Share Name Share Symbol Market Type Share ISIN Share Description
Bluebird Mer LSE:BMV London Ordinary Share VGG118701058 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.125p +6.67% 2.00p 1.75p 2.25p 2.00p 1.875p 1.875p 367,915 09:59:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals - - - - 0.00

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Date Time Title Posts
29/6/201709:08BLUEBIRD MERCHANT VENTURES283
10/4/201707:08Bluebird Merchant Ventures5
10/7/201613:50BLUEBIRD MERCHANT VENTURES3

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Bluebird Mer (BMV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:15:391.7532,455568.29O
11:12:041.7717,384307.70O
10:11:081.75250,0004,375.00O
09:39:021.9517,384338.99O
08:59:331.9550,692988.49O
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Bluebird Mer (BMV) Top Chat Posts

DateSubject
29/6/2017
09:20
Bluebird Mer Daily Update: Bluebird Mer is listed in the Industrial Metals sector of the London Stock Exchange with ticker BMV. The last closing price for Bluebird Mer was 1.88p.
Bluebird Mer has a 4 week average price of 1.75p and a 12 week average price of 1.65p.
The 1 year high share price is 4.63p while the 1 year low share price is currently 1.55p.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Bluebird Mer is £0.
29/3/2017
09:49
dros1: This week’s strategy update from Bluebird Merchant Ventures (BMV) reminded me that I meant to go searching for its interims as it had done that really annoying thing that rubbish companies do in not actually putting the interims in the RNS, but merely putting a link to the website and then it isn’t actually on the website till later. Having finally tracked them down, I now realise why the company wanted to hide them away as they make horrific reading. Where to start? I should remind you that this only came to the market (Standard List, obvs) in April 2016 and should have had 12 months funding at that time, although to be fair, it did flag as a risk that it would need more funding after a year. Also, it must be said it hasn’t had the best of luck. When it came to the market, its flagship project was the Batangas gold project in the Philippines and almost immediately, mining projects in that part of the world started to look a bit ropey. It then bigged up its copper concentrates trading opportunity although that had gone a bit quiet since last July. That’s enough background, let’s have a look at the half-year numbers to 31 December 2016 that one can access HERE. Batangas write-down – significant write-down in the accounts of the value of the project and plenty of warnings about a potential inability to fund it going forward. This has been superceded to a certain extent by this week’s announcement which states that it is not planning any major expenditure in the Philippines this year due to the uncertainty in the mining sector. Copper concentrate trading stalled – no real mention of it; one line states that ore trading has been stopped while the mining sector is so unsettled. It does state that it has written off the loan of $205,000 due from its copper concentrate supplier though which doesn’t sound very encouraging. Looks like they generated $50,000 revenue in the year from it though, with a cost of sales of a similar amount – wow! Wreck of a balance sheet – all the cash has gone. As at 31 December 2016, the cash balance was $25,000 and the net current liability position was $233,000 with a further $590,000 of non-current liabilities. This week the company announced that it is planning to get involved with two South Korean mines with ASX listed Southern Gold. Great - all it needs is $1 million and A$500,000 to get its 50% share. So, in summary, it has no real business in the Philippines at the moment, has no cash, its debts are piling up and it now has to find a new load of cash for these new assets. To play safe, it probably needs to raise close to £2 million to get those assets, pay its bills over the next 12 months and sort out its balance sheet. Its current share price is around 2p valuing the business at £3.8 million. Hmmm, I accept that there is some inherent value in Batangas but I’m not putting much value on it right now. One should remember that its old partner sold it 75% of it in December 2016 for 1.25 million shares in Bluebird and a 1% royalty, a pretty negligible sum. With the copper concentrate trading on hold, what are people actually putting a value on? Personally, I wouldn’t buy at 1p, particularly as a massive placing is necessary. If you do like the story, just contact the new broker, share price Angel, and get in the placing instead which I assume will be at a significant discount to the current price. - See more at: hxxp://www.shareprophets.com/views/28118/bluebird-merchant-ventures-what-are-you-hiding-in-the-interims-oh-oh-dear#sthash.UnsrgAY7.dpuf
