BSP 0.00% 0.2¢ black star petroleum limited

Greetings chickendinner, lets hope something is brewing, could...

  1. 838 Posts.
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    Greetings chickendinner, lets hope something is brewing, could take a while but it's a start?

    Yep you are right, last Top 20 I have seen was 2017 Annual report which had Top 20 with over 80% so it's well held. Dilution is always a concern, but with approx. 500m shares on issue and a market cap of $1m there is plenty of room for upside, even with significant dilution, as long as they can get the SP up before the recap / vend in / capital raise. Don't forget, BSP will need to pay back the $500k it owes, so that needs to be accounted for.

    Hopefully, we are talking again soon, otherwise you know the drill - back to sleep until next time it stirs a bit... lol

    Cheers.
 
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