IIRC the MC of Kingwest was $15m, and BTR's MC pre-merger was $15M, and that was at a huge discount after the great nickel debacle of 2022. IMHO I think the company could see a natural re-rate to a par value of about $30M. Anything below that could be an arbitrage opportunity. I picked up some more stock at 1.2 cents on this basis. And then factoring in new management, renewed strategy, and cashflow on the horizon for a near-term developer... I hope to see this company at 4 cents within three to six months.
Do your own research and don't invest based on the advice of strangers on the internet.
Ann: Drilling Commenced at the Menzies Gold Project, page-10
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.27M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $85.00K | 5.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 6843360 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 851667 | 4 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| BTR (ASX) Chart |