Does anyone have any opinion which out of MMR & BPH is the cheapest way to get more seats in the stand for the PEL 11 drill mid-year?
I'll disclose that I acquired a very small amount of BPH stock from the 11.8c raising conducted a few weeks ago. I bought the stock purely to play the drilling of PEL 11 and have since watch it go backward pretty hard.
Today MMR & BPH shared the same PEL 11 update announcement, with MMR closing up 10% and BPH down a little on thin volume.
Currently in my mind BPH seems a cheap 'lottery ticket' at these levels considering the relatively short time frame (say 6-8 months) upon which we should have a result from PEL 11. Hence why I am considering buying a few more tickets to the game early on and looking for any insights as to what the true risk/reward of BPH to PEL11 is relevant to it's peers.
Cheers,
Peggs
Disclaimer - DYOR as always.
cheapest entry to play pel 11
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