PPP - We are getting close to coming back14 Oct 2024 16:35
Strong Buy on return first of all!!!
Secondly, i see its the same FUD spread screw here again, with the good guys here too. Well Guess what, we arent far away now so expect more of the trolls to start appearing. We have to rememeber why we invested here. This is a chance of the decade, THINK!!! How many companies have 100MILLION SHARES IN ISSUE, a 30 year royalty deal landed, ZERO or very little DEBT & about to join the prime market!!! Not the Aim market, but the prime market. Companies and Pi's would die for that.....so if you are in this already count yourselves very lucky, the ones who missed out its tough and you can buy again on open. If we land any positive news on workovers, new wells, gas/lithium expect massive re rate from here, its going to re rate anyway IMO because we still haven't had that AFTER THE DEAL WAS COMPLETED DUE TO SUSPENSION. The placings were so small so lets keep things in perspective here!
Remember the facts shared in recent weeks and lots of knowledge and links etc, Tom literally said " my time in Texas took much longer than expected and for good reason, i look forward to updating shareholders by RNS in due course".
Now we know that we have:
2036 - OIL acres 12.5% royalties on existing wells and 10% on any new wells (company maker deal)
250,000! Acres - Gas / Lithium (could well be oil as well under there) 50% jv (huge company maker deal here)
Debt Free / or very small
Low number of shares
Joining the prime market
The hottest stock of the year (guaranteed) with many many eyes, pi's ii's waiting to get onboard here
Absolutely ridiculous growth potential
Tom and his wife have 7/8million shares! They wont want to lose or dilute that much more unless critical
New director hired - With a lot of experience and contacts!
New accountants hired - Westend LLP. Working on accounts and now awaiting final sign off from auditors!
Please please please......do not let these fear spreaders have your shares cheaply. You have ONE OPPORTUNITY HERE, keep hold of them, watch the re rate happen, there will be initial games, maybe an initial drop of 10% (dilution amount if those shares are sold) for seconds and then it will be NT to buy as it races toward 20p and beyond.
I have done countless hours of research, conservatively speaking here if workovers go to plan and GV add more wells and we have the gas and the lithium JV too i fully expect a rise in two or three phases, initial post suspension re rate, then will be sellers and buyers buying back in again raising it again to a higher level and then it will be further rises once revenues and new wells are being brought into our portfolio.
Im expecting (not hoping) rises to at least 30-40p initially followed by small drop and then big rise to over 60p. I think PPP will reach 100mcap within a few months.
If we have just 5 x wells at 1000BOPD that would be easily 100mcap so even 500 BOPD your looking around 40-50p per share, lets not forget the lithium & g