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
  +0.00p +0.00% 2.25p 2.00p 2.50p 2.25p 2.25p 2.25p 86,281 06:41:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals - - - - 0.00

Bluebird Mer Share Discussion Threads

Showing 326 to 344 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
18/8/2017
09:02
At some point in near future sentiment will return to small cap gold stocks and with this being a very probable candidate for very near term low cost production should multibag
tsmith2
18/8/2017
08:36
Why would i pump a company with a market cap of 4m that never trades ? Please get up to date with where the company is and maybe we can have a discussion , until then keep shorting or whatever you're doing
cool runnings
17/8/2017
17:15
I am not in the pumping planet you are...
dros1
17/8/2017
16:32
Dros WTF planet are you on ? You're not even up to date on current events...
cool runnings
17/8/2017
14:45
get up to speed on the story...
tsmith2
17/8/2017
13:59
hxxps://www.shareprophets.com/views/28118/bluebird-merchant-ventures-what-are-you-hiding-in-the-interims-oh-oh-dear 29 March 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.
dros1
17/8/2017
13:57
this Is pump and dump stock, the company has no cash lot of debt, bought assets for $1m how can you put a value of £5m on it ?
dros1
17/8/2017
12:57
Plenty of news to come here , totally the wrong price
cool runnings
17/8/2017
09:13
solid buying
tsmith2
16/8/2017
08:17
quietly. v soon they will sampling pillars.could become an operational mine with v v low capex and v healthy margins v quickly
tsmith2
16/8/2017
07:24
v good news.
tsmith2
14/8/2017
11:23
S Korea is not a high risk location, it's on a par with Japan, actually even beyond.
novicetrade68
14/8/2017
11:04
don't forget the gold mine is in S Korea, very high risk location
euclid5
14/8/2017
09:21
With POG rising and newsflow in near term here. This could move very nicely over the next few months...
tsmith2
07/8/2017
15:29
Yes, I'm expecting good news flow. Philippines may surprise too.
tsmith2
31/7/2017
16:41
Management seem to be v keen about South Korea...underplaying/stating it for now
tsmith2
30/7/2017
09:17
Support of the locals and government should make obtain permits etc straight forward. big advantage. Wonder if they are even able to source grant funding?
tsmith2
28/7/2017
15:47
AND UP SHE GOES
falia
28/7/2017
15:46
CANNOT BUY ANY
falia
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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