LundinBravo Venture Group Inc (C-BVG) - In the News
Lundin says buy Bravo
2009-08-17 19:06 ET - In the News
Shares issued 118,699,145
BVG Close 2009-08-17 C$ 0.53
Brien Lundin, in the July, 2009, edition of the Gold Newsletter, says buy Bravo Venture Group Inc., recently 35 cents. Mr. Lundin said buy Bravo in March, 2005, at 32 cents, and in August, 2005, at 45 cents. He then said take some profits (sell half, perhaps) in March, 2006, at $1.37. Assuming a $1,000 investment for each of the two buys, selling half at $1.37 would have yielded a profit of $2,570. He said buy four more times between September, 2006, and January, 2009, at prices ranging from 39 cents to $1.52. Assuming a $1,000 investment for each of the four new buys, and taking into account the remaining $1,000 investment after the previous half sale, the total $5,000 investment is now worth $2,928. The company recently raised $6.2-million in private placements. The money will go toward an 8,500-metre drill program at Homestake Ridge in British Columbia. The stock market guru says raising the money for drilling is good news for Bravo because Homestake is its "key driver." He adds that he recently talked to Bravo management and he believes they know where the high-grade gold is likely to be found. Mr. Lundin recommends his readers buy Bravo before the company's drill results come out.