RE:RE:RE:RE:RE:But let's talk about BTR....$1.56 /share is outstanding.
Shut down Mining.
Covid Hits.
Ceo leaves.
Financial reports behind.
Drilling suspended.
No mill upgrade.
Absolutely, there is a lot outstanding.
RE:RE:RE:RE:But let's talk about BTR.... Remember, when the deal was signed in July 2018 and BTR/MTO merged, MTO had a different Management team then. The CEO and head geologist were both run out and replaced with Gibson. Remember they sued the company. Then right when the POG began to start moving they shut down mining operations in favor of exploration. Now the POG is at $1700+ US and a major shareholder gets fed up with dilution and exploration and sends a message to management to get of their butts and start mining with no more dilution or they are gone..Covid hits, and everything gets shut down, Gibson quits and takes his big severance package and leaves the shareholder holding the bag. Just think he's two financial reports behind, drilling activities suspended while other exploration companies in the area are opening, and still no mill upgrade. I've said it in the MTO days and I'll say it again. It's one of the worst run mining/exploration companies in Canada. Imagine 7-9 g/ton and they can't get their act together. This is actually worse than MTO.
It's either going to be a new management team and more dilution or a very cheap sale of the company. A 30% premium over todays price is .36 cents or a sale price of $1.56/share ca. Considerably less then the $3.50/share when MTO/BTR merged. Not to mention the 100% dilution in shares since the merger. But hey as Stupid would say the shareholders are providing the debt. Which is why I'm not a shareholder. My biggest beef with the Ultrabulls is they gave mananement a pass on everything and didn't hold them accountable. It took a major shareholder to finally do it.
Now Stupid comes clean and says it's an all or nothing play after 4 years of telling everyone to buy shares. Well right now it's looking more like a nothing play as opposed to an "all in" play.