Member Info for BTFATH1

Not Johnny in a ruddy conference call

And a good find Johnny let’s attack 37p tomorrow. 250 million in net profit for 19 and 200 million for 2020, a billion dollars in cash, low debt this mc is bonkers

Would be good for starters at the bell - so so undervalued

Cannot be long until the market wakes up to this one and the herd arrive

With 5.5 million in cash coming 400k in the bank and 4-5 million quid gold mine - go figure what the sp is going to do :-)

Will be sent out early next week and will also be on their website after chasing the company

Not sure many of us will be here over the coming years.
I see a huge upside in a matter of two/three weeks at this level and what other opportunities are there to make 125% plus in that space of time :-)

2.6 million mc now unbelievable upon the circular this will go over 1p imo

Hmmm support at 1.33 was broken at the close :-(

Which looks as though it will be broken tomorrow..
This looks so undervalued now but do they actually want this down to the all time low of 1.02? The market mafia are so ruthless and corrupt I would not rule it out.

Up with another 200,000 and am now holding 600,000. No brainer at 2.7 million mc and soon there will be 6 million in cash 400k of outstanding cash in the bank and a 5 million pound gold mine.

Can see a 1.5p target quick smart. Shhhh keep it quiet :-)

I would not touch this with a barge pole at present to get this rights away they are surely going to have to announce a 5-10p price?

Lonmin springs to mind and we all know what happened there with the 1p massacre.

Horrendous management of a potentially great company they should have derisked some of their portfolio back in the hey days.

Day and the start of the uptrend I reckon. it is 50% down from a number of months ago and absolutely nothing has happened to warrant this fall.

Ha ha dry jan went out the window after 5 days for me :-)
It will come good and it’s now extremely undervalued imo

It tried it numerous times I exited at 1.58 will see if this retests £1.33 which I think it will and I’m back in. Being played like a fiddle they want this at 150 million mc it looks like

And 43-45p pre trading update. This has fallen way too far it’s now barely above the net profit for the year.
Are peeps forgetting about the billion dollars in the bank :-)

Extremely undervalued imo

Agreed 1.4 billion dollars was stumped up by reckitt, I would hope for somewhere in the region of 300-400 million dollars if this is settled out of court.
I definitely do not expect this to go right to the wire nor do I expect that they get off scott free

I honestly think fair value at present is around 70p level i.e. around 500 million quid mc
This has dropped by 50% in the last 4 months and there is absolutely no change.

Hi daveoil, I have sold it was always a quick trade for me as although this could easily go to 5p they now need funding urgently and there is the distinct possibility of a placement.

Net asset to market cap are way out of kilter so this should support the sp in time though as it is still materially very undervalued.

Just did not want newbies reading that they have 10 million in cash behind the sofa and believing it.

Enq I’m luckily 4K up and quite a bit up in Mcls. Will trade indv for the next few weeks when work I can get the chance with work.

Atb

Incredible it is down here but who could have envisaged the relentless downturn of the European high street.

I am looking closely at this but with 4 billion of debt like unmeed says they need to keep shifting those assets.
A rights does look increasingly likely though which is the one aspect seriously putting me off.

Do get this off the ground they would need to be around the 10p level and would need to raise at least 300-500 million to make this worthwhile.

I’m tempted but need to see some kind of stability sp wise

Hmmm nope they have 2.9 million dollars now and they need 38 million dollars if they decide to proceed with the next set of drills and they do not sell their remaining stake.

As at 31 December 2019, the Company had cash at the bank of approximately US$2.7 million, which takes into account the US$600,000 already paid in relation to the Transaction. No

Interesting joe, could this mean that it will be settled out of court.
I am expecting a 500 million hit and we have a billion in cash plus 400 provisions and 450-500 million of net profit for 19 & 20.

Bring on the update which will show another nice tidy quarterly profit.