Couldn't keep up with the amount of posts here today.
Technically it pulled back and tested 1.6c before moving higher. Then again retested 2.1c today and held it. That is a bullish setup.
Advent still have a few approvals and milestones to get to drilling but NOPTA is a major one. Once they have secured it I would expect them to provide guidance on well location and then how it is to be funded.
I am a little more optimistic than some here. I don't feel any of the companies in PEP11 will suffer that much dilution. East coast gas is now refered to as the east coast gas crisis due to lack of supply and record prices.
In my view a partner putting up $25M might ask for 25% in the well. Would be a good result for all PEP11 shareholders.
BPH vs BUY Disparity, page-100
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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 |