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northernprophet
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What happened? Why did BTP get removed.

The weakness is not unusual before a financing, today only two houses did any major selling, Canaccord and First Associates.
The financing will probably be done with Pacific International/National Bank, Canaccord, and one or two others.


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GREGDOGG
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Hey NP, I've been deleted also.

[This message has been edited by GREGDOGG (edited April 20, 2004).]


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blue_in_MI
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Why was the whole big BTP thread removed?

Hasn't been pretty lately for BTP, but - I'm still holding until late summer, we'll see what happens.


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Bob Frey
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No idea we didn't remove it...
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northernprophet
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"Preliminary investigation of the mineralized zones indicates that the zones are near vertical and may not be well defined by the previous vertical reverse circulation drill holes."

This the most important sentence in the Mar.25 news release.
One of the last GREAT mineral discoveries in
British Columbia was Eskay Creek in the late 80s. A company called Consolidated Stikine Silver drilled for over a year before they came up with the now famous "hole 109".

Think of a big pail of butterscotch swirl ice cream. You know there are rich pockets of butterscotch in it, but if you put a hollow metal straw in it and pulled it up, you would have to do it many times before you hit lots of butterscotch.

Consolidated Stikine Silver went from 35 cents to the equivalent of over $70 when Placer Dome and Int'l Corona battled for it in 1990.
I believe Corona got taken out by Homestake, then Homestake got taken over by Barrick. Eskay Creek is still being mined today.
Ron Netolitzky, one of the players in Cons. Stikine became a multimillionaire and had a horse in the Kentucky Derby last year.


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northernprophet
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For the first time in a few weeks, some nice blocks are changing hands. They are getting ready.
Volume Buyer Seller
50000 Canaccord/BMO Nesbitt
30000 Canaccord/BMO Nesbitt
30000 First/Canaccord
25000 First/Canaccord

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northernprophet
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Beartooth to issue 283,723 shares to G.F. Galaxy

2004-04-20 16:32 ET - Miscellaneous

The TSX Venture Exchange has accepted for filing the issuance of 283,723 common shares at a deemed price of 32.9 cents per share to G.F. Galaxy Corp. (the landlord). The share issuance is pursuant to a previously issued bulletin dated Nov. 17, 2003, whereby the landlord had the right to terminate a lease and convey the property back to the company in exchange for common shares equal to $70,000 (U.S.).


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northernprophet
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Beartooth Platinum to settle $134,400 debt with shares

2004-04-20 16:29 ET - Shares for Debt

The TSX Venture Exchange has accepted for filing the company's proposal to issue 336,000 shares to settle outstanding debt for $134,400.

Creditors:
one


The company shall issue a news release when the shares are issued and the debt extinguished


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blue_in_MI
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interesting. what's your take on this news, NP? good, bad, neutral? i'm not sure how to take the larger volumes as of late either - would of course be nicer if they were on the way up rather than the way down. so i take you are guessing the next financing will begin shortly, then? i wish they'd start digging, isn't it time to get moving?
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northernprophet
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The larger volumes are a good sign at this stage. Like I said, there are 30000-50000 blocks getting passed around. People are positioning themselves. The trading of the last few days is mostly professional, not retail.
The last move from the early 30s to 45 cents was on unconvincing volume.
Some of the people who will be participating in the financing may be unloading shares to those who are not.
Generally, paying shares for debt is usually a good sign; they are probably helping some "friends" get on board.
Finally, it is interesting to note that BTPUF is still trading on the pinks, it traded 10000 shares at .24 on April 20. It was supposed to be deregistered in the USA by late March. I find it very strange that they would de-list from the US in the first place.

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blue_in_MI
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well, looks like will be back to the .20's for BTP today, *sigh*. already a 30+% correction from recent highs, hopefully the metals market will find some solid footing soon. the correction in SWC, PAL has been quite hefty already lately.
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northernprophet
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I know this really sucks, but I have been here before. If management were promoting BTP and they were putting out BS news releases, I would sell. Hang in there!!!!
Two weeks from now will be a different story.
Remember, the 200 day MA for BTP is still under 20 cents.

