Ann: Appendix 4C - quarterly, page-3

PPY employ no-one so their staff costs should be zero.

All those people in the photo are employed by their Egyptian JV partner, not PPY.
(Another creative illusion.)

In PPY's previous quarterly report, the forecasted "administration and corporate costs" were $6K, however that has mysteriously blown out to $28K in the recent quarter.
What is this ? (given they are doing nothing) .... and why are their forecasts so wrong. ?

The only thing keeping PPY afloat is the continued sales of shares in dribs and drabs.

And why, why, why is there STILL no income after all the bullish statements about imminent sales/income from the Chairman at the AGM last November.
What is the JV (and all those employees) doing and when will the JV partner pay for the plant and equipment that PPY (allegedly) SOLD to the JV ?.... and why have none of the Chairman's sales forecast come to fruition. ?

Perhaps PPY could actually inform their shareholders what is really going on ... if indeed they actually know.
Somehow I suspect PPY have lost control of everything now it's been relocated to Egypt and in the hands of the JV partner.
I also suspect Ramy, is grinning all the way to the (Egyptian) bank. ... but hey what would I know, I'm just an ignorant shareholder