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2.1¢ bph energy ltd

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Tsol

408 Posts.

124

17/05/24

15:41

Post #: 73881883
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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 might be right but if it is part of the approval requirements then why isn't BUY made to show financial viability as well?

BPH Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.001(5.00%)		Mkt cap ! $24.09M

Open	High	Low	Value	Volume
2.0¢	2.1¢	1.9¢	$76.98K	3.917M

Buyers (Bids)

No.	Vol.	Price($)
1	10000	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	1865221	6

View Market Depth

No.	Vol.	Price($)
1	10000	0.020
30	6236550	0.019
21	3425774	0.018
6	1186311	0.017
2	120000	0.016

Price($)	Vol.	No.
0.021	1865221	6
0.022	1804674	6
0.023	1765923	8
0.024	1560000	5
0.025	706960	7

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 2.0¢			Change 0.001 ( 5.26 %)
Open	High		Low	Volume
2.0¢	2.1¢		1.9¢	1222842
Last updated 15.49pm 07/06/2024 ?

BPH (ASX) Chart