Member Info for V111JAS

~~~ Excellent ! !

As I read this little development , I feel that it may be confirmation of the suspicions that I have had all along .

Perhaps this is indicative of our reconstructed Company with at least one new entity .

This is a focus on the Oil and perhaps Gas operations .

There is no mention of Mr Lunn`s association with our Lithium assets .

Just my speculation . NAI .

I hope this will now at least silence those who have been wrongly and deliberately misleading shareholders that the Company would not be relisted . Their deceit , lack of integrity and duplicity is there for all to read .

Remember their names .

.

Some first class research and posts over the last couple of days affrm . Thank you .

I`m still hoping for Thursday 3rd October relist ~ Just a Guess !

But surely not long now .

VGLA ~ Investors

Repeat :

Corporate activity ~ Restructuring is almost certainly the reason behind this news blackout .

Transformational on return .

The `Wait` : Frustrating yes , but intoxicating and absolutely enthralling !

All soon to be revealed . imo .

VGLA ~ `Investors`.

Interesting posts Affrm . My guess for the relist remains as before ~ Thursday 3rd October .

I can only repeat what I have previously posted in that I am sure the Accounts are not the issue , they will surely be complete although they may still await (conveniently) final audit .

I remain convinced that any delay is entirely due to corporate activity and I suspect that is due to focus on the lithium asset . A partnership / JV or even a sale would be my guess especially with a new processing plant being established in close proximity . Wouldn`t it be just fantastic `IF` a separate Lithium company was being set up on a one for one / two and we were offered new shares with the option to buy more ! You never know ! There may of course be delays due to qualification and assessment of their resource and perhaps a CPR .

After all that was the reason given for TE`s Texas visit .

I`m not in the least concerned about the delays but of course like everyone else I would like the relist ASAP .

Regarding the well program , that is really beyond our control and we must simply wait for Global V to update the market in due course .

And ~ talking about `The Market` ~ I am very glad my funds are tied up here because all I see everywhere else is gloom and serious risk !

Anyway ~ hopefully only a couple of more weeks to wait ~ But ~ No guarantees .

VGLA ~. "Investors` .

I fully appreciate the frustrations felt by PPP shareholders as this suspension continues .

There is absolutely NOTHING that can be done until the Company relists and , imo , airing frustrations with messages of suspicions will do NOTHING to alleviate those frustrations . Airing frustrations tainted with negativities creates suspicions of duplicity .

To focus on `Perceived `negatives while ignoring the oft stated huge positives seems just a little perverse .

Those who are dissatisfied with the outcome will have the opportunity to sell .

Personally I have used this black out period to accumulate a little `War Chest` and hope to be able to increase my position at around 18p .

I don`t think we will have to wait more than a couple of weeks from now ( guessing )

as always ~

VGLA ~ Investors .

My point is that Westend will know exactly what is going on .

Is it likely that Westend would have risked their premium reputation without due diligence ?

Remember that Westend were working with PPP some months prior to being formally contracted by the Company and they are specialists in activities far beyond book keeping and accounts :

Westend Corporate LLP .

VGLA ~ Investors .

NEVER , fall in love with a share .

~ " Lots of buys coming in. "

When there are more buys than sells ..... The sp price , usually , goes up .

When there are more sells than buys ......The sp price , usually , goes down .

Cat ~ No need to be rude , it says much about yourself .

Why not offer your superior considered value ?

Many invested here would value your opinion .

In fact I would be interested in any estimate regarding the `Final` outcome .

I`m not bothered about the 100k I left in here , but I remain curious to see what happens .

back of *** packet :

current mkt cap .....................................48 m

cost of development/ production ....... 50 m ? ?

value of asset .........................................48 m

value of t/o + goodwill + premium ......60m ?

value of 6 b shares ............................c. .1p ?

just a wild guess , nai .

who knows , it could be 2p (most unlikely ) , but one thing seems certain to me :

they can`t `go it alone` ~ hence the escape route in the usa .

“ until there is a very clear , funded path to production with quality transparent support I consider this Company to be dangerous and uninvestible”

" Err… there is already a clear and fully funded path to production, in Colorado. And in early 2025 there will probably be a clear and funded path to production in Rukwa. What’s the problem? "

~ The `Problem` as I see it is that the USA is but a side show in which HE1 has little influence and frankly I am very suspicious about the reasoning and rationale behind this `Adventure` . Interesting that they could expend precious funds on a new prospect halfway round the world when they are not even half way through the main chance .......

~ The REAL `Problem` concerns the clear funded path to productivity in Ruckwa ~ There isn`t one .

You might be right , They might / "Probably" , have one in 2025 , but I wonder on what terms and with whom ?

My suspicions are that some third party will probably take control and in that TG friendly agreement current shareholders are likely to be left with negligible interest . ~ That`s a big problem ~ imo .

G L .

I agree Toffers , but I`m much , very much more critical and would add :

Deliberate obfuscation , total disregard for ordinary shareholders , obscure strategy , deceptive fund raisings , inadequate weak self interested Directors , Company aligned with unknown third party (s) ....etc .

I was at one time enthusiastic about this investment and it`s potential , so many red flags now convince me this is a Company that should be avoided by private investors .

All very sad and I hope that investors here are not subjected to dilution , deception and further capital destruction .

~~~ Of course this is just my opinion and I may be wide of the mark , but until there is a very clear , funded path to production with quality transparent support I consider this Company to be dangerous and uninvestible .

