RE: TRANSFORMATIVE upcoming 12 MTHS22 Aug 2024 18:02
#Strong Buy !
The market saw the potential in the deal. Even with the not so great accounts Hence letting it rise from under a penny to over 12p and that was pre confirmation of the contract all signed.
So now it has been signed and the deal is done, the accounts will only improve from the deal and growth will continue.
I think the contract, suspension and RNS releases were all planned and now it enables PPP to really concentrate with their new JV partners a forward plan of the new drill targets and a programme will be released I think for both lithium and the oil&gas
It gives them time to reset and get their house in order (new accountants ie Westend LLP)
New market listing, new website will be released so they are obviously pushing to expand and attract new investment. You can see it a mile off.
I think the existing wells should flow better than previous because they are going to be using the fishbone drill technique and other companies have yielded great results from wells that were not producing loads - upto 10 x oil recovery.
I think the market will look at it overall and there's no denying the company h are in a better place as of 1/8/24 than previously.
You could use HEX as an example.... 30m MCAP and not earned a jot from any wells they've drilled, they have all the risk is there's no lithium either, we have a 250,000 acre AMI and A 2038 oil AMI JV and revenues very very soon.
We have minimal risk, good reward for minimal risk, 30 years of revenues that will grow exponentially from this year onwards, how much do you value the lithium JV at!!? 300 shallow gas wells (quicker cheaper to drill) and 28 highly significant wells and sat on a massive lithium salt dome smackover
Regardless of the two placings (they annoy me more than anything) the company are looking good going forward even if the first set of accounts aren't amazing they will get better and better. Do we think global vision would have given up 12% and 10% of revenue if they didn't believe they could recover a lot of oil and gas and they have the finance and resources to extract and find the oil. It the same with the lithium JV, we are talking mega potential. A 10m MCAP is quite laughable now given what the deal brings with it. GL all
Next 6-12 months is going to be excellent for PPP. Let's not forget 18months ago they were 30p & two years ago 50p plus
and I think the current PPP SP will reach new heights when we are back post completion of the deal. Guess what, no lies in my post, no ramp made up, all real.
So we must all be positive because generally speaking PPP are looking fantastic going forward into 2025 and beyond.