RE: PPP could/can be HUGE22 Jan 2025 07:27
PPP could / can be HUGE - whoever started this thread, you are right sir, it can be a solid company moving forward, particularly after the AGM, depending on the outcome of that:
1) we might proceed where we left off with GV JV and royalty deal (it's never been dead, as per RNS)
2) big step up in MCAP due to assets and royalties and new assets (wells, oil, gas, lithium) brought under the PPP and GV umbrella.
3) I assume the board will try and raise non dilutive funding where possible to help pay off Petroquest (not due until December 25) via new investors or GV.
4) we could be trading soon, although this would be far better after agm and once that's behind us and have a positive operational Rns regarding GV and JV.
At the end of the day, the market loved the deal back in July (it's a great deal which materially derisks the business) but if we can put this behind us and everything being smooth and well ran business after the AGM then PPP will do really well coupled with Globalvision.
We already had in confirmed that Globalvision have some "Upstream assets in Texas" via JJ CEO and that they are contracted by Globalvision on works for PPP but there was a NDA on all works so they could not disclose anymore, so theres another thing, Globalvision have been working in the background, quietly.... Hopefully this will be confirmed and operational update well overdue....I guess they are waiting for the outcome of all this shi* before coming out with any statements.
Right anyway back to work, keep your eyes peeled for another set of resolutions (maybe) and also another RNS that I think Will be rather positive in a last ditch effort by Lunn for extra votes.
I won't tell anyone to vote for a certain thing but whatever happens please don't waste your vote, make sure you vote and make sure that you are sure on what your voting on!
🤞🏼💪🏼 remember PPP was joining the prime market with a great deal in place, not much debt and will be in a better well ran state than previous years, better accounts, better shareholder Comms, better assets and Royalty deal, prime market is 30m MCAP minimum - we should blast past this IMHO. DYOR.
GL with the voting! Vote well, please!!! It's in all of our interests here......