value buying with achievable growth, page-4

If I recall correctly:

1) Helmsec valued the share price at around 80c earlier this year.

2) Institutional investors paid 35c a share in the last 6 weeks for the company.

3) The company is producing an income as well as exploring

One of the aspects I like about BSM is their good experienced management and they dont seem to hold back from releasing news - both good and bad to the market.I think honesty and integrity in being open with your shareholders is a good thing.

Professionally I have experience in groundwater management. The recent unexpected groundwater ingress is not unusual for a project working below ground level and it is pleasing that the water is being adequately managed.

To me, this represents an under valued company