Tonys

[Reddit Investor @RedditDeluxe]

It’s very encouraging to see another project of “national significance” receive £66.5m of pre-FID DEVEX government DESNZ funding.

I have heard many stating that nothing will happen at #EPP until FID.

That is plainly false, as the buildout of what is anticipated to be the UK’s largest energy storage facility advances newsflow will be constant and high value.

Also yesterday’s Viking funding news goes to show that game-changing news such as DEVEX finance can drop anytime… and when it does, this stops being a sub £20m MCAP company.

[Harald Hadrada @HaraldHadrada2]

$GLND https://t.co/68WmQzH4b4 Dr Phil new clip. The word is getting out.

[Reddit Investor @RedditDeluxe]

The real-world benefits of projects like #EPP’s MESH can enable economic growth, energy security and easing of financial pressure on energy consumers both household and industrial.

With a gas storage license award by the @NSTAuthority and with @Ed_Miliband deeming the project as “Nationally Significant” in 2025, MESH is advancing rapidly through FEED, toward FID… however the market is valuing the project as a run of the mill oil and gas play, when, in fact, national grade infrastructure projects like MESH accrue value on a very different timeline. The question is when will AIM retail buyers enter the frame… before or after institutional investors arrive?

[EnergyPathways @energy_pathways]

#EPP In the @guardian today, @phillipinman highlights how sky-high energy prices are stagnating economic growth and risking the deindustrialisation of British manufacturing.

A survey led by manufacturers’ body Make UK said its members found that many would not be able to cope for much longer with energy costs that were twice the average in continental Europe and four times higher than in the US.

The problem of high energy prices isn’t one of a lack of power. In fact, the UK generates abundant renewable energy. The issue is that this cheap, clean energy often doesn’t make it to the market. Why?

One of the key reasons is that the transmission network was not designed for this scale of renewable generation. As a result, on windy days when output is high, the grid often lacks the capacity to transport or absorb all the electricity being produced. This then means that wind farms are turned off.

Renewable energy is curtailed, while gas power generation is brought online to balance the system, and as more renewable capacity is added, the challenge becomes even greater.

To manage these constraints, the system operator regularly pays wind farms to reduce output. In 2025, wind generators were paid approximately £350 million to switch off. At the same time, Britain spent more than £1 billion firing up gas-powered generation to maintain system balance.

In total, around 10.4 terawatt-hours of renewable electricity was curtailed — enough to power approximately 3.6 million homes for a year. The total cost of balancing the grid reached £1.35 billion.

Ultimately, those costs are passed on to consumers, both domestic and industrial.

At EnergyPathways we believe an effective way to help lower energy bills is through long-duration energy storage (LDES). The ability to harness this cheap and abundant renewable power and deploy it when it’s needed is vital to help reduce energy costs, manage renewable intermittency and shore up grid resilience.

EnergyPathways’ MESH project, expected to be Britain’s largest integrated energy storage project, will bolster Britain’s energy security and help lower consumer bills.  Designated a project of “national significance” by the UK Government, MESH combines compressed air electrical storage (“CAES”) with natural gas and hydrogen storage.

https://t.co/r3w0cx725j

#MESH #EnergyStorage #EnergyTransition #EnergyBills #LDES @MakeUK_

[EnergyPathways @energy_pathways]

Last week, EnergyPathways plc #EPP CEO Ben Clube had the pleasure of speaking with Mike Zeller on BBC Radio Cumbria, where he outlined the impact that the MESH integrated energy storage project could have on lowering consumer energy bills and the significant opportunities it could bring to Barrow-in-Furness and the UK’s energy and industrial sectors.

MESH, also mentioned on BBC Radio News that morning, can support Barrow’s long-term development as a key hub for energy infrastructure and its potential to play a central role as part of the UK’s future energy system.

EnergyPathways’ MESH project, expected to be Britain’s largest integrated energy storage project, will bolster Britain’s energy security and lower consumer bills.  Designated a project of “national significance” by the UK Government, MESH combines compressed air electrical storage (“CAES”) with natural gas and hydrogen storage.

#MESH #CleanEnergy #EnergyBills #GasStorage #LDES #CAES #BBC #Cumbria @energygovuk @BBC_Cumbria @BBCNews

Check out the recording and join in with the conversation at: https://t.co/XfJCNaus9V

[Tonys @TonyST00]

@BreakoutCV Online trades for me!

