14:33:14 EDT Thu 28 Mar 2024
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Bravada Gold Corp (2)
Symbol BVA
Shares Issued 11,970,210
Close 2014-11-28 C$ 0.05
Market Cap C$ 598,511
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Taylor says sell Bravada Gold

2014-11-28 21:02 ET - In the News

Jay Taylor, in the Nov. 14, 2014, edition of Gold, Energy & Tech Stocks, says sell Bravada Gold Corp., recently four cents. Mr. Taylor said buy three times from Feb. 17, 2012, to Oct. 16, 2013, at prices ranging from two cents to eight cents. He said sell on Dec. 18, 2013, at half a cent. Assuming a $1,000 investment for each buy, selling the $3,000 position at half a cent would yield a loss of $2,656. He said buy again on Feb. 12, 2014, at one cent. The stock rolled back 1 for 10 on March 25, 2014. Assuming a $1,000 investment for the most recent buy, selling at four cents would yield a loss of $620. Bravada has been a "deep wound" for Mr. Taylor. Its flagship Wind Mountain property looked interesting, but when a mid-sized producer walked away from the project, Bravada fell hard. Under duress, it recently sold Wind Mountain for just $5-million. The company has other promising properties, as well as just 11 million shares outstanding, but Mr. Taylor thinks it unlikely that anything significant will happen between now and the end of January. Perhaps Bravada will make shareholders happy once the market turns. For now, it looks more valuable as a tax loss than a hold.

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