And this is what I was waiting for.... $302,379 is substantial and what I expected if the company was serious about preparing for PEP-11 drilling but limited to pre-NOPSEMA preparation (as NOPSEMA are unlikely to accept an application whilst the permit is under consideration with the Joint Authority). If it was less than $100,000 I would have been suspicious, if it was less than $50,000 that would have told me the company thinks it might not happen. >$300k tells me the company thinks it will happen (or they might be just forced to try because of the sunset date [so not all risk is eliminated yet]). The reason I think this, is that >$300k tells me they have actually spent money on almost everything they can which is currently available to them for the preparation of the drill, this is a positive sign.
-ASX:BPH Advent Energy Limited June 2021 Annual Financial Statements (30/08/2021)
GBA Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
