Bewarned............

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Bravo Venture Group (BVG)

I have been monitoring since 7/7/08, I must think quite a lot about them as they are in my second string for gold % though I have never looked into them..

On Agoracom

Note Bravo/Grandich Deal Jan 09 2008 $1000 per month

Note Agoracom start date July 07 2008 No posts by xxxxxxxx, WHY

{xxxxxxxx, a good man, was the man who got my chum involved}

BVG www. site Where are the management? First site that I have ever seen without immediate access as to who is running the show.

Print very small, pretty, nice pictures.

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Shares

Management 12%

Instituations USA 5%

German Retail 25%

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The Management Team and the Manex Umbrella

Bravo is one of six companies under the Manex Resources Group umbrella. Manex is a private corporation which provides a number of central financial, legal, administrative and geological services to the group providing each company with expertise and enabling them to achieve economies of scale and thus increase the proportion of expenditure that is spent in the ground. Since its formation in 1997 companies under the Manex umbrella have raised C$250m to fund exploration.

Many directors of Manex companies have worked together in the past on other projects notching up a number of successes both individually and collectively. For example, Manex was an early sponsor of Western Silver Corp. which developed the world class Penasquito project in Mexico - now the flagship of Goldcorp.

The fact that Bravo have recently succeeded in raising C$2M in private placements despite the current market conditions is testament to the market view of Bravo’s team and projects. However the share price took a hit following announcement about postponement of updated resource estimate.

Looking ahead even if the geology proves as favourable as hoped there will still be a number of permitting and infrastructural hoops to jump through before Homestake can become a mine. The terrain is steep, the exploration season is short (roughly from June to October), the road currently finishes several kilometres from the site, and there is not yet power, though a private power company is currently developing two green power sites and a hydro electric scheme which could supply the property. But Bravo has been thinking ahead and has strong relationships both at the federal and provincial levels with government bodies and environmental regulators and locally it has maintained strong relationships with the First Nations communities and municipalities

With road access to tidewater and power infrastructure relatively near-to-hand, the project economics could potentially be very robust in the light of the outstanding drilling results. Bravo appears to have made a top-notch discovery and might be announcing a significant resource upgrade later in the year. It has C$1.5 million cash in the treasury and commitments for future funding sufficient for this year’s exploration plans, the management team already has a number of successes under its belt and the political risk of all its projects is low.

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Do I have to go further

1. A camel is designed by a committee

2. I would have to investigate the whole of the Manex organisation in German to see what their capabilities are. Main Chancers!

3. They have no money to even think about building a mine.

4. They have a five month season at best and NO infrastructure.

5. I feel that this a pump, 25% German retail! Note no hedge funds.

Plenty of gold, but going to cost $900 to get $800 out.

All gold mines are not equal, some are more unequal than others!

Sorry.

Clavis

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{Since this letter, I note that they are attempting to raise $5M+ , I have looked at their declared drill plans, not comprehensive, they have five other companies that they have to support, so WHERE is the $ going}