I never stated anything will be banned? There's so much community opposition to PEP11 that it will be an unpopular decision for the government of the day if it's approved.
There's a chance it will be approved: a high risk, low reward play.
In the meantime, BPH is a trader's dream: retail hopium, political hype and great liquidity. Easy trade and money to be made, it attracts traders like blood does sharks. But make no mistake, this is not a high-quality company (resource company with a biotech side serve lol?).
p.s. this is fundamental analysis, not technical.
Canberra and NSW want to ban BPH Energy’s PEP-11 offshore gas permit. Can they afford to?, page-8
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $20.65M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $91.52K | 4.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1956600 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1000000 | 1 |
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| Last trade - 15.48pm 28/06/2024 (20 minute delay) ? |
| BPH (ASX) Chart |