Leverage. If BSA hits price target of $1.20 then heads are up 65%, BSAO would be up 875%. (Just under 12 month expiry, I think it could realistically happen). One of the best options leverage plays on the ASX at the current point of time.
Just off 12-month high at the moment, and seems like there is a bit more liquidity on the buy/sell than usual at the moment. Lots of sell orders up in the high 70's though. Resolution on financing flow and closing out all the outstanding obligations and I think we might look at a re-rate here. Significantly undervalued on a multiple of EBITDA at the moment.
BSA Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
