Member Info for PlantPower

Possibly - the exploration is too big a fish for others to pass up.

https://ftseaim.co.uk/prospex-energy

The golden cross is a momentum indicator, which means that prices are continuously increasing—gaining momentum. Traders and investors have changed their outlooks to bullish rather than bearish.

The indicator generally has 3 stages:

1) The first stage requires that a downtrend eventually bottoms out as buyers overpower sellers. ✅✅✅

2) In the second stage, the shorter moving average crosses over the larger moving average to trigger a breakout and confirms a downward trend reversal. 100 DMA ✅ 200 DMA 🔜

3) The last stage is a continuing uptrend after the crossover. The moving averages act as support levels on pullbacks until they cross back down. ⏫⏫⏫

Today’s triggered avalanche of buying shows me how much money is on the sidelines and how many watchlists are monitoring this share for entry on daily basis.

Again, any wait to buy in lower than the small amount on offer @ 5.38p yesterday/ today proved frivolous. Those cheapies were mopped up and then multiple buys kicked in taking ask to 5.8p+ in under 1hr.

I don’t think we see low 5 buys again. Got to buy when on offer - smart money appears to be circling - as demonstrated by today’s price action.

To be fair l, the man from Bristol has stiffed me:

- Circa £1.5m across funds owned from entities (eg Tarba) and taken into account April / May cash from Selva.

Worth mentioning Stiffy old freind - £1.5m in Director options not expected to be bought which start to expire in 9 months, so they will want to sell the company.

Mark is very conservative and trusted - which is great for all shareholders.

But that bit of flamboyance (on the 1st slide anyhow), pointing to how he's been involved with 2 companies to date which he helped grow and sell for multi-millions was telling for me.....even if his facial expression belied this.

1st time I've seen him bring this into the conversation.

Maybe he needs to hit Las Vegas and the poker tables....

Meanwhile - come on Stiffy, join the TG again, it’s about to get fun…

#PXEN - research 🗒

✅ 2 producing assets now from onshore indigenous European gas assets

✅ Balance sheet strengthening month on month - circa £2.5m in bank

✅ Use cashflow to self-finance future drills on both Selva + El Romeral, no raises needed for this activity

✅ No Debt / No Warrants = No Dilution

🔹Italian Selva asset; generating circa €3m* Profit to the bottom line net of Vat, Royalties & Taxes from just 1 well

🔸PXEN own share of entire gas ⛽️ field - the next two targets contain a gross estimate of 10X the initial producing well- drill programme to be planned for next well(s).

🔹Spanish El Romeral asset in production: circa €1m profit per annum to PXEN

🔸11 more wells once permit granted. 3 wells to be drilled immediately.

🔹Only requires 2 wells at 25,000 scm/d to increase 33% to 100% production @powerstation (potential to increase to €3m Rev per annum)

🔸Spanish Tesorillo asset, once license renewed in ‘23, option to increase 15% to 49.9% ownership for €1.725m

🔹Other expansion plans around Spanish El Romeral asset to grow PXEN eg. Solar / blue hydrogen. Solar project to increase output by up to 60%.

🔸All fully funded from cash flow of El Romeral and Selva - no short / medium term raises!

🔹Broker note 18p- based on 1 Selva field & El Romeral @30% production. Rest not priced in.

*Based on TTF at 30

Future growth options:

1) Further organic development of assets

2) Further acquisitions

2) Prospex becoming a ripe takeover target

Bullish.

With monthly cash 💰 landing.

Crudely SP should increase 5% per month minimum or circa 1m mcap

Derisked.

#PXEN - research 🗒

✅ 2 producing assets now from onshore indigenous European gas assets

✅ Balance sheet strengthening month on month - circa £2.5m in bank

✅ Use cashflow to self-finance future drills on both Selva + El Romeral, no raises needed for this activity

✅ No Debt / No Warrants = No Dilution

🔹Italian Selva asset; generating circa €3m* Profit to the bottom line net of Vat, Royalties & Taxes from just 1 well

🔸PXEN own share of entire gas ⛽️ field - the next two targets contain a gross estimate of 10X the initial producing well- drill programme to be planned for next well(s).

🔹Spanish El Romeral asset in production: circa €1m profit per annum to PXEN

🔸11 more wells once permit granted. 3 wells to be drilled immediately.

🔹Only requires 2 wells at 25,000 scm/d to increase 33% to 100% production @powerstation (potential to increase to €3m Rev per annum)

🔸Spanish Tesorillo asset, once license renewed in ‘23, option to increase 15% to 49.9% ownership for €1.725m

🔹Other expansion plans around Spanish El Romeral asset to grow PXEN eg. Solar / blue hydrogen. Solar project to increase output by up to 60%.

🔸All fully funded from cash flow of El Romeral and Selva - no short / medium term raises!

🔹Broker note 20p - based on 1 Selva field & El Romeral @30% production. Rest not priced in.

*Based on TTF at 30

Future growth options:

1) Further organic development of assets

2) Further acquisitions

2) Prospex becoming a ripe takeover target

- £2.6m from 1 selva Well + £750k Romeral = £3.1m x 5 = £15.5m mcap based on current rev from online assets

- £2.5m cash in bank

- £15.5m mcap + £2.5m = £18m mcap

- Current mcap £18m / 5.5p

Above excludes:

- Costs: £1.1m incl. mgt costs + listing fees

- Infrastructure value: Spain and Italy infrastructure and connections

- Future asset value: additional Selva or Romeral permits

- Future current non-production value: Tesorillo

So 5.5p looks extremely cheap still - with a more realistic enterprise value of circa 15-20p / £54m+ mcap

No Debt / No Warrants = No Dilution

#PXEN - awakening with chairman of JV operator buying £100k of own stock.

It's very low risk with no debt / no CLN's / no Warrants / 2 revenue producing assets / Circa £2m+ in bank.

With 2 additional permits pending in both Spain and Italy to send it.

Technically looking ace as well:

https://x.com/marketgem/status/1777714065722269971?s=52

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 👍