It’s already been flagged in the COE release that a requirement for BAS to buy the coe land is a cap raise so expect the dilution, they have no other option not enough cash to buy the coe permits or even enough to drill the indo stuff. Nobody would lend them last time to buy the indo stuff it ended up being coe that gave it to them and just in the end was paid back by dilution. Anybody that can prove to me that tino with bas has ever made sustained money would impress me.
Ann: Quarterly Activities Report & Appendix 5B June 2021, page-12
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