re: Ann: BRR Webcast - Bass Strait Oil Prepar... Hi Iona.
In the Buy Early Sell Before Spud (BESBS) game, a capital raising always presents some risk. Nonetheless, the CR secures capital which is crucial and very much a positive in the case of BAS.
Sure, a large chunk of shares placed to one big institution can be a worry as they 'overhang' the market as you say. That said, I am always aware of that risk when I invest and actually assume that they could flood the market (better to factor in risk than not I reckon). Unless the market collapses, big institutions always want a decent profit - usually 20 to 25% is a minimum with these types of stocks) - so as long as you enter close to the CR price, you still win as you collect the rise to the SP that the institution sells. It is just a case of the amount you win. And if you get real lucky and they hold, you win even bigger. That is why I mentioned (in my post on why I bought BAS) the fact that the SP entry point was close to the CR price. It is essential in successful BESBS speculating.
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No. | Vol. | Price($) |
---|---|---|
1 | 45400 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 90000 | 1 |
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1 | 45400 | 0.075 |
1 | 11149 | 0.074 |
2 | 110000 | 0.070 |
1 | 10000 | 0.064 |
2 | 95841 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 94235 | 1 |
0.085 | 45778 | 2 |
0.086 | 22909 | 1 |
0.087 | 170726 | 1 |
0.089 | 21198 | 1 |
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