CA Market News
2日前
Bravada Announces Leadership TransitionJune 8, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 8, 2026) - Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) ("Bravada" or the "Company") is pleased to announce the appointment of Dr. Paul West-Sells as President, Chief Executive Officer and director of the Company. Joseph A. Kizis, Jr. has transitioned to Vice President, Exploration of the Company and will remain on the Company's board of directors.Lawrence Page, K.C., Board Chairman stated, "We are pleased to have attracted to Bravada a mining leader with Dr. Paul West-Sells' skills and experience. We believe this is a testament to the quality of our portfolio of projects, most notably the Wind Mountain project in Nevada. With a strong balance sheet and a high-quality gold development project in one of the best mining jurisdictions in the world, we believe we have the right team to explore, advance, and derisk the project, as well as introduce Wind Mountain to investors."Joe Kizis has been an integral officer of the Company since its inception. His expertise in exploration of Wind Mountain has transitioned it from the exploration to the development phase. Paul and Joe will work closely together as Wind Mountain rapidly advances into the development phase."Dr. West-Sells, President and CEO stated, "I am very excited to join the Bravada team. I believe that the Wind Mountain project is a great brownfield gold project and I look forward to working with the team to help develop it. I started my career in Nevada and am pleased to have the opportunity to return to Nevada and unlock the value of Bravada's excellent portfolio of projects."Dr. Paul West SellsDr. Paul West-Sells brings a wealth of experience from a distinguished career spanning over three decades in the mining industry. He previously held various technical and senior executive roles at Western Copper and Gold Corporation between 2006 and 2024, including Chief Operating Officer, Chief Executive Officer, and President. During his tenure, Dr. West-Sells led the advancement of the Casino Project through multiple feasibility studies, environmental assessment and permitting efforts, and extensive engagement of key governmental, strategic, and financial stakeholders. Earlier in his career, Dr. West-Sells worked with major mining companies such as BHP, Placer Dome, and Barrick in senior technical roles focused on Research & Development and Project Development and he currently sits on the boards of Chesapeake Gold Corp., Surge Copper Corp., and Cascadia Minerals Ltd. He holds a Ph.D. in Metallurgical Engineering from the University of British Columbia.Dr. West-Sells has been granted 300,000 incentive stock options exercisable to purchase common shares of the Company at an exercise price of $0.92 per share for a period of five years. The stock options are subject to the terms and conditions of Bravada's stock option plan and the policies of the TSX Venture Exchange. Private PlacementIn connection with his appointment, Dr. West-Sells will participate in a non-brokered private placement totaling $200,000. He will purchase 285,715 common shares of Bravada at a price of $0.70 per share. Shares purchased pursuant to this private placement will be subject to a hold period expiring four months and one day from their date of issuance and proceeds will be used for general working capital. The private placement is subject to approval of the TSX Venture Exchange.Dr. West-Sells' participation in the private placement is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the private placement by Dr. West-Sells does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.About BravadaBravada is a long-established exploration and development company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture business model, Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study conducted in 2022 on a Phase I portion of the Wind Mountain deposit, and additional Phases are being evaluated for the project as part of an ongoing Pre-Feasibility Assessment. In addition, the Company has significant upside potential from possible new discoveries at its other exploration properties. Since 2005, the Company has signed 33 earn-in joint-venture agreements for its properties with 20 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has eight projects in its portfolio, consisting of 782 claims for approximately 6,329 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed.Several videos are available on the Company's website that describe Bravada's major properties, answering investors commonly asked questions. Simply click on this link:
https://bravadagold.com/projects/project-videos/.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.On behalf of the Board of Directors,Lawrence Page, K.C., Chairman & Director, Bravada Gold CorporationFor further information, please visit Bravada Gold Corporation's website at bravadagold.com; or contact us at 604.641.2759 or by email at info@bravadagold.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300444 Original: Bravada Announces Leadership Transition
CA Market News
5日前
