bas so far, page-11

Hi Clarry,

Nobody would want the SP of their company ot drop to the levels you described.

All I am saying is that BAS is in top position compared to previous situations.

How?
- They are now cashed up
- New Chairman
- 3rd party interests for JV/Farm in partners are in discussions
- Also, the company has been generous enough to realise its previous poor performance in maintaining/growing shareholder wealth. Hence they offered current Shareholders to buy in an assist the company with cap raising. They could have made it worse and made it available only to sophisticated investors. I have seen this happen to many other stocks and they pull the SP down as they tend to not have interest in the business but a quick buck at mind.

There are many other developments this year which has made BAS look as good as ever.

There are risks with any investment and BAS is no exception.

Do not think this is a time to be cynicle as is a great time to jump onboard.

Please DYOR

Geko