Ann: December Quarterly Activities Report & Appendix 5B, page-39

First 39 Last

Share
Profile

Follow
jeremycbrowne

2,164 Posts.

44

12/03/20

08:31

Post #: 43440542
Share

Originally posted by jakspara: ↑

Hi jeremy, yes that's correct, strike on the options is 0.004. The thing with options, particularly long dated ones, is that they don't simply trade at their full discount to the heads. This is called "time premium" eg. once the markets sort themselves out, which it will, if BAS was trading at 0.005 then you could expect the options to trade at 0.002-0.003. At 0.009 BAS would still only have a market cap just shy of $30mill - 55% of a field producing up to 1400 barrels per day, with planned upside...significant upside at some point...company's such as BAS have been hit the hardest since Dec/Jan but they also have the biggest upside coming out of this downturn. People lose sight and miss opportunities during these times, concerning yes but it's not the end of the world as the majority seam to think. BAS has the ability to weather the current storm and possibly pick up a new assets/s while cheap, scaling up on the upturn....whether that's 3 months or 6 or 9 is anyone's guess. All in my opinion of course and make sure to reaserch any opportunity you deem worthy....there are a few good opportunities among the current carnage.

Expand

Thanks for the insight. I suppose it ultimately depends on your level of optimism. BAS last traded at .005 in July 18. As you said, any O&G company which will increase production and hopefully, profits, will make such options more attractive. I reckon there are countless opportunities across the oil/gas sector as you said and I’ll get in ASAP. Thanks again.

BAS Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

What's causing the cost-of-living crisis, and how to navigate it

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

M4M

Macro, Norden set up transport solutions initiative for West Pilbara