Could there be reasons to not wanting the oppies in the money?
Note the following
1.The Pel182 report was sent back for more work and long internal scrutiny - report presented to ASX had next to zero details. 2. Kiwi well should have results in time to get oppies in the money but the company doesnt have the ability to retrieve the gauges? How long has Kiwi been in planning? 3. The Pel182 report is shared with Santos for exchange for their info. 4. We have heard nothing from Santos regarding them getting this report, renewed interest in Beanbush. 5. Oppies converted would raise market cap, ergo making a takeover more expensive......hmmmmm
all above is speculation, but it all adds up to deal behind close doors in my conspiracy minded opinion.
Next 10 days is going to be interesting. 1 of 2 scenarios plays out for me. 1. Oppies close for trading and the heads explode above the conversion price. 2. Oppies close out of the money and shortly afterwards a flurry of news regarding Kiwi, Pel and Santos come out.
GLTAH DYOR
BAS Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
