In all fairness Yaqona - the interest income alone is accounting for a good chunk of that $1.2million in management costs.
Apart from the interest irregularity (imo) of that given in the cash flow statement as opposed to that stated in the income statement - BTV's in a pretty healthy possie imo.
Going off their income statement - interest income of $1.1million for the year ending 31 dec was recieved.
That extra 700K 'thankyou'(imo) convertible note to WME should be the last imo. And the term deposit would want to pretty secure/liquid too imo. Shell structure is in good shape imo. Would halt the buyback for the time being imo (seems to be enough support around these levels).
Was stunned by the posting actions of one here on HC but BTV is in a strong financial position and well poised to ride this s..t-storm (word of the month) out.
Personally I share the same sentiment (and position) about investment/projects as BTV does. There is just nothing out there atm.
Won't give my reasons, but im beginning (ie beginning) to like ni/cu plays at these levels - no position taking though.
Disclaimer: don't hold because (like BTV) cash is king atm imo - but its on the list (ie watchlist)
Cheers, The Sparkler
BTV Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
