Anyway, the correction in gold is still less than the one in early 2003. Look at a 5 year chart.
As for palladium, who knows.
I am sure glad BTP has the Idaho property!!!

As Robert Bishop said,(Gold Mining Stock Report) it is tax time in Canada,(April 30 deadline) lots of resource investors made money in 2003 doing some selling, yet kept their money in the market buying other resource stocks, which are down now, so many people are having to pay taxes even though at this point in time, they are losing money over the past year. OUCH!!!!

Today, Octagon is a big buyer again. They bought a block of 3,000,000 in Feb. and they
were buying last week as well.
Octagon deals with mutual funds and more sophisticated investors.(wealthy)
BTP has not yet officially closed their first financing, which is strange. It is in their interest to do so, because there is a 4 month hold period from the date of official closure.
If it closed this week, those 10 million shares would not be free trading until late August.

Also, what's your guess on how this affects BTP's summer? Are they going to be just vaguely "exploring" - ie taking some aerial survey buyt otherwise mostly having a daily decision between Dunkin Donuts or Krispy Kreme? Or are they going to be actually pulling out the heavy equipment and getting their hands dirty and actually doing some drilling and maybe even production plans?

Now, with Montana. Believe it or not, Southern Alberta and Montana can get wicked snowstorms until early June. Two years ago the Americans had to close the border because of a snowstorm, it was June7.
The Stillwater complex had a major snowstorm in 2002, on June 20. If they get snowed in, it becomes really expensive because you still have to pay the crew to wait. Remember, they are about 2000 feet higher than Denver.

BTP is moving forward, the reason for the financing delay could be that they are raising lots of money and the participants in the financing are short of cash because of the resource market decline.

If the stock was trading at $1.00 now and the insiders were dumping shares, I would be worried.
The insiders and their cronies own over 30,000,000 shares, they are not selling at this price and volume.

Also, if they come up with the goods in Idaho, they will be able to do another financing, at much higher prices.

I do not know what the next NR will say, but the fact that there is no promo going on is a good thing.(except for a pop-up on kitco)
(This group has the ability to get BTP in the papers and on TV, and get analysts on their side)

Bharti and McCarvill could raise $5M for BTP in their sleep. I do not know what the delay is for.

Hopefully the US employment report in an hour won't knock the stuffing out of gold.

I am hearing all sorts of rumours, but there may be a disinformation campaign going on.
One story is that there will be a property acquisition for a property that has near term revenue potential.
2 former directors who still own shares were bigwigs with Inco. Inco likes mammoth properties, not small ones that could be company builders for one the size of BTP.
FNX mining, (tse,amex) got their start with a "gift" property from Inco.

We'll see, BTP already has 2 great properties.

Like I thought would happen, gold took it on the chin today. It is still at a good enough price that quality discoveries will be rewarded .

Also ,a massive short position was made in the stock 2 Thursdays ago when BMO Nesbitt was selling all those shares.
645,000 shares. Just reported last week.
I posted it on stockh****. com, on Saturday.
Don't be worried !!! I have seen this many times before a financing.

For the Canadians, the short positions for all Cdn stocks are in the Globe&Mail and Financial post today. (if over 50,000 shares)

Last chance to buy this cheapie.

The trading pattern of the last few days looks good; lots of blocks of 30,000-50000 shares changing hands. Not retail, strictly pros.
I admit to getting impatient and slightly frustrated, but my enthusiasm for this stock has not waned one bit!!

The TSX 100 again bought more shares in BTP today. 25,000 at 32 cents. This will be posted on stockwatch until midnight.

This is all new to me as well, I have never seen this before.

I have no idea why they are buying above market, and their trades do not show up until the end of the trading day.

I remeber you talking about Cannacord, I thought everything you said was positive,

I'm just wondering if there's anything negative we need to know about.

Something about a mine or mines in Papa NuGini...

MSDEF .18 Take a look

Come join us on the "Hot Stocks" board

Gregdogg,
Are you talking about hotst****.com. Is that a good site? Any other good boards/sites you know that are not that well known?

In Montana anyway, BTP has over 18,000 feet of the J-M reef on their property, and 1500 feet is enough to make a mine. Not all 18000 feet may be minable but they must have 1500 feet.
Believe me, if BTP put a well laid out full page ad in the Northern Miner or Bull& Bear, it would trade near $1.
The really good situations are not flogged to the public.
Look at Aber, no analysts were talking about it at $7-$12, yet they were recommending it at $40.

When I say "Hot Stocks" board, I mean the board here at AllStocks....LOL

That's funny though, cuz ************* does excist... They have PSH as their pick...lol

My question was just a vaugue question in relation to Cannacord...

We're looking at buying into a company that deals with Cannacord, so I was looking for your opinion on them and their credibility.

The stock is MDSEF, it's otcbb.

Thanks for the info. Gotta go, I've been here 8 hours.....jeeeshhhh

Peter Brown is the head of Canaccord and the most powerful man in Canadian junior stocks.
He is a multimillionaire and will be a megamillionaire when Canaccord goes public in a few months.He drives around Vancouver in a limo or his Rolls.

I asked a tech analysis guru I know to analyze BTP.
He looked at the 10 year chart and saw a downtrend line from the high of over $4.00 in 96 to $2.50 in 2000 to $1.90 in 2001 all the way down to 45-48 cents today.
He said if it breaks through 50 cents on strong volume it will be a major turning point and confirm the new long bullish trend.

So far today, the exchange (TSX 100)has bought another 75000 shares.