btvoa going off, page-9

re: re:wrxsti / frankm Hey Frankm,
I hope life is all good over there in Honka's, I think your coffee operation is, isn't it?
Been there once about 5 or 6 years back, stayed at The
Peninsular, great place and humming non-stop!
Might I say, for someone relatively new to the stock market, your choices of stocks to be in on thus far have been outstanding.
Nido is outstanding, and will make you very rich over time.
BTV is also an outstanding prospect, and appears destined for the stars, and much bigger progress to be had over the next 12 months!

With regard to the BTV options, the following info will put you in the picture:

1) BTVOA:- 90,376,692 in the market currently.
Conversion date - 15th June, 2006 @.05c per BTVOA option to fully paid ordinary share.

2) BTVO:- 37,273,010 in the market currently.
Conversion date - 30th September, 2006 @ .20c per
BTVO option to fully paid ordinary share.

* Total BTV fully paid ordinary shares on market currently is 271,252,029.

Now Frankm, let's look into the future for BTV, and here is the 'no brainer' for any investor, experienced or not!

With all the potentially explosive news coming, and the red-hot projects ahead for Batavia, particularly with the Uranium tenements in the Eastern Arunta Province, Northern Territory, the share price for Batavia Mining could be anything from .20c to $1 (plus) in the next 3 months (market sentiment dependent).
If you are holding BTVOA's (bought for a mere pittance at current prices), you can convert them into fully paid shares for a mere .05c per BTVOA held,
at any time up until 15th June, 2006.
If on the other hand, you hold BTVO's (yes, still bought for a mere pittance at current prices, but only marginally below the current cost of BTVOA's), you can convert them into fully paid ordinary shares also, but it will cost you .20c per BTVO held, at any time up until 30th September, 2006.
#And that's a very big financial difference, especially if your sitting on 1 Million Options and it's your intention to convert them at some stage when the SP is so stunningly attractive, that you simply can't resist. Then you can sell them, as you would any normal share, cash in and retire, or what ever else you want to do.

You can of course also trade BTVO and BTVOA on the ASX as you would a normal share, because as the SP will invariably go up, so will the value of the options on the market, but to give you a hypothetical view as to what the comparitive value of all three would be if say the (BTV) SP was at .50c sometime in the future as follows:

1) BTV ............SP .50c
2) BTVOA.........SP .45c
3) BTVO...........SP .30c

This is because the conversion cost price is factored into the value of the option,and deducted accordingly from the face value of the fully paid share, and usually trades around that margin under the SP.

I particularly like the idea that it would only take 90 people (investors) to have a million BTVOA's each, and in a scenario like that, they would indeed be even hotter property, as depending on the hit's and progress by BTV, it's unlikely any one would be selling the BTVOA's.
The directors are also loaded with a fair few BTVOA's,
and highly likely they will all be converted prior to June 15th, 2006, which is obviously good for the company as well by way of the incoming conversion funds prior to the due date, and hence eliminating the immediate need for further cap raisings, all the while maintaining the SP value component.

Trust this all helps, Frankm.
Be good and enjoy!
wrxsti