Bravo Gold Corp V.BVG

I'm out....

[venturecop1]

This is very disappointing news.... Resource estimate is small, not open pittable, and will require a lot more drilling and that means more dillution down the road.

Gold trades at all time highs and this thing could barely scrape together a bid. It says it all.

Good luck to those who stick it out, but the way I see it this could easily drop to 15 cents as a buyout seems a long way down the tunnel.

[ernesto47]

Soso, again a nicely promoted rubbish stock and me stupid is sitting on it......ffrrhh

[frenchman007]

I think the market had already factored this news in, and my rough calc puts it at about 31 which is where it has been so I will stay in.  The anomalies to the east will add a lot to the story as they unfold this summer.  Should have done the airborne sooner!

[onbradley]

Actually I surprised this is is news.  The old calcs had nowhere the same cutoff or cap, this appears to be done to a much more rigorous standard.  Any of the companies they have been talking too already know this.  I am in this for exploration potential, and I could never understand how folks were imagining 2+ million ounces or whatever.  The market has been weighing this one

[ashcake]

I'm also out except for a small chunk of shares as "insurance" just in case they hit something big this summer. If they do and we hit .60 or higher I will be happy but this is now going to be a long slow grind and we likely won't get drill results till late August based on previous time it has taken for results.