BAS 3.09% 10.0¢ bass oil limited

can the april seismic please stand up!, page-2

  1. 655 Posts.
    lightbulb Created with Sketch. 45
    Yes, same to me.

    Normally I would sell shares when substantial shareholders are selling. And if Albers want's to sell all his shares in Bass, the shareprice may not move for many months.

    It's because the risk reward ratio I still hold half a million shares in BAS. With quite some cash and a market cap of below 10 mln. BAS can easily revisit the 5 - 6 cent price range on a positive Windermere resource update.

    And if the results are much better than expected a revisit of the 2008 high of 14 cent still would only mean a market cap of 40 mln.

    So much more upside potential than downside risk IMHO.

    Cheers, Conrad4
 
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