Bluebird Merchant Ventures Share Discussion Threads

[alphorn] 20/11/2018 16:52

Sky - how do they obtain their revenues - fees for services, profit sharing? Do they take a piece of the mines that they re-open etc?

[tsmith2] 20/11/2018 16:00

need more volume

[skyship] 20/11/2018 15:08

Ttg – the auto charts for the header don’t include indicators I’m afraid. However, as a chartist I am likely to post as below from time to time. Interesting to note that the share price has broken the downtrend and the indicators are rising. Even more interesting is the close up of the Moving Averages; looks as though the 50day may shortly cross the 200day with both in rising mode – a bullish golden X.

If anyone is minded to average down / top up – then now might be the time to do so! If Gold continues to hold firm then this could well find itself included in the New Year tips.


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[hazl] 20/11/2018 10:15

Excellent thanks sky!
Working today so no time.

[ttg100] 20/11/2018 09:36

>> Sky - thinking about it - trying to find a bit more info on Directors

can you add volume to chart please?

[highly geared] 20/11/2018 08:39

Great grades! I make that c. 150,000 oz gold at the upper end of the estimate ( excluding silver) and this is just a small area of the mine.
Add the obvious huge benefits of simply reopening a mine rather than years of drilling and hugely expensive mine development, this is an interesting share to be accumulating, just at a time when gold will likely start to move north again.

[pj 1] 20/11/2018 08:35

How much will the drilling cost?

[hazl] 20/11/2018 08:35

I think this ought to be enough for a re-rate.


Well done team!

[hazl] 20/11/2018 08:34

Colin Patterson, CEO, commented:

"Once again our team have demonstrated that our strategy of reviewing old mines which were closed down years ago with the intent of reopening them has huge cost benefits when compared to a conventional exploration model. For a relatively small outlay the team have accessed safe and usable underground tunnels and generated huge amounts of geological and production information. Our primary goal is to rapidly and safely get into commercial production in the most cost-effective manner possible, to ensure the highest investment return for shareholders. We look forward to updating the market on any developments soon."

They are keeping costs to the minimum as well by the looks of it.

[bo doodak] 20/11/2018 08:32

Agreed, HG, it is very encouraging, and we are being given plenty time to accumulate. Maybe after metallurgy results, or drilling next spring more interest will appear.

[hazl] 20/11/2018 08:31

Argh not much time to look today........but looks good.
Thanks highly geared.

[bo doodak] 20/11/2018 08:28

Market is not interested yet.

''Our primary goal is to rapidly and safely get into commercial production in the most cost-effective manner possible, to ensure the highest investment return for shareholders''

[highly geared] 20/11/2018 08:26

Great grades! I make that c. 150,000 oz gold at the upper end of the estimate ( excluding silver) and this is just a small area of the mine.
Add the obvious huge benefits of simply reopening a mine rather than years of drilling and hugely expensive mine development, this is an interesting share to be accumulating, just at a time when gold will likely start to move north again.

[tsmith2] 20/11/2018 08:21

this story has a very long way to go. multibagger potential

[tsmith2] 20/11/2018 08:20

standard.they aren't messing about to prove up resources..first get into production - they know what they have in terms of mineable ounces make the numbers worth it - then later on drill to add to resources/prove up saves us a couple of years..these were functioning mining throwing off a decent amount of cash.v v cheap imo

[andy] 20/11/2018 08:09

tsmith,

Good news indeed, but always take note of the whole news release.


"Note to Editors

It should be noted that Mineral Potential is akin to Geological Potential, conceptual in nature, and there has been insufficient information to define a Mineral Resource or Ore Reserve as defined under the respective international codes. "

[tsmith2] 20/11/2018 07:55

Look at grades..

[tsmith2] 20/11/2018 07:54

You've got to like the news just out.a v small area!

[andy] 19/11/2018 22:35

hazl,

I din't say raising at a premium was bad, I was referring to the constant usage of the word "premium" in the RNS, that's all.


I thought it was tacky to overstate it, good people would have noted it the first time, so no need to keep repeating it.


The sum raised at the premium was fairly modest, but it's all good.

[tsmith2] 19/11/2018 17:55

Every little helps

[hazl] 18/11/2018 20:28

ABSOLUTELY.
It's not specific to BMV but more about general market sentiment and sentiment towatds
the sector.
Therefore to raise at a premium is good,to state otherwise suggests bias,to me.

[skyship] 18/11/2018 07:36

BD - Thanks, an excellent improvement - have added at the start of the Mining Projects section.

[andy] 17/11/2018 21:17

hazl,

Not covering myself at all, They raised a fairly modest sum, at a premium to the current shareprice, in a difficult market for current mining juniors.


The price hardly rose on the news, and fell slightly on Friday, hence my "market has discounted the news" comment, which looks accurate if you check out the price.


A low gold price is clearly not helping anyone, especially the gold juniors'