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BTU Metals Corp V.BTU

Alternate Symbol(s):  BTUMF

BTU Metals Corp. is a Canada-based junior mining exploration company. The principal business of the Company is the exploration of mineral properties. The Company's main assets are the Dixie Halo Project located in Red Lake, Ontario immediately adjacent to the Great Bear Project and the Echum and Hubcap properties in the active Wawa gold district. The Echum and Hubcap properties cover more than 750 mining claims over a total of 16,048 hectares. The Company also has an option agreement to acquire 70% interest in and to over 757 mining claims (12 boundary cell mining claims, three multi-cell mining claims, and 742 single cell mining claims) in the Kenora District of Ontario.


TSXV:BTU - Post by User

Bullboard Posts
Post by SuneeDazeon Aug 09, 2019 5:56pm
59 Views
Post# 30013177

SP Activity

SP ActivityI have mixed emotions about all this because I hold both BTU and RGLD, but for all it's worth I'm down about 25% on BTU.

First off, I have no problem with Ryan selling.  It's his prerogative.  We all trumpet insiders' holdings.  The more, the better.  But they have every right to sell when they want for whatever reasons.  I mean, do shareholders just expect them to hold and keep buying indefinitely?

I'd really like to know what BTU management has done or attempted to do regarding Ryan's selling. Have they offered to do a private transaction to buy the shares?  They're not showing up on any insider transactions, so I guess not.  If they believe in their company and it's projects and the prospects of those projects, then why not buy more themselves?  Allowing the selling is essentially wiping millions off the market cap.  It sure doesn't look good during a drill program, as we all know.

On the other hand, as a RGLD investor, I couldn't be more impressed. To have a CEO buying almost daily sure instills confidence.  There's no doubt he's helped the sp appreciation, but he's not solely responsible.  Yesterday, I believe over 500k shares traded and Ryan was responsible for 50k.  

I've exchanged emails with him and there's no doubt that he sympathizes with shareholders.  He realizes the effect of financings...dilution, and diminished share value.  He won't finance  until conditions are favourable and dilution lessened.  I'm sure Mike England appreciates it too as he still holds 2.75 million shares of RGLD.

 And...it's working!  He's held off and the investment community has become more aware of Red Lake (mentioned in blogs and podcasts), and as a result the sp has doubled over the last couple of months.

It's tough being on both sides, but I'm sure glad that I diversified those risks.

Anyway, have a great weekend!
Bullboard Posts