[Tonys @TonyST00]

@iamTomOrange The 5m sells seem never ending on any little rise we get. All we can hope for is when actual figures (£’s) are released the seller has dumped everything they intend to and the share price can rise organically from there🤞

[Reddit Investor @RedditDeluxe]

Let’s deal with the elephant in the room with #EPP: Funding and Timescale

Imagine this: A UK small cap company with an energy storage project in a safe jurisdiction, deemed “Nationally Significant” by the Secretary of State, awarded a vital gas storage license by the NSTA, partnered with Siemens Energy, Wood and Costain and signing port deals with the Association of British Ports. They’re set to build the largest energy storage project in the UK and the largest CAES project in the world at a time of critical demand, they’ve just released figures (corroborated by Siemens Energy) projecting a NPV8 of over a billion pounds for a modest proportion of their revenue streams and last week they met with government bodies at Number 10, DESNZ and the Department of Business and Trade (as well as global financial institutions/banks)… In spite of this, they’re valued at a mere £21m market cap… Why?

Well, there are 2 primary reasons and I’ll address them separately in the coming paragraphs.

First is funding. MESH requires several hundred million pounds to build out the project and despite stating it has offers of private sector finance in place and doesn’t need government money, in the last webinar it was hinted that they are a likely candidate for funding via GB Energy and/or the National Wealth Fund.

What seems to be spooking investors is the risk of a capital raise. So, let’s just put that to bed once and for all. At a sub £25m mcap there is no way in hell that an AIM retail cash raise will deliver even 1% of the CAPEX needed to build MESH, so in terms of funding, with regulatory approvals now in place, think global financial institutions, banks and government investment. This is not a project that will be calling on the illiquid AIM retail market for cash from here on.

Also, with reference to funding, the current £15m finance package will almost certainly become obsolete once strategic funding is announced. In my opinion, based on the funding/drawdown RNS, liquid cash reserves were required to advance initial work programs to satisfy the NSTA in order to obtain license approvals. Once project level finance is announced goodbye £15m facility.

The second issue is timeframe. With an FID of 2028 and project rollout in 2031, investors seem to think that until first revenues are delivered the valuation of the company will stay the same as now. It’s a bizarre outlook to have in terms of investment, but I understand this as AIM is a small cap market not used to dealing with national grade infrastructure projects, and post crypto, investors are attuned to rapid returns.
With this in mind, I’ll ask one question… When CAPEX level funding arrives in the hundreds of millions will EPP still be valued at £20-25m? The answer is a categoric NO!

And based on the rapid rollout required of EPP by the government, the funding needs to land soon.

Regarding political risk… the offering is also diverse enough to be valuable to any government from Labour to Reform so it is in effect apolitical. Is Reform going to turn down homegrown North Sea gas, domestic graphite for defence and Ammonia for the farming community? No.

With a project forecasting 20-25% annual yields over a lifespan of 30 years, potential government backed revenues in the hundreds of millions via OFGEM’s cap and floor scheme and media coverage on a national tier one scale, this will rapidly depart the AIM retail zone and enter a different league. The question is, when will this be recognised by AIM investors?

Having been an investor in EPP for nearly two years, and with recent regulatory approvals, I feel comfortable saying: it’s the one stock that I think will create generational wealth for investors.

Of course DYOR and read back through the past year’s RNS’s carefully and scour the new corporate investor presentation (link below), as it’s in the detail that the real value proposition of MESH is clear.

https://t.co/tncT949DTE

@aleabitoreddit @richrunyeon @Siemens_Energy

[Reddit Investor @RedditDeluxe]

One of the few criticisms from Friday’s #EPP investor webinar was there was no mention of hard numbers in terms of revenues and NPV for MESH.

But after Fridays X post highlighting key meetings with DESNZ, Department of Business and Trade, as well as global financial institutions and banks, the reason for the lack of webinar detail seems clear… The numbers were withheld for confidentiality until presented to the government and institutional investors.