Wednesday would be fine by me , but right from the begining of the suspension I have thought that the relisting would be Thursday 3rd October .

What we DO know is that the relisting date is now getting so very close , we can all feel it arriving very soon .

~ And ~ I am very sure it will have been well worth the extended wait !

VGLA ~ ` Investors `.

~ and sad for Investors caught up in yet another UK financial disaster .

From Carrillion to Comet , Marconi to BHS , RBS et all ; the list is endless and it is a shocking inditement of the quality and integrity of so many directors who , frankly were really unemployable .

Investors deserve and NEED much better protection from a City awash with Crooks and Spivs .

I will never engage with ignorant , infantile , inconsequential individuals who seem determined to disrupt balanced debate . However , I am prepared to make a general observation about the tedious behaviour of a small number of vociferous naysayers .

Prior to suspension this was an excellent thread affording valued information and debate . I suppose success brings with it the usual morons and dregs of society , and sadly this thread has become no exception . How very stupid to denigrate the Company and its Directors in which you are `Apparently` invested . What on earth can be the reasons for this sort of ridiculous , repetitive , critique ; because there must be a reason :

Most likely is an issue of over extension , perhaps some are locked in with obligations and responsibilities elsewhere .

Any T 20`s will have likely required settlement adding further pressure on those over extended .

Funds that were allocated toward finance or debt repayment might have been diverted toward PPP in the later days when the sp was pushing forward .

Perhaps creditors are now pressing for payments while funds remain locked in suspension .

Most likely those continually complaining , moaning and hand wringing have made a very personal misjudgement in managing their fiscal responsibilities .

The stupidity of their rhetoric is that : no amount of complaining will either change the current position , or hasten the relisting . Neither will that affect the outcome of the relisting , the revised Company valuation , the Company future strategy , the potential or the creation of a new entity ~ ALL of which seem likely to me .

Finally , I have no doubt that this negativity will have zero effect on those fortunate enough to hold a stake in this emerging business . Talking down this business is simply a futile exercise and says so much more about that individual than the quality of the business and its Directors . `Investors` will most likely continue to hold . Gamblers , The overextended and those with other financial responsibilities will hopefully leave .

Of course there is always a dark side to these threads where unprincipled , dishonourable individuals are recruited by the dissolute finance houses who operate on obfuscation and scepticism and are a scourge in all the markets .

Relax `Investors` , I am certain that your patience will be handsomely rewarded and there will be a tidal wave of enthusiasm when the Company updates the market .

I remain very confident in the future of what is likely to be a Company with a new exciting identity .

VGLA ~ `Investors` .

LoL Tiger ! Not quite . Stuartv is basically correct .

You would have shares in the original Company which `Might` have a reduced valuation having lost its Lithium , but frankly we do not know what value is to be given to PPP . Even without the Lithium pearl , I doubt PPP will have lost ANY value pre suspension . I still think 18p is a conservative relist price ~ for 110 Million shares ~~~LOL !

A split `Might ` not be 1for1 , and the `New ` Company will likely have required a cash injection to provide liquidity .

It may or may not have an interested party with a %age holding and all this (Among many , many other variables ) will determine a value for the `New Company` .

I`m afraid it is not as simple as 1 + 1 = 2 . Etc etc.......

BUT ~ On balance I believe such a split would be hugely advantageous for current holders of PPP shares .

Just my thoughts . Absolutely NO advice intended , and I might be very wide of the mark .

VGLA ~ Investors .

( Should not be much longer before we hear the fat lady singing her heart out , imo !)

I haven`t bothered posting for some time simply because I have nothing to add to my earlier posts .

As usual Affrm , I can`t argue with any of the points covered in your post .

However , I do have a slightly different view regarding the reasons for the `Apparent` delay in relisting .

I mentioned before that I would not be in the least surprised to see the Lithium operations spun off as a separate business .

In reality it IS a totally different business which will require different expertise , development and funding .

IF , this is what they are working on the delay is hardly surprising and has nothing to do with the accounts , it also explains the reason for a total information blackout .

Fingers crossed for a one for one split ! ~ NO guarantees there ~ but :

I`m totally relaxed about the future prospects for PPP and look forward to PPP`s return to the market ~~~ Sooooon ~~~

VGLA ~ Investors .

No problem Wimbledon .

I don`t like to see people lose money in this awful AIM market , but it sadly seems to be the norm .

I only risk a little in here and no more that a couple of Companies at a time .

It`s interesting but I have never found the winning formula , or the Company !

I hope this comes good for you and all the other PI`s who have staked their cash .

Nope ~ I read what they said about production .

Frankly , I no longer believe a word they say .

My faith in this outfit evaporated:

1. With that appallingly destructive capital raise , and

2. When LB and that FD (?) Jacob appeared on Proactive to justify their actions .

Surely the more interesting question is `Who is buying all these shares`?

It`s certainly not hard pressed PI`s most of whom will be sitting on their hands nursing a loss .

A buy out probably the most likely outcome because a partner will not wish to work with the current BoD (With one exception who could be offered a lucrative position ) . The problem that the Company have created for themselves is the speed at which they have created dilution and as a consequence have c. 6 BILLION shares in circulation .

The second problem is that while not currently distressed , NOBODY will overpay for an underdeveloped asset that `Potentially` requires a huge capital expenditure to bring that asset into production .

I`ve stated for months "Go it alone " , NEVER !

Interesting conclusion to what has sadly become another AIM charade .