Just when you think you have seen it all...BTV trades down to...

Just when you think you have seen it all...

BTV trades down to 8.2 cents today. That is a mcap of less than $11m!

Over $15m cash in the bank, and $10m cash receivables coming over the next 3 years. And $700,000 worth of ATW Venture shares.

So the market values BTV at a little over 40% of its cash and receivables.

And BTV have modest outgoings, (earning far more in interest than their total admin costs.)

And as BTV does its due diligences on a number of resources assets, it is hard to find assets that are valued at a FAIR price in the current market, never alone overpriced...

So when they do announce an acquisition, BTV will be picking up a bargain. And will still have cash to invest in it.


So why the massive discount to cash? The Opes Prime fire sale has been and gone...

How BAD could any management be, to deserve their company to be valued at less than half of fair value, when they are cashed up, and on the acquisition trail in a buyers market?

I REALLY don't get it.

disclosure: 1,300,000 shares. Wish I could buy more (like the whole company!)