Bluebird Merchant Ventures Share Discussion Threads

[parsons4] 30/12/2019 09:22

Looking good if GOLD does as well as many are predicting then this could well be a multi-bagger. I am keeping every one of my shares !!!! Happy new year to all BMV investors

[highly geared] 30/12/2019 09:00

I like to think 2023, 25,000 oz net to BMV. $2000 clear operating profit per oz. $50 million, less G&A so let’s say $45 million. That’s c. £34 million. PE of 4-5 so let’s say c. £150 million market cap. 20 bagger from here for the patient....

[scotty1] 30/12/2019 08:55

Agree with you there nw99 👍

Paying full offer price now,will have to pay a premium for quantity so could be another tick up soon,looking very good 😉

[nw99] 30/12/2019 08:42

An average mining cost of $576 per oz On the basis of 10,000 oz production at a GOLD price of say $1477 per oz you have a gross profit of $9m say overheads of $2m so a net profit of $7m with a market cap of £8m. A potential 10 bagger here and production should begin in 2020.

[nw99] 30/12/2019 08:38

Not often you see a producer with this type of potential

[scotty1] 30/12/2019 08:15

Paying a premium now so could see further tick ups today,looking good.

[montynj] 30/12/2019 08:12

The CRB index has broken out so commodities are on the up..plus thus gold will increase and this will become a gold producer in 2020...it's not an explorer..so note this FACT

[scotty1] 30/12/2019 08:07

Buyers in early and online offer creeping up,could see a tick up soon.

[highly geared] 29/12/2019 23:17

Fast forward to late 2023. A scenario where gold is at $2500 + and BMV has 25,000 Oz share and they’ve proven up resource for a 10 year LOM. What price for BMV shares then?
50p a share probably sounds absurd. Just be patient and watch it unfold.

The next decade will see the biggest gold bull market ever. All the conditions are set up for it.

[thechinaman1] 29/12/2019 20:27

Yes, 3 down waves complete, and now if it breaks the resistance around 2.4, should be up and away.
TC

[chutes01] 29/12/2019 18:20

indeed, 3-4p soon by the looks of it.

[skyship] 29/12/2019 16:59

I would expect a follow-through tomorrow after that share price article

[skyship] 29/12/2019 16:34

free stock charts from uk.advfn.com

[thechinaman1] 29/12/2019 16:12

Appreciate the replies and I do see the case for investing. Wasn’t looking for bright and shiny, just basics.
Cheers
TC

[skyship] 29/12/2019 16:04

As per the Header...

[cbeadle] 29/12/2019 15:45

Southern Gold is www.southerngold.com.au

[skyship] 29/12/2019 15:01

Cbeadle - please post any worthwhile link and I'll add it to the Header

[cbeadle] 29/12/2019 14:58

I agree the website doesn’t show too much. The JV partner Southern Gold has a more extensive website detailing their exploration in South Korea. They might bring more projects to the table in the future and I like the look of them

[skyship] 29/12/2019 14:52

china -- loads of info in the Header...

[thechinaman1] 29/12/2019 14:29

And, re funding requirements, just to be clear, it is $1.1m isn’t it, not $2.2m? The JV partner takes up the other 50%, I believe.
TC

[thechinaman1] 29/12/2019 13:53

Hi. Interested in investing here. LTH in EUA and see similar potential here. Bit disappointed by the company website tbh. Wanted to find out what was covered in the latest AGM. Lots of blank pages. If they want serious investors, BMV needs to create a good impression and provide what are pretty standard details. ‘Corporate governance’, ‘Securities in Issue’, ‘Projects̵7; are all headings with nothing behind them! The last AGM circular is for 2017. Carping, you might say, but I can’t be the only one who likes to research companies I’m considering as an investment, and it would really help if the basics were available. (And, by the way, if you read my other posts you’ll see I am not a deramper.)
GLA
TC

[scotty1] 29/12/2019 12:59

Had some of these a good while ago but sold as i thought it would be a good while before the sp/company got anywhere.it would seem now is a good time to re invest,so i have 😉

[skyship] 29/12/2019 08:15

The Deacon - many thnx for alerting us to the share price tip