Bluebird Merchant Ventures Share Discussion Threads

[bernieboy] 11/5/2022 17:17

Looked more closely, rollover I guess.

[bernieboy] 11/5/2022 17:14

Big buys today and the price marked down. Hmmmmnhhhh......

[gb904150] 27/4/2022 13:28

I agree the Align story is spun favourably but you would expect them to do that. I like your scepticism doyourresearch. Always good.

I guess the salient point would be whether Colin Patterson (CEO) and Charles Barclay (COO) exited for a multiple of their investment which is what the piece implies.

At the very least if the Apex mine mcap is currently $180m as Moneymaker says and CP and CB acquired it for $7m then it does show they have an eye for a good deal whether they were the ones who sold it or not.

[moneymaker2015] 27/4/2022 12:11

You can’t really say “means nothing” as that’s not representative of what actually happens.

When a listed company receives an offer, the market cap of the company tends to navigate to somewhere around the value of the offer. You can use Apex as an example of this in that it’s mcap is currently $180m, matching that of the received offer, a huge increase on its $7m mine purchase price.

As it wasn’t exactly tabloid heading news and no deal followed, I imagine there will be little or no information available on the offer. Unless it gets a mention in the 2011 accounts.

For shareholders though, should BMV follow suit with Apex, any positive offer would likely have a positive effect on the mcap of a company. This would increase the value any shareholding, regardless of whether an offer is accepted.

[doyourresearch] 27/4/2022 10:31

That's because it never happened. "Received an offer...." means nothing if the deal wasn't done, and it wasn't

Align are disingenuous, using language to encourage the short-sighted into believing that BMV is an Apex Mk2 exit when there wasn't even an Apex Mk1 exit

Remember that Align hold a significant stock position in BMV so it's very much in their interests to get the price up

[tommygunn21] 27/4/2022 09:55

You are just repeating the Align research note. Please send me a link detailing this transaction because I can't find it anywhere on the net.

[captain_kurt] 26/4/2022 15:09

In 2010 Colin Patterson (CEO) and Charles Barclay (COO) acquired for $7m the Apex Mine (Philippines). 2 years later received an offer for $180m from a major. Bluebird bears all the hallmarks of being Apex Mark II.

[tommygunn21] 26/4/2022 14:45

I keep asking this question and NO ONE can give me the answer.

[tommygunn21] 26/4/2022 08:59

Which mine was that?

[captain_kurt] 26/4/2022 07:22

Excellent news.The previous reopening of an old mine project this mining management completed....they sold the mine for a 10 bagger.

[richie666] 24/4/2022 16:22

Dont argue with stupid entities Kurt. Partic hate filled ones with agendas.Anyone that can understand plain English can see its a fixed subscription at 2p for 100m shares!

[captain_kurt] 23/4/2022 19:48

nope.the loan is not convertible.

[terminator101] 23/4/2022 15:56

Hilarious mate, you are getting confused. The company can "issue" the shares for whatever price they want, but they are sold on the market for whatever the shareprice is on the day. The note is not that clear on what proceeds the company get, so if they sell for less than the issue price then that's all the cash the company gets.

[richie666] 23/4/2022 12:03

Wrong. The price for issuing shares is fixed at 2p. The company cannot issue at a lower price.

Next lie?

[terminator101] 23/4/2022 07:03

Tommygunn21 is 100% correct, this is death spiral finance. Its exactly the same type of finance package that was given to WSG dressed up as some kind of innovative finance. But the bottom line is that the money comes from selling issued shares into the market. If the price is less than 2p (which it already is) then the company will get less money than they anticipated and will have to issue more shares at the end of the term. People get distracted by the waffle about gaining a share of the profits from the sale of shares above 2p.

[richie666] 22/4/2022 13:05

BMV has a fixed amount of shares they can issue in a year as a Standard List company. Financing is for a fixed amount of shares at 2p.Stop spreading untruths or outright lies

[tommygunn21] 22/4/2022 09:18

Death spiral finance. Stop being so blinkered here.

[captain_kurt] 13/4/2022 07:57

5M buy reported after hours yesterday
Even if all the options were to be exercised, BMV’s issued share capital will still be fairly low in comparison to many other producers. The main thing is that the finance is being received imminently, allowing things to finally move forward.

[doyourresearch] 12/4/2022 16:05

All that talk of Auric's non-dilutive financing feels a long time ago doesn't it? They are now going to "reactiveate" the relationship with Auric. Why didn't they just ask them for finance. Or perhaps they did and Auric said no?

As a shareholder, three questions you should be asking yourself:

1) Why were 13,003,268 shares issued as part of this financing when the financing is Debt with a Warrant attached. There is no mention of shares being subscribed for or issued in the main part of the RNS, only in the summary

2) Why aren't the 100m Options at 2p summarised in the final paragraph? The shares above and warrants are detailed but the Options (which are massively more in quantity) have been left out

3) Who is providing the finance

£650k finance and the holders of all these shares, warrants, options stand to make £1.3m for every penny increase in the share price from 2p

[dan de lion] 12/4/2022 15:52

I would have thought that there are not very many shares that can be sold at this level and be making a profit.

[go2nc] 12/4/2022 15:52

Thanks SherlockBy any chance did you notice lots of gold coming out soon too?

[euclid5] 12/4/2022 15:03

Lots of dilution coming here with all the share issues for the funding package - 683m so far

[rakepat37] 12/4/2022 14:56

Great news today

[digger2779] 12/4/2022 12:33

Terminator - Finance always comes at a price. They are not going to say "We will take all the risk but here's 5 million at 2% interest to jolly things along". They are taking a punt which is what I and quite a few others are doing. Beats premium bonds if that's your bag.

[overeager] 12/4/2022 11:26

That looks like a decent funding package and clearly there is now impetus to get moving. If they can finally pull this off this could well be a serious multi bagger.

Fingers crossed.