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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Last
7.0¢ |
Change
-0.007(9.09%) |
Mkt cap ! $20.33M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 7.0¢ | $3.5K | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 58600 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.3¢ | 23342 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 58600 | 0.070 |
1 | 10000 | 0.068 |
1 | 10000 | 0.064 |
1 | 5500 | 0.063 |
1 | 78000 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 74999 | 1 |
0.075 | 6933 | 1 |
0.077 | 14925 | 1 |
0.078 | 34568 | 3 |
0.079 | 72000 | 1 |
Last trade - 10.21am 09/08/2024 (20 minute delay) ? |
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BAS (ASX) Chart |