Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sadly I have known them both for 30 years and their true colours came out to light when they started to over promise and under deliver, lying about deals / funding and blaming everyone accept themselves when nothing ever materialised. You think you know someone and then this happens. Quite a number of friends were involved in this and we never saw it coming and had no reason to but now its there for all to see and they will pay for it
“ Various “shovel ready” sites have already been identified in the UK, capable of sustaining gas fired power generators and ancillary structures from 20MW upwards. Financial modelling indicates projected IRRs of 13-16% and NPVs of GBP16-19 million for the initial assets.”
You think that anyone is going to want to be involved with Thickie Tatnall and Fatty Longley after what they have done to PPG (they know nothing at all about the power industry ) and the other AIM companies
What gas sites, PPG don't have any shovel ready gas sites, they have nothing. They don't even have a true realisable value in the Rockpool sites. Rockpool, want nothing to do with the Tweedle Dee and Dumb
What a load of idiotic rubbish you have spouted. "Win win win for Tat & Long", the two idiots who single handedly drove a £20M company into the ground through, laziness, lies, and greed, they are utter morons , who have no discernible talent other than ripping people off and lining their own pockets
You are obviously a complete idiot and have done little or no due diligence on the two self seeking del boys. I have made it my duty to make sure these two charlatans never get an opportunity to do what they did to the 4 perfectly good AIM opportunities, Stranger Fandango, Papillion & PPG. They have taken £Ms from investors and all four entities are dead in the water and here you are pushing an agenda for two utter failures, what must that say about you!
valid reply, I agree with you and thank you
My post is in response to KingHas1 (as not to offend anyone else)
If you don't believe what a write, that's up to you but it also makes you very foolish as every word I have written is the truth. I have been totally honest & straight down the line with all my posts and just to be very clear, I have known Tatnall and Longley for a very long time. I was there at the beginning of PPG and I was the one with Chelverton who brought together the team to oust Tweedledee and dumb / Tatnall and Longley.
If you cant see the truth, the facts, the corporate history (Fandango, Papillion and Stranger) and other information available via due diligence , then you are lacking in common sense, beyond help and probably a few sandwiches short of a picnic basket and so no one should listen to a word you say. If you don't understand what that phrase means, here's the interpretation: A pejorative phrase meaning not very intelligent or of questionable mental capacity
Hype with no substance, greed, known as pump and dump, nothing other than that
Lets get this straight so giving you all a chance not to lose your money on this, as a lot of you I can tell, have done no due diligence at all. I was one of the original founding investors. I brought Phil and Paul to the table, both of whom had a huge amount of knowledge and expertise of the power sector having worked in it for years. Tatnall and Longley had a shell and no experience or skill sets at all in the power sector or running a PLC at all
The concept and goal was simple, provide power to the grid as the UK is lacking in power and power infrastructure. Paul raised all the money and found all the sites / Rockpool. Phil ran the business, Tatnall and Longley did nothing other than over promise and under deliver (they had the majority share stake) which eventually destroyed the business
Tatnall and Longley had three other shells Stranger, Fandango, Papillion, that they spent most of their time focused on. Why, I will tell you why. They told me the best way to make quick easy money is to set up loads of shells and pay yourself a couple of hundred grand a year from each one and if they fail, never mind, get another one up and going
Long story short, all the shells failed and so lost investors millions and with out a care in the world. PPG didn't raise funds other than what Paul brought in, sites, Rockpoll & around £50 million. Reason they didn't raise money was Tatnall and longley's ridiculous greed, when trying to do a deal, they wanted the lions share, started at 80/20, then 70/30 then 60 /40. Investors were just not interested with such a greedy and one sided approach. Add on top of this due diligence by said funders into Tatnall's and Longley's dodgy past proved to be a killer, I know this as I got some detailed feedback from HSBC as to why they didn't go a head with the funding (£100 million)
Tatnall and Longley ruined a great business opportunity which I and others tried to save back in January when we tried to kick them out and take control. We had money, sites and key industry players who were coming on board but sadly we lost by a tiny margin, the rest is history.
