Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Https://www.londonstockexchange.com/news-article/PXEN/successful-ramp-up-and-commissioning-of-pm-1/16071854
Agreed, lovely to see gas flowing as expected.
Nice re-rate from here.
Cash generative - game changer.
MyIPA - can disagree with your maths, so hopefully imminent.
Let's see on flow rates - good for me is they are flowing as expected and in-line with rates to achieve PXEN circa £300k per month at circa 30 EUROs TTF price.
It's a bargain down here - by winter expect we'll be 10p+ with ease.
Depends how quickly they turn the taps on.
Anyhow - lovely update overnight from PVE JV partner:
“Initial ramp-up is progressing in accordance with production and commissioning plans which is very pleasing. Once the ramp-up programme is complete, the Company will make further announcements on this process and future production.
The Selva Malvezzi Concession is the key area of focus for the Company and we are assessing the next stages of development including drilling programmes at Selva North, South and East and a potential seismic programme at the Riccardina prospect.
The Company will provide further clarity on these programmes as they are developed and stakeholder approval milestones are progressed.”
Imagine not that far off for additional permits.
Per earlier poster Initial Production of 30 days (IP30) is a fairly standard measurement period - if so, would mean early Aug confirmed flow rates.
Not expecting any issue with flow rates - but could be that PVE need to raise now they have Selva in production, which could be the driver.
Let's see - it's a false close, as close is on Bid of 5, when spread is 5 to 5.7.
Either way - as long as flow rates are all good no read-across to PXEN.
Maybe news tonight from PVE - let's see.
Agreed - it's in all shareholder's interests to have BOD with more skin in the game.
Now BOD holding standing at over 5% since last 2 CLN conversions - strong statement.
This also reduces Sept '23 CLN repayments on the interest which is another positive.
Looking forward to flow rates - expect PVE may release tonight.
Looks ace - straight to bottom line.
2 producing with assets shooting through 30’s in height of summer.
6 months of the year in 40/50’s and treasury will be swelling. This a likely and plausible scenario.
That’s ignoring any additional permit news.
Under 7p is cheap as chips.
Simple hold or add down here - expect minimum 10p in Autumn / Winter, but hoping for at least 12-15p to revisited before year is out.
PP
Indeed - expect this week.
Remember - Mark is always reliant on operator to release news 1st.
Strong positive flow rates with TTF’s cranking up - good timing.
Selva additional permits can’t be that far off either.
Https://youtu.be/6znxosHgNJ8
Another interesting interview, UK govt contract award pivotal.
Looking to accelerate growth via US distribution partners (one new partner recently announced).
The more I reflect and the more I listen, the more I think this an undiscovered gem of a company.
8m mcap is a snip to build a position.
Kerry and company seems breath of fresh air - let’s see.
No warrants / no debt - make’s a huge difference to the value we can reap as early investors as well.
And appreciate this was a strong consideration and of importance to TR1’s as part of the RTO.
Right product, right salesfoce, right leadership, right sector.
Winds of change coming.
Multiple factors in play now; technically / fundamentally/ politically / buyout.
Which all point towards a quick return to 8-10p range for starters.
Strength of cash producing assets is undeniable.
Fantastic opportunity for investors and traders alike at 7.05p.
Agreed - gas flying, TTF’s 30+ now (in summer).
Cheap as chips.
Expect 6 to 8p pronto.
Smart buy early.
No debt / no warrants.
Onshore low jurisdictional risk European assets.
Excellent interview:
- expecting to announce regular contract 📑 wins & partnerships
- pipeline looking healthy
Under the radar 8.5m mcap.
agreed - not hard to see what’s going to happen here.
moves very quick once seller exhausts.
fundamentals are solid and macro gas going one way post summer. with spanish political winds providing expected tail wind soon, h2 will undoubtedly be strong.
people forget han**** are private company, so don’t need to formally announce news - that’s not to say pxen won’t, or others informally.
feels like some news may be bubbling away.
let’s see.
When TTF’s hit €60, income from Selva alone will be circa £7m.
That’s a lot for a circa 17 mcap.
#ACRM - excellent contract win (circa £400k) with government department (expect MOD).
The simplicity of the narrative here is key:
- Cyber Security SaaS company.
- Accretive revenue via new contract wins materially moves the mcap val
- Minimal barriers to execution
- Pipeline over 200% of existing revs
- New partnerships and focus on growing indirect revs (minimal impact to OPEX)
- High margins / High retention and renewal rate (96%)
- New, hungry, sales and commercially orientated CEO wanting to make a mark
Agree - great volume this week, often indicator that news is inbound.
1st contract will light the fuse.
Under 10p is simply cheap.
Moves on not much....
- Italian Selva asset; expected to generate €3.6m* to the bottom line net of Vat, Royalties & Taxes from Q3 ‘23 for 5yrs from just 1 well
- Selva gas plant construction complete and Production started, with BP offtake already signed for 18mths
- 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+ per profit annum to PXEN
- 11 more wells once permit granted in coming months. 3 wells to be drilled immediately.
- Only requires 2 wells at 25,000 scm/d to increase 30% 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% investment funding decision due.
- All fully funded from CLNs and 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.
- Current mcap 16m / SP 5.65
*Dependent on Gas TTF prices
Gas prices soaring and a huge demand for European oil and and gas providers anyhow, let alone in current macro geopolitical environment.
47% of Italian gas from Russia….
Expecting new CEO Mark to be catalyst to get Italian licences over the line, current climate should clearly help, and Spanish asset output expected to grow.
Great time to buying now placement churn appears to be done based on Friday activity or very close and technical bounce on 4hr, with Daily confirmation soon.
Took 4m shares on Friday - very exciting prospect right now ripe for investment.
PP
Bright future ahead here - so undervalued and a steal at these prices.
Technical bottom in - whiff of news and we’re off to the races.
Good time to have an undervalued gold play as part of your portfolio.
Chunk of Mcap accounted for by ownership in PALM Ltd alone….
Bounce on - 10p+ incoming.
PP
Good to see - technical look better.
Expect that was the bottom - let's see this moving next week.
Undervalued junior miner producer and explorer....
Hit 61.8% fib today - hopefully that’s the bottom.The company have delivered on all aspects they've stated so far.But this is not a crypto stock but a mining stock - all signs positive so far.Market price will soon catch-up again - meanwhile, enjoy buying opportunity to enter or average down.