BAS 10.0% 7.2¢ bass oil limited

Yeah its not looking good for the oppies at all.There was a lot...

  1. 441 Posts.
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    Yeah its not looking good for the oppies at all.

    There was a lot of talk about scrip being tightly held, but $143k traded today with the price being flat.

    Good sign the price held up well yesterday, on what was not a great day for the asx.

    You'd have to think they'd release the report Monday to keep the momentum.

    From memory all the oppies are worth 15 million to BAS. Around half the market cap. Raising that on a cr would slaughter the sp. I know some said could cr at 20c, but 99/100 cr's are at 10 percent premium to the last 50+ days trading average. That cr isn't coming for a very long time.

    Still BAS should do well, even if its in the medium term, the heads are still lovely.
 
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