BPH 10.5% 2.1¢ bph energy ltd

BUY shares up 100% on PEP 11 News

  1. 722 Posts.
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    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

 
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