Bluebird Merchant Ventures Share Discussion Threads

[jestercat2] 03/8/2020 08:48

Wasn’t expecting that RNS, but I see it as good news.

[dreamtwister] 03/8/2020 08:39

good morning,

how much dollar to raise to buy southern gold percentage ?

back to penny land.....0.96ps:-)))

" In the view of Southern Gold management there are likely to be timing issues around county government approvals, notwithstanding a ‘Permit to Develop’ has been secured for both projects;

If a sale to BMV does not proceed, Southern Gold has the option to consider a sale (whether partially or fully) of its 50% interest in the Singapore JV companies to third parties or the possibility of listing or vending these joint venture assets (only) onto another stock exchange such as the Standard Segment on the London Stock Exchange for example. Discussions with third parties have already commenced and Southern Gold has made some progress on several of these options.

[montynj] 03/8/2020 08:23

Share could drift to 2.6 to 2.8p till there is 100% clarity

[highly geared] 03/8/2020 08:12

There’ll be an arbitration provision in the JV agreement.

[user2007] 03/8/2020 07:58

Potentially great news.What happens if our offer is not accepted and there will be no other bidder?

[bo doodak] 03/8/2020 07:50

Maybe the loan could cover some portion of the SAU 50% we are buying. That would be a result, but is that really likely

[cool runnings] 03/8/2020 07:45

Funding secured and potential ownership of 100% of both mines ! Win win

[bo doodak] 03/8/2020 07:32

Dreamtwisters discounted placing possibility comes into view, but that may be constrained by the standard listing 20% shares issuance condition (if I understand that requirement correctly)

[annie1982] 03/8/2020 07:29

Some analysts think gold is going to 3000 next year

[bittorrent] 03/8/2020 07:28

Sounds like Southern Gold are strapped for cash and making excuses to sell their half. Do they think their other projects in South Korea won't need these permits?

[highly geared] 03/8/2020 07:27

Outlaw; Andy , you mean.... yes, tiresome!

[annie1982] 03/8/2020 07:26

At 2000 dollar gold or above this is looking very good indeed

[bo doodak] 03/8/2020 07:26

Wasn't expecting that but at least we know the reason for the delay now.

I wonder if the prospective funder viewed SM as an unsuitable JV partner.

[highly geared] 03/8/2020 07:24

Great opportunity but means the saga continues so to speak. To have 100% of both mines doubles BMV assets, revenues etc. and it seems they have a debt backer to facilitate the purchase. Let’s see what others have to say. My only concern is a further delay to first production but I see gold above $2000 through 2021 and beyond.

[montynj] 03/8/2020 07:23

Seems great opportunity for BMV

[the deacon] 03/8/2020 07:22

This will work out better for BMV in the long run. The nearer term issue is with what do they secure Southern Gold's 50% stake..

[annie1982] 03/8/2020 07:21

Southern Gold dont appear to want production. Bluebird does. Great opportunity.

[outlawinvestor] 03/8/2020 07:20

Interesting development! IMO they should absolutely acquire SAU's interest.

I wonder what that tiresome fella who forever sang about SAU's readiness thinks now!

[glennborthwick] 03/8/2020 07:15

Sounds like crisis management

[glennborthwick] 03/8/2020 07:08

Not sure what to make of that then. Spanner in the works or great opportunity.

[andy] 31/7/2020 18:32

montynj31 Jul '20 - 07:27 - 2078 of 2080

RNS will be Monday I'm told

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By whom out of interest?

[dreamtwister] 31/7/2020 08:31

no thankyou.!