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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