As an old KWR guy - the options granted on merger with BTR...

First 15 Last

Share
Profile

Follow
Elixirist

216 Posts.

35

22/02/24

20:14

Post #: 72545870
Share

Originally posted by OldCar: ↑

I see HC has picked up the merged entity now. so welcome any KWR .. hopefully the promise behind the merger comes good and we get a kick along.

some Sunday night HC musings..

I own mostly boring stocks and a few outliers more fun which keeps me entertained. BTR is one of those but like all my interesting ones they either crash and burn spectacularly or turn into 10 baggers..

I've been here a little while. from BTR holder perspective the new md (whilst still to get the runs on board ) is breath of fresh air. last md ... well we will just leave it at that! .. the new guy least has the passion for the company it seems and is getting out and about. personally worry about the lack of management depth but if he can surround with quality people might solve.

my thesis with this stock, is if only we can get this plant producing profitably then we should have a market cap in the hundreds of millions like few others in the space atm. it's as simple as that.
other similar stocks I'm in (alto , zenith, mat as example) need a processing plant. they are good at burning money, few get a few results but basically zombie explorers.. but a plant these days costs $80m plus or even $150 if getting up in size.
so the big opportunity is if BTR can get enough resources, carve out a reserve that feeds the plant for next few years, (and doesn't F it up along the way) this could turn from $20m to $200m company. and beauty is , it won't cost $80m to build a new plant. even if was double what Como said would be , who cares. way less then $80m.

so things Im looking out for:
- the plan for how KWR reaources can be utilised, toll treat or come around to plant ? mind still is questioning that jv (?) also how we can grow alpha or cork tree. atm they aren't advanced enough it appears to mine (?)
- more resources. either bolt on (the area is starting to get a lot of consolidation interest, see sbm, DCN, so move first I'm thinking) or drill ours out on our combined leases. aim is so we have enough to justify starting the plant.
- plant refurb cost ? and how to fund it and when we can start mining and producing. what's the time line? I assume we can't just start tomorrow.

so a fair bit of work to be done. going to be interesting some see how they get into it.

oh and btw , please don't F it up. i already have enough tax losses...

Expand

As an old KWR guy - the options granted on merger with BTR expired 29th Feb. - exercise price of 3.8c so I guess no old KWR SH's gained anything from that freebie. Ah well. Looks like BTR has some potential for SP+ this year if resource estimate grows. I have a buy sentiment based on anticipated PFS and the processing this QTR of Selkirk JV ore. Will generate some revenue to keep exploration going for potential JROC growth and hopefully no CRs.

GLTAH

BTR Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

1 Great analysis

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 15 Last

Add BTR (ASX) to my watchlist

(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $48.41M

Open	High	Low	Value	Volume
1.5¢	1.6¢	1.5¢	$71.51K	4.762M

Buyers (Bids)

No.	Vol.	Price($)
5	1478918	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	2539411	8

View Market Depth

No.	Vol.	Price($)
5	1478918	0.015
13	8543125	0.014
10	9598600	0.013
13	6359583	0.012
6	3052374	0.011

Price($)	Vol.	No.
0.016	2539411	8
0.017	2731222	9
0.018	4041896	15
0.019	6464162	10
0.020	8704226	13

Last trade - 12.33pm 31/05/2024 (20 minute delay)


Last 1.5¢		Change 0.000 ( 3.23 %)
Open	High	Low	Volume
1.5¢	1.6¢	1.5¢	766765
Last updated 13.02pm 31/05/2024 ?

BTR (ASX) Chart

As an old KWR guy - the options granted on merger with BTR...

Featured News

Talga shows expansion options for Sweden's Vittangi graphite project

Daily ASX Market Update: Health pushes shares into gain terrain - May 31, 2024

Peak shale oil and fracking activity drives demand for Eden's Optiblend in the USA

Telix testing shows efficacy of anti-prostate cancer therapy

Thor reports 200% increase in tungsten at NT's Molyhil

Buyers (Bids)

Sellers (Offers)

Featured News

As an old KWR guy - the options granted on merger with BTR...

Featured News

Top Stories

Talga shows expansion options for Sweden's Vittangi graphite project

Daily ASX Market Update: Health pushes shares into gain terrain - May 31, 2024

Peak shale oil and fracking activity drives demand for Eden's Optiblend in the USA

Telix testing shows efficacy of anti-prostate cancer therapy

Thor reports 200% increase in tungsten at NT's Molyhil

Buyers (Bids)

Sellers (Offers)

Featured News