28/3/2017
22:33
euclid5: plenty of future dilution though ! Momentum Resources will be issued up to a total of 80 million shares based on the following project milestones: 8 million shares upon Bluebird executing the agreement with SAU; 8 million shares upon Bluebird making the first placement in SAU shares; 8 million shares per project for achieving positive feasibility to enable the project to enter the production phase; 50% of the remaining balance of shares upon the project funding the construction phase; The remaining balance of shares upon the project upon commencing production i.e. pouring first gold. Two further milestone payments of USD 1 million each will be paid in shares once the company achieves a 90 day VWAP share price of 6p and a 90 day VWAP share price of 10p. http://www.investegate.co.uk/bluebird-merchant--bmv-/rns/strategy-update-and-new-acquisition/201703270700085382A/
07/3/2017
10:09
tsmith2: This is what we are looking forward too..Bluebird Merchant Ventures (EPIC:BMV) (Bluebird or The Company) announces that it has received a letter from a company with an unsolicited offer that proposes injecting new capital into Bluebird at a premium to the share price in order to acquire a controlling interest in the Company.The Board of Directors will engage the interested party, however discussions are at a preliminary stage and may or may not lead to a completed transaction. The Board expects to update the market in due course.
05/11/2016
20:33
dros1: 1) administration cost for the last 12 months was $778k which is $65k a month so if at the of June they had $258, now they have only around $65k of cash. 2) the copper trading business is done by a company called White Tiger Mineral Resources but bmv are not in control of this company as they only have 40% of this business, Aidan Bishop Founder & Executive Director controls nearly all the rest of it. so you would expect Aidan to pay his share of the cost but what he is doing he is took a loan of $200k last year, and a salary of $137k. 3) I made a mistake investing in this share by following blindly TW. is it possible that he is not so clean about is share recommendation? how could he recommend buying this at twice of the current share price? 4) on page 76 from last report a company called Pizza man company Ltd received 260K shares as payment for service to company. I cant find any information of this co.
19/10/2016
16:12
harrissen: Number : 2345M Bluebird Merchant Ventures Limited 11 October 2016 Bluebird Merchant Ventures LTD (the "Company" or "Bluebird") Unsolicited Offer Received Bluebird Merchant Ventures (EPIC:BMV) (Bluebird or The Company) announces that it has received a letter from a company with an unsolicited offer that proposes injecting new capital into Bluebird at a premium to the share price in order to acquire a controlling interest in the Company. The Board of Directors will engage the interested party, however discussions are at a preliminary stage and may or may not lead to a completed transaction. The Board expects to update the market in due course. Enquiries: Bluebird Merchant Ventures Ltd +63 917 8615 604
11/10/2016
13:29
scotty1: 11 October 2016 Bluebird Merchant Ventures LTD (the "Company" or "Bluebird") Unsolicited Offer Received Bluebird Merchant Ventures (EPIC:BMV) (Bluebird or The Company) announces that it has received a letter from a company with an unsolicited offer that proposes injecting new capital into Bluebird at a premium to the share price in order to acquire a controlling interest in the Company. The Board of Directors will engage the interested party, however discussions are at a preliminary stage and may or may not lead to a completed transaction. The Board expects to update the market in due course. Enquiries:
21/7/2016
08:50
tsmith2: 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..
04/7/2016
10:49
scotty1: By HotStockRockets | Monday 4 July 2016 hxxp://www.shareprophets.com/views/21945/bluebird-merchant-ventures-now-trading-arm-is-working-and-we-can-reveal-it-is-dealing-with-glencore-buy Earlier last week there was cracking news on the Batangas gold mine which - on its own justifies a multiple of the current share price. But now we have confirmation that Bluebird's (BMV) copper concentrate trading operation has banked its first cheque. More will flow and quickly. 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. -
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