abn amro moves to buy, page-14

"Um, a 0.11c cap return on your valuation of $1-1.60 yields 11-7%. I'll take that any day o the week."

That's fine if you have brought the stock at around $1.60 to $1.70 but is a complete and utter disaster if you have purchased it around $2.10.

It is my view that BTA will reach the record date for the cap return at the $1.60 mark.