I think the "something good" is pretty obvious. BHP (bless them) have spent a lot of money exploring the resource in exchange for a 2% royalty. It's not big enough for them to mine, but it's big enough for someone else to mine. BTR is in a much stronger financial position now than when the BHP deal was done. It was a good deal then, but probably not the same deal they would do today given we'll have a significant income source soon.
Last time I did the numbers the proven value of minerals at Kitumba was $20 Billion (or $200 a share). I sort of like the idea of owning 98% of that. Time will tell what deal the board can do. My guess is it's something they've been thinking about.
"your other top 20 mates like northsound and NAB? may be running their direct phone lines hot, to Scott Low Headquarters as we speak, desperate to hear something good...."
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Last
1.8¢ |
Change
0.001(2.94%) |
Mkt cap ! $103.4M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.7¢ | $13.73K | 778.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 16931101 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 3466654 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 16931101 | 0.017 |
39 | 10519949 | 0.016 |
32 | 8943733 | 0.015 |
12 | 5636843 | 0.014 |
10 | 3404308 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 3466654 | 10 |
0.019 | 7002640 | 18 |
0.020 | 12619553 | 22 |
0.021 | 7361392 | 12 |
0.022 | 4859518 | 16 |
Last trade - 14.00pm 18/09/2024 (20 minute delay) ? |
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