Member Info for barnetpeter

Sorry Tiger but it wont be next Monday. Last year it took until november. Suspended on the same day last year. The audit will be a LOT more complex this time. The company has 6 months before delisting to get the accounts done. So no rush. I am afraid the company could not CARE LESS about your investment.

03/11/2023 07:30

RESTORATION

Pennpetro Energy Plc

Rubbish. Only have one account and have NEVER created another. The placing was small but will help the mm's balance. Especially as the suspension is about audits. I have known stocks never come back after this.....I remember one highflying internet stock. Cost a lot of investors a lot of money. Atlantic coal was my worst. Suspended then got two stonking offers then got put into administration by the directors.

I suspect that PPP will not return until October. Getting accounts sorted is not usually quick. This is a small company or it was three weeks agoProbably not a bad thing for the crazy volume as they could probably do with a break from all the press and investor interest. My guess is a opening price of 7p which will be quickly bought up.

I said on the 28 July "I reckon we could also see a placing at 6p or so". Bang on. I got the usual chorus of "no need for placing....we were told no placing". Short squeeze over now. Lots more stock around. How long suspended? Could be weeks, months or even years. A few of the later around.

Remember the name....

i said there would be a placing at 6p. helps out the market makers. got ****ged for my trouble but hey ho

Good that Ppp is down after sch a rally. Buyers want in but a bit cheaper. Holders want to add but a bit cheaper. It’s the way the market works. When ppp gets to a certain price you watch the rebound.

Still up over 10%. If it does that all this week and next it will be .....up a lot!

Yes and look at the number of trades and the volume. Years since UKOG saw this. It is only Monday and even if this vol does not continue all week it will put the company in a strong position. All the stale bulls will be out. Raising new money at a penny will transform but they may not need it after the debt was cleared

This is good news of course. If Shore sell out it will mean the market makers can no longer borrow stock on a 2 billion trades day. They would have to balance the books better and usually that means higher price. I guess they have a bit of a short squeeze now....as PPP....first time that has happened here in years. An 8 billion volume week and 500 % rally is also very good at clearing out all the stale bulls from previous placings etc. It gives UKOG a clean slate. Always good for a micro cap of course. I reckon the MM;s have been talking to the company....first time that would have happened in 5 years

Yes of course. Including some of my UKOG profit. It went from 19 to over 90 in a day. PPP is a bit slow in comparison

19 to 90 since this time yesterday. Fantastic! Bound to fall back a bit on profits being taken. Been a long time since we have seen a few days like this. What fun!!!!

PPP may well go down to 8p today after such a rise. But the deal is for 30 years not 30 mins so it hardly matters except to day traders

PPP was just 0.55 a few weeks ago so around a 22 bagger in less than one month. UKOG has hardly moved yet. 8 pence would be about the equivalent so plenty to go and I reckon we will see a huge amount of volume here and there this week. Billions......Lenigas sure has the magic touch!

no tip or ramp intended.

PPP was just 0.55 a few weeks ago so around a 22 bagger in less than one month. This has hardly moved yet. 8 pence would be about the equivalent so plenty to go and I reckon we will see a huge amount of volume here this week. Billions......

Sure....some of this rise is due to a short squeeze I reckon and do you remember that "White Lion" (I think) ostock that went to a mad 350p or so on a squeeze. I bet a few on here would love to see THAT price on PPP!!!

It usually happens when the market is so short of stock and cannot deliver the shares. The LSE has had to suspend a stock in the past when there is a massive short squeeze. No-one wants that. Buyers have bought hundreds of millions of PPP but it does not exist so something has to happen ......when the float is so small as here.

I have some at 0.6 but I admit I would be well tempted to add more at 6p. So would everyone else. I am just guessing at a placing though....the market makers must be tens of millions short and they must deliver all this stock.

Long time since I looked here on a Sunday. Esp on a sunny day. But I reckon I will be able to sell a few for a 25 bagger. Just booked a holiday on the profit I have already taken on PPP but my wife and I fancy Tokyo and then a cruise around Japan next year and well..... I only need 16p and I can even keep a free roll too.

No. Too much. Part of me thinks it is all good to be true but my original punt was at 0.6 a month or so back. i can see 15p and I reckon we could also see a placing at 6p or so. But if we do I reckon the mms will mark it down sharply and the buyers will just pile in. Its a long time since small cap punters have seen something like this and I reckon we will have a stonking August in the small caps. I sold some for a 13 bagger and punter accounts are groaning with cash. I even made a quick 50% on that old dawg UKOG on Friday ...out now. This is the time to make the money for the year ...it really is!

That will be a 20 bagger for those who bought just before the rns.

Any bears went broke ages ago. The mm;s must be running a very short book. They would love to crash the price but only a placing would allow that. Say 150 million shares