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1.3¢ bassari resources limited

so what happens with our investment if we dont relist? just...

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raffintoy

2,328 Posts.

57

02/11/22

13:54

Post #: 64545875
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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

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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
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