16.5c cash/share +1000bblpd+1c/share interest , page-16

>>Dargie,

"That isn't someone just popping into the market to pick up a few shares. That is someone mopping up a large parcel of shares for sale."

So what?

I also wanna top up at 13 or 14c.

Oil price $91.5 now.

PPP's interest income alone, is already sufficient enough to pay 1c div per share.

Next quarterly report, you will see PPP's cash backing increased to 17.5c/share. (at least 6m net profits from the oil sale and interest income)

I suggest PPP invest in coal or iron ore projects in 2010.

Any investment announcement by PPP in 2011, can boost the SP into 30c range, no doubt! have a look at MOD mate.<<

Hear hear...

Agree with Syd... not enough downside and too much upside for insiders to secretly sell off like Dargie is implying. Sure it does happen and has happened- no doubt. Yet for under 20c... with cash in bank worth 16c, oil revenue is worth several cents... so we have negative enterprise value.

It is certainly a no brainer no real risk play to buy now and sell towards 30c on ANY buying opportunity announcement. Very easy double bagger in the coming month or 2 IMO.

Cheers JAY