Bravada Adopts Semi-Annual ReportingJune 5, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 5, 2026) - Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) ("Bravada" or the "Company") announces that it has adopted semi-annual financial reporting ("SAR") pursuant to the British Columbia Securities Commission Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order").The Blanket Order allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on July 31. Under the provisions of the Blanket Order, the Company will be exempt from the requirements to file interim financial statements and associated management's discussion and analysis ("MD&A") for its three-month (Q1) and nine-month (Q3) interim periods. The initial interim period for which the Company will not file is the nine-month (Q3) period ended April 30, 2026. The Company will continue to file audited annual financial statements and MD&A (due within 120 days of July 31) and unaudited six-month (Q2) financial statements and MD&A (due within 60 days of January 31). This news release is being filed pursuant to the Blanket Order. The Company remains fully committed to transparency and timely disclosure and will continue to promptly disclose all material changes and significant developments through news releases and material change reports, ensuring that investors remain informed between reporting periods. By adopting SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting. About BravadaBravada is a long-established exploration and development company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture business model, Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study conducted in 2022 on a Phase I portion of the Wind Mountain deposit, and additional Phases are being evaluated for the project as part of an ongoing Pre-Feasibility Assessment. In addition, the Company has significant upside potential from possible new discoveries at its other exploration properties. Since 2005, the Company has signed 33 earn-in joint-venture agreements for its properties with 20 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has eight projects in its portfolio, consisting of 782 claims for approximately 6,329 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed.Several videos are available on the Company's website that describe Bravada's major properties, answering investors commonly asked questions. Simply click on this link:
https://bravadagold.com/projects/project-videos/. On behalf of the Board of DirectorsJoseph A. Kizis, Jr., Director, President, Bravada Gold CorporationFor further information, please visit Bravada Gold Corporation's website at bravadagold.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, are forward-looking statements. Forward-looking statements in this news release include plans to adopt SAR. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. These statements are based on a number of assumptions including, among other things, assumptions that the Company will continue to meet the eligibility criteria for SAR under the Blanket Order. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300287 Original: Bravada Adopts Semi-Annual Reporting
CA Market News
3月前
Bravada Announces the Appointment of Adam Melnyk as DirectorMarch 11, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 11, 2026) - Bravada Gold Corporation (TSXV: BVA) (FSE: BRT) ("Bravada" or the "Company") announces that Adam Melnyk, P.Eng., CFA has joined the Board of Directors of the Company. Bravada Chairman Lawrence Page K. C. commented, "Adam's experience in mine development, business development, and financing contributes critical elements to the Company's board and management as we conduct a Pre-feasibility Study on Wind Mountain and ultimately to advance the project to a production decision."Adam Melnyk, P.Eng., CFA, commented, "I am pleased to join Bravada's board at a key time for the Company. We believe our high-quality asset base is fundamentally underappreciated by the market. Bravada's flagship Wind Mountain project in Nevada has all the hallmarks of a potential low-strip, high-margin heap leach gold project. As we de-risk this asset, including with the delivery of a pre-feasibility study, we expect to create tangible value for Bravada stakeholders. I anticipate working closely with Bravada's management team to advance and optimize this exciting project. In addition, we are looking forward to exploring the potential of Bravada's deep portfolio of exploration-stage assets, all of which are located in world-class mining districts in Nevada."About Adam Melnyk, P.Eng., CFAAdam Melnyk currently serves as Vice President of Corporate Development at Luca Mining Corp., a multi-asset, polymetallic mining company with operations in Mexico. Previously, Mr. Melnyk was employed as Vice President of Business Development at Victoria Gold Corp. He also has extensive buy-side experience in the mining industry as the Head of Mining Research at Sun Valley Gold LLC, an SEC-registered Investment Advisor and Hedge Fund. In addition, he has worked in Equity Research as a publishing mining analyst with both bank-owned and independent investment dealers, where he developed a reputation for thoughtful independent analysis and maintained a strong client base. Prior to the financial industry, Adam was employed as a Mining Engineer with Golder Associates and worked in the Exploration Division of Goldcorp's Red Lake mine.Adam holds a B.Sc. in Geological Engineering (Hons) from Queen's University in Kingston, Ontario and is registered as a Professional Engineer (P.Eng.) with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC). He is also a CFA Charter holder.In connection with his appointment as a director, Bravada has granted Adam Melnyk incentive stock options exercisable to purchase 250,000 common shares at an exercise price of $0.92 per share for a period of five years. The stock options are subject to the terms and conditions of Bravada's stock option plan and the policies of the TSX Venture Exchange.About Wind MountainSubsequent to the Company's Resource Update in September 2025, the Company has arranged for several independent contractors to conduct updated studies that are necessary for the PFS, and ultimately for renewed mine permitting. Underway or expected to begin over the coming months includes mine planning and design for the expanded resource, metallurgy, archaeology, biology/wildlife, hydrology, and detailed resource evaluation to convert the small amount of In-pit Inferred Resource to Indicated Resource, which could be converted to Probable Reserve by a successful PFS. Being