no, I am still here. And yes, I have noticed some big sell orders popping in and out. The buyback has also restarted. Busy, busy, busy over at BTV! lol
Nothing has changed. BTV is still a store of unrealised value. Unfortunately that value is under lock and key.
Here are some facts you may find interesting - the amount the Directors received in the last FY. It gives you a good idea why the idea of a capital return is so resisted by the directors.... and why they have resorted to such desperate measures to suppress any suggestions to that effect...
Benchmark these various benefits against other juniors of similar sizes, who are actually doing something....
Gregory Durack (Managing Director):
Salary and Fees: $281,077 Other : $34,364 Super : $23,714 Options : $263,280
TOTAL : $602,435
Neil Biddle: (non-executive Director):
Salary and Fees: $116,800 Other : $34,364 Super : $3,600 Options : $87,760
TOTAL : $242,424
John W Barr: (non-executive Director):
Salary and Fees: $27,500 Other : 0 Super : 0 Options : 0
TOTAL : $27,500
Terence Smith (Chairman):
Salary and Fees: $40,000 Other : 0 Super : $3,600 Options : $87,760 TOTAL : $131,360
Damien P Delaney (now ex-Finance Director and ex-Company Secretary):
Salary and Fees: $96,777 Other : 0 Super : $16,514 Options : $87,760
TOTAL : $201,051
GRAND TOTAL :$1,204,870
Over $1,200,000, or over 11% of the current mcap, with no projects found, but plenty of company-funded fact finding missions.
2 YEARS, $2m, NO PROJECT.
They were correct. I am an amateur. And these guys are the REAL pros.
Also remember, there will be no purchases happening in the near term, because "IT IS TOO EARLY IN THE CYCLE" (Neil Biddle).
One other interesting observation - Another mate has popped up, Excelsior, and has suggested: "perhaps the posters here can find a project or two to run past management".
Out of that $1.2m, I think the team at BTV are getting paid well enough to do that themselves, don't you?
Besides, they are too busy down at the internet cafe...
BTV Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
