The thing is TD1 you have to move with the times in the oily pennies if you don’t you get left holding the offal!!!
And it’s exactly why I’ve exited Pep11 Inc through 2024 and of which I have disclosed right across the spread of BUY, BPH and now MMR for what’s about to hit the SP In the ST, with of course Ed Husic going to exercise his public intent of denial of the Pep11 exploration license at a time that suits him and the ALP.
I have given DB enough chances in 2024 TD1, subsequently reward by endless cap raises in 2024 everytime BPH looked positive, so I took that as a sign the Gig is up in Pep11 Inc early in 2024 and DB is running to cash in which he has done endlessly in 2024, for really no apparent market reason except he knew what laid ahead for Pep11 Inc imo, and to Batton down the hatches because Pep11 is about to be flogged and buried and burnt again Federally and he needs the coin in the bank to pay his overpriced and over paid salary during the rebuild of Advent without Pep11, and subsequently the rebuild of MMR and BPH when it looses its only real project of any value in the Australian market!!!!
So yeah I’ve changed my mind on MMR as it’s a dud investment now imo, it’s pretty simple to see imo TD1, and I’m disclosing my sell position and all the reasons for it, just like I’ve done for nearly 20 years on Hot Copper, will I buy back MMR at 0.002 ????
At this stage maybe but it will depend on what DB fills the HUGE Pep11 gap with once Ed Husic denies the Tenement its license.
As we know TD1 DB is about to retire, he’s pushing eighty now, he’s not going to follow through with MMR or BPH he will simply walk off into the sunset with a bucket load of free shares he’s accumulated over the journey to dispose off at a time that suits him in 2025/26 imo, and sadly the shareholders of MMR and BPH will pay for the DB exit imo !!!!!!
AGAIN !!!!!
And I certainly won’t be one of them paying that exit, mainly because I’ve seen it happen to many times before in the oily pennies in the past exactly in the Pep11 Inc current position of a crusty zombie like aged Managing Director.
There are much better oily pennies on the market atm TD1 at very discounted prices atm, and Pep11 Inc certainly is not one of them at current MCAP,s, and especially with what clearly lies ahead for all companies involved in Pep11 Inc imo, and the devastating actions such Federal Government developments will have on the SP of all Pep11 Inc companies involved once Ed Husic exercises his publicly released intent on the Pep11 exploration license moving forward into 2025 imo.
(20min delay)