Bluebird Merchant Ventures Share Discussion Threads

[tsmith2] 21/7/2016 13:14

Think last of overhang clearance reported

[bubbleandleek] 21/7/2016 09:26

the next update is key. watch this space...

[tsmith2] 21/7/2016 08:50

This is from share prophets The company states that it has received payment from the smelter for the initial test shipment of copper concentrate that is in line with management expectations. It adds that the construction of the laboratory and other improvements at the processing plant is on schedule and nearing completion and it expects to renew the agreement with the smelter and to commence making regular shipments from the month of July.So we have proof of concept now we are set to see real cashflows which, again, on their own more than justify the current share price. The release does not say who the smelter, the partner, is. But we have discovered that it is a company called Pasar which is 80% owned by Glencore. So this is a real blue chip partner.As the market starts to appreciate what is going on we expect a massive re-rate. The stance at 4p and at up to 4.625p is buy with a target to sell of 8p within months. This really could almost double in good time if you buy today.--------------With the shares at 2.5p now..

[tsmith2] 21/7/2016 08:46

I would imagine we have news re: lab completion followed by shipment to Glencore in the two weeks

[andy] 20/7/2016 10:16

Bubble,

Can you add the price charts and news into the header please?

[tsmith2] 20/7/2016 08:09

Volume dried We now look forward to renewing the smelter agreement and commencing regular shipments and developing a profitable trading business..Lab news fairly imminent

[bubbleandleek] 19/7/2016 08:50

what makes you say that?

[tsmith2] 19/7/2016 08:06

Sellers finished. All set

[tsmith2] 13/7/2016 05:22

Copper flying

[andy] 13/7/2016 01:17

Mining only produces around 2-3% of Philippines GDP, so it's not as big a deal as you would expect.

They have been anti mining for many years.

[tsmith2] 12/7/2016 21:02

With higher royalties, stringent environmental criteria, employment etc..No point arguing..happy with

[sajhanif] 12/7/2016 20:14

Looks like there is at least one minister advocating mining, the country needs the investment, if anything it will just make the mines safer, each to their own

hxxp://www.philstar.com/business/2016/07/13/1602176/mvp-makes-pitch-tourism-mining

[andy] 12/7/2016 20:03

Tsmith,

I suggest you read up on Duterte, he's no mug, and he has big plans to change the Philippines.

Read up on his career so far!

And Lopez is very anti mining and even more anti open pit, these people are serious, look at their career histories!

It's hardly "hype", it was in their plans during the election campaign!

[tsmith2] 12/7/2016 16:29

Each to their own, personal think with some hype no longer around, could move v nicely with news

[andy] 12/7/2016 15:41

tsmith2,

No It's not, they are serious about it,mining is not popular in the Philippines.

Read up on the new president, and Lopez!

[sajhanif] 12/7/2016 14:38

Completely agree....

I just bought in, some big buys coming in right now

[tsmith2] 12/7/2016 13:53

Over blown...political rhetoric is easy and besides it will come with more stringent requirement which they will need to and imo can incorporate

[andy] 12/7/2016 10:07

tsmith2,

Whilst Batangas may not be in operation yet, it is open pit,and you have to read what Lopez said about open pit mining to realise where the concerns are.

I don't believe Batangas will be audited, as it's not in production, but will Lopez allow it it start up as an open pit mine in the future, given her recent comments?

That is the issue as I see it, and the reason for the share price fall.

[tsmith2] 12/7/2016 09:27

We are close to completing the building of an assay laboratory at the concentrating plant in order to substantially cut down the time between shipping concentrate to the smelter and receiving payment. Next bit of news

[tsmith2] 11/7/2016 12:41

Bullish on copper..news re: deliveries and lab soon.Also see company response re: mine audits..Good buying opp imo

[andy] 10/7/2016 23:32

It looks as though open pit mining is the main issue for the new administration in Manila!

[tsmith2] 10/7/2016 19:10

Ta. Will have a listen. I'm not complaining as it created the opp.Gold projects will become easier to get financing for as sentiment continues to improve and price heads north..

[scotty1] 10/7/2016 18:43

They would have saved a bit of pain re the share price if they had put that response out a straight away,the question is why didn't they?by the way TWs latest podcast on BMV is out on shareprophets

[tsmith2] 10/7/2016 17:18

Based on what company put out in response

[scotty1] 10/7/2016 14:21

Cannot for the life of me think why you would have gone long at this point tsmith,i sold at a small loss as in the past few days the whole situation with BMV as changed,still i wish you gl with your investment but for me there is now to much risk.