Tatnall and Longley have no discernible talent other than greed and bull****. They have no skill set in in industry or running a business. They have 4 failed shells, with millions of £s lost by investors. Tatnall and Longley took out at least a million or more from PPG and shed loads more from the other shells.
Do you really think someone serious, is going to invest in these completely useless, greedy charlatans, the answer is no
Wake up and do your due diligence
On further reflection, your post is so ridiculous & ill informed that you must be Tatnall trying to drum up the share price. it even reads / sounds like him and add in the innocent story behind his investment, aahhh......you couldn't make it up if you tried.
If you have really done your due diligence, you must be a moron and you will soon be Sirlostalot. This is the 4th failure (Stranger, Papillion, Fandango and PPG) in three years of an AIM company that Tatnall and Longley have been involved with, they have literally lost investors millions. They are complete shisters, they have no care in the world for any investor, no skill sets to bring to the table and no background expertise, especially in power. They have sucked dry 4 companies of all there cash and did absolutely no work toward building the business. PPG was valued at £20 million, (Phil and Paul did all the work, got all the funding in place and got all the sites / if you did your DD then you'll know who they are and what they brought to the table) look where PPG is now. I have known Tatnall and Longley both for 30 years, they are liars, greedy self obsessed charlatans with no true ability other that taking other peoples money and lining their own pockets, I know what I am talking about. Tatnall once said to me, best way to make money is to set up multiple AIM business's pay yourself as much as you can from them & let others do the work, if they fail start another. Do you see any pattern forming here? Your due diligence is probably the worst research / DD I have ever come across and would suggest you never invest in AIM. You are either very stupid and lazy re your research or so rich that it doesn't matter if you lose your money.
We have had no meaningful news for a very long time. The last I saw was the Alliance News item on 1st April 2020 on Morning Star:
Extracts below - full report is on PPG web site:
''PPG said it is low on funds and has decided to stop trying to develop gas new sites and pursue the sale of its current interests...........After a shareholder meeting in January, Plutus and "industry-expert consultants" have been remodelling the economics of potential gas sites with the goal of achieving a "supportable attractive" initial run rate......planned to then take the new models "to potential equity and debt funders of shovel ready gas sites"........However, Plutus was not able to "project or model satisfactory returns from or source funding with those returns". Given this, Plutus has come to the conclusion that pursuing funding for new sites and appointing a new operations team with an operations director is "now untenable" and it has abandoned its strategy of developing gas sites......... Plutus now "has no ongoing operations or revenue generation" but still holds interests in existing flexible energy generation sites, comprising of a 45% carries interest in "nine 20 megawatt co-owned FlexGen companies"..........these interests are currently "being marketed for sale" and will operate independently from Plutus. Any disposal will count as a fundamental change of business for Plutus and would need shareholder approval, as well as turning the company into an AIM rule 15 cash shell.......The board are also currently giving consideration to hiving out the remaining assets of the company, including the interests in the co-owned FlexGen sites, into a newly incorporated private company which would be owned by the company's shareholders on a basis pro rata to their existing shareholding in the company...........Back in January, Plutus signed an up to GBP150,000 unsecured lean facility.............so far, Plutus has received GBP75,000 of this loan, which were used to meet its short-term working capital needs. The provision of any further funds has been suspended given the change in Plutus's circumstances.......With "negligible cash resources" and trade creditors of more than GBP100,000, it needs creditor support "to manage its working capital position". At present, the company is looking at other funding alternatives.''
I find it very hard to believe that any commercial and sensible investor would put new cash into this, especially when you look at Tatnall and Longley's track record, 4 failed AIM listings in three years.
