BPH 4.00% 1.2¢ bph energy ltd

Ann: Appendix 4C - quarterly , page-3

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  1. 1,983 Posts.
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    Be careful of the NTA, most are sunk costs from past exploration. For me the highlights are the exposure to PEP11 (blue sky !!?!) and the cash per share of about 1.7 cents.

    BPH is going to need much more cash to do anything, or Advent is going to have to give away part of the farm to get carried for further exploration. Not sure of Advent's cash position, but between MMR and BPH they only have about $15 mil.
 
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