Classical logic of formal provability includes Löb’s theorem, but not reflection. In contrast, intuitions about the inferential behavior of informal provability (in informal mathematics) seem to invalidate Löb’s theorem and validate reflection (after all, the intuition is, whatever mathematicians prove holds!). We employ a non-deterministic many-valued semantics and develop a modal logic T-BAT of an informal provability operator, which indeed does validate reflection and invalidates Löb’s theorem. We study its properties and its relation to known provability-related paradoxical arguments. We also (...) argue that T-BAT is a fairly sensible candidate for a formal logic of informal provability. (shrink)