Since the announcement of the capital raising, options...

Since the announcement of the capital raising, options underwriting agreement and associated bonus options issue, we have seen some 129m shares hit the markets at an average price of about 6.4c...

Now...assuming people have been selling (including Pattersons) to fund the options conversion, we may well have reached a point where most of the selling is now over?

At 6.4c, you need to sell just 122m shares to meet the costs of the conversion of 157m options at 5c...given we have now seen some 129m shares hit the market since the announcement, it might be fair to assume the selling is nearing an end?

Also...as the price rises further, of those remaining to be sold, less are needed to meet the short-term cash objectives.

If this assumption is correct, we could see BTV finally join the re-rating club, along with the likes of just about every other uranium stock of late.

At current prices, one might argue only their gold assets are being represented...if so, the "uranium" premium has yet to fully eventuate.

Hold on people, it could get very very interesting over coming days.

Cheers!