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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Molecular Energies Plc | MEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.00 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.00 | 5.50 | 8.00 | 7.00 | 7.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 26/4/2024 07:03 by all in eol Molecular Energies plc (AIM: MEN), provides an update on the matters described in the circular to shareholders dated 28 March 2024 and further information on shareholder communication following cancellation of the admission of the Company's ordinary shares to trading on AIM ("Cancellation").Cancellation of admission to AIM Cancellation will take place at 7.00 a.m. on 29 April 2024. The final day of dealings in the Company's shares on AIM is today, 26 April 2024. Website The current format of the website of the Company will be re-structured and will be live with effect from 1 May 2024. The website will provide up to date information with regard to all material developments of the Company and members of its group. Whilst some sections of the current website will no longer be applicable, in order to promote transparency as a private company new features will be added with the aim of strengthening the connection between the Company and its remaining shareholders. Communication Molecular recognises that as a private company, it is imperative to ensure that those who came on its journey are kept regularly informed. Accordingly, Molecular will publish news of all material developments both on its website and via its social media accounts, which it will continue to maintain. A regular newsletter providing business updates will be issued with the first anticipated by 30 September 2024, by which date the Company anticipates that it will publish its annual accounts for the year ended 31 December 2023. The Company will maintain its shareholder communications email address - info@molecularenergi Dealing Arrangements The Company's ordinary shares will be admitted to trading on the JP Jenkins securities matching platform from the 29 April 2024. JP Jenkins provides a securities matching venue for unlisted or unquoted assets in companies, enabling shareholders and prospective investors to buy and sell shares on a matched bargain basis. JP Jenkins is a trading name of InfinitX Limited and Appointed Representative of Prosper Capital LLP (FRN453007). Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders or potential investors can place limits via their existing UK regulated stockbroker. The indicative pricing for the ordinary Shares (ISIN: GB00BMT80K89), as well as the transaction history, will be available on the JP Jenkins website at ( The provision of the matched bargain facility will be kept under review by the Board and, in determining whether to continue to offer a matched bargain facility, the Company shall consider expected (and communicated) shareholder demand for such a facility as well as the composition of the Company's register of members and the costs to the Company and shareholders. |
Posted at 18/4/2024 08:38 by nafnaf3 Massive lost here too but 50/50 on buying more at these prices and hope it eventually comes good but obviously concerned about delisting & how to buy/sell shares off market??? One thing that bothers me so much is Paraguay Drill was suspended but equipment remains on site??? Everyone presumes duster but nothing offical therefore these shares could still be the golden ticket but wishful thinking I suppose. Still massive undervalued regardless but too many smoke & mirrors for serious investors |
Posted at 29/3/2024 15:01 by samsung7 The only thing that anyone can do here is shout out loud if the management of MEN has any interest at all in any other quoted companyThey should carry a wealth warning as for the comments of not able to raise money in the stock market just how many millions has been raised in this sorry saga all to end up squandered and pilfered it has been a good lifestyle choice for some for others it was hard earnings it and hard losing it some may even say being stolen from. If anyone here feels hard done then please warn your fellow investors of any other companies the management of MEN have an interest in,Stop them making the same mistakes as you and I Have Here. |
Posted at 28/3/2024 14:12 by robo63 This is what who I believe is pp(Peter Pietros) said on twitter. Looks like he's seen the light!What an absolute scam. The board should be ashamed at how this business has been run. Of course they’ve been paid handsomely while us investors have been milked at every opportunity. Disgraceful. |
Posted at 27/3/2024 07:59 by brasso3 '...target valuation of US$20 million for Green House Capital'MENs valuation does not mean investors will accept that during an IPO. MEN recently valued their own company at 35p (placing price). |