a past-producing open-pit/heap-leach mining operation, and having been successfully reclaimed by the previous mine operator, there is a large amount of historic data to be drawn upon to reduce costs compared to permitting a virgin deposit.About BravadaBravada is a long-established exploration and development company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture business model, Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study conducted in 2022 on a Phase I portion of the Wind Mountain deposit, and additional Phases are being evaluated for the project as part of an ongoing Pre-Feasibility Assessment. In addition, the Company has significant upside potential from possible new discoveries at its other exploration properties.Since 2005, the Company has signed 33 earn-in joint-venture agreements for its properties with 20 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has eight projects in its portfolio, consisting of 782 claims for approximately 6,329 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed.Several videos are available on the Company's website that describe Bravada's major properties, answering investors commonly asked questions. Simply click on this link https://bravadagold.com/projects/project-videos/ . On behalf of the Board of DirectorsJoseph A. Kizis, Jr., Director, President, Bravada Gold CorporationFor further information, please visit Bravada Gold Corporation's website at bravadagold.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288046
Original: Bravada Announces the Appointment of Adam Melnyk as Director
CA Market News
3月前
Bravada Announces Consolidation; Updates PFS Status at Wind MountainFebruary 24, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) ("Bravada" or the "Company") reports that board of directors of the Company has recommended and authorized a consolidation of the Company's outstanding common shares on the basis of eight (8) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation"). There are currently 229,262,645 common shares issued and outstanding and, upon completion of the Consolidation, there will be approximately 28,657,771 common shares issued and outstanding. On March 2, 2026, the Company's shares will commence trading on a consolidated basis on the TSX Venture Exchange with new CUSIP 10567D303 and ISIN CA10567D3031. The Company's name will not be changed in connection with this Consolidation. The Company's management believes that the Consolidation will result in greater investor interest, improved trading liquidity and will facilitate future financing of the Company. The Company will send shareholders a letter of transmittal when the Consolidation has taken effect instructing shareholders to surrender the certificates evidencing their pre-Consolidation common shares for replacement certificates representing post-Consolidation common shares. The Consolidation is subject to TSX Venture Exchange approval.Status of the Wind Mountain PFS StudyPresident Joe Kizis provides an update on the PFS program for the Wind Mountain project in northwestern Nevada, "Subsequent to our Resource Update in September 2025, we have arranged for several independent contractors to conduct updated studies necessary for the PFS, and ultimately for renewed mine permitting. Underway or expected to begin over the coming months includes mine planning and design, metallurgy, archaeology, biology/wildlife, hydrology, and detailed resource evaluation to convert the small amount of In-pit Inferred Resource to Indicated Resource, which could be converted to Probable Reserve by a successful PFS. Being a past-producing open-pit/heap-leach mining operation, and having been successfully reclaimed, there is a large amount of historic data to be drawn upon to reduce costs compared to a virgin deposit."About BravadaBravada is a long-established exploration and development company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture business model, Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study conducted in 2022 on a Phase I portion of the Wind Mountain deposit, and additional Phases are being evaluated for the project as part of an ongoing Pre-Feasibility Assessment. In addition, the Company has significant upside potential from possible new discoveries at its other exploration properties.Since 2005, the Company has signed 33 earn-in joint-venture agreements for its properties with 20 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has eight projects in its portfolio, consisting of 782 claims for approximately 6,329 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed.Several videos are available on the Company's website that describe Bravada's major properties, answering investors commonly asked questions. Simply click on this link:
https://bravadagold.com/projects/project-videos/. On behalf of the Board of DirectorsJoseph A. Kizis, Jr., Director, President, Bravada Gold CorporationFor further information, please visit Bravada Gold Corporation's website at bravadagold.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, are forward-looking statements. Forward-looking statements in this news release include plans to complete the Consolidation and the anticipated effective date thereof as well as completion of the PFS. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. These statements are based on a number of assumptions including, among other things, assumptions that TSX Venture Exchange approval will be granted in a timely manner subject only to standard conditions; that all conditions precedent to the completion of Consolidation will be satisfied in a timely manner; and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285017
Original: Bravada Announces Consolidation; Updates PFS Status at Wind Mountain
CA Market News
4月前
