Bluebird Merchant Ventures Share Discussion Threads

[tsmith2] 06/7/2016 10:06

Another pump ahead of bad news?

[scotty1] 04/7/2016 10:49

By HotStockRockets | Monday 4 July 2016

hxxp://www.shareprophets.com/views/21945/bluebird-merchant-ventures-now-trading-arm-is-working-and-we-can-reveal-it-is-dealing-with-glencore-buy

Earlier last week there was cracking news on the Batangas gold mine which - on its own justifies a multiple of the current share price. But now we have confirmation that Bluebird's (BMV) copper concentrate trading operation has banked its first cheque. More will flow and quickly.

The company states that it has received payment from the smelter for the initial test shipment of copper concentrate that is in line with management expectations. It adds that the construction of the laboratory and other improvements at the processing plant is on schedule and nearing completion and it expects to renew the agreement with the smelter and to commence making regular shipments from the month of July.

So we have proof of concept now we are set to see real cashflows which, again, on their own more than justify the current share price. The release does not say who the smelter, the partner, is. But we have discovered that it is a company called Pasar which is 80% owned by Glencore. So this is a real blue chip partner.

As the market starts to appreciate what is going on we expect a massive re-rate. The stance at 4p and at up to 4.625p is buy with a target to sell of 8p within months. This really could almost double in good time if you buy today.

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[scotty1] 01/7/2016 12:08

Seems the smelting partner is a company called Pasar which is 80% owned by Glencore,now thats got to be good news ;))

[dros1] 01/7/2016 09:40

new board for red mining hxxp://www.redmm.com.au/wp-content/uploads/RMX-ASX-Announcement_Results-of-EGM_1-July-2016.pdf

[purple11] 30/6/2016 13:24

most likey the poster is onion,on lse

Orion10 is a chap called Ken Watson, he has approached me and asked to facilitate a deal with BMV. Basically wants BMV to buy his asset in Australia. He's talking it down to pressure us, ignore him

[purple11] 30/6/2016 10:41

interesting response from Bluebird to shareprophets poster.



Bluebird • 2 hours ago





Red Mountain do not have a single 30% shareholder and they have made no statements about selling the project.

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balasubramian • 3 hours ago





why no mention of the fact that the JV partner (Red Mountain) BOD may be removed by a 30% shareholder and the Batangas Project sold off

[purple11] 30/6/2016 10:28

taken a few gla

[2vdm] 30/6/2016 09:12

I agree. share price does not reflect cap value, so should react quickly to good news.

[scotty1] 30/6/2016 08:09

RNS out looks like a AIM stock that actually delivers what it says ;))

[mikeh30] 28/6/2016 15:57

https://mobile.twitter.com/RedMountain_ASXWorth keeping an eye on

[bernieboy] 13/6/2016 18:16

Nice rise into the close today.....

[bam bam rubble] 26/5/2016 19:31

The Australian joint owner of BMVs project looks to be valued at £2m and doesn't
have to fund any costs for a few years. Why does BMV have a market cap of £7m?

[dros1] 26/5/2016 18:08

"White Tiger Mineral Resources Inc is currently the main operating company of the Group. It provides logistical and other support to the
Group’s copper concentrate trading business in the Philippines. "

Now, BMV control only 39% of WTMR the rest is held by an associate of Aidan Bishop I belive its this lady hxxps://ph.linkedin.com/in/joylyn-bishop-07799862

[scotty1] 26/5/2016 12:57

These are sooooooo cheap,when people latch on watch it go ;))

[scotty1] 24/5/2016 08:39

Batangas on the “fast track” after Bluebird cash injection
May 24th, 2016 | by finfeed

Red Mountain Mining (ASX:RMX) says work at the Batangas gold project in the Philippines will be put on “fast track” after it finalised a long-awaited deal with Bluebird Merchant Ventures.

Now that Bluebird has finished its listing process on the London exchange, it has paid RMX a total of $US1.7 million ($A2.35 million) in exchange for 25% of the project – effectively valuing the project at about $A9.3 million.

In addition, Bluebird has paid interest and costs accrued by the Batangas JV totalling roughly $A218,000.

The plan from here will be to complete a pre-feasibility study on the project, which is expected to take into account lower energy input costs due to the lower cost of diesel.

Then the JV will start drilling at the project to inform a definitive feasibility study, and then gain approvals from the Philippine government for permitting inputs.

RMX managing director Jon Dugdale told investors that now the Bluebird cash had been receieved, it was in a position to “fast track” the project.

“Now the Batangas JV is operational, and funded, we can bring together all the work over the past 12 to 18 months to fast track completion of the development studies and permitting,” he said.

About the Batangas gold project

The funding is going towards a definitive feasibility study and drilling at the Batangas Gold Project in the Philippines.

Total mineral resources at Batangas sit at 2.97 million tonnes @ 2.4 grams per tonne gold for 227,000 on an indicated basis, and 3.22MT @ 2.1g/t for 218,000oz on an inferred basis.

The Lobo area features 82,000 oz on an indicated and inferred basis – including the South West Breccia mine, which will be the first start-up mine at the project.

Free cash flow from production of the first 100,000oz is expected to be $45 million.

Capex at this stage is expected to be $15 million, a figure set out in a scoping study and feasibility update, but a definitive feasibility study would add more certainty around the numbers.