BAS 0.00% 7.5¢ bass oil limited

take-over approach

  1. 776 Posts.
    It is unbelievable how this has flown under the radar...or has it?

    BAS has basically received a takeover approach albeit in the format of a friendly offer.

    Getting an experts report done is a requirement when involved in a takeover so although no formal offer has been received yet, the company obviously took it seriously enough to seek and obtain an experts report in advance.

    The experts report gives a low value of $14m to a high value of $32m...
    add in the $2m cash and this leaves a 4c to 9c value per share

    For an offer to be considered "fair and reasonable" it would no doubt have to be at least 5c-6c

    That's a 250%-300% upside from these levels

    This is obviously worth a punt...and the sudden buying which occurred suddenly a few days ago indicates that the savvy are watching.
 
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Mkt cap ! $21.78M
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7.5¢ 7.5¢ 7.5¢ $571 7.617K

Buyers (Bids)

No. Vol. Price($)
1 42847 7.6¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 9556 1
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Last trade - 10.00am 30/07/2024 (20 minute delay) ?
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