid down
2. There will be no debt at all from end of this month
3. Gas plant, Nat grid connection & production / revenue has commenced in Italy
4. Spain drill permits re submitted Q1 2023
5. Organic assets are % holdings are owned by PXEN & are low cost as it’s an investment company / onshore shallow drills
6. Revenue being banked is gaining interest know doubt
7. Gas / Energy sector price looks like it’s found a min. Price point with plenty of upside. EU Gas supply security is never far away & it’s the transitional fuel
8. Looks like SP upside is in play from here based on fundamentals. No value is associated to CPR’s / future production / Tesorillo / Solar farm
9. The Nat Grid connections are an “asset” in their own right
10. I fully expect the upcoming weeks / months to be very fascinating & see what transforms
11. £16m Mcap with about £2.5m cash, no debt, revenues, self funding and the future revenues. MCap Inc cash only £13m ish which I let you decide what you think of that. Check out non producing other AIM miners / explorers with future risk of dilution and do the maths. I won’t name any companies but you can do that yourself
12. 3 Italy look a like wells would bring in circa another £9m revenue per year at current price model
13. Spain at 100% would bring in about another £4m revenue per year at current price model
14. Spain solar farm once permits land would be developed on the leased land generating significant revenues
15. Then there is Tesorillo with 830 BCF which is a world class asset and needs unlocking
16. That type of cash generation is why this is a take over target. The Nat grid connections are like hens teeth
17. Any TTF upward price brings major compounded revenues
18. Commercial lifespan of the wells are significant”
Ex Director @ CFC Underwriting - one of the leaders in cyber insurance.
Big statement.
Under 5p very cheap.
...seller not reloaded up, so 4p indigestion may be clear now.
See what next week brings, but nice churn this week and resilience of SP at 4p.
2-4 contracts in near future would be lovely.
Suggest 6.5p would be fair value about now - in better market conditions - circa 8m mcap.
The lack of debt and cash in the bank - as well as 7.9m growing pipeline - with retention metrics strong, and risk mgt / cyber key industry topics, it feels like we are pushing against an open door.
We've seen in the UK - where the 1st govt contract led to much bigger contracts following.
1st contract landed recently for US govt - surely same will occur, more and bigger contracts to come.
We've seen in the UK - where the 1st govt contract led to much bigger contracts following.
1st contract landed recently for US govt - surely same will occur, more and bigger contracts to come.
There's a high barrier to entry to win those type of contracts - but once you're in, you build on the base and difficult to displace.
Bought more today - think that’s the flush to see if sub 4p selling, let’s see. Thoughts below:
——————————————————————————
#ACRM - 4p tremendous value for mid term perspective.
No debt - CLN’s/ warrants.
▶️ 2.9m sales rev (70% increase in 9 mths)
▶️ 7.9m m contract pipeline (88% increase YoY)
▶️ Renewal rate 85% (reduced due to low value contracts not renewed)
▶️ Renewal value 124%
▶️ Cash 1.2m Jan '24
▶️ Close to 60% share register held by BOD or TR1’s
▶️ RTO Deal price 6.5p
£4.86 mcap / 4p
Still early - 7/8p 1st target 🎯
Expect more contract wins in next few months, per last RNS, several other opportunities anticipated to close.
...happily accumulated chunk of 500k and 100k at 4p and 4.1p.
Also another 110k buyer, so that's circa 700k of 4p shares swept up.
Quote to buy 300k shares at close was 5p.
Will move up nicely when ready.
I agree - not keen on any buyout in immediate short term as Mark is prime position to develop assets organically.
Italy is already in play with additional permits seemingly highly likely, with limited obstacles.
Spain is the area I personally would like to see traction on - Mark needs to find a green solution to unlock the asset. This to me is clear based on limited progress to date. It a solution is found, with limited risk and financing, then we have 2 horses in the race.
Importantly, any green solution which does unlock El romeral permits, would also naturally lead to view similar could be done for Tesorillo. Game changer.
Neither Spanish assets are materially factored into existing 20p broker - with 1.3p value attributed.
Above is why I’d prefer buyout / offers to be entertained post next Italian permit, and more importantly, Spanish green solution to unlock permitting on those assets. Then we’re in play.
Either way, exciting times ahead - solid financial and asset footing.
Https://twitter.com/TKIA_1/status/1758418139119829271
Very credible:
https://www.moneymarketing.co.uk/news/investment-entrepreneur-fry-retires-after-44-years/
What's cooking....
Set for success from here old boy.
Happy with my 8m shares.
If you’re not invested - maybe go play with your mates or top up your piggy bank and enjoy your half term 👍
Nonsense.
How else do you think PXEN would have built a gas plant and a pipeline?
Raising £1.87m at 4.25p was not discounted , had no warrants and the only way to raise cash without revenues.
Now it's all set-up - with 2 cash generating assets being able to self-finance future organic growth of assets with no further dilution to shareholders.
No debt, no warrants, no CLN's post March.
Meanwhile, as one wise know it all stated:
"retail favourites are being diluted to death with no production to cover board wages, admin and drilling costs: Cash is king.Dilution always the answer. I hate to think what the MCap for all these non production companies are #BOIL #PREM #HE1"
Meanwhile in Aus, Chairman of PVE who are the JV partner and operator for selva assets in Italy has added shares to his holding this week.
Negligible debt - and will be gone end of March and converted for equity.
I don’t think many companies have such a clean setup post March:
- No debt
- No warrants
- No CLNs
Just assets producing actual cash.
Https://twitter.com/DavidBurton1971/status/1757699293824040975
More rumours
Beast is stirring - look at those big beasty buys today:
- 200k
- 150k
- 100k
- 50k x2
- 250k
- 600k
- 500k
Fab volume - something cooking in Mark Routh's kitchen.
Well hello there Stiffy old chum, few points:
1) Great to see we’re in violent agreement on being long pxen.
2) Well done on buying more cheap shares
3) Like Pinocchio, who was rather stiff, you seem to like a porky. You were removed from the jovial TG for calling me the Chancellor of the Exchequer, which I think is a) a disservice to the real Jeremy Hunt, and b) your stiffness seems to be a better comparison to dear old Jeremy.
4) Technically the weekly chart is looking nice and bullish with a falling wedge bullish reversal pattern, so says those in the bingo hall know 👍
5) Slide back into my DM’s old boy in TG and I’ll let you back in - just keep it clean Mr Hunt 👌
Interested buyers expected to fuel run to 10p and beyond.....no smoke without fire I'd expect.
https://twitter.com/TKIA_1/status/1755566937331880351
Plant Power is Theyknowitall = wrong......anyhow, I've told you twice now.
Not much on offer at 6p into close - good to hold this area and build again.
I’m not daft - or buying and selling for pennies as you’ve repeatedly declared.
Exit strategy = liquidity event.
That’s wealth creation 👍
I wish I was James Simmons with his holding!
Only circa 8m shares here 😎😎😎