PPP23 Oct 2024 09:30
Good Morning All ! Firstly Bobrad i have had to report your post for false and misleading information! You cant say its gone, face it! Its in suspension, they have just hired a director, we have signed a 30 years royalty deal (12.5% on current wells and 10% on any future new wells) plus 50% JV which enables us to have 250, 000 acres of land which crosses over the smackover ( this is a massive fault which contains tons and tons and tons of lithium and gas), we know they did a raise but it was small nonetheless. The CEO have something like 8 million shares between them! This is coming back. YES its been delayed and accounts not published yet but they are using any tactic and loophole to give themselves as much time as possible to what i think is drill new wells, do lithium well testing also with gas wells, plus workovers on existing wells, i believe we will have some revenues by now too so they are going to come back to market with some big RNS's!
This has been a tough wait but we are so close now, if anyone is doubting themselves remember this, if we have five oil wells at 1000BOPD then that is a rough 100m mcap, if we only flowed 500BOPD that's approx 50m mcap, even just 250bopd is 25m mcap (all this is there or there abouts but not miles off) THIS WITHOUT ANY LITHIUM AND GAS PRICED IN AND NOT EVEN HAVING A RE RATE FOR THE DEAL THAT WAS COMPLETED ON 31/7/24 ! So what i am trying to say is, THINK!!!!...... Do you really want to sell cheaply, the moment they are back it will be NT to buy and sell, you would be mad to sell right away, you have an opportunity here with ppp to make some fantastic money but it will happen in 2 or 3 "tick ups" initially IMO
IMO - 20-30p re rate, then 25-45p, then i think (if we get the news we have been waiting for) i except us to hit 60p plus.....then it will be a similar chart to what that chartist said a few months ago resistance at 60 ish then onwards to 100p as not much resistance then. It literally depends on news they bring out, either way 10m mcap where we are now is at least three times lower than where it will and should be come opening on relisting.
I have researched this share and all i need now is confirmation from the BOD in charge and away we go. Goodluck all, we are close! Just keep your heads up a bit longer.