Bluebird Merchant Ventures Share Discussion Threads

[andy] 28/5/2020 10:06

Devonlad,


I think they are VERY comparable.


Both companies have a 50% share in the JV, one is cashed up and waiting for the other to complete their portion of the finance, and also has other projects they can drill if they so choose, which is an opportunity, rather than an obligation!


And the one cashed up and waiting for the other is valued at half the one trying to raise finance?


Sooner or later the prices have to converge, surely?

[skyship] 28/5/2020 10:02

They need to get themselves an AIM listing...

[devonlad] 28/5/2020 09:52

If they have other projects then the two are just simply incomparable. The other projects might require funding for example, unless it is a one for one, it isn't an arbitrage opportunity. Couple that with the lack of liquidity on the Australian exchange, it makes it impossible to compare.

[annie1982] 28/5/2020 09:38

I think they are disgruntled generally from what I read

[andy] 28/5/2020 09:35

Annie,


I guess I should go and read there, but if their company is cashed up to go, and are simply waiting for BMV to raise their 50%, they may become disgruntled, but why with their own management?


Unless there is some agreement regarding a time limit to raise the cash, I don't see what the SAU BOD can do? They are drilling elsewhere to try and create some news whilst they wait, so not exactly sitting on their hands.


In Australia they are more focused on moving to production, as quickly as possible, than we are here, or in Canada even.

[annie1982] 28/5/2020 07:55

Reading the aussie bulletin boards the SAU shareholders seem disgruntled with the board, lack of volume and dilutions. Maybe that is why the valuation difference. The Bluebird story is just getting started while SAU shareholders sound depressed!

[rakepat37] 28/5/2020 07:52

Should hopefully head towards 5p by tomorrow

[andy] 27/5/2020 23:09

The gap between Bluebird and Southern Gold increased today.


Bluebird MV £17,450,000

Southern Gold £9,692,998 (Using market cap from HC)


I just can't understand why the difference is so great, and surprised that people aren't buying the arbitrage opportunity.

[bittorrent] 27/5/2020 20:31

Easwareddy if we get confirmation of funding then 5 or 6p should be doable. Wish I could buy a share and forget I had it until it starts moving up!

[easwarareddy] 27/5/2020 20:26

Got in this at 3p ages ago. Had forgot about it as didnt move in ages. Glad to see its finally on the up. When do many think 5 to 6p?

[bernieboy] 27/5/2020 14:42

Good to see people paying the same as I did a few weeks ago, (4.5).....

[devonlad] 27/5/2020 14:39

Yep, looking great, next move should take us to around 6p. Last two jumps have been around the 1.5p mark.

[c0lin1] 27/5/2020 14:07

breaking out isnt it?

[highly geared] 27/5/2020 13:15

Looking strong today. Perfect chart set up for a move north to 5-6p as finance draws closer.

[annie1982] 27/5/2020 00:35

It is all very positive what TW is saying

[cbeadle] 26/5/2020 21:19

I wonder if Metal Tiger might also look at helping BMV out as they already have backed SAU. It might be not so preferable though as they might want a bigger equity share stake and it could be too much dilution. However it could be highly synergistic.

[digger2779] 26/5/2020 19:38

dt - "aussie bucket shop" where would I find that?

[digger2779] 26/5/2020 19:12

post 1882..."honest question ? bluebird originally stated 5million loan from south korean

goverment !but now have declared the 5million loan is from a private entity."

Where was this stated that the govt would provide the loan?
BMV said there are a number of subsidies available in RNS 20th April.
RNS of 26th March states entered into a legally binding contract with a "South Korean Company" for funding.
Today's RNS says due diligence on funding completed.
Can't find any mention of funding from govt.apart from mention of subsidies.

It's difficult enough to raise money in this climate through the usual dilutive channels so I reckon a non dilutive route is going to be really tough to pull off.