Ok - based on average post initial ramp-up production of 37.57 Daily TTF.
Quick calc shows circa EUR 738k / GBP 637k from 7th Aug till yesterday. Based on 37% PXEN share factored in.
Add 4 weeks production figures to that pre 7th Aug - 1.8m at avg of circa 30 EUR TTF = EUR 219k / GBP 189k.
Excludes Selva cash / income, PXEN rev circa £10k per day and £826k since production started.
Not bad with very little debt (which is expected to be converted to Equity).
I strongly suspect they will be converted to equity - these holders are known to Board and TR1.
Nice to see higher lows on SP - bodes well, plus nice chunky 300k buy today.
20k share buy limit - looks like ready to move again soon.
If so, another lower low.
Each month that passes with profit being made - this company becomes firmer and firmer from a balance sheet perspective.
Which drives the fundamentals and then SP accordingly.
By year-end - we should have circa £3.5-4m in cash.
Https://twitter.com/hashtag/PXEN?src=hash&f=live
Ok - I’ve got it posted on Twitter under #pxen
*** = ****
https:
//****/joinchat
/k3k0hhqqkqlhmwi0
copy / paste above together
https://**************k3k0hhqqkqlhmwi0
Holding - 1 of the TR1 has just converted loan note to add 6m more, circa £250k purchase....shows confidence.
All TR1's have held for a long time now and expect in for end game - major development of assets, or imho, buyout.
Agreed - it's cheap.
£5.4m value of assets ☑️
£493k cash 💰
"Strategy:
~ Develop its business to deliver long term, sustainable growth in shareholder value.
~ In the short- medium term this is expected to come from organic growth & thereafter may also come from complementary acquisitions."
https://twitter.com/acuity_rm/status/1707304265293693345?s=52
Exciting times ahead....key with these type of shares / opportunities is to load up when no-one else is looking and just wait for market to catch-on and big contracts to land.
Looking ready to go.
"Above the 50dma with above average volume!"
Big statement by TR1 holder who converted loan notes to become biggest holder with an extra 6m costing circa £250k.....statement of intent.
Lovely volume - clears 7/7.2p and we are into a new trading range / market structure.
Let's see - exciting times ahead with momentum back in play.
Nice post Stiffy.
Re. CLN convertors, above and beyond 'chat room' pontification, Mark states below in latest Proactive interview at circa 23mins:
"Loan notes from HNWI and investors we knew already.....selection of individuals, not any institutions, HNWI who own shares, who are existing shareholders and management and other friends and family"
And TTF's still above 40.
With view 40-50 range for next month or so.
Cash, cash, cash...
PXEN is becoming a hot investment again - derisked.
There’s clearly a very strong relationship between CLN holders and Board.
No bucket shop raises here - trusted / known investors.
And - Trust.
In this environment not to take your fixed income cash repayments is a clear vote of confidence in Mark and the Board.
Maybe they have an inkling of what lays ahead.......
Strong day - very exciting start of the production journey.
Looking 👀 ace from here:
Fundamentals ☑️
Technicals (Daily/Wkly/Mthly) ☑️
TTF Gas prices tick ☑️
£6m+ per annum on the horizon With TTF’s moving north.
Cash cow - I’m pretty sure it’s a watchlist share for many - one rip and many will enter.
https://traderscommunity.com/into-the-maelstrom-lng-and-european-natural-gas-outlook-for-the-week-ahead-16/
Circa £5m+ revenues p.a. from Selva alone with TTF's in high 30's.
£16m mcap with no debt + cash reserves.
What's not to like.
Company is ready for lift-off - fill your boots.
Really strong base - financially the company has consolidated and is an extremely strong position setup for success.
£395k cash end of H1
€290k SNAM bond returned since H1.
Production cash since July
Loans & Borrowing reduced YoY - £2.6m to £777k*
Cash positive going forwards.
*expect further reduction ahead of CLN end Sept cutoff