RE: Going forward19 Dec 2024 09:21
It is wise to remember that the need for audited accounts is a requirement for companies with assets or revenues exceeding 5.1million pounds. The fact that we require audited accounts should provide comfort. However this cannot possibly be allowed to drag on and on. PPP was getting itself ready to move up to the higher level of listing within the main market. Reshaping the company in light of the fantastic deal done with GV announced frustratingly on same day as suspension re accounts has allowed them to surely do lots of behind the scenes work on reorganisation of PPP to ultimately benefit shareholders. But we now need to get going. The last RNS update on project was that GV were going to be kicking off this now in the weeks after Thanksgiving. I would say that realistically with Christmas next week it’s likely a lot of big news flow post Christmas with accounts posted, suspension lifted, solid updates on GV Texas JV and announcement of new CEO along with new website. To be honest the company should emerge in a better more organised state without the need to ever raise again with 20yrs+ of big revenues from this all set in a drill baby drill context coming with Trump administration in January 2025. IMHO DYOR GLA