Posted at 14/3/2024 07:06 by all in eol 14 March 2024ATOME PLC ("ATOME", "the Company", or "the Group") Enterprise Investment Scheme ("EIS") investment status granted by HMRC ATOME (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, is pleased to announce that His Majesty's Revenue and Customs ("HMRC") has granted EIS status for the investment made by certain qualifying individuals in respect of the equity fundraise which was announced on the 19 February 2024. The EIS is a UK government initiative which encourages investment in qualifying companies by offering tax benefits for qualifying investors who subscribe for new shares. For the avoidance of doubt, EIS income tax relief is not available for directors or employees of ATOME. Subject to certain conditions being met by the company and the investors, EIS enables a qualifying investor with a UK tax liability to claim tax relief in the UK of up to 30% of their investment, subject to a maximum investment of £1 million per tax year. In addition, when investors sell EIS shares, any growth in value from an investment is potentially free from UK capital gains tax (to qualify for this relief, income tax relief must have already been claimed and not withdrawn by HMRC. Investors also have to hold the shares for at least three years and the company and its group must remain EIS qualifying for at least three years). Further details about EIS can be found here. Prospective EIS investors should seek their own tax and financial advice. The directors of ATOME also believe that an investment in the Company would potentially constitute a 'qualifying holding' for a Venture Capital Trust ("VCT") subject to certain conditions being met. A company can receive a maximum of £5 million from EIS and VCT investors on a 12-month rolling basis. The grant of EIS status broadens the Company's potential investor base as it continues to develop and grow. However, the Company reiterates that it intends to finance its first 145MW project in Paraguay at the asset level through its subsidiary, ATOME Paraguay. The 100% green fertiliser that is targeted to be produced by ATOME from 2026 has a worldwide market, none more so than in the UK and Ireland where decarbonisation of the entire agricultural supply chain from supermarkets down to the farm is gaining increasing traction, importance and support. ATOME looks forward to delivering further positive news in the next months as it moves towards Final Investment Decision and asset level-funding for ATOME's world-scale 145MW green fertiliser facility in Paraguay. For completeness, ATOME has an exciting 100MW project in Costa Rica as well as the Phase 2 300MW project in Paraguay. Philip Hare & Associates acted for the Company in the successful grant of EIS status and continues to do so |
Posted at 01/3/2024 07:01 by all in eol 1 March 2024MOLECULAR ENERGIES PLC ("Molecular" or the "Company") Update on Corporate and Trading Matters Molecular Energies (AIM: MEN), the international energy company, provides an update on corporate and trading matters. Key Points: · Tapir x-1 exploration well, Paraguay, suspended. Participants reviewing next steps · Positive cash receipts from Argentina continue · Strategic developments with regards to Green House Capital Group including receipt of UK government EIS advance assurance · Sustainable Aviation Fuel studies progress TAPIR X-1 The Paraguay exploration well Tapir x-1 has been suspended due to tough drilling conditions without reaching the target zone. The drilling rig has been retained on site pending further decision by the participants, taking into account the risk-reward ratio of the well. Further information will be provided at the relevant time subject to confidentiality and regulatory restrictions. Investors are reminded that this was frontier exploration with an estimated 17% chance of success. ARGENTINA CONTINUES POSITIVE CASH CONTRIBUTION Molecular is pleased to announce that President Petroleum S.A., the former subsidiary of Molecular, has continued to pay down the US$13 million of debt due to Molecular. Approximately US$1.28 million has now been paid down within the last four months and expectations are that funds will continue to flow. GREEN HOUSE CAPITAL GROUP ("GHC") Significant progress has been made in relation to GHC, which will be subject to a separate announcement early next week. GHC has been granted EIS advance assurance by HM Revenue & Customs ("HMRC") in relation to the UK government's EIS scheme. Based on the receipt of EIS advance assurance, the directors of GHC also believe that a prospective investment in GHC should constitute a 'qualifying holding' for a Venture Capital Trust ("VCT"). SUSTAINABLE AVIATION FUEL ("SAF") As previously announced, studies commenced with Aecom, the worldwide engineering consultancy, to investigate the feasibility of Molecular moving into the business of SAF. These studies continue to progress before any final decisions are made. The skill set of Molecular, its management and its related parties as well as its knowledge of multi-lateral funders and institutions supportive in principle of SAF projects, place Molecular in a beneficial position should the results of the feasibility studies prove positive. SAF has a captive, permanent and increasing future offtake market as airlines around the world have committed to increase the use of this product. Production is a complex process and requires a substantial investment. Further updates will be made in due course. ATOME PLC Molecular notes the progress of Atome and the Board remains of the view that Molecular's investment in Atome will generate substantial shareholder value for Molecular shareholders in future. Peter Levine, Chair, commented: "The result of the Tapir x-1 well, whilst disappointing, is not surprising given it is the frontier exploration. Sometimes it is the better decision in tough drilling conditions to make a bold resolution to suspend rather than continuing in escalating cumulative down hole issues, especially taking into account the risk-reward ratio. "The progress being made in Green House is promising, as is the continued cash flow coming from the previously disposed Argentine business. This bodes well for the future and complete collection of the US$13 million intercompany debt." |
