Australia's largest stock trading and investment forum Australia's #1 stock forum

BSR

Click for more information

0.00%

1.3¢ bassari resources limited

Email Recieved 11/5/22, page-75

First 75 Last

Share
Profile

Follow
raffintoy

2,338 Posts.

57

02/11/22

13:54

Post #: 64545875
Share

Originally posted by Assl2015: ↑

No we will not relist

we owe Bishop $29m
this is being exchanged for up to $5 m in shares in Bishop to be spread across all BSR share holders (we get quaranteed $2m the remaining $3m is based on gold reserves to be discovered)

Bishop needs to list and is expected in the first quarter of next year

when we were delisted we had a market cap of about $30m from memory so best case we get 1 in 6 back about 16% however that is at 1.3 cents I know I purchased about 1.7 cents so I expect most of us will lose over 90% of our investment Bishop will need to 10 bag just to break even, not considering opportunity cost of having to wait x number of years. It's a dud an ASIC or ASX or should investigate given what we were told in announcements about progress

a valuable lesson for me I am quite fortunate that I am young and while i lost about $25,000 i can recover and i am doing well on NHC (looking like it will be my best investment ever) which has already made up my losses, and hopefully make me more money

Expand

so what happens with our investment if we dont relist?

just money gone?

Explain how we would if we were lucky to get our or some of our investment back ?

BSR Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

IMU

Imugene kicks off Australian trial for blood cancer treatment

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Trump is President Again: What Does This Mean for Crypto?

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

HotCopper Highlights: Your most watched and most discussed stocks this week

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 38 more messages in this thread...

First 75 Last

Add BSR (ASX) to my watchlist