Bluebird Merchant Ventures Share Discussion Threads

[cool runnings] 05/8/2020 10:45

Who knows ? I'm reading what you're reading

[dreamtwister] 05/8/2020 10:43

Was their a private south korean entity ?

align know before a offical RNS............Mmmmmnnn

[andy] 05/8/2020 10:42

cool runnings5 Aug '20 - 10:23 - 2169 of 2171 0 0 0

It hasn’t been released by the company yet, however I’m guessing align have been put in the loop.

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So it would appear, so are Align now officially informing the market of material information rather by RNS?

[dreamtwister] 05/8/2020 10:29

cool runnings ratings has been up graded from being thick to being Dense,

coolrunning this is not the time for guessing ! it is time bluebird came clean.

[dreamtwister] 05/8/2020 10:25

exactly annie1982 the company is value`d on gross profits ! "eps"

[cool runnings] 05/8/2020 10:23

It hasn't been released by the company yet, however I'm guessing align have been put in the loop.

[andy] 05/8/2020 10:17

cool runnings5 Aug '20 - 07:51 - 2160 of 2167 0 4 0

“Recently, Bluebird gained a binding agreement for a US$5-20 vm gold streaming style deal to fund reopening its gold mines.”

What do align know here ? Game changer

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What do Align know that BMV have not released to the market do you mean?


If it was, do you know when because I don't recall seeing it?

[annie1982] 05/8/2020 10:12

I found this when googling about how mining projects are valued. Doesnt seem to have anything to do with market cap

[dreamtwister] 05/8/2020 10:06

eucid5 imn working for the investors.

bo doodak nice stretch of the imagination ! $5m>>>>>>>>>>>>>>.$20m

the big question how can they confirm the numbers quoted ?

the auditors have not produced offical figures as yet ?

plus the forcasts and the price of gold to be priced in the valuation

sorry to say but i think your Spirit bubble is offset.

as the price of gold rises the value of the assets gets pricer

[annie1982] 05/8/2020 10:05

Given that southern gold dont want to fund any further I wonder if Bluebird will just offer them a royalty or pay from the mines producing. It is a bit rich for them to expect money now and they dont want to pay to get the mine producing.

[bo doodak] 05/8/2020 09:53

Interesting details in the note about the specific nature of the proposed $5M-$20M funding deal, but that it could be up to a higher limit of $20M.
All that matters for now is whether BMV can limit dilution to purchase the SAU 50%.

[euclid5] 05/8/2020 09:51

DreamT, wonder if you are working for a competitor, or even SAU - based on your constant negativity posts ( nothing wrong with that) as it's good to challenge other investors - or look at things from different angles.

Do you have anything even the slightest positive to mention, even after any warrant dilution or possible fund raise to buy up SAU's 50% wi.

I guess there 2 gold assets don't have any real value or NPV values and its just another dead duck small cap listed company that will go to the wall - backed by dodgy BoD's that keep raising & taking high salaries & gets pumped & dumped regularly?

Wellcome your reply

[cool runnings] 05/8/2020 07:51

"Recently, Bluebird gained a binding agreement for a US$5-20m gold streaming style deal to fund reopening its gold mines."What do align know here ? Game changer

[cbeadle] 05/8/2020 07:39

That’s an amazing report, WOW! Getting into production is taking time, but it looks like the best is yet to come.

[cool runnings] 05/8/2020 07:11

34p target

[dreamtwister] 04/8/2020 19:10

precious metals have spiked on the usa markets.

silver has broke the 25$ resistence imho will tip 30$

[andy] 04/8/2020 17:21

annie19824 Aug '20 - 09:34 - 2153 of 2155

Or the 4m is earmarked for exploration or what is left of it

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That just doesn't make sense when Southern Gold already had the funds in the bank, and upon commencement of production, would have received more than those funds back, and made a profit on an ongoing basis, with which to fund their exploration projects.

[euclid5] 04/8/2020 14:55

Either way its a positive move

[dreamtwister] 04/8/2020 10:19

patterson is backing himself,he previously relinguished exercising warrants

which caused the share price to drop then he brought on the open market at a

discount,his recent activity post "2149" prior to the recent news from sau.

21 june 2019

Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group, today announces that 4,000,000 warrants at 4p expired on 18 June 2019, and a further 2,060,000 warrants expired on 20 June 2019.

Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group, is pleased to announce that Colin Patterson, Executive Director and Chief Executive Officer of Bluebird, bought 500,000 shares on market at 2.01 pence on 19 June 2019 through Kensington Trust Singapore Limited, whom he is associated with.

9 july 2019

Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group, is pleased to announce that Colin Patterson, Executive Director and Chief Executive Officer of Bluebird, bought 65,000 shares on market at 1.94 pence on 5 July 2019 and a further 65,000 shares on market at 1.89 pence on 8 July 2019 through Kensington Trust Singapore Limited, whom he is associated with.

18 june 2020

Kensington purchased 1,253,497 shares from Momentum Resources ("Momentum") that formed part of the shares issued to Momentum as a result of the Exercise of Warrants that was announced on 18 June 2020. Colin Patterson has a minority interest in Momentum and therefore is considered a related party.

[annie1982] 04/8/2020 09:34

Or the 4m is earmarked for exploration or what is left of it

[andy] 04/8/2020 09:29

annie19824 Aug '20 - 08:38 - 2148 of 2151

So looks like A$4m has already been spent on exploration. Makes sense then.

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Really?

I suggest you check their public filings before you make such statements.

[andy] 04/8/2020 09:28

cool runnings4 Aug '20 - 07:22 - 2144 of 21500 1 0

Andy, you’re missing the point . He said they were funded as they do have cash available . However they didn’t want to spend the money on developing the mine to production.

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That doesn't make sense, as the money required to achieve production would be returned very quickly, and then he'd have an ongoing income stream to fund further exploration.


I think the disagreement is more than that personally, unless SAU think they can realise a quick win given the market value of BMV in London, as Bluebird can hardly low ball offer them a fraction of the value the market is currently giving to their own shares.


I think SAU should have joint listed in London a while ago, and would have achieved greater recognition for their assets and exploration potential. I still think they should spin out their 50% into a newco and list it here, where the market would give it the same value as BMV.

It would be madness in the extreme to short change themselves by giving their 50% to BMV for less than its value, and I doubt they will want BMV paper either, as that won't fund an exploration campaign.