wakey wakey mr market, page-65

It's idiotic to think that Glencore would be able to purchase BTR at 50c a share. Approx. 85% of it's current holders are not actively trading and are long termers waiting for the development of Mumbwa. None of the serious long term investors are interested in Perkoa. Perkoa is only ever the de-risking element of the investment, hence why diluting ownership in Perkoa, rather than CR through share issue is the optimal decision.

Institutional investment has been made in the company at over $1.00 and that was seen as exceptional value at the time, so far as I am aware, the company fundamentals haven't changed and we're in a recovering market.

It's worth noting that also, of the circa. 85% long term holders I mentioned above, many of them are in at an average over $1.00, including Norsound who I believe is in at over $2!!

BTR is going nowhere, you won't buy the long term holders shares for $1.00, let alone 50 cents. My own price target on BTR is $2.00, subject the a positive PFS. If the PFS proves an even more profitable Kitumba mine, then a revised price target could be in excess of $5.00. You shouldn't forget that the original resource estimates of contained copper at Kitumba was circa. $16billion (USD).