Ann: PEP 11 - New Seaclem 1 Update , page-11

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  1. 7,857 Posts.
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    With the Pareto raising for Advent via BPH at 80 cents instead of the mooted $1.20 to $1.50 possibly means that at this point in time that MMR is overpriced.

    BPH is the much cheaper entry and will hold approx. 27% of Advent and will have enough money to maintain its holding for the second drill.

    It looks like BPH will becaome the main Pep 11 play.

    MMR will get diluted as they won't have the money to contribute ( unless they raise it).
 
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