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4.41%

7.1¢ bass oil limited

Come on Tino give the faithful a bone; me personally I've been...

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739 Posts.

141

03/08/21

08:56

Post #: 54980709
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Originally posted by xXmlghillyXx: ↑

Well for one we have 200K USD cash in the bank. Further, we have no confirmation on how we are going to fund the acquisition of the assets from COE. Even with our low cash in the bank were going to need to raise even more capital to fund the drilling program at Tangai 5 in Indonesia thats suppose to be happening late 2021 into early 2022. We're also going to need further substantial cash to further increase the capacity of these assets were buying from COE. The price of oil is trading quite high currently and yet that seems to not be helping us very much. We have a high number of shares on issue, around 3.3 Billion. Given our low share price we could face some dilution to fund these projects and acquisition if the company looks to raise all the capital via a capital raise which seems likely. I think the market is waiting to see how this plays out. How many shares would you need to issue to raise the funds? 1 Billion?

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Come on Tino give the faithful a bone; me personally I've been popping in occasionally to see how BAS is faring!

Indo has been a mess for BAS, here's hoping that Tino can get back in to the Cooper; A place he's done pretty well from before!

GLTAH

BAS Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.1¢		Change 0.003(4.41%)		Mkt cap ! $20.62M

Open	High	Low	Value	Volume
6.9¢	7.4¢	6.9¢	$38.16K	524.9K

Buyers (Bids)

No.	Vol.	Price($)
1	1530	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	102	1

View Market Depth

No.	Vol.	Price($)
1	1530	0.066
1	9000	0.065
1	15000	0.063
2	9729	0.062
1	30000	0.061

Price($)	Vol.	No.
0.069	102	1
0.073	20000	1
0.074	818770	3
0.075	15000	1
0.076	150000	1

Last trade - 15.34pm 06/11/2024 (20 minute delay)

BAS (ASX) Chart