RE: Accounts Completed3 Sep 2024 15:49
MattK6, The thing is if ppp had nothing going for it i would call it ramping. Completely ramping or hype as you call it however PPP have signed a done deal a 30 year ROYALTY revenue stream, so with every single well that gets added on, the MCAP in theory will just keep growing as well, we have all of the AMI yet to explore and drill, we are talking huge numbers here and HUGE potential here. I agree the MCAP could well reach 100m mcap but i dont think it will be a fluke getting there if you see what i mean? I think it will be pretty justified.
But i do see what your trying to say overall, we definitely are not a 10m mcap company anymore that i am certain of. EUA went from 0.35p all the way to 47p, xGGP - 38p, NCYT - Into the £pounds! EUA didnt even have a great deal at the time and had shed loads more shares than us before going upto 47p EUA came out of suspension circa 3 times the value and then went higher and higher from there...with over a billion shares in issue went to 47p!
PPP currently have 110m shares in issue with absolutely bounds of potential and current existing wells and AMI and the thirty years of royalties in bound... so when i see all that then a 100m mcap doesnt look a million miles away, dont get me wrong might take few months but i think it could get there.
Put it this way, the bare minimum id say for us is 30/40m mcap...30-60m is a fairer estimate. As MyIPA said earlier 5 wells is worth 155m approx, so even half of that is excellent.