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Message: Announcement of Approved Business Combination

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Re: Announcement of Approved Business Combination

posted on Jul 23, 09 01:26PM

Any seasoned pro will tell you that a consolidation is bad. The only reason I have not sold this stock is because I have a faint hope that the shareholder that bought 15 millon share on June 29/30 has some legal plans. The person bought less than 10 % so he would not have to file.

First, KRIA has to pay Xstrata a boatload of cash for their property. $16 million over the next few years, plus shares, , plus if metal prices rise, Xstrata gets more of the profit.

The KRIA /Xstrata deal is a terible one, and BTP is merging with that.

Also, Nevoro and Starfield are marginal companies.

Personally, I would have just liked to see BTP farm out a few parcels of land to other companies and let them work on it.

THE CURRENT BTP/Kria/Nevoro DEAL IS A BAD DEAL and offers little value .

I am hoping for a lawsuit or shareholder action... that is the ONLY reason I have not sold.

Kria had to pay Xstrats $4 million on July 21, they only hace $2 million in the bank.

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