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That is my point, none of the parties will have to put up more...

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Churrrrrrrrbro

722 Posts.

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03/02/20

08:59

Post #: 42707935
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Originally posted by Whiplashed: ↑

er, a few holes there churbro.

At what point in richman’s logic would mmr be investing further in Advent??
item 1 - bph is controlling advent. No real effect here on valuation unless NOPTA say “get lost”. No $ needed from mmr.
2. Bph needs to find funds to support advent to achieve this. Cost some $300k. No input from mmr.
3. if Advent’s achieved the above, what valuation is then placed on all the holding companies? All advent shareholders likely to get diluted pre drilling. BUT, mmr can choose whether or not it agrees with the new value proposition.

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That is my point, none of the parties will have to put up more cash
He is making out like GBA BPH and BUY all have to put up their share of well costs but not MMR
Check some of his posts saying because BPH control advent they have to raise all the $20Miln.
Advent will raise its own money and drilling not the individual shareholders

GBA Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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