Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
gary - if you check the month end sp close for july aug sept you will find it is increasing each month and july month and was the low point and it’s moving up from there that’s a fact and it is re rating
none of the cln holders i have met or know are sellers so yes it is legacy holders selling out which ended in july
check the volume from aug to oct when the cln were exercised it’s the lowest volume for 12 months
this is now a simple cash cow with no debt, organic assets and ttf prices at 8 month high
check out who is a director of warrego energy ltd which is now owned by han**** energy
might happen to be the owner who sold warrego energy to han**** energy
ask yourself the question as han**** is the majority holder of the operator tarba energy who is in control of this now and what does that mean for pxen moving forward
looks like a sitting duck as a takeover target
Slowly moving up under the radar
Heading for 6 month weekly high close this Friday imo
Legacy sellers have moved on
Recovery and re rate in the process
And August and September is the start of the re rate and recovery upwards and onwards
I expect October to do the same with hammers on all 3 months on the charts
Legacy holders selling / selling pressure / volume ended in July and they sold out during the low TTF prices thus at a period when buyers were not as interested in buying gas stocks hence more sellers than buyers drive the SP down
Now TTF prices are up, debt removed and legacy sellers gone all is good
Last year it went from 7p to 12p very quickly even with warrants being exercised and sold.
All looking very good now if you can take a longer time frame than daily SP movement
Check the monthly chart out and it is clear, also the weekly chart is all setup with tight BB’s to break out
Eventually the technicals are catching up with the fundamentals. TTF Gas prices look like being the catalyst to move this up pre production, revenue & permit news
Expect this to be taken over moving forward so all looks good imo
Lord - The original commercial profit model was €19 so you are correct
TTF closed over €55
TTF at €30 equates to €360k revenue per month from Italy alone so do the maths. It’s about €670k per month
Plenty to self fund the other 4 look a like wells and then there is Spain
No debt and cash rich.
Filling up the bank account each month is a great place to be.
Fundamentals are so strong -
No debt
Cash rich
Revenue’s
Infrastructure in place
Gas producer
Multi targets on organic assets
Self funding
European Gas will remain volatile with security concerns at the forefront of people’s minds. This is set to remain unchanged for the rest of this decade
Future drill targets are shallow drills, cheap and only take about 6 weeks and can be done by self funding
Core multi £M infrastructure in place at both Italy and Spain
MCap £19m with no hidden dilution through warrants a real snip imo with the forward valuation of the drill targets on the organic owned assets
Cheap overheads as an investment company not an operator makes this a great T/A target
Broker note of unrisked 41p & risked 21p gives a great view of the investment mid term play and long term rewards
Not sure we will see the long game here as you would think people will be keen to snap this up
As for the value it’s very clear and obvious
When a SP is trading in a range for a period building a big base it tends to move quickly once it starts to move
The traded volume the past 3 months is the lowest for over 12 months suggesting the share register has been corrected and the legacy holders / traders have moved on unlike the the TR1 holders who are still sat invested. I wonder why ??
You really are such a fool
35m new shares added in the last few weeks
The lowest volume traded in the last 9 weeks for over 6 months
SP dropped 16% in 2 days on 500k volume lol
MM'S happy picking off cheap sellers and keeping it at these levels
Premium price over 7p to buy any volume
Easy share to hold with the fundamentals are set up
My money is still for a take over
Position by adding 6m agree to take him over 20m shares / 6% and becomes the largest shareholder
That explains where a load of the CLN shares have gone
Tells me all I need to know
GLA
Gurk - All about entry & exit
Ufo echo zphr we’re all big winners for me but Palm was disappointing I agree
I don’t see any requirement of further dilution or funding in here and Mark also said this
Good luck if your invested in here.
To consider the organic assets, the infrastructure already in place and the ability to self fund the development of these assets
P/E ratio of 1
Its cheap, say no more
Ray - you have posted twice in here
I can’t think for one reason why you have
No surprise as the deadline date of 30th Sept has been in the public domain since they were issued in 2022 and Mark stated watch this space with regard conversions at the proactive presentation
Fact is there is no debt, cash reserves and revenues
MCap will be multiples from here but I suspect it will be taken over before that happens
Nothing stopping them apart from they could of been converted at anytime in the past 15 months with the SP north of 15p and they weren’t
Deadline to convert is this Friday and it was always clear they would be converted as the 31 holders are known to Mark
Also the 4.25p were subject to 12% interest and the 5.5p to 15% interest
£1.4m debt has been removed in the past 4 weeks and I don’t see any selling pressure
No debt, £2m cash inc production since July and circa £500k income per month
They are converting as a they anticipate this being taken over at many multiples from here
Remember broker note is 21p
Simple hold and let it play out
Clear the traders, legacy holders and distressed sellers have gone
No lifestyle debt ridden AIM share here
£16m MCap companies with no debt, cash reserves, circa £5m PA income with purpose built infrastructure, 2 national grid gas connections and multiple wells to drill post permits on existing organic assets do not hang around for long and WILL get bought out
Company has done an amazing job the past 2 years to get it to this point and now is the time for the company to grow through self funding expansion or get taken over
Very exciting and rewarding times ahead for shareholders imo
Lord
The economics of the wells were commercial at €19 TTF so the higher the price the longer the well becomes commercial
The numbers below definitely indicate that current cash off sets the tiny debt . Expect more CLN’s to be converted before next weeks deadline imo
Company is now set up in a very strong position to move forward or be a takeover target
Current cash generation make this an undervalued company
Updated broker note was issued yesterday basically saying the company is now significantly de risked with debt down and Italian production
Dugwalker - PXEN is an investment company and will not update markets on flow rates until the operator has
No news is good news imo
Remember since end of half year the €290k snam refund has landed, selva cash being generated for nearly 3 months now
Not many CLN’s left to convert and the deadline is next Friday
Great base to move from now with cash in the bank, strong revenues & no need for future funding
Looks a very attractive take over proposition with a clean balance sheet and national grid networks in Spain and Italy with infrastructure already in place
New contract increases current revenues by about 4% based on previous update
This is from an existing customer adding to its current service levels
Fully expect to see lots of similar size new contracts and larger ones over the next 12/24 months
MCap £7m makes this a bargain at this level
Direction of travel looks clear to me
P/E currently is only about 1
Lots of upside here
Good to see Ocker is still here 4 years later still making random posts. Surely you must have something better to do
20p looks a great first target for me
You can not sell CLN's until they are converted into shares and an RNS is released
Once you have the shares you can then trade them
As they were not converted at 20p there is very little logic on them being converted and sold at 6p
Nothing to see here