With DB,s history of raises to Soph’s at well under par of trading, MMR is fast tracking a 0.002 or at best a 0.003 if he pluck some new ducks from a Soph list, but I would say 69 is completely tapped out of Pep11 punters just as the ASX market currently is !!!!
MMR holders need clarity to what is going on legally, you’ve got all these bush lawyers on Hot Copper as per usual making up fallacies that have never come to fruition the past 5 years, the latest hinges on this from 2021 !!!!! So Bloody What it’s not going to affect the Pep11 Denial by Ed Husic one iota !!!!
The pump club on MMR are completely out of line presenting this crap as the saviour of the Pep11 exploration license in Federal court against the Federal and State NSW governments.
In reality Pep11 has less value than a turnip atm now the federal and state governments have denied it , and when that’s factored into MMR,s SP MMR is overvalued at 0.002, and that’s why if DB if he can get a raise away currently at 0.002/3 he will do it, because basically he has no other option in 2025 and especially in current oily pennies market on the ASX, it’s brutal atm and actually getting worse moving into 2025 !!!
If the market crashes on the ASX which it’s tipped to in 2025 all oily pennies with out revenue will halve or more, it’s just the way the markets roll, and why as of today I’m at 90.5 % cash and very little of that 9.5% left in the ASX tbh.
Cash is King in 2025 imo
$$$&
And I’m loving it
Had a very very cool night last night at anchor crew, our first night away from a dock or Marina in our new rig
the first of many crew, this rig isn’t built for sitting in Marinas
This is the office today crew , in a very tidy protected anchorage on the way back to the yard today in Antalya for hopefully the LAST time
(20min delay)