KingHas: I've known him for thirty years, we have a lot of the same friends and I am telling you the honest truth. It was me that brought PPG together in the first place, so I know what I am talking about
Everyone needs to remember that PPG was a huge opportunity screwed up by Tatnall and Longley, fact. Why you all think anyone is going to go to bed with them again after 4 failed AIM shells in the last three years is beyond me, only a blind idiot would be waiting on their shirt tails
Good luck to all the idiots out there, you are going to need it.
They know about him
Bumped into Tatnall on Friday, swanning around Chelsea, obviously doing very little work. I wanted to get some answers but all i got was disdain and a "F U" investors and walked off. Heard from a friend that he has been doing very little other than living off his rich girlfriend and planning their next holidays, when I say holidays you are talking £20K + holidays. This man is such a charlatan, cheat and liar, he doesn't give a dam that you have and will lose your money, you all really need to keep clear of anything he is involved with. Why would anyone fund anything that he is involved with just look at his and Longley's track record, failure after failure. He once said to me, the best way to make money is to get yourself a shell and pay yourself large a monthly income and if the business comes off brilliant if not move onto the next shell. He is all about himself
I do know what I am talking about, as I have already told you, I brought this opportunity / together at the start and have been at the cola face all the way through. They are worth something but not enough & PPG only have a 45% share in them, fact. There are financial commitments that Tanall & Longley are not letting on about, fact. They are Dodgy and they are very good a lying and getting away with it, fact. This is only going one way, enjoy the ride & remember I warned you.
They don't have bigger asset value, I promise you that you and there are some really big financial commitments that PPG (they are hiding or just have conveniently not mentioned them, Tanall and Longley are great deceivers) has to deal with and they have no money. You are flogging a dead horse. I have warned you, you are playing without know the real facts and this will go down.
PPG is going nowhere. There will be no RTO. Sale of Rockpool assets, will not achieve the value you are expecting and will not deliver anything to PPG as there is debt to be dealt with first plus there are two further large financial commitments that PPG are responsible for and they will be unable to to pay them, do your research. They wont raise any funds because no one is that stupid to invest in Dumb and Dumber. PPG will go bust and you
If T and L had been ousted, the share price would be nearer to 3p (way more than your 5 or 6 times), as there was funding in place for sites, funds for the day to day running of the business, new board members with valuable track record in power and everything necessary to build this into a very successful and valuable business.
Your approach and comments are weak and you were probably one of the idiots who voted wrongly. How foolish and short sited. This is the last I am saying on the matter
I haven't posted on here for a while. I was one of the original founding investors in PPG and have known Tatnall and Longley for over 30 years. PPG & back up power was a tremendous opportunity. I introduced the power knowledge & expertise (Paul & Phil) to Tatnall and Longley, who had no experience at all but did have a AIM shell.
From the beginning there was friction as T & L literally did nothing and left the development and funding of the business to Phil and Paul, while they created more AIM shells, Stranger Papillion and Fandango (all of which have lost millions for the investors but paid T & L huge monthly salaries for doing nothing). Paul and Phil ran the operations and brought in the funding, site pipeline, planning and Rockpool, PPGs only asset. T and L were doing nothing other than drawing an over inflated salary and charging huge expenses (some very questionable and totally unnecessary) to PPG.
T and L are complete charlatans, who have no skill sets at all other than being great liars, greedy, untrustworthy, unprofessional individual, lacking in honestly & any professionalism.
Why are you all so stupidly blind and ignorant not to have done extensive due diligence on these two idiots and researched what has gone on with PPG (over promised and under delivered) and all the other AIM shells that T and L are involved with.
Stay away from anything these two are involved with as the majority of you will lose your money. they have lost millions of £s of people hard earned money and lined their own pocket in the process
They should be banned from AIM and they will be, its one of mine and a few other powerful people's intention to deliver it
Stop being blind fools and wake up
bbtrading, what piling in? I cant see any substantial piling in, what on earth are you talking about? A few thousand £s invested by some gullible people, that's all.
Why is it worth a punt? Why pile in? why will it rise quickly? Give us some rationale and some substance to your pathetic attempt to pump this stock. We all look forward to hearing your answers.