why i don't buy mmr, page-3

Nanhina

At this stage, it is more a stock market play than gambling on an oil & gas find.

The gamble right now, today, is will they drill?

Now BPH have the $13m for their 19.4% Advent option and if Talbott complies with his $7m (whatever) then they have most of the funds required.

Advent need to place another smaller portion of shares.

So contingent on the drill occuring, it is a stock market play.

When the share price reaches are certain level at drilling, when the gamblers take their punt, if you bought now, you sell some stock at drilling to protect your capital plus take some profits.

Once drilling is confirmed, the share price will rise sharply.

If drilling is not confirmed, then current shareholders lose their investment.

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