Look at the price of BUY
It is up 120% and gone into trading halt for price query
BUY have 15% interest in Advent Energy
BUY is up 100% because BPH announced they are going to drill PEP 11 in Advent
https://www.asx.com.au/asxpdf/20200207/pdf/44dx80lb31lfd7.pdf
It says there the partners have decided to proceed to drill
The other big sign that this is about to all go ahead
https://www.asx.com.au/asxpdf/20200213/pdf/44f2k52sgcmzmd.pdf
GBA worth under $1M. GBA is owed $500K cash by Advent. David Breeze runs GBA and BPH and Advent. Advent already said they are moving to drill PEP11. Then GBA convert $500K of debt to stock at a $10Miln valuation.
David breeze would have the best knowledge of what is happening. You dont convert $500k loan to stock in unlisted company unless you are super confident.
BUY is running because they have 15% in advent. Advent could be worth several hundred $Miln again. When they drilled last time the diluted cap of advent was close to $500M with all the partners involved.
BPH is worth much more than $3Miln when this gets moving
BUY shares up 100% on PEP 11 News
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Last
2.1¢ |
Change
0.002(10.5%) |
Mkt cap ! $24.09M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $74.36K | 3.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 825986 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2014404 | 13 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BPH (ASX) Chart |