BTV batavia mining limited
Add to My Watchlist 2.33% ! 21.0¢

net tangible asset backing, page-9

  1. Marc111
    2,670 Posts.
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    02/06/09
    19:10
    Post #: 5234148
    It might be hard to sell 30million WME shares on the market. By giving the 30million to BTV shareholders it gives them a share in WME with a value of around 5cents per BTV share. The value in WME would be full value and not valued at nothing (Like Now).
    Then BTV can concentrate on investing the $23million on a suitable upcoming project which will re-rate BTV.

    Batavia needs to sell itself. Maybe a name change
    BTV Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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