The carnage amid the junior resource sector in 2008 was unrelenting, catching most everyone off-guard and impacting just about every issue, no matter where the listing. Among the few companies that bucked the prevailing trend on results was Bravo Venture Group, BVG on the TSX Venture Exchange and B6I on the Frankfurt Stock Exchange.
On October 2nd of last year, Bravo was trading at its year low of 18 cents. The next day the company released excellent results from its Homestake Ridge project in north western British Columbia: 52 meters true width of 21 grams of gold including 5.5 meters of 181 grams of gold per tonne in Hole 87. Outstanding numbers! And the market responded by gapping that day to close at $0.53 on 3.3 million shares. Over the next several trading days BVG gave up some of that strong gain closing in the mid-30’s range and then, as more results began to filter in, slowly marched up to close at year end in the mid 50’s.
