PPP9 Sep 2024 14:26
Afternoon All !
Been working hard the last few days so not had much involvement here or telegram. So pretty much the same messages being said, we are all waiting on news and an update....
So if we compare it to last year we had an update yesterday/today so week 6 into suspension. No fear, we know from the telegram group and email shared that there is a lot going on in the background, we know they have done work overs and i believe they will be potentially either targeting or drilling new wells or maybe just working over five existing wells for now...
We have loads of news to come, massive news, Lithium JV updates, Gas updates, Oil updates, Revenues updates, we still have the re rate post completion that we never ever even had the chance to have due to the suspension. I believe we are looking at September/Early Oct return, i would rather them delay and come back with loads of share price catalyst news, we want maximum re rate possible, then with every milestone passed ie new lithium wells drilled or oil wells drilled etc it will only add to our MCAP. Patience is required for now but i believe we will be rewarded handsomely. It has gone pretty quick, i know we want to be back asap but sometimes things are best waiting for, another reason why it might be very quiet is a lot of cards close to the chest, we can all bet theres a lot going on with our JV's, they will want to surprise the market and give Shareholders and future investor's / ii something to get excited about!
Tom promised us the deal end of month and he delivered, there's so much more good stuff to come, not only imminently but over the course of the next few months to a year. I am happy to wait to get maximum return on my investment, the future looks bright for ppp based on the deal alone let alone adding all the good stuff on top.
Not long now IMO, at least for an update officially by RNS, then suspension lifted by end of sept/early oct IMO. We know the new market awaits our arrival, as does some hefty buyers, ii's and it will be amazing to be back.
Theres been a bit of talk about charts, the chartist from a couple months ago that said resistance points at 35p, 67p, 104p probably will not be far off, remember fair mcap for ppp should be 30-60m mcap now post deal, if all five wells are firing at 1000bopd then we are looking at 155m mcap, imagine when Global add more wells, lithium, gas, oil = more revenues....
GL All, keep your chins up, good times should be headed our way soon!