My thoughts?a) there is still some money and life left in...

My thoughts?

a) there is still some money and life left in Advent
b) the PEP 11 drill was puffed and pumped. It WAS ALWAYS a high risk play, typical wildcat drills have a 10-20% success chance. Even highly prospective locations like GOM are struggling to get to 30% success rates.
c) they need to go back to the geology and ensure they fined a prospective location where the seals are intact.
d) As an entry point to Advent BPH is streets ahead of MMR.
e) My feeling is that by June this year this flea bitten dog will have been kicked so hard the SP will be significantly less than it is now an at the EOY sale I hope to pick up a significant handful of shares
f) On another note like vcubitt I was upset with the cap raising last year, but for a slightly different reason, being they maintained the suspension longer than originally anticipated and I wasn't able to sell as many as I would have like pre-spud/results of drill
g) Not a lot of value in picking up BPH for MDS and Cortical as the in specie dist has taken place, so us long term holders just have to wait to realize value. This may take ages as there is no excitement in the market currently for and bio IPO's.
h) Good idea to give them a shake re bio listings, but don't have much confidence.
i) I believe one thing that everyone has correct now is that this will play out over the coming years, not months.

Good luck to all, I acknowledge that my assessment maybe wrong, at this end of the market it is all about managing risk, exposure, probability, protecting capital. When a chance comes to place a bet on a 10 to 1 pony at odds of 100 to 1, then I'll take a horse in that race.