With regard to the metals bull market, we really have not been in one yet.
Ask a European about the gold and metals bull market and he will think you are crazy.
Oil is relatively cheap in Euros.
The whole commodities story has been a US dollar weakness phenomenon. In the past year, when the US released bad economic numbers, gold went up; when the U.S. released strong economic numbers, gold fell.
This metals/gold bull market has had 3-4 major setbacks in the past 3 years, and I think gold will continue its bull market.
Now that interest rates are probably headed up, everyone thinks the gold bull is over.


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northernprophet
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Like a long term BTP shareholder said on another forum, there must be another "insider" financing coming.
Market makers are purposely pounding BTP down.

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blue_in_MI
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well, i certainly hope you're right. there's at least one major factor driving BTP down, and that's the metal selloff lately (PAL, SWC, etc also getting hammered lately, along with the price of platinum etc). the question is whether an upcoming financing is the other factor driving this down. i think long-terms for both BTP and platinum look good, so i'm breaking my stop-loss rule on BTP in this special case, normally I would have sold at .35 for a fairly modest loss. it's definitely painful watching it drop though, it's wiped out all my other recent gains lately and a bit more on top of that. ouch!
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blue_in_MI
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rocketed past 50 and even 100 day EMA's this week:
http://finance.yahoo.com/q/ta?s=BTP.V&t=1y&l=on&z=l&q=l&p=e100,e50&a=&c=

let's home that means it's gone from overbought to oversold, and soon the bleeding will stop as it corrects the other way. RSI down from 65 to about 40 in the last week.


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blue_in_MI
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and one more thing: closing in on May here, weather pretty good even in BTP-land. great about the management team in place, VEZ zones, debt settlement, yada yada yada. but - TIME TO GET OFF YOUR DUFFS AND GO OUT DRILLING, BOYS! ahem. sorry, this stock is trying my patience lately.
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northernprophet
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Hey blue, about 4 years ago a company I had put out a terrible news release about a dilutionary financing two weeks before a $300M buyout offer by De Beers. Lots of my friends got scared and sold out.
I am not suggesting BTP will get bought out, but this is normal action in the Cdn junior mining game. The TOTAL lack of stock support REINFORCES my belief in this company.
I know an acquaintance who is a former Vancouver promoter and he told me with a mailout campaign and an a few ads in the Northern Miner he could easily have this stock at $1.
How do you think I felt last year when the stock was at 7 cents? But I always believed it would come back.
They may take it down to 20 cents, who knows, but do not sell out now.

Also, the down moves in Pt and Pd does worry me, but BTP is also a gold company.
Greenspan implies he MIGHT raise rates later this year, and the metals sector collapses like a $10 tent.


[This message has been edited by northernprophet (edited April 22, 2004).]


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rich555
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NP very interesting

watching this one


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northernprophet
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Today, it is BMO Nesbitt doing all the selling, nice even blocks of 15000, 20000, 30000. They keep offering 50000 shares at 24, and it keeps getting bought out. Yesterday, Jennings capital was the seller, before that Canaccord. Excluding the games at .24, there is maybe 120,000 up for sale all the way to 40 cents.

I am not worried, but I am have friends who I am begging not to sell, they are getting nervous.

Two years ago, John Andrews and a relatively well known Vancouver financier with ties to BTP(Arthur Fisher)set up a company called Canden Capital. (Cad.p)
They made a deal with BTP to buy all of BTPs Idaho gold assets. They were going to give BTP a few million shares. Canden was a 20 cent stock.
All Canden had to do was raise something like $600,000 to complete the deal.
Guess what, they couldn't do it???
The the guys at Canden could have raised $600,000 in their sleep, no problems.
Last year, May 1, I believe, BTP and Canden issued a NR saying that Canden was unable to do the financing so the deal was off.
This was just a tool to drive more people from the stock, lots of investors were in BTP because of Idaho, not Montana.
Please, hang on.

