Bluebird Merchant Ventures Share Discussion Threads

[highly geared] 18/6/2020 08:37

RNS, so the BOD have paid out £142k of their own money to exercise warrants with a declaration that they will hold the shares. Says to me that finance is in the bag and they intend to become wealthy as shareholders and directors of the business :-)

[dreamtwister] 17/6/2020 07:37

southern gold drill update.

[outlawinvestor] 16/6/2020 09:31

North Korea 'blows up joint liaison office' with South



Naughty!

[dreamtwister] 15/6/2020 07:38

Brilliant glad to be proved wrong,

edit: Bluebird has opened up three kilometres of original development, taken over 400 samples and has confirmed process viability by carrying out initial metallurgical test work.

So pending results from the 400 soil samples bluebird will confirm to the market

the assays."please forward the link of the results or the date of the Rns !

soil samples will give parts per-million-drilling will give grams per-ton.

one would think until the mine is made safe "h/s" at this stage drilling will not be viable.

plus drilling is a costly afair & until the funding is secured before the drilling Commences.

[annie1982] 15/6/2020 07:30

From what I read there has been historical drilling and plenty of sampling and assays that they have done.

[dreamtwister] 15/6/2020 07:01

lol cost too much money ? Witholding news will cost a lot of money !

5moz is speculative.

[andy] 14/6/2020 22:22

euclid,


It would probably cost too much money.

[dreamtwister] 14/6/2020 19:47

Bank of England to print £150 billion quantative easing !

[euclid5] 11/6/2020 18:45

why isn't the 5moz JORC resourced?

[dreamtwister] 09/6/2020 10:21

yes the low volume is taking its toll on clearing the overhang.

[cbeadle] 09/6/2020 08:44

The volume is minuscule but I am hoping it’s a good sign that the price recently has held the gains. Good there’s little selling and hopefully the prospects of further funding towards gold production should restart the upward progress

[andy] 09/6/2020 00:11

cbeadle,


He certainly has!


Every time I hear him speak I think of the film Groundhog Day....

[cbeadle] 08/6/2020 20:44

Rick Rule has been predicting this for years!!! I hope he is finally right

[dreamtwister] 08/6/2020 09:59

Massive Gold, Silver, and Commodities Bull Market Incoming: Rick Rule

[digger2779] 07/6/2020 23:55

That's some statement Casablanca!! "Play it once, Sam and We'll Always Have Paris"...

[casablanca4] 07/6/2020 23:19

dON;T INVEST dOG!

[dreamtwister] 07/6/2020 21:48

Edit: mtr admin error eoy results rns double posting 29/may/20 & 5/june/20
.

[cbeadle] 07/6/2020 21:23

Andy this is the unique opportunity Southern Gold is. The projects are priced currently as a negative because the belief is the extra projects will just consume cash without generating any return. Hopefully that is not the case

[slicethepie] 07/6/2020 21:13

Apparently some blogger on a site called shareprofits has written about bmv.

[andy] 07/6/2020 20:30

Devonlad3 Jun '20 - 11:17 - 1927 of 1939
0 0 0
Andy, is this Southern Gold's only project, do they have any other project that requires further funding and therefore dilution?

-------

Why do you ask a question you clearly already know the answer to?

Yes, they have got around 8 more projects if memory serves me correctly, and I believe they are drilling three of them now, whilst waiting for BMV to raise finance.


This is the ONLY mining related thread I have ever read where to have more projects is a negative!


Everywhere else, a company having more then one project is seen as a benefit, not a liability.........

[dreamtwister] 07/6/2020 19:14

With the start of mining not due until 2021, The private entity have plenty of

time to fulfill their commitment. thou bmv will need working capital.

Successful Placing of 19,400,000 Shares,march 2019.

26 March 2020, the Company announces that the 5,000,000 shares previously issued will be admitted to trading on or around 22 April 2020

[cbeadle] 07/6/2020 12:33

I would imagine there would be some sort of royalty deal, or maybe some warrants based on BMV share price. They have been good so far in minimising dilution unlike some mining development companies which dilute for fun

[digger2779] 07/6/2020 12:20

Just read the LSE post which alludes that KORES may have under estimated the potential.
I just wish the guys would get this funding sorted so they can kick start the project. Would imagine that the funding will include some sort of royalty payment to the provider and agreeing on this could be a stumbling block? Just hope they are negotiating with a reputable company and read the small print!
A cautionary tale....
I was invested in CMR 10 years ago and they had started mining in Columbia which was financed with a loan from some shysters called Bluecrest. Took ages to get the loan but for some reason the company directors and advisors either failed to pick up on a late payment penalty clause or let it remain. In order to make payment they were relying on selling the gold once it was poured. Anyhow there was a delay and CMR defaulted on a payment for a few days and the penalty was to hand over the mine to the financiers. Couldn't believe it but that's what happened!! That's AIM for you and the BOD weren't sued or taken to task leaving investors high and dry.