Bluebird Merchant Ventures Share Discussion Threads

[hazl] 19/6/2018 15:51

seems to be in an upward trajectory.....8-)

[tsmith2] 19/6/2018 15:49

Nice decent buy

[cool runnings] 19/6/2018 09:56

Before you consider the latest news from Bluebird Merchant Ventures (BMV) just consider that, at 2.8p-3p, the market cap is a paltry £5.36 million. Bluebird has more than one asset but focus on just one for now: Kochang, where it has now formalised a 50/50 JV with Aussie based Southern Gold.By September Bluebird will have spent the $500,000 it needed to earn in and there will be a feasibility study prepared. Bluebird will operate the JV and costs will thereafter be split equally. First gold should be poured by Q4 2019 and by 2023 output should be 100,000 oz per annum.At today's gold price that would be sales (net to Bluebird) of $65 million or c £47 million. Free cashflows would be at least $25 million PER ANNUM. Okay there are financing and project risks but, at the current market cap, you see why this could be the cheapest London-listed gold junior.The shares are a STRONG BUY at up to 3.5p (previous limit buy price 2.75p) with a revised (upwards) price target of 5p+ (previously 3.5p) to sell.

[hazl] 18/6/2018 13:45

ON THE VOX MARKETS TODAY

[digger2779] 13/6/2018 16:20

That's better.

[tsmith2] 13/6/2018 13:52

Some decent buying

[cool runnings] 13/6/2018 09:27

The market cap to the potentially this company makes no sense ! This should be nearer £20m market cap right now ! We will look back in a year from now when in production and wonder how they were ever this price I am sure of that ....

[hazl] 13/6/2018 08:10

looks good to me...........!

[overeager] 13/6/2018 07:13

So, we have a 50% owner of a likely 100,000 oz per year gold mine (plus another mine) valued at a market cap of £5m. Assuming £500 profit per oz we should make a profit of £50m pa - surely the current market cap is crazy low?

[tsmith2] 12/6/2018 23:23

Metallurgical results due anytime now

[hazl] 11/6/2018 11:08

.....yes patience needed I guess

[tsmith2] 07/6/2018 11:51

600k trade buy or sell? at some point. value will out!

[hazl] 26/5/2018 14:18

Cool runnings,thank you, I'm glad you posted up the relevant information again in 918.

I think a lot of people might not realise that we have assets in South Korea because of the out-dated information in the header.

I wonder if some poster would be willing to start a more relevant billboard?
I would do but my charts aren't always guaranteed to work!

[bo doodak] 25/5/2018 17:03

I fear for the UK. There doesn't seem to be any appreciation of the changes underway and the implications regarding wealth preservation and distribution.

Debt accumulation and low interest rates, a deadly combination for any nation/individual.

We just await the catalyst now, IMO it won't be anything expected, it will be from left-field and it won't be recognised until post-event.

[hazl] 25/5/2018 15:50

Yes, we live in greatly changing times, BO DOODAK and I am also mindful that both Russia and China are believed to have invested in Gold in recent years and then again there was the momentous news of the Shanghai Exchange being implemented,not generally noticed by the market yet.

IMO

[bo doodak] 25/5/2018 15:32

Hazl,

FWIW - If we were to get a liquidity crisis in the fall, its very likely that all asset classes will fall. This should include gold and miners (initially), as they are priced in $US and driven by paper gold ETF redemptions due to increasing margin calls and the run to cash.

Not hoping for this scenario but BMV should prosper even more should this occur.

[hazl] 25/5/2018 08:55

No offence taken CR but I have been interested in Gold shares for a long time.
The catalyst will be gold showing it's mettle....no pun intended but the signs are already there as gold shares are about the future and the charts are looking better in my opinion.

It doesn't hurt to give a over-view of where we are,it educates us all and just because you believe that the things I mention might be perceived as negative, others might not.

We want a balanced bb do we not?

[cool runnings] 24/5/2018 23:05

Hazl, I love your support for the company but I seriously still don't get your continual obsession with the gold price ! We are at the stage of proving concept , the gold price and it's pretty minimal fluctuations are irrelevant. No offence meant

[hazl] 24/5/2018 18:57

Rather more importantly.....Gold is well up....Trump news.

IMO

[cool runnings] 24/5/2018 09:19

Share prophets, reiterate BUY.....

[hazl] 23/5/2018 19:54

Well FED points at gradual rate rises,which is usually good for GOLD,
gradual that is.
I notice that gold is already in positive territory,so we might do better tomorrow.