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PWN - Parkway Corporate

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frugal.rock said:
PARKWAY INCREASES OWNERSHIP IN KARINGA LAKES POTASH PROJECT (KLPP) FROM 15% TO 40%
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Thanks for the update Rock ...... I ended up selling my PWN holding a couple of months back to cover another trade

The Cash to Market Cap ratio is still good for a Spec so there is every chance it could do something ($4mill to $22 mill)
 
barney said:
I think it has much potential based on its technology.
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Almost a year exactly and this little battler is almost back to the same price.

I think there is still potential here, but suspect a cap raise could be on the cards soon?

discl. I hold a few and will seriously consider taking part in a cap raise at this stage of development if that comes about.


 
PWN bouncing around , but not really doing much. If it closes at 1c before 01 May , I might help myself (  m'aidez ) and tip it into the comp. Can't work out if they're a real company or not.

MARCH 2023 – QUARTERLY REPORT

Highlights
PARKWAY CORPORATE (PCL, GROUP)
§ Record quarterly sales, with $1.46 million in revenues generated during the period.
§ Emerging strategic growth opportunities arising from challenging market conditions.
§ Group sales underpinned by growing project backlog (>$1 million in open purchase orders).
§ Strong cash conversion, with quarterly cash receipts increasing to record $1.28 million.
§ As of 31 March 2023, the Company held $2.04 million in cash reserves. Reported cash balance excludes grant funds, R&D tax incentive rebate for FY22 and other receivables.

PARKWAY PROCESS TECHNOLOGIES (PPT)
§ Continued progress in leveraging proprietary process technology platform, to support existing and emerging business development initiatives, in a range of industrial applications.
§ Queensland CSG Opportunity
§ Successful completion of feasibility study for major CSG company.
§ Further breakthroughs in treating CSG brines, through proprietary iBC® flowsheet.
§ Strong regulatory support, with stakeholder engagement progressing positively.
§ Developing master plan, to outline strategy to provide industry wide solution.
§ Range of ongoing commercialisation related activities include technoeconomic evaluations to demonstrate the significant advantages of the technology portfolio.

PARKWAY PROCESS SOLUTIONS (PPS)
§ Strategic Positioning
§ Continued focus on PPT and strategically important projects, over short-term sales.
§ Business Development
§ Ongoing success in securing new business from a diverse range of clients, for the provision of industrial water treatment related products, services, and solutions.
§ Product Range Development
§ Expansion of industrial water handling and treatment related product offering.
 
Dona Ferentes said:
PWN bouncing around , but not really doing much. If it closes at 1c before 01 May , I might help myself (  m'aidez ) and tip it into the comp. Can't work out if they're a real company or not.
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Yeah, I ended up bailing on this for a small loss (again). Won't surprise me if it jumps one day when lease expected but I've got enough perhaps-ers at the moment.
 
Now $0.011, and cash on hand $2 million

... Released an updated corporate presentation, incorporating several recent developments, including:
§ Master Plan, inclusive of technoeconomic evaluations, as released on 22 June 2023.
§ Upstream Solution, with material near-term opportunities, as recently foreshadowed in the June 2023 quarterly report, released on 28 July 2023.
§ Corporate Strategy, related details consistent with the stated mission, of Building an advanced industrial water treatment technology company.

And, if only it is this simple:
 
Dona Ferentes said:
.And, if only it is this simple:
View attachment 160473
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... maybe it is? I was thinking the TH was for cap raising, but no.
.
PWN is pleased to provide an updated corporate presentation, incorporating several recent developments, including:
§ Master Plan, inclusive of technoeconomic evaluations, as released on 22 June 2023.
§ Upstream Solution, with material near-term opportunities, as recently foreshadowed in the June 2023 quarterly report, released on 28 July 2023.
§ Corporate Strategy, related details consistent with the stated mission, of Building an advanced industrial water treatment technology company.

Further details regarding the latest corporate presentation, including various interviews and other investor resources will progressively be available at the Parkway Investor Hub.

 
barney said:
It was the dreaded cap raise after all DF.
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Reassuring, in a perverse way, barney.

.... though it means that the hockey stick graph in #26 is misleading. How 'bout dat!!
 
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Dona Ferentes said:
. How 'bout dat!!
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Mmmm .... Indeed.

The pre CR price action looks a little dodgy but there are no rules of course. If they raise at .014 and are back over .017 in short time, everything will look pretty tidy ..... Back under the cap raise price not so good. Spec-land teaches us all to deal with frustration, lol.
 
barney said:
The pre CR price action looks a little dodgy but there are no rules of course. If they raise at .014 and are back over .017 in short time, everything will look pretty tidy ..... Back under the cap raise price not so good. Spec-land teaches us.
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and now

 
barney said:
If they raise at .014 and are back over .017 in short time, everything will look pretty tidy ..... Back under the cap raise price not so good.
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They did raise at .014 and the SP is now back around .012 ......

US Investor (Dr. Jack Yetiv) stumped up for another $2M worth of shares in the cap raise so a bit of support there. No idea who Dr Jack is but he must think there is a punt worth having here.

Off the back of that I dipped the toe in at the Open. Hopefully do better than a few of my other recent picks.

 
barney said:
Off the back of that I dipped the toe in at the Open. Hopefully do better than a few of my other recent picks.
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I ended up bailing quickly on this after that last Buy .... Now at 1 cent so that was a good decision in the short term. Hard one to pick this one.
jonnycage said:
AGM approaching and looking for an update around various projects at this time.
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Hopefully some SP appreciation off the back of that JC.
 
barney said:
I ended up bailing quickly on this after that last Buy .... Now at 1 cent so that was a good decision in the short term. Hard one to pick this one.

Hopefully some SP appreciation off the back of that JC.
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has been on my watch n don't act list for ages. Good luck, jc.
 
jonnycage said:
Let’s see if the new year brings an announcement or two
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an acquisition

Consideration
The acquisition consideration payable by Parkway consists of an Upfront Component:
§ $0.65m cash consideration, already paid.
§ $1.75m loan settlement (provisional amount, subject to working capital movements), to be paid imminently, from existing cash resources, upon finalisation of loan repayment documentation.

The acquisition consideration payable by Parkway also consists of a Deferred Component:
§ $0.20m cash consideration, payable from cash flow generated by Tankweld at a rate of 50% of free cash flow, until this deferred component is paid.


.


 
Dona Ferentes said:
...pending the release of an announcement .. relating to a potential capital raise.
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$6.5M raised in May / June.

§ Parkway has secured a term loan facility of up to $4 million from a specialist private credit fund.
§ Together with the recently completed $2.25 million oversubscribed share placement, Parkway has secured a significant funding package of up to $6.25 million.
§ The successful establishment of the funding package represents an important milestone in the development of Parkway and will support the acceleration of numerous strategic growth initiatives.

now $0.008

SIGNIFICANT BRINE TECHNOLOGY BREAKTHROUGH FOR CSG INDUSTRY​

Highlights
§ Development of highly innovative brine processing technology, based on “salt splitting”.
§ Technology successfully demonstrated to be effective in processing CSG derived brines.
§ First production of mineral acid from wastewater (industrial brine) in Australia.
 
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