Post by
schor on Jan 08, 2010 3:08pm
Cash
Bravo Receives $1.7 Million in Warrant Exercises
https://www.marketwire.com/press-release/Bravo-Venture-Group-Inc-TSX-VENTURE-BVG-1099398.html
Schor
Comment by
SDRSP1 on Jan 08, 2010 4:38pm
...no need to dillute for drilling in 2010+...
Comment by
Surycan on Jan 08, 2010 5:11pm
9.65 MM cash at the end of 2009looks very goodthey need 1.5 MM for Bravada spin-outso they have more than 8 MM for Homestake in 2010
Comment by
HarrisonFjord on Jan 10, 2010 6:10am
Without a doubt they have a healthy cash position. No need to go to the market and dilute any time soon.VERY NICE to see warrants exercised at $.60. A nice premium indeed. I'd be in shock if we're not trading at well over .50 shortly. GLTA
Comment by
ashcake on Jan 13, 2010 2:52pm
Why would an institution excercise warrants above market price?- especially if the warrants are good for 2 years? What's the hurry? Why not just buy in the market cheaper? Other than perhaps to support the company with additional funds I don't get it!
Comment by
schor on Jan 14, 2010 5:31pm
Excellent point about warrant excercise to get bravada shares without running up the price. Also puts a few extra $ into the company till.I should have thought of that myself.Schor