RE:listening to Nav DhaliwalIdlefreebird
I think you are GROSSLY confused !!!
1. The MTO mill is not new !
2. For a stock whose shares are in friendly hands, it sure trades a lot !
3. If MTO had no money, just assets e.g. the mill and near by land holding, how much do you really think MTO shares are worth ?
4. This deal was done to save MTO for ES and KL and not for 'old ' BTR shareholders !
5. Nav, is obliged by the way, to do what is good for BTR shareholders not ES and KL...
6. With MTO not having any money and the mill not producing to its original design it's not worth that much, because we don't how much it is going to take to have it running properly !
7. I mention just one instance PASCA LAMA !
8. As for BTR being taken out by KL, not so fast...If the orebody is as big as we hope it would be, a major would buy us out and run the mill as a j/v with KL / OSK. Should these guys refuse to tender their share to the bid. This could be because KL / OSK not wanting to match the bid or come with a better bid. Or it could just be as simple as risk reduction...Sometime sharing profits also means sharing losses !
And this is not 'just math', it's another point of view.
The original BTR bag holders, of which I am one are the real loosers in this nightmare...
As long as the pog bottoms soon we may salvage something from all this bs...
Nobody mentioned it yet but I thought I heard Nav say that the new update is coming out in October...Of course that still could be 4 weeks away.