The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
And finally telegram group with nearly 250 members has 5 of the TR1 holders in it. Don’t see that everyday
Indigenous European onshore gas in safe regions is now very much in demand
You never know this could look very appealing to bigger whales
Obviously do your own research
As the broker note said a strong indication/ opportunity for dividends moving forward
Cash - revenue will be used for future wells
Potential look a like future selva wells and El Romeral are shallow drills
New CEO has done a placing at 3.5p with no warrants and CLN notes at premium prices
Mark is here to build a company and is demonstrating he is not here to dilute existing shareholders
5p Director options I expect will be converted in the near future showing further commitment
Only time to buy is when these shares are on offer as the register is getting very tight
Fully cashed up
Italy gas field development
El Romeral 11 potential drill permits
Tesorillo a monster if the ministry sign it off
Future new assets / developments
Solar energy
Blue hydrogen
Gas storage potential
Infrastructure/ power station in situ
Close to National grids
Only 330m shares fully diluted inc, CLN’s
Only 8/9m warrants outstanding
Broker note is £66m MCap 20p ex Tesorillo and is for selva 1st gas and El Romeral current production
Gas prices and forward future prices 24/25
Share price mechanics TR1 holders have been adding thus far and none sold
The big rise will come now the legacy 3p holders have sold existing stock to pay for warrants and / or sold converted 3p shares into the market
The potential here is a transformational game changing investment
All in my opinion of course
5 TR1 Holders in the pxen telegram group
Nearly 250 members
Zak short term target 14p end of Oct and Broker note at 20p is first target
Dont be surprised to see this run to £200m MCap
Premiums paid .9p today
Quoted 1.24p for 3m shares today
Will move up next week
Very tight register
Becoming visible now
Mcap £200m is most possible long term imo
Nice rise today and another TR1 RNS
Squeeze is on
The 50% rise in the SP was due to 2 RNS's last week on the same day.
TR1 holder increased their holding from 3% to 5% and cleaned out the free float
66% of shares held by BOD's / TR1 holders
the radar.
Uptrend charts are the best
Multi bagger me thinks
SP down 60% yr on yr
Cash raised at 12 month low
1-1 warrants at 8.5p
£1m will get burnt quickly
Converted warrants mean 50% dilution to existing holders
Placing holders will follow type and sell out leaving warrants to convert if and when we see 8.5p
Just saying it as it is
Dont think we will see 6p plus for a very long time with sentiment on the floor unless we get positive drill results
SP already sub placing price
GLA
What do we see first 4's or 6's SP
A shocking statement from the RNS, Basically living beyond their means.
Been bigging it up for ages and then explains he has no money to do any of it
No wonder he said he had investors sat on the side
Sadly no different to other explorers, massive dilution and even now that cash won't last long
In committing to this financing, the Board was left with three options: raise to "keep the lights on"; raise to drill a single target that would likely see us quickly returning to the Market; or raise to embark on one of the most audacious, cost effective, discovery drilling campaigns ever conducted by a Canada-focussed London listed junior. We chose the latter.
TR1 holders have been adding over the past 12 months, tells me all I need to know
Look at all the Holding RNS's
Indi its on the Warrego website
interview out with Zak and Mark
Zak short term target 7/8p
Q2 revenue up 28% on Q1 for El Romeral
Tesorillo asset moved to Minster for sign off
Warrego JV partner issued RNS in Australia this morning expect RNS from PXEN Monday I guess
Selva Gas Field licence confirmation is game changing
£10m MCap, fully funded and huge re rate going to happen in here
IG- Holding TR1 positions makes it a tad difficult to be economic, transparent is the word I think you mean
LTH's know I reduced my holding in here, no great secret likewise in the telegram group
Bottom line is 4p is another good entry point so I have said thank you I will buy back some more again.
Must be loads on offer as I have bought 4m back so far and its not moved a muscle
Markets in turmoil has not caused a SP drop from 8p to 4p
What we need is less noise, CPR panto, less rainbow chasers, fluffy coffee chats with Malcy or a n other and some facts
We need timelines and production from the PB 16-2 well
ZPHR is all about the PB, that's why I invested at 0.55p and 2.5p
The delays, placing, lack of substance and better alternative investments is why I left. Plan was always to come back Q4 but things have unravelled faster
MCap is expensive imo based on current production levels and that's why at £100m MC lots of people downed tools and left
Now back at 4p I think it represents a fair value and is oversold and a good place to put some cash in again
I just think Colin and the gang got a bit infront of themselves and lost the plot, I am sure they are revisiting the here and now and we move on
Thats just my view having been here for nearly 2 years
Good news is Tyndalls are standing strong which is good to see, by the time they took the 2p placing, bought on the open market and took the 5p placing they are probably only just breaking even after investing in March 2021
Afternoon all
When I thought it would drift I didn't think it would be this far and this quick
Anyway the technicals for MACD and RSI are at a low point if you track the last 2 years
The upside is its let me buy back shares at 4//4.1p
I would imagine Tyndalls are filling their boots again at 4p
Always said it will be good just going to take a bit longer
Sentiment could do with a plaster to repair it, happy to wait it out now for 2023/24
Bulletin Board looks a bit quieter, not to the pre Oct 2020 levels yet
GLA
Looking good in here
Undervalued and under the radar
European Gas assets the place to be