BTR has to either raise capital or give up a percetae the...

BTR has to either raise capital or give up a percetae the project, either way it will be a short term negative.

I think that there is more money in discovering resources and drilling them out to a JORC status and then selling the asset to a major with much less ris todays announcement clearly demonstrates the risks of transioning from explorer to producer let alone any downside with he metal price for a producer

This is why i suggested to just sell the 40% share for a handsome profit and then focus on the world class Kitumba. BTR isnt a major with millions in cash, the company has very limited cash and events like this is obvious the market will punish the share price.

BT has never really had the value of Pekora factored into the share price, the cash for the asset would be realised on the balance sheet