Posted at 23/2/2024 19:48 by masergt O.T.I don't know if any on here were invested in Tintra (TNT) which recently delisted but they have now, as a private company, published an update. Please excuse me using this thread as a platform but all other TNT chat sites seem dead. Tintra: The Next Steps 05/02/2024 Tintra: The Future "Next Steps Having finally managed to complete the privatization the company is now focused on continuing with the building out of its strategy. Firstly its recapitalization, secondly a soon-to-be-announced (during February) merger and restructuring, and finally being able to settle down into the work of delivering the banking infrastructure solutions that we are deeply involved in building. Over the past year we have been developing relationships with major funding partners in the Middle East. We realized that the nature of our business meant that we would be able to move faster and with more substance with a state-backed anchor investor rather than running the funding-round strategy. To that end we are pleased that we have secured three new sources of funding, two that are closed and one that we anticipate closing during Q1, along with sourcing a funding partner to allow for retail investors to exit the company should they wish to – although of course we hope everyone stays on this journey with us. Having developed the technology and the fundamental strategy ahead of any other players we have been able to progress to the advanced stages of an anticipated merger with a state supported banking platform. This merger, which we expect to complete soon, brings the mission forwards three to four years and will allow Tintra to be a full service banking platform from launch, rather than to be a payment infrastructure for the first few years until certain milestones were reached. This meaningful transaction will be a world-first and has the potential to impact hundreds of millions of lives. Go Forward Structure Tintra Limited (ex-Tintra plc) will continue to remain the main holding company of Tintra going forward. New private equity and state equity will fund the business as it goes forward and this entity will form the basis of the merger should it complete. Shareholders wishing to continue with us for the journey need do nothing. We are putting together a communications strategy to keep all retail shareholders informed and have a direct line to be able to ask questions and seek feedback by a much more active social media presence. This will be much easier as a private company where we can be more open and discussive as we go forward. For those shareholders wishing to leave, the JP Jenkins facility will be live from today. We have shortened the usual 90-day period and the initial period will be for 60 Days for all orders to be gathered. There is an obligation for all shareholders to be treated equally so at the closing of that period there will be an equal split of shares at the 150p price. However, there will be a second closing 90 Days after that for any shareholders that decide to take a ‘wait and see’ approach or only sell down part of their shareholding at this first opportunity." |
Posted at 21/2/2024 05:59 by researchguru1 Molecular Energies Plc - Unlocking Paraguay's Hydrocarbon PotentialOverview: Partnered with CPC, the multibillion-dollar Taiwan state-owned oil and gas entity, London-listed Molecular Energies Plc (AIM: MEN) is currently engaged in a high impact drill in Paraguay's Chaco Basin, which industry estimates suggest holds over 4 billion barrels of oil. Drilling at the company’s Tapir x-1 exploration well commenced in mid-January and is now nearing its target depth, with news on this front expected imminently. CPC's involvement here, of course, signifies the perceived value of the company’s Paraguay assets which hold significant promise in unlocking Paraguay's hydrocarbon potential. A positive result at the Tapir x-1 well would, therefore, mark the country’s first official oil discovery. And the country’s Vice Minister of Mines and Energy, Mauricio Bejarano, is making no bones about being the company’s most passionate cheer leader. He wants the drill to succeed and is throwing all available resources to support the JV. Valuation: At the current trading price of £35p (£4.2m), Molecular presents an enticing risk-reward dynamic for investors. The company boasts a diverse asset portfolio, including significant holdings in Atome Energy (AIM: ATOM) and Green House Capital Plc (scheduled for IPO in Q1 2024), alongside a cash reserve of £1.1m, and an anticipated £10.3m windfall from the sale of President Petroleum S.A., of which it has already received £400,000. Worth noting at this point in time is that, the company's Atome stake alone (valued at £4.25m) mirrors its entire market capitalisation. Intriguingly, the company's supplementary assets are currently appraised at £0. The real kicker here, however, is that, the company’s Paraguay assets are not factored into the equation. Hence, a successful drilling operation would propel Molecular's share price exponentially. House broker Cavendish assesses Molecular’s fundamental assets at 153p. However, incorporating a positive outcome at Tapir jacks-up the valuation to 684p per share - offering an astonishing 1,900 percent potential upside from Molecular’s prevailing share price of 35p. Comparable instances, such as TSX-listed Africa Oil Corp's triumph in Kenya’s Lockichar Basin, demonstrate the potential for significant share price appreciation - 1,250 percent to be precise, and achieved within a short space of time. . |
