BAS Chart, page-1052

Its simple really. The stock was at 6c for awhile, then rumors and increase in oil production had it moving up to 9c. Then the Santos Beanbush nearology news hit at the stock was pumped to 22c and hovered awhile around 18 to 21 then slowly moved down and bounced around. The HC rampers & other market players pumped Bas for their own agendas. Then some world macro stuff hoped on the bandwagon but Bas rampers kept on the Bas story.

But slowly the truth reality has finally come through that Bas only makes a tiny profit of 50 odd K, needs a much higher oil price to make inroads of real value, has some gas potential but no reality off and no interest in pursuing Beanbush for a long time - well maybe after santos develops their areas of interest and shows production is on, could be years away

So Bas has had a hard landing and almost back to where it started. The rise to 22c had no fundamental valuation to support it and was a market guess and pump. I have been very burnt by all of the above rubbish and have learnt a big costly lesson as to just how dangerous the market is & equally how deceptive is an environment like HC. I made my bed and mistakes because I was deluded by a HC mindset, my mistake and my blame but a big lesson to put to use for the future.

All IMO.