It's not just BTR.....it's Africa. It's a continent spiralling into doom and companies trying to do business there are finding the red tape almost choking, and costs rocketing and any miner trying to expand can't borrow money so these special little stocks are just going to be trodden on.
I once traded mining stocks and I can safely say that any company trying to do any business in Africa is an unmitigated disaster! Look at the charts of RRS (in Somalia), tried a consolidation mid last year and it's made a mockery of the term 'pear shaped'. Has trickled post consolidation from 60's range to above $1 and now sits at a whopping 3c and change. Hold your horses because CVI (in Angola) is equally pathetic running to the mid to high 30s, now 1c. They may as well consolidate then watch the market attach a lead weight to the balloon.
BTR or AIM or whatever they're called now can pay their board what they want but the word 'resources' spoken today like 'financials' is rendering many a broker to the local cardiac ward. Throw in Africa and you'd better have a defibrillator on hand.
Just go there to take photos of wildlife.....leave the pick axe and shovel at home!
AIM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
