BAS 1.47% 6.9¢ bass oil limited

Ann: Bunian-5 Oil Production Commences Strongly, page-78

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  1. 113 Posts.
    lightbulb Created with Sketch. 47
    I understand your frustration.

    The price doesn't appear to have moved much.

    Look at the volume though, 170M shares have turned over this week. This is massive weekly volume for BAS.

    The VWAP is just under 0.3c. This too is at yearly highs for BAS.

    That 225M Shortfall placement a few weeks back is what has kept us back, nothing else. They are nearly done.

    Next time we wipe 0.3c it will hold imo, then we can start working through the 0.4c'ers.

    It also gets easier as the % change over the spread decreases. More liquidity.

    Stand back and look at what has been achieved this week, Tino has doubled production, overheads will only increase marginally.

    That is a fantastic result. The stock will re-rate on this.




 
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