RE: 30p19 Aug 2024 23:10
For the deal that's been signed with all the existing wells, the revenues, the future planned drills of 30 plus wells for oil & 300!!!.. gas And lithium wells and all the acres and JV our Mcap is and should be AT LEAST 30M (around 30p share price minimum)
What's really going to anchor this share price is good solid updates on the new lithium deal and the oil partnership. If there are such news updates & once globalvision start updating us that they are drilling new wells and same on the lithium side and revenues are coming in then we could be anyway 60m Mcap upwards.
Very soon I am expecting such updates or similar good updates and these small placings will be forgotten somewhat & sentiment will change.
I do think PPP are growing as a company and doing all the right things, new website, new accountants/advisers, listed new market, new deal.
The doubters will doubt but most of that is agenda driven.... Not saying all will be Rosey but our deal really takes a lot of the risks (virtually all) away. It's a sweet deal and the market aren't stupid. 12% royalties on current 5 wells / 10% royalties on new oil wells for 30 years & 50% revenues/profits from the lithium JV....
We are never ever a 10m Mcap anymore. The Placings knocked confidence slightly but doesn't knock the fundamentals and the fact that the future growth will be huge here.
It should be a 30m Mcap minimum for ppp on relist but I'd expect us to reach 50-60m Mcap within months if good news flows in.
As per that chartist video If we are going by charts alone the resistance points are 37p then 65p? Then over Β£1 was the third resistance. I think those are correct but please correct me if I'm wrong.
Good news is coming. Winter is coming. Winter = oil = drills = news / revenues incoming
Lithium news, updates, planned drilling schedule yet to come, update on significant 28 wells, again updates on revenues, deals done, Majorca sourcing from us ie Tesla!!! Mentioned in RNS they are local and sourcing.... Think there's more to the lithium side than has been mentioned so far.
To cut all the BS and doubters and derampers PPP mkt cap AT LEAST 30M NOW. Moving upto 50-70m with news and drill updates then beyond this with more growth and revenues and especially if one of the lithium majors/Tesla approach us for lithium then over 100m Mcap very easily.