Posted at 17/1/2024 07:02 by all in eol 17 January 2024ATOME ENERGY PLC ("ATOME", "the Company", or "the Group") Update on Paraguay Operations Excellent progress on multiple workstreams coming to a head in Q1 2024 ATOME Energy (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, provides an update on its Paraguay operations. Summary: -- Front-End Engineering Design ("FEED") study and Engineering, Procurement and Construction ("EPC") progressing well and to be concluded in this Q1 -- Multiple offtake proposals received from leading international players with Company in advanced negotiations for offtake of Villeta's full production volume of its green fertiliser with concrete news expected this Q1 -- Company confident in finalising the Villeta Project financing with interest in the debt financing component extending to over 2x oversubscribed and interest from international heavyweight investors in the equity component all at project level -- Pre-PPA studies in respect of the 300MW Yguazu Project to be completed this month to confirm best location for the project with the 300MW PPA targeted for this H1 145MW Villeta Phase 1, Paraguay Detailed FEED, EPC, and financing negotiations for this first of a kind project are now in their final stages as management continue to push to achieve the best possible expedient outcome for ATOME shareholders. The Company is pleased to report solid progress continuing across key development workstreams. FEED and EPC in final stages The FEED study for the Villeta Project will be completed this Q1. EPC contract discussions with the main and specialist sub-contractors, led by AECOM, the international engineering consultancy and ATOME's Owner's Engineer, will conclude in the coming weeks. Discussions have been focussed on delivering a lump sum fixed price turnkey contract in order to provide certainty on costs and delivery timelines with AECOM contributing value engineering. This contractual structure being negotiated will create alignment between ATOME and its EPC contractor which has the responsibility for delivering the plant in working order, on the agreed timeline and budget, thereby lowering project risk and increasing its bankability, all of which significantly contributes to maximising project returns. Offtake of CAN from Villeta The Company is in advanced negotiations with leading international players for the offtake of the full production of green Calcium Ammonium Nitrate ("CAN") fertiliser from Villeta. ATOME has now received multiple proposals from prospective offtakers and management is actively considering a number of proposals which satisfy the financial and strategic objectives set out by the Board. It has become clear to the Board that there is a significant and growing market for CAN on the doorstep of Paraguay, in Brazil and Argentina, particularly with the latter market becoming significantly more open due to the change in government there. Furthermore, ATOME's offering is particularly attractive to European and UK markets where increasing emphasis is made throughout the vertical supply chain for green fertiliser and carbon tax penalties are now in place and will grow increasingly in the next few years. An agreement on offtake of ATOME's CAN is expected to be announced before the end of Q1. Further details of the offtake arrangements will be disclosed when terms with an offtaker are settled. Project financing gains momentum The Company's financial advisor, Natixis Corporate & Investment Banking, has received multiple formal expressions of interest from Development Finance Institutions, international lenders and export credit agencies leading to an indicative oversubscription in respect of the debt financing component of the project of some 2x. As such, the Board is confident that the debt element of the financing can be achieved on terms acceptable and as envisaged by the Company and we expect to mandate the lead arrangers in Q1. Discussions are ongoing with prospective international equity and strategic investors at the project level who are continuing to show ongoing interest in financing Villeta due to the project's robust economic case and strategic importance given that it is expected to be the world's first industrial scale green ammonia-to-fertilise 300MW "Yguazu Project" Following entry into a pre-PPA with ANDE, the state power company of Paraguay, both parties continue to cooperate on mechanical engineering and feasibility studies to establish the best location for the Yguazu Project. Yguazu will benefit from the blueprint created by the Villeta project development for green fertiliser production both in terms of timescale and costs. A further update on Yguazu along with an expected roadmap toward a 300MW PPA will be made in this Q1 with a formal 300MW PPA targeted to be entered into within H1. Olivier Mussat, ATOME's CEO, commented: "The Board is confident that 2024 will be a transformational year for ATOME and we are grateful to the team and our strategic partners who have continued to work throughout the end of the year in order to make rapid progress on the engineering, financial and commercial fronts. "Whilst taking slightly longer than we originally hoped, the work and de-risking during this extended time has allowed for significant benefit in enhancing the efficacy of our first 145MW project in Paraguay as well as enabling beneficial impact on design, offtake, and financing. We are confident that in this Q1, further key project milestones will be achieved, and we look forward to taking FID on the Villeta project once these workstreams are completed. "At the same time, work is continuing in parallel on other projects and in particular Costa Rica which, combined with Yguazu in Paraguay, provides a pipeline of projects extending to world-scale in excess of half a gigawatt." |
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