PPP27 Oct 2024 09:42
Good Morning everyone! Well we have made it to the week that most of us believe this share will be coming back (same as the last time they came out of suspension on the first week of November!)
Its been a fantastic ride and the story is only just beginning for PPP. If you got in under 10p you are a very lucky person, the reason being is, there are not many companies out there who have just signed a 30 year royalty deal of 12.5% on existing oil wells and 10% on any others in the AMI for the next 30 years! Thats a really good deal, then remember the lithium and gas JV deal with 50% interest on 250,000 acres of land across the smackover and across Texas and other counties. Fantastic when you think of it!
All with 100m shares in issue (110m if the others are RNS's as sold) That's an absolutely fantastic shares in issue when you are about to join the prime market with the likes of Vodafone, M&S, Persimmon Homes, Travis Perkins!!!! I dont think the scaremonger crew realise what 110m shares in issue will mean, you have to think we were trading 5 x times the amount of shares and look where it took us BEFORE joining the prime market! So if they came back to market with fantastic RNS which i believe they will then this has no upper limits really, they will not want anything to spoil a fantastic re-rate- here, Tom and his wife alone have over 7million shares! They will not want to dilute them much more IMO or at all. There are millions of tons of lithium and gas in the smackover so we just need a small % of that (with our oil) to be a company making/changing amount.
Other companies that have had the similar shares in issue were NCYT and they went 8p - 1100p, there are others as well, so what i saying is sometimes these opportunities come and go, you need to get on board and make the most of it, PPP has every chance of hitting 100m mcap and more IMO because we have a lot of land that will bare lithium, gas and oil, we dont know what they have been working on but i bet you its something large at play here, they have hired Lunn (a very experienced director with lots of contacts in the oil/gas industry) - its who you know a lot of the time folks so this is a good appointment!
Another point to remember we will be receiving revenue's within months of the deal, so i'm expecting to have revenues before coming back from suspension and they will only grow from here. GV have a lot of areas to explore and drill so the chances of hitting some oil, gas and lithium are exceptionally high indeed on top of our already oil bearing wells.... Remembering for THIRTY YEARS! Not just a year or two and taking most of or all of the debt from ppp. What a deal! So the guys like Bob, Gregorio and others dont have a leg to stand on, they are not fully researched and have no plan other to scaremonger before THEY buy becayse THEY ARE HOPING THE PRICE DROPS BECAUSE THEY MISSED THE BOAT!
25-40m mcap minimum, longer term 100m mcap is 100% achievable.