Ahh, but now the announcement today for the dec half year accounts. Notes reconfirm that following the 15th July 07 redemption of 25 cents + royalty distribution for the 6 mths Oct06-Mar07, the units will have been fully redeemed, have a par value of Nil and will be delisted.
IMO they have a value today of around 45-50 cents tops. Good luck to anyone who wants to play musical chairs and be left holding scrip when the music stops on 15th July.
I have been in and out of BSO for years riding the divvys and cap redemptions, but certainly hold nothing now. Crazy price of 70cents currently just shows people don't know much about the makeup of this security. It ain't a normal company stock that assumes an ongoing business. The posts over the last 12 months have been quite ignorant.
BSO
bass strait oil trust
