so I had high hopes for BAS. no debt, producing and with and good prospects to uncover
but as i spent more time invested in BAS I came realise that the management is not up to the job of delivering, one delivering excitement and interest to the market and two actually delivering results in the real world
first of all the time taken to flow test a well that was already drilled by another company was ridiculous. then the time to make a deal to put the well into production is what gave me cold feet and the need to sell
its been sooo long that I have the feeling they are not capable of making a deal to put the well into production, hence if not they will have to do a cap raise to fund it themselves, with a tanking stock price the dilution is going to be really bad, so I had to sell
and I sold and put into one of my other stocks that is actually doing well, made up the loss of sale just on price movement today, so if you are in the hole on BAS from personal experience I can say its better to just sell, leave this dog and put into a better opportunity and start actually making money and progress
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