Friday, August 07, 2020 3:47:03 PM
NIA is currently watching its Braveheart Resources (TSXV: BHT) extremely closely because not only is $0.15 per share BHT's key breakout point, but we believe it will prove to be the most important key breakout point in all of BHT's history similar to Ely Gold Royalties (TSXV: ELY) one year ago having an extremely important key breakout point of $0.47 per share. We all know what happened immediately after ELY surpassed its key breakout point of $0.47 per share on its 4th attempt!
The most extremely bullish sign for BHT: exactly one week ago on July 31st with BHT trading at $0.135 per share a member of BHT's Board of Directors, John Robert Morgan, exercised a warrant to acquire 400,000 shares of BHT at a purchase price of $0.15 per share, which was a premium of 11.11% above its then market price of $0.135 and provided the company with proceeds of CAD$60,000! This was one of the only BHT insiders who wasn't already buying big in 2020! This purchase increased his stake by 74.9% to 934,000 BHT shares!
BHT last night announced that it had successfully closed on its first $101,500 tranche from Alumina Partners the company BHT recently entered into a financing facility with... where BHT can now draw down on equity private placement tranches of up to $250,000 at a time with the ability to draw down up to CAD$8 million over 24 months, which will provide BHT with the capital to successfully achieve re-permitting while making the necessary surface upgrades that will allow BHT to bring its Bull River Copper/Gold/Silver Mine into production by initially processing its preexisting surface stockpile of 165,000 tonnes of run of mine ore at their 750 tpd mill. This will provide an initial feed for the first 7-8 months of operations without the cost of extracting new ore! BHT has a large indicated resource with preexisting underground workings providing them with direct access to the resource area!
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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