Bravo Gold Corp V.BVG

Cash

[schor]

Bravo Receives $1.7 Million in Warrant Exercises

https://www.marketwire.com/press-release/Bravo-Venture-Group-Inc-TSX-VENTURE-BVG-1099398.html

Schor

[onbradley]

"The company said that the exercise includes 2,000,000 at .60 per share; 1,181,750 at .40 per share; 190,000 at .35 per share, and option exercises of 10,000 at .30 per share."  This is very good news--looks like an institutional order.  Whomever it is was willing to pay a .20 cent premium to market to exercise their warrants.   More money came in at .60 cents than

[SDRSP1]

...no need to dillute for drilling in 2010+...

[Surycan]

9.65 MM cash at the end of 2009looks very goodthey need 1.5 MM for Bravada spin-outso they have more than 8 MM for Homestake in 2010

[HarrisonFjord]

Without a doubt they have a healthy cash position.  No need to go to the market and dilute any time soon.VERY NICE to see warrants exercised at $.60.  A nice premium indeed.  I'd be in shock if we're not trading at well over .50 shortly.  GLTA

[ashcake]

Why would an institution excercise warrants above market price?- especially if the warrants are good for 2 years? What's the hurry? Why not just buy in the market cheaper? Other than perhaps to support the company with additional funds I don't get it!

[chance_barkley]

Sometimes warrants carry voting rights or special voting rights with them.  Also, if exercised, warrants can sometimes give you the option to purchase future warrants, usually at a higher price.  They are designed this way when theirs potential for large price appreciation in more volatile stocks.  I'm just speculating b/c I haven't look at them, but these are potential

[onbradley]

The answer to this is pretty simple:  They wanted the shares in a certain timeframe and within a certain price band.  If they exercise before the 31st of last year, they get the Bravada shares.  If not, no dice.  So they obviously saw value in the Bravada shares. Next, if they wanted to come into the market and buy that much, it would have been too obvious and too expensive

[chance_barkley]

Didn't even think of that.  That's mostly likely the most plausible.  I guess that's why the CEO of BIDS trading system and other  'dark pools' are so adiment about about their platform.  If no one can see bids and orders then everything is based solely on what your willing to pay for an asset and therefore larger players can take larger positions while

[schor]

Excellent point about warrant excercise to get bravada shares without running up the price. Also puts a few extra $ into the company till.I should have thought of that myself.Schor