Hi Upmarket,I am a PEP 11 investor. If the MDS spinoff does float at 20 cents a share sometime this year then it will be a nice bonus. I understand Breeze is very confident he will get the float off at the 20 cents a share which will capitalise it at $50 million. Nice.
PEP 11 is what its all about and Breeze is maximising his exposure through BPH of which he has over 30% cntrol. Just waiting for Advent to identify the exact target and then I believe the environmental approval will be just a rubber stamp as the most important environmental hurdles have already been met (its my understanding).
The May 31 options at 20 cents tell the story. It will be a complete waste of time if PEP 11 environmental approval, drilling rig and drill date don't start happening shortly.
I hold BPH,BPHO,MDS and the mother MMR.
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