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.
- Forums
- ASX - By Stock
- BAS
- take-over approach
take-over approach
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BAS (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.78M |
Open | High | Low | Value | Volume |
7.5¢ | 7.5¢ | 7.5¢ | $571 | 7.617K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 42847 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 9556 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42847 | 0.076 |
2 | 268916 | 0.075 |
2 | 61428 | 0.070 |
1 | 10000 | 0.068 |
1 | 14408 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 9556 | 1 |
0.081 | 42856 | 1 |
0.083 | 70726 | 1 |
0.084 | 160534 | 1 |
0.085 | 19500 | 1 |
Last trade - 10.00am 30/07/2024 (20 minute delay) ? |
Featured News
BAS (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online