Member Info for PlantPower

Hi @bigmj - do terms allow for CLN’s to be converted ahead of each 1/3 repayment date or just at the point of 1st repayment date?

E.g - can’t convert remaining CLN notional once accepted 1st 1/3 repayment.

Based on prices - pretty confident they are worked buys.

Incomings YTD '23 (+£3.04m):

- £1.5m PXEN '22 Y/E

- £428k (EUR 500k) Tarba '22 Y/E

- Tarba '22 Y/E circa EUR 1m profit, so let's say EUR 500k to PXEN

- £240k (EUR 280k) SNAM Bond returned

- £500k Tarba estimate Jan-Aug

- £372k Selva estimate EUR 435k @ 30 EUR (conservative)

- 1.8m scm (pre 7th Aug) / 2.16m (post 7th Aug) = 3.96m scm @ 30 EUR

Outgoings YTD '23 (-£364k):

- £214k Non-Convertible loans

- £150k Salaries YTD??

Current cash circa £2.676m*

*Post Selva cash received to end of Aug)

Owe (£1.45m):

- £1.2m CLN's (if not converted - split across Sept '23 / Dec / Mar)

- £150k CLN interest (if not converted)

- £107k Non-Convertible loan (Dec '23)

@zak agrees with bullish divergence in play from technical perspective.

Clear 6.5p and aim to hit 10p next 4-6 wks

https://zakstraderscafe.com/bulletin-board-heroes-august-31/7599/

Doing the calc - Mark Routh’s stated €360k per month / $4.3m / £4m per annum, is based off circa 100k scm/d and €30 TTF.

So just need to ramp up daily production from 75k to 100k scm/d - expect that will be confirmed in imminent flow rate update (plus 1st cash amounts confirmed from Selva).

TTF’s increase to 40/50 (already circa 40 Eur) revenue increases to £5.3m / £6.6m accordingly.

Ignoring El romeral at 33% (circa €500k per annum) capacity and all other wells in both Spain 🇪🇸 and Italy 🇮🇹.

It’s cheap - fundamentals will win through.

Current mcap = Sub 17m.

Expect that was a buy - anyhow, in the book either way.

TA's view is that "bullish shark and butterfly in PRZ with bullish divergence".

September should be good.

Think we've hit turning point now.

Under 6p is a rare opportunity.

Update expected this week on 1st payment from gas production into accounts AND updated flow rates.

Expect both will be welcomed by the market - facts don't lie.

Such a tight free float and contract wins expected in Sept.

Today's move shows how difficult it is to build any position in size.

10p 1st short-term target.

Volatility continues with renewed strike notification by Chevron workers;

https://www.worldoil.com/news/2023/8/28/chevron-lng-labor-strikes-to-begin-in-september-surging-european-natural-gas-prices/

Continued reminders who gas supply is still hugely sensitive to any global “blips”.

More cash to PXEN - and expect demand to increase from Japan, China and Europe heading into winter.

Solid fundamentals, hugely undervalued.

Cyber & risk mgt SaaS focus ,under 8m mcap.

No debt - CLN’s/ warrants.

▶️ 1.8m sales last year

▶️ 3.8m contract pipeline (‘23)

▶️ Renewal rate 96%

▶️ Renewal value 124%

▶️ Over 50% share register held by BOD or TR1’s

▶️ RTO Deal price 6.5p

£7.8 mcap / 6.25p

Still early - 10p 1st target 🎯

Expect regular contract win updates akin to ONDO 🗞️ CEO stated 10-15 new ‘logos’ this year.

Few buys and it starts to pop.

Difficult to build position without moving price.

11p target 🎯 technically per below:

https://x.com/zakstraderscafe/status/1694276371726446736?s=52

Good point.

100% agree - the MM's job is not to size up the enterprise value and price accordingly.

That's why I'm more than comfortable from an investor perspective.

So now at £5.3m per annum based on 40 EUR TTF.

Yes £5.3m per annum FCF.

Current mcap undervalued.

Just need to get through Aug and then crank it up.

"Pxen is a commodity gas play.

If this goes to 40/50 TFF’s then it’s happy days.

Following trail below, doing the calc - Mark’s $360k per month / $4.3m / £4m per annum, is based off circa 100k scm/d.

Based on €30 TTF.

So just need to ramp up to that based on 3 week update.

Then if TTF’s increase to 40/50 revenue goes to £5.3m / £6.6m accordingly.

Ignoring El romeral at 33% capacity and all other wells in both Spain 🇪🇸 and Italy 🇮🇹.

It’s cheap - fundamentals will win through. Mr Market currently has it mispriced due to constant seller - patience key. Seller will exhaust.

I’m focused on Sept onwards when gas prices will increase, energy sentiment starts focusing on autumn / winter 🥶 and permits awarded."

Hitting 40 EUR TTF price again - really is a no brainer to hold / build / enter position down here.

Artificially low price - expect updates on flow rates this week, or next.

Cash is king - PXEN now have that pouring in each day.

Starting to show green shoots again.

Flow rate update next week - could be last catalyst required to get SP momentum back.

Hugely oversold - Gas TTF's close to 40 EUR again.....

She moves quick.

In theory news for PXEN around 28th based on 3 week mention in last RNS to review data from 'memory gauges' to determine long-term production levels.

Be good to see 72k scm/d increase to closer 100k scm/d.

Looking excellent - shows how fragile energy supply chain still is.

TTFs avg price from now till y/e could be very interesting and all the while adding cash in the bank.

Great to finally be producing to take advantage of TTF's spiking.

Smart investors adding down here.

Another stellar, insightful and thoughtful contribution ;0)

Lazy journo at best….keep it coming genius.

Great contribution chap

Low volume - good to see, more and more buys nibbling away and seller relenting will allow re-rate.

Feels like we've reached a nice impasse, once through, expect this starts gradual rise.

TTF's still in mid-30's, so good for FCF.

Monthly Timeframe technically now Oversold as well - that's oversold across the board now, another indication bottom has been found.

Feels like end of Aug / early Sept will be turning point.