Member Info for affrm

Delta is incorrect once again with false facts. Anton was involved with Petroquest hence got PPP the loan from them hence how Lunn is connected. Anton had fingers in the pies with Petroquest too. Get your facts right.

He was a director (company sec on paper) but more Influential than you make out. He was actually part PPP owner I believe based on amount of shares.

anton was a director that did the accounts running alongside his day job hence he wasn't very good at keeping the books tidy or ontime.

it's easy to blame the ex ceo but that's not the reality of the day to day running of the business.

also four months have passed and lunn hasn't delivered anything yet. well only made ppp look ****e but he still hasn't done nothing. thank goodness rm is there to hopefully get ppp back trading & make the deal a success.

Fort - Yes, I think the 50p bid by BHP was known by a few as Norges and Blackrock were greedily buying stock up at 36p+. Then came the apparent switch and BHP opted for Oz Minerals. Thereafter, there seemed to be a complete panic and rethink at SOLG as we saw Darryl booted, Bob and his buddies move in aka CGP merger. The rest is history.

Had BHP made a 50p offer, I do wonder whether they would have ended up needing to up it higher as first bid rarely wins. So say 60p? Then that was based on just 85% of Alpala/ENSA. So there's a 15% asset worth to factor in. Then there's the rest of the SOLG folio which seems to have not been included. So in a nut shell, the house brokers target of (77p at the time I think) was about right. But that was a long time ago when metal prices were way way lower. And Alpala / ENSA was fragmented and not 100% owned. It did include $150m royalty with Franco although BHP could have bought haf of that back.

So all in all, their offer years ago supports the valuation of 75p+ today.

Do you not agree?

Yes i agree with that, i have always said 70-100p is about right and could be a realistic buy out price. Worst case scenario 50p per share. IMO of course

I think a valuation between 85-100p is about right. Lets get to production - hopefully not diluted too much and may even see 150p

To think Stephen Sanderson earns more than some major company CEO's is absolutely disgraceful.

Townman, i guess the "enormous amount of work being done" reply is a positive thing (hopefully it is true of course).

Ridiculous company, constantly doing raises. I lost a good few K here and i dont think i'll ever recover it unless a miracle happens.

Sheltie, I'm quietly confident. As much as it looks dire at the moment, if we can come out the other side then what we will have is something pretty extraordinary for a "10m" MCAP company.

We are sat on an absolute fortune and we are currently being hampered by no more than boardroom politics and power plays for these assets.

We are talking thousands of BOPD & gas/lithium in probably the most oil & gas rich area of the USA (I know there are other areas too).

I've said before there are some MM's hoping that the bad news pressure keeps coming, those are hoping that RM doesn't turn on the tap of good news too quickly.

I hope they release the good news before suspension is lifted so those MM's don't get a chance. Anybody that didn't close their short position is probably happy that this is like it is at the moment but all it takes is ONE RNS & they are toast.

If RM is CEO there's a lot of hope, it's obvious to me

The first thing PPP need to do is get rid of flagstaff

Their Comms is dire at best and so unprofessional. We are paying them and I think they need to go asap.

Andy if that was the only response you got - "Noted"

That's a disgrace. Is that flagstaff?

Afternoon all, yeah another quiet day on here. What's all the banning for? A lot of posts including my own were removed but I didn't see why users got banned, I haven't been checking in much today.

Still nothing from the PPP towers yet that I know of so I guess another quiet day looms.

Pointless coming on LSE anymore, people just deleting everything.

My IPA great research there thanks for sharing. I'm having a read right now, pretty interesting mate.

Tebbin where do you get that he's stopped JJ Drilling? How do you know that?

Rob-50 I don't think you'll get a response. Don't worry, things are being 'worked on'.

It will come a point IMO where Lunn will need to engage with shareholders and being the chairman he will have a duty to assist RM with an AGM or GM.... He can't keep putting it off forever.

Absolutely Timbo I'm fully behind them & know they will be covering all bases and doing the best for every shareholder.

As we know we are probably in a news blackout period for a while Timbo.... Whilst this is being worked on behind the scenes and cards close to chest.

Thanks Tim

Timbo does that mean 6 weeks from the date that the EGM resolutions were submitted?

That's right new uncle but you need to understand people have real lives behind posting here and putting more fear Into them is just not good for anyone's mental health.

Going private is probably what lunn would like, doesn't mean he can or will do it although I wouldn't trust him not to either.

You & a few have called for the egm, we may well get it if the Company do not play ball with a renewed agm date soon. Won't be long.

Rob 50 you are right, we raised monies and we still have some to come upon resuming trading as per RNS.

Your target price is definitely achievable and yep we need to wait a bit longer but it'll get there fingers crossed.