It is ironic that BTV gets sold down with other juniors in the sector, when really, given they are a cash cow, they should be trading at a small premium to their cash. 19.3 cps +...
And the worse the small resource sector gets, the better it is for BTV. More desperate cash-poor companies with assets to buy, or to take over, for a song.
It really is beyond me why anyone would sell under 20 cents.
BTV's share price can tank all it likes...but BTV's pile of cash is looking more and more valuable. And keeps earning good interest while options are investigated.
And the timing of the Gullewa disposal couldn't have been better. Lots of criticism when it happened, but now management are looking more astute than many on here would give them credit for.
This is a stock to sleep well at night on. IMO, almost no downside, and 100% gain just to get back to its cash/proceeds backing. Do the probabilities, downside risk vs upside gain...
disclosure: 1,300,000 shares. Looking under the bed for more money : )
BTV Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
