2009-09-25 18:45 ET - In the News
Brien Lundin, in the September, 2009, edition of the Gold Newsletter, refreshes his buy of Bravo Venture Group Inc., recently 53 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 five more times between September, 2006, and July, 2009, at prices ranging from 35 cents to $1.52. Assuming a $1,000 investment for each of the five new buys, and taking into account the remaining $1,000 investment after the previous half sale, the total $6,000 investment is now worth $5,910. Bravo reported assays from nine drill holes totalling 1,480 metres that it completed on Aug. 13 at the Homestake Ridge project in British Columbia. The best result was 52.5 metres of 21 grams per tonne gold. As for the drill results from its recent small program at Woewodski Island, they were not encouraging. The stock market guru says that he was not holding much hope for the property, "and apparently no one else was either." The stock did not drop when Bravo announced it abandoned the property.