yeah, i dont really understand the whole mark florey...

yeah, i dont really understand the whole mark florey situation...

i know his name is mud and there is legal action occurring etc, but wasnt his downfall mostly related to the GFC and the crash in commodity prices?

the current MD is very professional, no doubt about that. 100% squeaky clean but maybe too clean?? geez, the company could do with a bit of a jolt - its very frustrating to see the sp struggle week after week, month after month when they actually do have some very good assets.

im not at all happy about perkoa. look at it this way, 2200 per tonne zinc, 1500 cost = 700 pt profit. 70k tonnes per year x 700 =$49mill profit per year...

why sign over half of such an asset when 18 months solid production would almost see development costs knocked on the head?? and for btr to pay the further 72 mill, they will keep most of the $49 mill profit, less 10% to the govt, but a j/v partner will have to pay 72 mill for presumably half the $49mill = $24 mill or so...

so btr expect a j/v ptr to pay $72 mill for $24mill pa return but they wont fund it themselves for a $49 mill return???? doesnt seem right to me...

sometimes you have to take risks in business, i think the time has come for btr do do something....has been spinning its wheels in the mud for too long already.