Past year: ▲ 82%(3.30c – 6.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Sept 2009capital raising announcement● Neutral
Q&A on trading rights, which began trading on ASX on 25 September under code BASR until 13 October. Entitlements not taken up or sold lapse with no payment. Repeats the rights issue notice; no new terms.
22 Sept 2009capital raising announcement● NeutralMajor
BAS announces a fully underwritten 2-for-3 renounceable rights issue at 3.0 cents, a 40% discount to the 5.0 cent close, raising up to about $3.11m. Proceeds are for exploration ($2.0m) and working capital. This follows the earlier funding-need comments; first raising since March 2008.
13 Mar 2008capital raising announcement● NeutralMajor
Rights issue result: only 60% was taken up, with 723 of 2,235 shareholders subscribing for $1.95m. The remaining $1.29m (10.3m shares) falls to the underwriter, Albers' company, so Albers' holding rises. The full $3.24m is covered.
19 Feb 2008capital raising announcement● Neutral
Formal letter of offer for the 1-for-5 rights issue at 12.5 cents, up to about $3.24m, closing 7 March with allotment 17 March. Repeats the 8 February terms and use of funds; no new terms.
19 Feb 2008capital raising announcement● Neutral
Required notice for the rights issue, which is made without a prospectus. It warns that if shareholders don't take up their shares, underwriter Albers' stake could rise from 22.84% to as much as 35.70%.
8 Feb 2008capital raising announcement● NeutralMajor
BAS announces a 1-for-5 non-renounceable rights issue at 12.5 cents (share price 16.5c), raising up to about $3.24m. Underwritten by a company controlled by director Albers. Funds mainly go to 2D seismic ($1.5m Bass Basin, $250k Gippsland); Speke South-1 is not funded from it.
