RE: RE: Undervalued and misunderstoodLet's look at your thoughts piece by piece:
Ok, you bought at the stock market top three years ago. Guess what? We're all down--heavily--on all stocks still
Next, it can;t be the same story every day. There was no new zone to drill 3 years ago, the geophysics were just completed. Next, there was no Bravada spin out three years ago. Lastly, there were less ounces on the table three years ago.
In other words, only your perception of the story hasn't changed in three years.
The hold on flow through is not 90 days, it is 4 months--wrong again. Also, the tax write off is not 133%. That is only for some residents of BC. I look and see that the whole issue was over subscribed, not just flow through.
You know what I called IR months ago, and got in on that PP. Guess what? I made money and think it was a good investment. Perhaps consider getting in on the PPs.
If you don't like Bravada, you haven't taken a close enough look at the geology.
Wait a minute--you criticize management for funding the company with cheap shares yet in the sentence before, you say you wanted in on it! Make up your mind! Sounds like sour grapes from someone who bought in at the top.
As for not drilling the new targets, are you nuts? Have you seen what is across the valley, 1km away? Do you think that any potential buyer of Homestake Ridge cares about the fact that Bravo has millions in the bank? No. They want to buy ounces. In this business, you use money to find ounces. It's that simple.
If you look at the market--you will see there is no tax loss selling. And anyone who sells before year end (tax loss) is going to lose out on the Bravada shares. That to me show smart management that is holding things together.
Criticizing a company or its business plan is one thing--but if your facts are dead wrong and you do it anyways--you are a basher.