BAS 4.35% 11.0¢ bass oil limited

268m BAS FP + 128 BASO (12c) = 396m FDThat would be $2,500 m /...

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    268m BAS FP + 128 BASO (12c) = 396m FD

    That would be $2,500 m / 396 m FD = $6.30 heads, and $6.18 for an option.

    The question is, do you want to ride there with heads or ops ?
    Lets see,
    $10k buys you today at 6.5c = 154k heads, then worth at $6.30 = $970 k = 97 X
    $10k buys you today at 1.2c = 833k ops., then worth at $6.18 = $5,147 k = 514 X

    Anyone want some option icing on their cake ?
    $10k could buy you a $1m or a $5m lottery ticket, and thanks, Santos is paying for the de-risking on their side of the fence.

    If the market was aware of that prize, they would be buying a position for much more than todays entry bet.
 
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