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1.9¢ bph energy ltd

You may have a point here Tiges….I recall when Scomo came out to...

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whooshka1

536 Posts.

187

17/05/24

16:10

Post #: 73882615
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Originally posted by Tiges72: ↑

All,

Please take the time to read the following NOPTA Financial Resources Fact sheet.

With regard to the recent raise ($1M) I would strongly suggest this is matter of compliance and strategy. Part of the approval requirements (as defined withing the NOPTA link above), place responsibilities on a company to meet fanancial indicators. In short, to ensure adequate funding arrangements, all of which are clearly defined in this document.

After getting my head around this document, and with consideration to the raise and engagement of new sophisticated investors it now makes sense. We need to be able to clearly demonstrate financial viability, plus the ability to appropriately raise funds. Smart play by David and the BPH team I think, and one that proactively mitigates any BS curveball that could otherwise leverage those who wish to stop this great opportunity.

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You may have a point here Tiges….I recall when Scomo came out to publicly deny PEP 11 the extension of the permit, he mentioned one of the reasons was not being properly financially resourced. If we give DB the benefit of the doubt , he may be trying to close that door on the Government to deny the extension of the permit on that basis.

Last edited by whooshka1: 17/05/24

BPH Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.9¢		Change 0.001(2.78%)		Mkt cap ! $21.22M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.8¢	$9.202K	511.1K

Buyers (Bids)

No.	Vol.	Price($)
19	2641291	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	137506	4

View Market Depth

No.	Vol.	Price($)
19	2641291	0.018
13	1595265	0.017
5	1897300	0.016
3	258334	0.015
2	200001	0.014

Price($)	Vol.	No.
0.019	137506	4
0.020	3268201	11
0.021	2609325	11
0.022	876000	5
0.023	1448423	6

Last trade - 15.31pm 22/07/2024 (20 minute delay)

BPH (ASX) Chart