corporal - with the BFS due around end of November, BTV will either be substantially re-rated around then or will sink like a stone to the bottom and remain there.
So, BTVOCs will either be well in the money or worthless long before June 07. There is no 'inbetween' for BTV, so I'm hoping that the BFS will be overwhelmingly positive and wonderful. As I've posted before though, I have a sneaky feeling that Deflector may never go ahead, and that management are just looking for a way to let us down gently. New offices, nice salary rises, increases in running costs, nice expense accounts, then suddenly - oops, where did all that cash go???
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