Bluebird Merchant Ventures Share Discussion Threads

[bam bam rubble] 26/5/2016 19:31

The Australian joint owner of BMVs project looks to be valued at £2m and doesn't
have to fund any costs for a few years. Why does BMV have a market cap of £7m?

[dros1] 26/5/2016 18:08

"White Tiger Mineral Resources Inc is currently the main operating company of the Group. It provides logistical and other support to the
Group’s copper concentrate trading business in the Philippines. "

Now, BMV control only 39% of WTMR the rest is held by an associate of Aidan Bishop I belive its this lady hxxps://ph.linkedin.com/in/joylyn-bishop-07799862

[scotty1] 26/5/2016 12:57

These are sooooooo cheap,when people latch on watch it go ;))

[scotty1] 24/5/2016 08:39

Batangas on the “fast track” after Bluebird cash injection
May 24th, 2016 | by finfeed

Red Mountain Mining (ASX:RMX) says work at the Batangas gold project in the Philippines will be put on “fast track” after it finalised a long-awaited deal with Bluebird Merchant Ventures.

Now that Bluebird has finished its listing process on the London exchange, it has paid RMX a total of $US1.7 million ($A2.35 million) in exchange for 25% of the project – effectively valuing the project at about $A9.3 million.

In addition, Bluebird has paid interest and costs accrued by the Batangas JV totalling roughly $A218,000.

The plan from here will be to complete a pre-feasibility study on the project, which is expected to take into account lower energy input costs due to the lower cost of diesel.

Then the JV will start drilling at the project to inform a definitive feasibility study, and then gain approvals from the Philippine government for permitting inputs.

RMX managing director Jon Dugdale told investors that now the Bluebird cash had been receieved, it was in a position to “fast track” the project.

“Now the Batangas JV is operational, and funded, we can bring together all the work over the past 12 to 18 months to fast track completion of the development studies and permitting,” he said.

About the Batangas gold project

The funding is going towards a definitive feasibility study and drilling at the Batangas Gold Project in the Philippines.

Total mineral resources at Batangas sit at 2.97 million tonnes @ 2.4 grams per tonne gold for 227,000 on an indicated basis, and 3.22MT @ 2.1g/t for 218,000oz on an inferred basis.

The Lobo area features 82,000 oz on an indicated and inferred basis – including the South West Breccia mine, which will be the first start-up mine at the project.

Free cash flow from production of the first 100,000oz is expected to be $45 million.

Capex at this stage is expected to be $15 million, a figure set out in a scoping study and feasibility update, but a definitive feasibility study would add more certainty around the numbers.

[bernieboy] 23/5/2016 15:28

Agree with Scotty!

[scotty1] 23/5/2016 13:02

Not necessarily so dros1,and it definitely doesn't mean they know the company any better than anyone else.There's a good business model here and a good BOD and it's a excellent time to buy while it's still under the radar of most.

[dros1] 23/5/2016 12:09

They one that invested pre IPO bailing out is not a good sign, they must know the company better than us

[scotty1] 23/5/2016 08:37

Bluebird Merchant Ventures - update on Batangas: shares very cheap: BUY
By HotStockRockets | Sunday 22 May 2016

We now have evidence that some of those who invested in Bluebird (BMV) at the IPO are ignoring lock-ins. That is seeing the shares slip when they should be racing on more good news. We expect this matter to be resolved very shortly indeed and the re-rate to then start and to be dramatic. That makes the shares a buy now.

The latest news is on Batangas. Bluebird has now completed the Stage 1 payments under the terms of the JV so now owns 25% of the company owning Batangas which is now funded to complete a Definitive Feasibility Study. Within a year you can thus expect a PFS and a DFS.

We already know a lot about Batangas since $15 million has been spent on it to prove up a JORC resource of 445,000 oz of gold. Bluebird can option to own up to 50% of that.

Bear in mind that its metals trading arm is probaly worth £6-8 million and that means that, at 3.5-3.75p with a market cap of sub £7 million, this mine is in for nothing. And that is why the shares are such a strong buy as the lock-in issue is "resolved"

- See more at:

[brookie2441] 19/5/2016 06:39

BATANGAS GOLD PROJECT JOINT VENTURE UP AND RUNNING

[bernieboy] 17/5/2016 13:32

Lots of buys today but still down.....

[cool runnings] 13/5/2016 07:42

Dros, today explains !! Seems to me a lot of gold, what a massive bonus ! It will only help the pricing power, they were also tipped by TW last night again....

[dros1] 12/5/2016 13:47

"Secondly, a copper concentrates trading business. On 25th October 2015 the first shipment of high-grade copper concentrate was shipped to the Philippines’ only copper smelter with which the Group has a supply agreement. The smelter is majority owned by a major international mining company. The copper concentrate also contains gold and silver. The agreement with the smelter expired in December 2015. The smelter has confirmed to the Company that it is willing to renew the agreement on the same terms and conditions as that of the original agreement. The Directors expect to execute the renewal of the agreement by mid-April 2016;"

whats going on with the agreement expected to be mid April?

[bernieboy] 04/5/2016 18:00

I like it - I like it a lot. Think 8 to 10p is achievable in the next six months tbh.....

[bernieboy] 03/5/2016 18:19

I care cool runnings I care. :-)

[cool runnings] 03/5/2016 16:23

Harwood capital own 10%!! Now that is massively significant ..... Anyone out there care ?

[bernieboy] 27/4/2016 09:01

Good! Picked a fee up yesterday at 3.7. Seems undervalued given the IPO price and expected news flow in the short term.....

[bubbleandleek] 26/4/2016 08:56

It would be nice to see who actually owns the shares!?!

[cool runnings] 25/4/2016 09:13

Still very quiet, are we expecting some news soon?

[eddie the eel] 15/4/2016 10:32

Some buyers it seems....

[eddie the eel] 13/4/2016 13:27

recently just bought 500k at 5p, my first ever trade, but hearing good things about this. i am in for the long run good luck guys