Hard to see why this type of announcement continues to excite the market. A little bit of perspective would be handy here. I am not only referring to BASS, but other/s who have joined this Alliance, whose SP spiked on the news, only to give up the temporary gains in ensuing days. A trader's bonanza. It means little more than ..." we are part of a group who hope to benefit each other WHEN we are able to produce our product AT A PROFIT. Therein lies the challenge. So Bass, and others, have a market and a "cooperative" of sorts. Big deal! Now establish a continuous high production process of high grade and size. Also do that at a significant profit. And in BASS' case sufficient profit to assign a meaningful value to the 4Billion shares on issue ( plus the Con Note overhang and future Cap raise dilution). Check the SP in a few days time when the traders have gone... leaving behind a wake of bewildered hopefuls who bought in at a far higher price than they will then be witnessing. Perspective, good people, perspective. In a perfect world we would all make money, but, alas, we live in an imperfect world populated by greedy little pigs... me being one of them. Anyway, good luck to readers... I hope you don't get caught.
BSM Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
