Given the current market conditions I'd dare say any aquisition will be on the back burner until the Tangai field has stabilised, increased production, or at least be transacted on an "earn in".... any further placement done down at these levels would be corporate suicide IMO. Just need to have faith in the current field producing the required capital to expand operations, it's far better than the market is currently pricing it at. Unfortunately placing large amounts to certain brokers can be detrimental to the shareprice as they'll drive the price down in anticipation of further discounted shares when funding is required. That's why personally i don't think now is the right time to be chasing new assets, unless they come extremely discounted...
IMO
BAS Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