I am still sitting here, watching 50,000 get offered at 24 cents by BMO Nesbitt, and 5 minutes later it gets bought out.

Again, this move down is a rig job, do not sell now. BMO Nesbitt is doing all the selling. Totally "managed" trading, 50,000 gets offered, it gets bought out minutes/seconds later.

[This message has been edited by northernprophet (edited April 22, 2004).]

[This message has been edited by northernprophet (edited April 22, 2004).]


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blue_in_MI
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well, yet another dismal day for BTP. WHT, SWC, PAL all green today, yet BTP down 15% on top of yesterday's 12% dump. how many days of back-to-back double-digit % losses has this baby had? probably only 3-4, but sure seems like 50. slashed down to half of it's recent peak. good thing my other main holding in this account i hold for my daughter is ebay, yet even ebay's unbeleivable day couldn't cover the continuing saga of BTP's selloff. guess the only remaining drama for the week is whether it can hold .20 tomorrow or whether it breaks into the teens. my guess is a .195 sneaks in at the close.

well, at least i've certainly learned a lot of valuable lessons from this one, at a relatively cheap price (luckily i only own 5k shares).


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rich555
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NP, I am thinking of buying at these low prices. how far down will they take it and what happens after?


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northernprophet
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Look, everyone, this thing will hit bottom tomorrow or Monday.
I am only frazzled because I am getting phonecalls from a couple of anxious friends.
I bought a few thousand more at 35 last week and have no regrets. THIS IS REAL, I GUARANTEE IT. I said $2 and I am not backing down on that prediction one bit!!!!! This action makes me think it will go higher than that.
All the people I have talked to on the bullboards who own this stock are long term investors who know their stuff.
Go to stockhouse, there are some good posts today.
Like someone said, they are shaking the tree.
Talk to you guys tomorrow.
I will have more to say.


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northernprophet
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Let's see what house sells today????.
Look blue, there is nothing wrong here, and for those of you who bought and are scared, I am sorry, but hang on and you will make money.
And rich555, you make money buy buying when fear is rampant. The last 4-5 months have not been pretty in the resource sector, and the final washout is happening.
BTP is as low as its going to get. They are going to drill 2 great projects soon, and they will get the word out. BTP has not been promoted in 3 years, it has been accumulated.
The trading in copper, aluminum, silver, Pt/Pd, can only be described as panic selling.

Right now, there is no "hot air" premium in BTPs stock price.

I am looking to start a new thread on what to look for when investing in Cdn mining juniors.
Hopefully this weekend.

[This message has been edited by northernprophet (edited April 23, 2004).]


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blue_in_MI
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Pt+Pd showing some real signs of bottom support the last 24 hrs, let's hope they can maintain these levels and edge back up a bit.

Heh, yeah I bet you're a bit frazzled lately NP, if panicy friends are calling you! Am still in BTP through the summer, though I am *really* kicking myself for not selling in the mid-30's and then buying back in the low-20's. Missed a golden chance to add 50% "free" shares, ouch! Oh well, live and learn. By all accounts BTP *has* to be oversold - it's now dipped under the 200-day EMA. Here's to hoping it bounces hard off of .20


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BCmouser
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Hold on folks. The mms and analysts have been trying to scare people out of the precious metals for the past couple of months. Its working. I view this pullback as a buying opportunity. Prices are still holding at near multi-year highs and demand has never been stronger. The US buck is being propped up and is due for a big fall, watch out for a run in precious metals the likes of which we havent seen in decades.
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blue_in_MI
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eerily quiet this am after the huge volumes of the last few days: 0 volume all morning long. nice to see the bid/ask above the last close, and not quickly crumbling like the ohio st defense being run over by chris perry. am hoping we found the bottom yesterday and today is the calm after the storm - we'll see



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GREGDOGG
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Man, you guys are gettin' killed in BTP right now....