It’s worth mentioning before we begin, the figures in the presentation have been corroborated by Siemens Energy who deemed MESH “economically and commercially viable” in the RNS dated 28/04/26

Here are the numbers:

CAES LDES:
Asset life: 30 years
Net Revenues: £100m-£140m pa
NPV8 @ FID: £300m-350m

Gas Storage:
Asset life: 30 years
Net Revenues: £110m-£160m pa
NPV8 @ FID: £400m-800m

Total valuation at FID of £700m to £1.15bn

These are numbers impressive, but they are based only on the initial development of 4 compressed air salt caverns and 8 caverns for gas storage. However, the overall storage license area is able to allow construction of up to 60. Therefore, the quoted NPV8 numbers have the capacity to be multiplied significantly.

This also doesn’t include the revenue figures for hydrogen, high grade graphite and clean ammonia.

Using the projected figures for Graphite (circa 60,000 tonnes pa) and the target grade pricing of $10,000 per tonne (the aim is for the graphite to be refined via a study with Mitsui Japan to create nuclear/military grade graphite, elevating the price dramatically. See RNS 22/10/25 The company estimates revenues of £500m pa.

Hydrogen/Ammonia: This is a harder market to asses as an emerging sector. So based on the initial projected feedstock of 20,000 tonnes of hydrogen, let’s value it when it’s used to create Clean Ammonia as that market is very real.
Ammonia production of 110,000 tonnes pa is projected. The last domestic UK ammonia producer closed in 2023 and as of 2027 there’ll be a border levy on imports so this will affect chemical & farming Industries. Annual revenues for ammonia, based on volatile pricing revenues could be between £55-100m pa.

Risks:

Planning: Key regulatory hurdles now overcome with the gas storage license award and designation as a project of national significance… the section 35 has been massively under appreciated by the market and what was initially seen as a regulatory bump in the road on the way to license approvals is in fact a huge positive as the DCO process substantially streamlines the planning process from here on.

Politics: In terms of political risk the offering is diverse enough to be valuable to any government from Labour to Reform so it is in effect apolitical. (Is Reform going to turn down homegrown North Sea gas, domestic graphite for defence and Ammonia for Jeremy Clarkson and the farming community?)

Funding: Firstly, let’s put to bed concerns of the risk of a retail cash raise. The project needs £100’s of millions to build out MESH and that’s not coming from AIM retail: FACT. Short term the £15m funding is in place to satisfy the initial NSTA criteria (my opinion is this will be sidelined once project level funding arrives). As for strategic funding, this has already been stated it will come from global private sector institutions and potentially from GB Energy and National Wealth Fund, both of which have stated a clear mandate to invest in LDES and energy storage.

MESH has a suite of revenue streams offering diversification through products and industries at a time where they’ll be the only domestic producer of graphite and ammonia, they’ll effectively be doubling the UK energy storage capacity at a time of critical need and demand. And it requires little or no government funding (however GB Energy or National Wealth Fund may invest as mentioned in the webinar)
Therefore, in my opinion MESH will change the UK energy landscape and the lives of a lot of investors.

https://t.co/tncT949646

[Tonys @TonyST00]

@tozzer121 Cheers 🥃

[Bel 🅱️7️⃣8️⃣ @Belcourtoi]

1️⃣ #EPP MESH Project is A Giant Among Giants  … should be £100m+ MC for a start

🛢️Gas production:

Marram is fully appraised gas low CO2 Emission field approximately 46bcf of gas ~ 460 million therms, worth over £500 million (Gas prices currently at £1.2/therm) 

🛢️Gas Storage: 

MESH also boasts a gas storage capacity of 50BCF to 60BCF (500m to 600m therms), potentially tripling to 150 BCF with the addition of Knox and Lowry assets. 

This is an impressive capacity of around 500 million to 600 million therms. Equivalent to 15 TWh to 20TWh, that is well over 2/3 of the UK storage capacity

🇬🇧 This positions it as the largest gas storage facility in the UK.  

✅ Gas Storage Licence now granted

🔋Green Hydrogen: 

With a hydrogen storage capacity of 2.8 TWh (expandable to 8.4TWh), MESH dwarfs other projects.

How will they do it:

💨 Harness the surplus wind energy 

🔋Turn it into Hydrogen 

🔋Store it 

✅ Use it as green source of energy when it’s needed 

🔋Capacity to store 2.8TWh hydrogen

❎ Company is looking to triple that capacity to 8.4TWh.

