Dropping BVG from AlphaFlight PortfolioThey will need hard dollars soon and there is no obvious good news working its way into the market.
BVG has the geological potential for a stunning turnaround, but the chances of that, in relation to rising levels of dilution, is just too much for this gambler to bear.
It hurts, but sometimes one needs to fold and take a loss to redeploy capital into a company with a much better risk / return profile.
I am taking a few pennies loss, only a few thousand down, but this play was highly speculative and I was betting that they could come up with a stunning hole or two before they financed. Clearly, this is not the case. On the flipside, my total portfolio is up 17% with a gain of $157,000 since inception.
I’m out and wish you all the best of luck.
VINDICATOR