Molecular Energies Share Discussion Threads

[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.

[technohead] 08/3/2024 14:33

Atome starts to rise - whilst we continue to sink - don't even know why I bother to still look.

[all in eol] 07/3/2024 21:26

Amid the changing landscape of the global energy sector, Paraguay emerges as a region that presents opportunities for investors and leaders in the oil and hydrocarbon industry. With vast potential in various energy sources, the country is preparing to stand out at the upcoming 16th IGEF International Gas and Energy Forum, which will take place from April 3 to 5 at the Sheraton Asunción Hotel.
The Vice Minister of Mines and Energy, Mauricio Bejarano , spoke with Surtidores Latam and anticipated that this event will be “a possibility to show the potential that exists in the different energy sectors of our country ,” he highlighted.
In this way, Paraguay will become the epicenter to debate relevant topics such as the decarbonization of the hydrocarbon industry in the energy transition , the role of mixed or hybrid energy scenarios and security, the reuse of natural gas infrastructure for production of hydrogen , the role of fuels and others.
In this sense, with ambitious plans in the hydrocarbon sector, Paraguay seeks to attract investments in exploration and prospecting. Bejarano stressed the intention to look for partners and concessionaires to promote exploratory activity. In line with this, the official mentioned that the construction of a gas pipeline in the Central Chaco is being proposed, not only for the transportation of Argentine gas to the Brazilian market, but as a key infrastructure for future commercial discoveries. «We are committed to strengthening our hydrocarbon sector by actively seeking investments and strategic partnerships. Our objective is to boost upstream exploration and prospecting, as well as develop crucial infrastructure,” he said.



On the other hand, the vice minister highlighted that investment in electricity generation is also at the center of Paraguayan strategies. The tender for a 100-megawatt solar photovoltaic park in Chaco Central is planned, with the aim of increasing the penetration of solar energy in the national interconnected system.
"We are convinced that Paraguay has significant potential and we are determined to make the most of it for the benefit of our country and its energy development," he concluded.

[piperpeter] 07/3/2024 15:21

I don't actually do forecasts, masergt, but one would assume it would be higher than the current lowly level. Though currently, the share price would need to be a little over 29p to about equal its 18.8% holding in ATOM. So, not only is this asset not fully priced into MEN's share price, no other Company held assets could possibly be included in MEN's current share price.

Cavendish haven't published a target share price for some time now, so it will be interesting to read their opinion when we have more meat on the bones re the IPO and spin-out of Green House Capital Group, and who ends up owning a slice of it, if you know what I mean.

Which shouldn't be too far away now, surely?

Currently there are 25 million Green House Capital Group shares allotted, so with MEN owning 75% of GHC, MEN's shareholders must currently collectively own 18,750,000 of the shares.

Approximately 1.5 shares per one MEN share? 18,750,000 / 12,378,197 = 1.514

Pp.

[rizzzla] 06/3/2024 17:16

🍷 🍷 🍷

[chris cat] 06/3/2024 16:39

RG1....

Look back over this thread for 15 years and you will see many similar calculations, yet the share price keeps falling to all time lows

[researchguru1] 06/3/2024 16:07

FROM LSE BB:


For those interested, here’s an updated valuation of the company:

• Allowing for routine operational expenditure, cash balance as of the 01 March 2024 was approximately £1.4m. This is equivalent to 11p of the current share price of 25p.

• Cash balance of £1.4m + current value of the company’s 18.8% stake in Atome Energy (£3.7m) is £5.1m. This is equivalent to 41p per share.

• Cash balance + 18.8% stake in Atome Energy + upcoming cash proceeds (of £1.25m) from President Petroleum is £6.3m. This is equivalent to 51p per share.

• Cash balance + 18.8% stake in Atome Energy + upcoming PP cash proceeds + lowest estimated value (£7.5m) of the company’s 75% stake in Green House Capital is £13.8m. This is equivalent to 111p per share.


IMPORTANT POINTS TO NOTE ON VALUATION:

1. The company’s current cash balance of £1.4m is comprised of $1.28m (£1.09m) from President Petroleum, £550,000 net proceeds from the recently oversubscribed placing at 35p, and circa £115,000 cash carryover pre-placing. It then assumes a cash consumption of £215,000 since the placing. So it’s a pretty pessimistic assumption. The real number (cash balance) could be higher.

2. The company’s 18.8% stake in Atome Energy is currently valued at £3.7m. However, this figure is subject to change based on Atome’s prevailing share price.

3. The upcoming cash proceeds from President Petroleum (PP) of £1.2m assumes cash receipts for the months of March, April, May, and June only at circa £320,000 per month. This estimation is at the lower end. Thus, monthly receipts could be materially higher than this.

4. The estimated valuation of the company’s 75% stake in Green House Capital (GHC) assumes an IPO valuation of £10m. This, for the record, and considering the breakthrough technologies and cash generative businesses in GHC’s portfolio, is highly conservative. Thus, I strongly believe the final valuation will be significantly higher than this. Also, and probably the most important aspect of all is that, the BOD might decide to cash-in a proportion of the company’s 75% stake. And if that happens, the company could be in receipt of a sizeable amount of money that could be redistributed to shareholders in a liquidity event. The AIM IPO is still on track for March 2024!

5. Now, absent from the above is the company’s 50% interest in the Pirity Concession (Paraguay) with OPIC, ultimately owned by CPC, the multibillion-dollar state energy company of Taiwan. The exploration licence attached to the concession had been extended by one year to September 2024. So MEN has potentially the option of selling it’s 50% interest to CPC who might want to undertake further drilling operations. After all, why would the drilling rig be retained on site pending further decision by the participants?

6. Also absent from the previous post is the current valuation of the company’s property and plant in Paraguay where it was the operator.

7. Finally, there’s something to be said, and value applied, when you have a company with a credible institutional shareholder base (Schroders, Trafigura, Miton, and Michinoko), NO DEBT, and a BOD with serious skin in the game.

HUGELY UNDERVALUED!

AIMHO.

.

[masergt] 06/3/2024 15:35

Pp. Even "less than zero" would be incorrect in your context. It's simply zero. Zero is zero; it needs no qualifier, no puffing, none of your spin. I'm not having a pop. I'm equally frustrated with the share price and agree with your calcs but let's stick to known facts. The market, for whatever reason, attaches no value to MEN's holdings in these companies. And therein lies the question. Why not? I thought markets thrived on speculation.

So do you have an share price forecast for end Q1 and end Q2?

[piperpeter] 05/3/2024 14:16

All of MEN's assets in the previous post are now market valued at GBP 2.9 million.

Pp.


EDIT;

MEN's market cap currently GBP 2.84 million.
MEN's 18.8% shareholding in ATOM is currently worth GBP 3.68 million.