⛽️ Hydrogen: 20,000 tonnes/year ≈ 20,000,000 kg/year
⛰️ Graphite: 60,000 tonnes/year

💴 Use of benchmark price assumptions:
Hydrogen: cost ranges of £3-£5/kg for green hydrogen by ~2030.
Graphite: Recent UK/Europe natural graphite price around US$1,425/tonne (≈ £1,150/tonne at rough conversion)

💴 Revenue Estimate:

⛽️ Hydrogen:

If we assume selling price = £4/kg (mid-range estimate)
20,000,000 kg × £4/kg = £80,000,000 per annum

⛰️ Graphite:

60,000 tonnes × £1,150/tonne = £69,000,000 per annum

Combined Revenue Estimate

£80m (Hydrogen) + £69m (Graphite) = £149 million per annum

2️⃣ Funding 

💴 #EPP has signed an MoU with a corner stone Fund to finance MESH at multiples the current SP alongside 

🤝 EPP are also in discussion with a  FTSE100 for the provision of project Debt finance

💷 EPP has also access to £15m Debt/ATM facility

All of the above will ensure minimal dilution & funding for the MESH project without the need to Gov funding or tax payers money. Although discussion are ongoing & at pace, nothing is very guaranteed until it is all signed up.

3️⃣Comparison Vs peers:

Comparisons with other gas storage projects underscore MESH’s potential. For instance;

🪫BP’s recent partnership with a Spanish company involves a 25 MW project (200 GWh), making MESH 75 times larger

💷 Star Energy’s 10 BCF facility was valued at £340 million in 2007 (£642 million today). 

💷 #KIST acquired a gas storage asset with a capacity of 17 million therms for £25 million in the summer of 2024. MESH has a capacity of 500m to 600m therms) that is 28 to 35 times bigger. 

🧮This valuation suggests that MESH, with its capacity of 500/600 million therms 28/35 times larger, gives MESH a value at approximately £700m to £875m.

4️⃣Revenue Potential: 

💷 Centrica’s Rough field which is equivalent to the size of MESH(50 bcf capacity) generates approximately £312 million in annual revenue. 

💷 MESH could generate £320m a year from the gas storage alone, and around £360m from Hydrogen, combined this could be a mouth watering £680m a year. 

❎ If the company triples the storage capacity, it could yields 2 billion annually from gas and hydrogen combined. 

Add to the above a Combined Revenue Estimate

£80m (Hydrogen) + £69m (Graphite) = £149 million per annum

5️⃣BOD:

Under Ben’s Leadership FAR reached a market capitalization of A$655 million (£334 million). 

🤝 He secured a joint venture deal with Cairn Energy and ConocoPhillips, valued at $200 million.

🛢️FAR was recognised as the most successful Australian oil explorer for over a decade

🛢️FAR also made the world’s biggest gas discovery in 2014

All for a ridiculous £12m mc .., £100m+ awaits.

[Tonys @TonyST00]

@Smudgedann @NickHol06 @IGcom @HLInvest Yep, I hold quite a few #VULT in H-L ISA. Just waiting for the inevitable big move!
DGQ also Aquis already moving

[Tonys @TonyST00]

@Smudgedann @NickHol06 @IGcom Some Aquis shares can be traded on H-L

[Tonys @TonyST00]

@HaraldHadrada2 Possibly something less than positive was said or implied at the Proactive Investor Forum last night OR someone liked what they heard and want the price down to buy in cheaper.

[Tonys @TonyST00]

#FPP @robertplewis21

Why is such a great share to buy?

*Some research points to a fairly imminent RTO
*At this end of the market sentiment and anticipation can drive share prices
*Three TR1’s on Friday. Clearly some people with deeper pockets think this company has potential

[Tonys @TonyST00]

@TopTradersADVFN @advfn Still down this morning 🤬

[Tonys @TonyST00]

@TopTradersADVFN @Blowster85 I’ve got a 16 Pro Max and it’s decent. Not sure how much better the 17 can be!

[Tonys @TonyST00]

@AfzalValli #KDNC

I got around 20%. Glad I didn’t try to be clever by selling some to take up the offer shares at 3p.
Hope no one got caught out trying this as it looks like now you’ll have to buy higher!

[Tonys @TonyST00]

@TopTradersADVFN Good job I applied for mine this morning!
Just received this email from H-L:

‘We’re pleased to confirm that your application for the Cadence Minerals plc Retail Offer has been accepted’

#KDNC