Pennpetro Energy Share Discussion Threads

[firestorm911] 24/7/2024 09:49

My friends, fans and followers

My unhinged stalker, MadnificientMong, loves to go into F911's posts daily. It tends to be the reverse.

When F911 sold all his good shs on PPP 3.60p, IT bought it.

Then F911 bought again in the lows, IT then sold ITs share at 2.40p and also reversed.


All I will say PPP is a good shs, as it has risen from 0.70p and it's 3.20p to buy.

The buy buy-buy-buy switch was on from the lows. Please ignore the jealous spazz losers.

Enjoy !!

Regards,
F911
RMC

[ozzmosiz] 24/7/2024 09:38

And there we have it. Someone who speaks like this and then expects folks to listen to it. Can tell school holidays have started and the kids are bored

[ozzmosiz] 24/7/2024 09:32

For someone who's "not interested" you sure waste a lot of time posting here.

[purple11] 24/7/2024 09:31

yes sentiment drives shares so this may well heat up.

you pays your money you takes your chance.

[purple11] 24/7/2024 09:30

shakemaster

my target was when they owned 100% of the asset and had initial positive drill results.

[jungmana] 24/7/2024 09:28

Well done but imo holders here should do well especially with drilling commencing in early August. Aim is primarily news and sentiment driven

[shakesmaster] 24/7/2024 09:28

Considering his target was 12p and it went to 0.7p





purple11 - 01 Jun 2024 - 15:45:36 - 244 of 711 Pennpetro Energy PLC - PPP
i sold my 2.30 stock at 1.90 as you know. very well

there is risk here but the upside is a multibagger.

you yourself highlighted the tremendous potential here and that was from 2.30p.

nothing has changed apart from they had some rig issues with one of the wells

[purple11] 24/7/2024 09:26

CMRS is well worth a look if you like cheap ones.


The BOD in charge there are worth the cap alone and its just secured a great silver asset. £900k cap .atb

[purple11] 24/7/2024 09:25

i was here from long before

i first got in @2.30 then sold @1.90 when their drill backfired.

i then got in again @.70 long before they announced this.

i figured the listing was worth 700k so bought it.

just a lucky break when this was announced as it could have gone the other way and suspended.

[big bull billy] 24/7/2024 09:23

Breaking out by the looks of it.

[purple11] 24/7/2024 09:22

i think youre more interested to see if this is about to do a double extention move

as is the market, which is why there is buying just now.

it will cool off suddenly and retrace if the double extention isnt happening.

im not buying it but gl if you have a go

[big bull billy] 24/7/2024 09:21

Going to the moon

[jungmana] 24/7/2024 09:21

Another point worth noting here is when the news actually broke out on Wednesday last week,There was less than 5 million under 1p out of the 84 million volume traded . The vast majority of trades on that day actually took place between 1.30p and 2.40p.Therefore I don't buy this story of so many who claim to have loaded up about 0.70pPersonally I bought in at 1.30p

[purple11] 24/7/2024 09:20

good luck whatever you decide to do.

These type of shares really are a pure punt and they can go either way.atb

[jungmana] 24/7/2024 09:17

Purple I also sold as pointed out here but after digging further I realised the value here.Am still on the sidelines

[purple11] 24/7/2024 09:11

well if you think its a hold and youre holding for 8p good luck to you.

i sold my .70s for 2.50p nearly four bagging and have exited.

imho this is pure junk and im not interested.

we each have to play our own game gl

[jungmana] 24/7/2024 09:02

Purple is the acreage they hold. Is huge and That's were the value is especially with the 50/50 lithium jv. The acreages should command at least $10 million. Why do you think Global vision decided to take on the debt here and all drill expenses?Global can drill a hundred wells over the next 5 years if they choose to do so.

[talais] 24/7/2024 08:59

The dream is very close now. Gla

[purple11] 24/7/2024 08:55

8p for a 12% share?in your dreams

these wells only produce 50bopd so even if they drill 10 wells ,which they definetly WON'T,PPPs share is only 50bopd

that aint gonna get you anywhere near an 8m cap valuation.

reality is PPP had dire drilling results on this acerage and ran out of dough

a numpty company then stepped in and took the asset giving PPP a 12/5% royalty because this was a better option for them than having to stump up any real money for the asset.

[jungmana] 24/7/2024 08:52

I have been doing a lot of digging on PPP assets over the last 2 days and the deal just announced.Imo the share price should be at least 8p ( GBP 8 million market cap).The drop from 2p down to 0.60p this year was due to fear of going burst but looking at the assets just 2 years back the market cap here was about GBP 30 million.Same number of shares today and imo this is worth at least 8p today. And that's the bare minimum.Is good to take time and have a closer look