"....it's trading at a deep discount to its pile of cash"
These sorts of market anomalies don't last forever...
It was only a matter of time before some sharp-eyed journo or stock-tipping newsletter sniffed BTV out.
BTV ticks all the boxes -
- valued by the market at 50% of its cash, - huge director purchases at current prices - a reason why it has been oversold (ANZ/Opes Prime) - a good time to be cashed up to make a purchase with part of its cash in the resource sector.
DYOR (last traded at 10 cents. Net cash 19.2 cents (includes NPV of Gullewa cash)
disclosure: 1,000,000. Last purchase yesterday at 10 cents.
BTV Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
