Int''l Speculator says buy BravoHello everyone,
Int'l Speculator says buy Bravo for all that good news
2007-10-19 19:23 ET - In the News
The International Speculator, in its Oct. 1, 2007, issue, says buy Bravo Venture Group Inc. at 98 cents. The newsletter said buy on Aug. 1, 2005, at 39 cents. It then said investors should take profits (sell half perhaps) on April 1, 2006, at 95 cents. Assuming an investment of $1,000, selling half would have yielded a profit of $681. It then said buy in September, 2006, at $1.25, and again on April 2, 2007, at $1.48. Assuming investments of $1,000 each time, and taking into account the remaining $500 investment after the April 1, 2006, sale, the Speculator's $2,500 investment is worth $2,635. The Speculator's writer checks over the press releases and figures all the good news does not match the swooning share price (its 52-week high was $1.92 in early March, 2007). Bravo has expanded its high-grade Homestake Ridge gold project in British Columbia to 990,000 ounces and is drill testing at Woewodski Island in Alaska. The only fly in Bravo's ointment is a $1.2-million exposure to now-illiquid asset-backed commercial paper. The Gold Newsletter's Brien Lundin said buy in March, 2005, at 32 cents, and in August, 2005, at 45 cents. He also said sell half at $1.37, in February, 2006, but buy again April, 2007, at $1.52.
Cheers,
I_luv_GVG