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8.45%

6.5¢ bass oil limited

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betheball

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23/05/18

10:24

Post #: 33265585
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Originally posted by mandp ↑

I'm just throwing this out there, as first time I've attempted to figure this out...
From the April update...
Bass sold 9347 barrels (net to us),
Average price $65.57 (US) per barrel.
That's $612,822 (US) for the quarter.

Now using a cost of around $35 (US) per barrel leaves a Profit of around $285,737 (US) for the quarter.

In yearly terms, equates to around $3,428,000 (US).... $4,500,000 (AUD).

Now even at just 10×pe ratio that's a MC of around 45mil in my mind.

Ok, so what am I missing????, any gurus please correct my math.
As I said, first time attempting to figure this, so any imput welcome.
Cheers,
Mick.

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Thanks mandp Off the top of my head, they have to pay back debt to Cooper and also, they are spending on current asset optimisation and perhaps future strategic acquisitions.

BAS Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Last 6.5¢		Change -0.006(8.45%)		Mkt cap ! $26.13M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.5¢	$18.97K	286.9K

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No.	Vol.	Price($)
2	31250	6.4¢

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Price($)	Vol.	No.
6.9¢	1047	1

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No.	Vol.	Price($)
29	40409156	0.002
15	11398553	0.001
0	0	0.000
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0	0	0.000

Price($)	Vol.	No.
0.003	2915000	2
0.004	34531772	28
0.005	6804239	9
0.006	6490111	9
0.007	5650225	6

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