RE: PPP Share price: £1.111 on 20 July 201819 Sep 2024 12:52
Funny how...different pi's are looking at this in different ways....as i posted earlier in the week..traders will see this differently to investors...each to their own
From where i am sitting...ve rns's...whilst in suspension are waste of time...we lose potential re-rate...take DEAL/CONTRACT signed rns on 1st of AUG....a question you may ask yourselves....had that rns come a day earlier would we have been suspended at 9.55p...or another way of looking at it.....assume if they had waited and given us DEAL signed rns upon re-listing...imo that also would have had a far BIGGER impact on re-rate correction
I am sure DEAL signed rns was given at the point it was for three reasons...1. market was expecting it 2. bury bad news ( placing ) with +ve rns..3. they simply wanted to get it out there in this accounts period.
Having said all this... i do agree with NU....the company did say they would start operations in early AUG re-j&j drilling and there would would be several upcoming updates...so all in HONESTY market should be informed of whats going on in background......right now as it stands we dont even know if J&J is on ground or not...we just hope they are....which aint good enough.........with me personally i dont give two monkeys if we get confirmation or not be4 re-list.....for me i want regular updates whilst listed,,,,that would keep INTEREST going
Point of note....ask yourselves this.....if there was no +ve news forthcoming...why did they raise ONLY £660k ...they could have easily raised more......they didn't....imo there has to be a VALID reason for this....also...why would one ii invest £300k without doing DD.
Problem i see with updating market once would mean regular follow up updates....for example....they could have said.....cleaning operations at well 1 started....then 2nd rns would have been needed when cleaning was completed....then we would have expected initial flow rates...etc etc...all this happening whilst suspended would have been wasted opportunity imo.........what i would like to see on return is the following rns:-
1. Cleaning operations at well 1/2 completed possibly 3/4/5..initial flow rates expected soon..if rns mentions..... .well 1 and or 2...we will expect more rns's re-other wells
2. Regular updates re-LITHIUM/GAS project....dont forget...we will be working and will be BUSY on LITHIUM side of things from now on...OIL side of things will be free carry GLOBAL will decide when to update us...that side of things will be out of our control..
3. At least 1 TR1 from this mystery ii
4. Possibly new acquisition and or new JOINT VENTURE partners.
5. Other
Make no mistake about it...on re-list....ppp would be all over the place..UP DOWN...YO-YO...you name it you will see it..if few are nervous right now...just IMAGINE what these poor sods will go through on re-list....certainly wont be for faint hearted this
I just hope INTEREST = SAME...and VOLUMEs go through the roof again
HAPPY DAYS
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