re: Ann: Excellent Results From Preliminary D... What a shocker of an announcement.
As you will see, I was very upbeat about the prospects of BTN and still am, however this wasnt needed.
A simple capital raising at 19-20c every 12-24 months would have done much better. Yes they get more money under this Agreement, but gees, the uncertainty it provides.
The results were quite good, probably better than what the market thought. However, it looks like this was a sucker punch to the actual bigger announcement.
Ann: Excellent Results From Preliminary Drilling , page-9
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