If you believe in the Canning Basin, then buying below cash backing today is not a bad opportunity. Delisting is giving a cheaper opportunity for people happy to hold into a less liquid delisted play.
If this area can take off than the share price would shoot up 10x+
It is a concern seeing all the big players pull out of the area over the last few years- ie Mitsubishi, Origin, Forrest
Is this monster resource too ecologically and culturally important to touch?
BME Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
