Member Info for PlantPower

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

Half year results - liabilities should look much better.

But clearly there will be no cash from selva - so not expecting much.

Also, El romeral cash generally appears to stay in Tarba, so might not show as cash on balance sheet.

The full year will look much healthier. Saying that, still expect we get PVE update on 1st cash payments and flow rates 🔜 to give short term steer.

Maybe worked buy throughout day or broker buy.

Nice purchase anyhow.

Let’s not forget - 1 of the largest gas fields in the world closes in a few weeks 👍🧘

Further upwards pressures on TTF’s incoming.

https://www.offshore-technology.com/news/groningen-gas-field-closure/#:~:text=Extraction%20of%20gas%20from%20the,the%20Dutch%20Government%20has%20announced.

Agreed - I would be gobsmacked if that's not an indication bigger contracts are due to roll in shortly.

Love it.

Nice steady presentation:

✅ 2 producing assets now from onshore indigenous European gas assets

✅ Balance sheet strenghthening month on month

✅ CLNs - expect more conversions into equity to reduce cash outflows, CLNs held by 'known' HNWI's (inference of holding)

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

To be fair to Mark, he's really turned around Proxpex - it's in an extremely strong position now, and circa 4.5m euros flowing in conservatively.

1) Further organic development of assets

2) Further acquisitions

2) Prospex becoming a ripe takeover target

...take your pick, all good options ✅✅✅

It's certainly ridiculously cheap at 6.5p!

Feel 8-10p should be a good short term target ahead of continued production and winter sentiment / increased TTF prices moving this forward from there.

I calculated (per prior post) PXEN should have circa £2.7m already, by y/e could be increased to crca £4.5m+

- Above taking into account Sept/Dec repayments of CLN if no more exercised

If CLN's were all to be exercised that figure could be circa £5m.

Not bad way to start '24 with 2 European assets producing FCF, and permits / expansion on both to come.

Https://twitter.com/ProspexEnergy/status/1699678889231208796

Not the most heavily advertised event in recent history.....but if anyone is hanging around Mayfair tonight wondering what's on.....

"Catch #PXEN CEO, Mark Routh presenting at the

@proactive_UK

One2One #Investor Forum, taking place at the Chesterfield Mayfair Hotel in Mayfair today at 6pm."

I don't sign-up to this trail of thought, but in many ways matters not, as we are where we are.

But expect many CLN holders are sticky / LTH's, if not, why not convert earlier - expect many are converting to hold, and believe many will be known to BOD.

Anyhow - looks like march to 8p will occur over next few weeks or so.

Very helpful - last question, what's the cut off date to convert ahead of 30th Sept repayment?

Https://wcsecure.weblink.com.au/pdf/PVE/02708235.pdf

https://www.povalley.com/investors/asx-announcements

Nice take from theyknowitall in PXEN TG post PVE's latest presentation update:

"The take away from it for me is it’s a simple mathematical / financial read across for the Italian producing well whilst the drill permits for the look a like wells are worked up. EG. Production well @ 80k scm daily x 35 TTF for 31 days @ 37% creates €320k monthly revenue whilst @ 145k scm daily x 40TTF @ 37% creates €665k monthly. I like the fact the production is coming on line in a managed fashion and not rushed. It’s the best approach in the long term. All looks good in here imo. The last 6 months we have seen a sell off / profiting through the combination of the exercised warrants being sold, traders moving on, big legacy holders selling down, distressed sellers ,conversion of 75% of CLN’s which in the main l think are long term holders as they were not converted when the SP was 15/20p region. Very bright future ahead with good cash levels, income, only circa 320m shares and no debt once the small amount of CLN’s are converted"

The other points re. today's RNS worth considering:

✅ Contract win to existing client

✅ Addition to their existing contract

✅ States further opportunities identified within this client and other existing private / public sector clients for STREAM

So more than just the £87k on closer inspection:

👉 Further proof that existing clients are a) being retained and b) being 'upsold' / taking more services

👉 Re-affirmation of further opportunities in play

So whilst 'just' £87k (4% of rev) - if Kerry and team can continue to add multiple contracts via existing and new clients, which we know is 'sticky' based on retention rates, then the story quickly unfolds

Agreed - getting tight now, appears material seller of last few months is done.

Let the re-rate kick-on.