RE: RE: What is wrong with BVG???Essentially,the drill season is over and there is no mention of a potential buyer.
The project looks robust enough for a serious bidder but it is obvious management have decided to drill it up and explore the surrounding area fully before evaluations even begin.
The Bravada spinout suggests Homestake is in play and there will be,at some point in time,a premium put on this company's share to reflect the event of future sale.
However,that time is not now.
The company has stated the Bravada spinout is also not going to transpire until at least Dec. 31st so shareholders like myself that never made any money holding BVG (and have held at higher prices )have now sold and look for a market correction for re-entry.
30 million shares of recent dilution and the ensuing 15 million shares from warrants to dilute out further didn't help strengthen shareholder resolve.
It is definitely not a good sign when one looks on a website for the company shares outstanding and fully diluted-and you cannot find the numbers readily available.
BVG's day is going to come and Homestake appears to be a potential district play with infrastructure and access issues resolved.
For all those that sold at .48 and entered at .36 BVG was a pleasure,for those of us that sold for a loss it is just another example of shareholder's equity dilution setting back the share,it's price and the shareholder's patience.
The November presentation states 170 million shares fully diluted-and I am not certain if the recent 50 million share dilution is encapsulated in that figure.
https://www.bravoventuregroup.com/uploads/media/presentation_09_11_18.pdf