BAS 4.55% 7.4¢ bass oil limited

Ann: Operations Update - September 2023, page-62

  1. 2,203 Posts.
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    the question is why in high oil price time is this getting pushed down. 2 reasons IMHO, first it's leaky and there is a problem with one of the oil drilling programs.
    Second reason is someone is keeping price low for a takeover move.

    The 3.8 million oppies is there in 1 big order, if someone was trying to exit you would think you would be a little more subtle. However if someone is wanting to do a takeover they could easily/cheaply dump the option price down below 1c.

    The heads and oppies volumes are low suggesting someone isnt dumping in a panic hurry. some games are afoot.....interesting few months ahead.

 
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