Bluebird Merchant Ventures Share Discussion Threads

[dreamtwister] 03/8/2020 14:25

the m/c is not the crictical control point, the earnings per share is the

denominator based on gross profit

[andy] 03/8/2020 14:22

JAsper,


Southern Gold were funded, see their previous news release.

[cool runnings] 03/8/2020 14:21

Why would BMV agree to that. Would be madness. I think Southern Gold are stuck. Even if they find a buyer they have to offer it to Bluebird to match! It's win win for BMV

[dreamtwister] 03/8/2020 14:20

southern gold are fully funded, metal tiger took a 17% interest

plus a wealthy aussie investor took further interest.

thinks the s/korean private entity has relinguished interests.

but the next rns from bmv will reveal the funding proposals.

they only have 45 days ? ? ?

[andy] 03/8/2020 14:20

Digger,


I agree it is simplistic, but as the market currently value BMV at £13.3 million for their 50%, it would be hard for them to make a lowball offer, as they would be sending the wrong signal to the market.


user,

Indeed it would, and they would gain the other projects.
But of course any bid would have to be at a premium, and how would BMV fund that?

[jasper2712] 03/8/2020 14:10

From Southern Gold's own website
"We are not afraid to joint venture to those that know what they are doing."
Doesn't say a lot for BMV !
Where are they going to get the money? They were struggling to get finance to get their half of the project up and running.

[user2007] 03/8/2020 14:02

Not following SAU but they might want to concentrate on other projects. Selling their 50% will bring some cash they need.Maybe they have fingers in too many pies ...Im sure some poeple here are invedted in SAU as well so thir view would be interesting.

[cool runnings] 03/8/2020 13:54

Because SAU don't have the money ! They would rather invest into exploration

[highly geared] 03/8/2020 13:48

Sell then Montyng.

[montynj] 03/8/2020 13:47

What I dont get is if the project is as good as BMV says then why would their jv partner want to pull out...something doesn't add up here ...

[user2007] 03/8/2020 13:34

It would be cheaper to take them over completly .... :)Just being half serious as not aware of the SAU details (e.g. debt )

[digger2779] 03/8/2020 13:31

Andy - I don't think it will be as simplistic as that. I know where you are coming from but BMV will be taking on all the risk despite AIM valuing the company at £13 million.
Another waiting game then. I've sold a few today to crystallise my profit but have kept half and await developments.

[andy] 03/8/2020 13:04

HG,


So if BMV are valued at £13,370,000 for their 50% of the JV, presumably that is the price they will have to pay Southern Gold to buy their 50% out?


Given that SAU are currently valued at around £10,850,000, that looks like a good result for their shareholders, does it not?

[highly geared] 03/8/2020 12:29

Lol! Like that Dreamtwister ! Let’s see how this plays out. I wonder what else “ left field” will emerge?

[dreamtwister] 03/8/2020 11:40

with the name of the lord his son & his holy spirit forgive

highly geared for his Ramping sins !

[andy] 03/8/2020 11:38

Surely the buyout price would be around the current cap of BMV?


Both parties have 50%, and I doubt BMV have much cash, when were the last set of accounts issued?

[highly geared] 03/8/2020 10:46

Read between the lines, BMV have backers to fund SAU buy out at reasonable price +to bring mines into production. Another “twist” but with gold set to be at elevated levels for several years , BMV having 100% ownership is the way to go, even if it adds 3 months timescales. The gold isn’t going anywhere..

[dreamtwister] 03/8/2020 10:44

The Company has held discussions with its funding partners who deem the prospect of Bluebird increasing its interest in the South Korean projects as very positive given the current price of gold and the robust project economics.

.....................................................................................

However, it has been agreed that this process needs to reach a satisfactory conclusion in order that the redevelopment can take place prior to the release of funding.

...................................................................................

bluebird have to raise before further funding from 3rd prty

so dilution of placings ! eps weakens share price tumbles ! predator hostile t/o ?

bluebird have 45 days ! recently exercised warrants so that option is void ?

further placings could take time to shift as investors get windy !

loan conversion notes "death spiral !

primary bid seems the alternative option as a get out of jail card ? thou a weaker eps

or a little shy of a penny, will be a comfortable entry point !

[montynj] 03/8/2020 10:17

I still worry about 26th may RNS, re funding, where it says "financing, if successful"..I've come across "if" used by so many other companies...we were all waiting for clarification of financing today ..granted southern gold complicated matters but the co could have at least told us what had been agreed re financing before today's news as we were waiting for this.

[king_baller] 03/8/2020 09:57

I think it’s definitely a long term positive to have 100 percent. Realistically, the plan is prove the concept, start making money, and get bought out at a high multiple of the current price in a few years.

Southern gold are a typical gold explorer, working for the benefit of management only. Where as BMV have been paid in shares and are aligned with shareholder value.

[bo doodak] 03/8/2020 09:56

AB hinted, IMO, in the recent TW interview, that they were working through timing issues related to the proposed debt funding due to coronavirus delays, making it difficult to agree the starting date of the debt repayments.

[dreamtwister] 03/8/2020 08:59

euclid5 put the report through your shredder:the report is history !

the monsoon is forcasted for a further 10 days @ 800 mililitres per day the torrential rain has caused

landslides.....sinkholes....& claimed life !

[andy] 03/8/2020 08:54

Euclid,


You are using a PT from a commissioned research report, where BMV compensated Align for their report.


Even broker price targets are always optimistic, and to be taken with a pinch of salt, but commissioned reports more so, IMO.

[euclid5] 03/8/2020 08:50

Align research PT was 12p just on the 50% so technically, 25p could be the new PT based on BMV owning 100%

[andy] 03/8/2020 08:50

HG, outlaw,

Well if you think Australian gold companies are soft, cuddly, warm hearted, and benevolent beings, you'll see this as "good" news.


I don't see this as good news at all personally, and the market currently seems to agree with me.


Funnily enough I suggested a while back to someone that SAU would be better divesting the project into a newco, and listing newco in London where it would have to achieve the same valuation as BMV, and that is mentioned as a possibility in their news release this morning!


"tiresome"? You don't have to read my posts........