Bravada Gold Closes Previously Announced Non-Brokered Private PlacementFebruary 5, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 5, 2026) - Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) ("Bravada" or "Company") reports it has now closed the previously announced non-brokered private placement and will issue 44,000,000 units ("Units") at a price of $0.04 per Unit for gross proceeds of $1,760,000 (the "Offering"). Each Unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share at a price of $0.05 for 3 years. Net proceeds from the private placement will be used to conduct a Pre-feasibility Study ("PFS") of the Wind Mountain gold/silver deposit in NW Nevada (approximately 74%). Net proceeds will also cover land-holding fees (10%) and general working capital (approximately 16%, with 12% of general working capital payable to non-arm's length parties). No amounts are proposed to be spent on investor relations activities.All securities issued and sold under the Offering are subject to a hold period expiring on June 5, 2026. Completion of the Offering remains subject to the approval of the TSX Venture Exchange. The Company has paid no finder's fees with respect to this Offering.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.About BravadaBravada is a long-established exploration and development company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture business model, Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study conducted in 2022 on a Phase I portion of the Wind Mountain deposit, and additional Phases are being evaluated for the project as part of an ongoing Pre-Feasibility Assessment. In addition, the Company has significant upside potential from possible new discoveries at its other exploration properties.Since 2005, the Company has signed 33 earn-in joint-venture agreements for its properties with 20 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has eight projects in its portfolio, consisting of 782 claims for approximately 6,329 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed.Several videos are available on the Company's website that describe Bravada's major properties, answering investors commonly asked questions. Simply click on this link https://bravadagold.com/projects/project-videos/. On behalf of the Board of DirectorsJoseph A. Kizis, Jr., Director, President, Bravada Gold CorporationFor further information, please visit Bravada Gold Corporation's website at bravadagold.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements in this news release include completion of the PFS. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.This news release is not intended for distribution to United States newswire services or dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282761
Original: Bravada Gold Closes Previously Announced Non-Brokered Private Placement
ThSeeker
7年前
Gold Investment Letter Comments:
Good Afternoon,
Most of you reading this will become perpetually vexed by not acting on Bitcoin earlier. The issue won't escape you outside of my coverage because the cocktail fodder hasn't even started yet! When will that kick in at the country club? Probably somewhere around $50k-100k per BTC and certainly beyond.
In any event, if you simply are uncomfortable with change in general or learning how to buy crypto specifically, but want some exposure, Galaxy Digital Holdings (GLXY/BRPHF) is a stock that you may want to consider. And by consider, I mean consider it NOW, because I think the low $2's CDN are going to be long gone very soon and this stock will not look back once it really goes.
Mike Novogratz was a traditional Wall Streeter with Fortress before branching out big into crypto early on. He's now a billionaire and wants to turn GLXY into the Goldman Sachs of crypto, which he's in the lead so far to do. But there is enormous potential in just piggy backing into their deal flow on the venture capital side of blockchain/crypto deals. They see the best deal flow and have stakes in some of the most exciting companies in the space, hands down.
I see it as the one must own crypto/blockchain stock in the market right now. I pounded the table near $1 CDN in premium last November/December so many of us are locked/loaded cheaply. However, I've continued to encourage buying up to the low $2's, which is where we are now. The company actually raised $350 million at $5 per share during the last bubble in late 2017/early 2018!
So legacy investors are still cut in half here. But many of their investments are recovering big time now that Bitcoin is CLEARLY back in a roaring bull market, which will pull many coins/tokens up alongside it. Check out GLXY under $2.50 as a bet on the future of money and technology!
Lastly, I'm absolutely hoping BTC cools off soon and has a sharp pullback, creating a new buying opportunity. But I'm not so sure we'll see it just yet, since we just broke $10k this past weekend, creating fresh FOMO. The biggest risk in BTC is not owning any in my opinion. There are so many people waiting for a pull back to buy it that I think the retracements will continue to disappoint in severity, or be so quick that most will simply miss the chance.
There is no question that when investors look at a globe drowning in debt with negative interests rates as the new norm soon, they will seek places to protect their capital outside of the fiat system at large. Bitcoin, gold, silver, and mining stocks will be massive beneficiaries of what's coming!
This isn't a prediction but my attitude about GLXY currently is that I won't loosen any up until it's trading between $20-50 per share. So, I'm not in this for a double....I'm in it to win it or bust! I've always said BTC/crypto will produce a binary outcome. Meaning, worthlessness or something like 20x-50x-100x-500x higher value than today. The risk/reward in this sector is incredible, like nothing I've ever seen before.
Sincerely,
Eric Muschinski
Gold Investment Letter
eric@phenom.ventures