RE:RE:OceanaGold to acquire gold/silver project in Nevada The volume surge was 100% generated by this email below from the Gold Investment Letter sent on Monday after lunch EST....
It tends to amaze me how some people decide to buy and sell illiquid securities! I just scanned my portfolio and saw that there is a 918,000 share offer sitting at .075 on Bravada Gold (BVA/BGAVF). Anyone who actually wants to sell that much stock doesn't do so in one order, when a market isn't even trading, unless they do not know or do not care about what they're doing.
So, a word to the wise, never try to buy or sell a $$ amount of stock that is 5-10x the normal average daily volume of any given stock in one piece! There is always the chance that someone wants BVA to go lower but I'm not a short seller conspiracy theorist. Most shorts don't mess with tiny and thinly traded juniors like this typically. Then this actually could be presenting itself as a terrific opportunity for Bravada believers...
I personally wrote a $175,000 check last summer to invest in BVA at .08. If you agree that this valuation area is presenting an opportunity, this big seller has allowed for investors that want to take a good sized position off the bat to do so in one swoop. Folks that like juniors but have to put in a dozen buys to accumulate a position tend to just pass. But, BVA is a very worthwhile speculation in my view, especially if we're going into a bullish gold environment.
We financed BVA at a nickel back in early 2016 right as the market started to heat up. We then saw a monster run to 40 cents within a few months and were sitting on a 10 bagger with our warrants by the time the lock up expired. Bravada Gold was a top percentage gainer in the 2016 rally, trading from 3 cents to 40 cents (1,300%) versus GDXJ "just" tripling.
BVA at .075 is trading at just over a $3M USD market cap. They have a 1 million ounce (approx) gold resource at Wind Mountain, which you can buy into for $3 an ounce in the ground! In addition, the company has nearly a handful of majors earning into their Nevada focused projects (including a new deal recently signed with OceanaGold at their Highland project), some of which have huge gold potential. Of note is their barite project that they sourced to Baker Hughes years ago which will go into production and start producing cash flow to BVA in 12 months. We're talking low 7 figures to BVA from their piece!
Bravada remains one of my largest junior gold bets and I'm in for the long term to maximize value in a robust gold miner market. To be specific, I own nearly 10% of the outstanding shares/warrants in Bravada, my largest % of a company position. I would encourage newer readers who are seeking exceptional stories in the gold junior space to take a closer look at BVA, and take a position at .075 before that offer is taken out or just disappears.
I just spoke with and met management while in Vancouver last week and am quite excited about various drill targets the company is planning to hit this year. I highly doubt that the next financing will be priced lower than the last one (.08) so you can get yourself a free trading position lower than we put into the last round. US buyers will want to adjust to .06 to get some of the .075 CDN offer.
A word about liquidity. Say that you buy 500k of the 918k shares there and are worried about selling it. First, you will have 1/10th the issue that I will/do! Second, liquidity drastically improves in a hot market, which is what we're betting on in gold sooner or later. Third, even if liquidity stays a bit low, you can easily piece out of 500k shares in 3 orders over a day or three and be done. It's a tad bit of effort, but if you're doing so at even half the 2016 high price of 40 cents, I'm sure it's worth the time.
Here is their newest power point for your review:
https://bravadagold.com/uploads/presentations/19bva_corporate_presentation_january.pdf
If readers don't take the offer out today or tomorrow, I will (as long as the amount doesn't take me over 10%...I will have to see how much room I have but can likely still buy half the 918k).