BTN 1.52% 6.7¢ butn limited

Ann: March 2011 Quarterly Activities Report and A, page-2

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  1. 601 Posts.
    re: Ann: March 2011 Quarterly Activities Repo... i have to say things doesn't look good at the moment. with only 450K cash in the bank account, you would except a big capital raising very soon.

    BTN needs money and it needs it very fast to do more exploration. My guess would be a minimum of $2 million@ $0.20 works out to be 10 million shares and it will give the company a market cap of $4.3 million.

    (0.20 cents is if we get lucky enough to attract investors. Other wise it be issued less than than 0.20 cents)

    I would wait for now!
 
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