Molecular Energies Share Discussion Threads

[all in eol] 14/3/2024 18:59

It leaves a nasty taste but it is what it is…

[all in eol] 14/3/2024 18:58

Piperpeter14 Mar '24 - 18:15 - 100 of 100
0 0 0
Oil production increase from Argentine asset will keep the cash flowing into MEN...

Sep '23.....5,393.733 m3 = 1,133 bopd.
Oct '23.....5,518.192 m3 = 1,121 bopd.
Nov '23.....5,111.886 m3 = 1,073 bopd.
Dec '23.....6,200.861 m3 = 1,260 bopd.
Jan '24.....6,420.292 m3 = 1,304 bopd.
Feb '24.....6,278.141 m3 = 1,364 bopd.

That's approximately 39,553 barrels of oil for February '24 (29 days).

Pro rata, February's oil production is the highest since June 2022.

Pp.

[masergt] 14/3/2024 18:40

Well, that made a lot of difference. Lol.

[piperpeter] 14/3/2024 18:15

Oil production increase from Argentine asset will keep the cash flowing into MEN...

Sep '23.....5,393.733 m3 = 1,133 bopd.
Oct '23.....5,518.192 m3 = 1,121 bopd.
Nov '23.....5,111.886 m3 = 1,073 bopd.
Dec '23.....6,200.861 m3 = 1,260 bopd.
Jan '24.....6,420.292 m3 = 1,304 bopd.
Feb '24.....6,278.141 m3 = 1,364 bopd.

That's approximately 39,553 barrels of oil for February '24 (29 days).

Pro rata, February's oil production is the highest since June 2022.

Pp.

[all in eol] 14/3/2024 07:06

14 March 2024

ATOME 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free from UK capital gains tax (to qualify for this relief, income tax relief must have already been claimed and not withdrawn by HMRC.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

[chris cat] 12/3/2024 15:32

Brave move AIE...hope you are rewarded

[all in eol] 12/3/2024 15:10

Out of my first Atom trade at a small profit and into MEN as the volume is increasing here.

[brasso3] 12/3/2024 07:26

What happened to the GHC IPO in Q1?

[nafnaf3] 12/3/2024 07:12

As a share holder I have no idea why drill has been suspended and if it is to be continued or not? In that video PL did with that drunk he gave impression taking MEN off the market is an option due to share price value? We own part of this company & have zero idea what the f%&k is going on

[brasso3] 11/3/2024 09:46

The Pied Piper will claim that the latest drill is still a commercial discovery!

[chris cat] 11/3/2024 09:37

Also ...Paraguay (I think) is in the Balance Sheet at $45m, no doubt that will need to be impaired if the current drill is abandoned or a duster

[brasso3] 11/3/2024 09:16

MEN is a loss making business. The more time the passes the lower the share price will go. The share price appreciation is now completely reliant on ATOM and GHC performance.

[swanvesta] 11/3/2024 09:13

Peter, are there any risks to your balance sheet you may be overlooking? For example it has debt secured against that Atome holding. And while it is also owed a similar amount by the divested company, repayment is based on performance without any guarantees.

[piperpeter] 10/3/2024 13:13

PUGUGLY.

A lot has changed since that circular in September...

The President of Argentina being one.

The lifting of financial restrictions being another.

Payments have already started to be made back to MEN over the last few months; it appears you are not up to speed yet.

Pp.

[pugugly] 10/3/2024 06:38

PP:- That is of course if the debt can be repaid- Declining asset and at the time of the announcement Argentina blocks on payments


Best of luck with your investment but will site on the side.

[piperpeter] 09/3/2024 22:46

PUGUGLY.

You need to check out the RNS 5 Sept. 2023 to be up-to-date, "Proposed Sale of President Energy Holdings UK Ltd".

"The sale will enable MEN to be free of approximately US$33 million of third party debt which sits in the Argentine Company. This will leave the only remaining financial debt in MEN as a long-term and interest free loan currently standing at US$12.1 million, with a maturity date end of December 2025 and capable of extension if the parties agree".

At the time of this RNS (5 Sept. '23), basically the Company (MEN) owed to Peter Levine US$12.1 million (interest free!), and the Argentine Company (owned by President Energy Holdings UK Ltd, and basically now owned by Peter Levine) owed to MEN US$13 million plus interest.

The balance being that MEN were actually owed more than it owed (approx. US$1 million).

This money (US$13 million plus interest) is now being repaid back to MEN, as you will see from the very recent RNS's (US$1.28 million having been received by MEN over the last few months).

As chris cat has pointed out on the trader's thread, what is owed and what is owing pretty much cancel each other out, meaning that MEN is, on balance, currently net debt free.

Hope this helps.

Pp.

[piperpeter] 09/3/2024 21:01

MEN's share price would need to increase to 32 pence for the Company's market cap to be on par with the current value of its own investment in Atome Plc.

Pp.

[pugugly] 09/3/2024 19:14

Been looking at this - I usually look at fallen stars to see if value bounce. The millstone here appears to be the Davine Loan - TOO many caveats for me to do a quick calculation of what is due but check this out.

"Under the terms of the Facility Agreement dated 2 January 2018, as amended on 1 June 2018, 21 November 2018, 25 August 2019, 20 January 2020 and 22 June 2020, IYA has lent to the Company certain monies of which, at the date hereof, US$11.9 million is outstanding. Such monies are currently carrying an average interest rate of 12%, accruing annual interest of some US$1.4 million per annum or some US$2.4 million in total to the current maturity date of 31 December 2024. The maximum amount available under the facility is US$20.5 million, undrawn amounts under the Facility Agreement incur a commitment fee of 4% per annum, accruing annual costs of some US$400k per annum or some US$700k in total to the current maturity date of 31 December 2024."
However this has been rolled up on an interest free basis

[piperpeter] 09/3/2024 15:46

MEN's market cap is currently GBP 2.9 million.

MEN's 18.8% holding in ATOM is currently worth the equivalent to GBP 3.963 million.

Pp.

[piperpeter] 09/3/2024 13:50

MEN's share price is currently 23.5 pence.

MEN's 18.8% shareholding in ATOM is now equivalent to 32 pence per MEN share.

Pp.

[piperpeter] 09/3/2024 13:20

MEN's market cap is currently GBP 2.9 million.

MEN's 18.8% shareholding in ATOM is now worth GBP 3.963 million.

Pp.

[brasso3] 09/3/2024 12:06

The only outcome here now is delisting. Its just a matter of time and price.

This would explain why Schroders have thrown more money at this to keep it alive until it can be delisted in an orderly manner.

[pecuniary] 08/3/2024 14:48

Unfortunately, the share price is more in tune with perceived value than book value.

Where are we all at now in terms of profit & loss? Despite the glowing assessment above, I’ll bet most, like me are MASSIVELY down on this share and that is why it continues its inevitable slide.

We deserve some distribution of the long awaited cash payment and I hope we claw some back by whatever means on the GHC IPO.