BAS 3.80% 7.6¢ bass oil limited

Ann: 2019 Results of Annual General Meeting, page-9

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  1. 29 Posts.
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    I trust that patience will pay off also and I agree with mike about sticking around for another 12 months.

    Once the final payment is out of the way all profit is money available for drilling and acquisitions (l must admit its getting annoying being in every single announcement since last year and no action).

    It will take a quarter or two with no production issues to line the bank balance to have something to work with. If they were going to take on debt they would of by now and got the drill bit turning to double production. Maybe they will once they have full ownership and its just prudent management. At this point I don't mind if they don't and wait on production profits as i have been here so long. I do believe by december we could be back at .005. Just my thoughts.
 
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