I have good news for ya, .25 is the new base if not a bounce bottom.

Just a hunch. Good luck ya'll.


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northernprophet
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3:00 PM E.T.april 23
Still no trades today.
250,000 shares bid all the way down to 20 cents.
Only 90,000 up for sale up to 40 cents.

I agree with BCMouser.
First of all the sentiment toward gold is where I like to see it. People are unaware.
The general public is mortgaged up to their eyeballs in real estate, using their rising house values as ATMs(mortgage refinancings).
I remember when getting a mortgage used to be a sign of financial success, now anybody qualifies.

Unlike 96, the public does not even know we are in a gold bull market. I remember people were lined up outsite the discount broker offices in Feb/March of 96, looking to get a piece of the Bre-x action. In 96, if a company said they "observed visible gold in the core", their stock would be up by 50 cents or $1, and $2-$5 updays were common. One thing this bull market needs is a discovery by a junior under $1 to create some excitement. SWG went from $2 to $40, but it really has not got much recognition.

The quality of the projects overall is much better now, and the companies are run by real mining professionals, and better regulated. A "qualified person" must sign off on all the results, so no "salting" games anymore.

Finally, gold and bonds have moved virtually together in the past couble of years. When the US economic numbers are bad, gold and bonds both go higher. Gold and "paper debt" can not continue to move up together, they are each others opposites. Also, the central banks of the world were so scared to death of the Japanese deflation spiral of the past 14 years, they may have made credit too easy.
Finally, the 70s were a period of stagnant growth and high inflation. It can happen.


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GREGDOGG
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Hey NP, I heard gold is on the way down and might hit 350.00
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northernprophet
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GREGDOGG, I am glad the sentiment on gold is muted, there is no hype.
There is at least one more upleg in the gold bull market.

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GREGDOGG
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Hey NP, I really have no idea, I just saw some "big wig" talking about it on some stock show.


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northernprophet
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Hi blue, you must be a college football fan.
I like Miami, and I hate Notre Dame. I hate the way Miami was ripped off two tears ago in the championship game against Ohio, with the pass interference call in OT.
Anyway, our QB up here signed a $5M deal with the NY Jets. His name is Ricky Ray and he is good. He reminds people of Joe Montana.
Not a strong arm, not a fast runner, or the quickest release, but he is calm and cool and a super accurate thrower. Watch for him.

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blue_in_MI
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hi NP, heh - yeah I guess I like to throw in a few silly football analogies every once in awhile, just to try to bait osubucks30 into getting peeved at me!

yes i'll admit it, football reigns over our household in fall, much to my wife's chagrin. UofM grad and season ticket holder for 15 years now, still reveling in the 35-21 pasting of OSU. My son is now 11 so he is old enough to bleed maize and blue and now fixates on UM football as much as I do in the fall. A lot of fun - tailgates all day, I go to most games with my son and father in law so it's a multigenerational thing. Had 8 people come into town for the UM/OSU game last fall, friends sleeping all over the floor in every room. Wife was just thrilled, as you can imagine! Ah, fall saturdays in Ann Arbor are a major joy in my life, I'll admit it.

Will keep an eye out for Ricky Ray this fall!


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northernprophet
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As many of you probably noticed, there is finally an ad for BTP on kitco, this is the first ad/promotion for BTP in 3 years.
Stan Bharti has a loyal following, and is able to get his message out on the major newspapers, and the Northern Miner, as well as Report On Business television. The time for accumulation is over, we need some PR!!!

Anyway, it is early Tuesday morning, and all the precious metals are up overseas. Thank goodness.


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blue_in_MI
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low volume, but - a nice day for BTP yesterday; good to see nearly everyone paying at the ask for a change. also glad to see metals up a bit - looked they had stabilized for awhile, but then down again yesterday morning. you're right, up again this am. i checked kitco but didn't see the BTP ad, will keep an eye out for it, NP
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