Bluebird Merchant Ventures Share Discussion Threads

[cool runnings] 28/1/2019 08:20

Morning , watch this space

[skyship] 28/1/2019 08:14

G'morning CR - is that comment about anything in particular, or just a general thought?

[cool runnings] 28/1/2019 08:11

All I can say is a potential WOW......

[the deacon] 26/1/2019 08:10

Yes agreed. I note that the VOX podcast host mentioned in his weekend show that he'd bought BMV stock this week, after his chat with Aidan. Clearly the more the story gets heard the more people will realise the value potential here. Bodes well for a rise in anticipation of permits being obtained by end of Q1.

[cbeadle] 25/1/2019 23:28

Highly Geared that will do no harm at all! A pick up in interest for exploration plays could ensue and BMV are beyond exploration companies. I think it quite likely that the best gains in the share price could come in anticipation of promising developments , rather than developments themselves.

[highly geared] 25/1/2019 22:55

Gold through $1300. Things starting to warm up....

[skyship] 25/1/2019 13:59

CR - Some of the Miton Group (MGR) funds are prepared to buy into small AIM speculative plays.

I don't know whether their remit extends to miners rather than (minors!), but I recall them dropping £500k into MWG this time last year (perhaps earlier). As a fund management group they tend to be more adventurous than their larger peers.

Also, it is not as though BMV doesn't have quite a persuasive story; though obviously it might be easier to make a placing once the permits have been received.

[digger2779] 25/1/2019 12:54

Tight spread. Now 2.3 to sell and 2.34 to buy. Not that I will be selling!!!

[tsmith2] 25/1/2019 12:13

Stale bull sells. Hopefully, will be cleared.

[cool runnings] 25/1/2019 09:52

Miton ? Please explain ? Thanks

[skyship] 25/1/2019 09:17

CR - quite so, they need to speak to Miton Group perhaps.

Incidentally, I've added to the Header the Blythweigh Business News interview with Charles Barclay which you posted yesterday.

[cool runnings] 25/1/2019 09:12

This has always been the issue, the holders and founders own a considerable amount and there hasn't been any new significant " cornerstone" investors since, once we can get someone to believe in the story and take a significant stake to back the management it will de clog the selling

[skyship] 25/1/2019 09:07

Agreed, nice to see a move better today. Rather surprising that there was no reaction to all that PR activity yesterday; I would have expected some real volume to have kicked in. Seems as though all of us are already at an allocation level we feel comfortable with.

[cool runnings] 25/1/2019 08:58

Even at 10p the market cap is £20m ish. Some things listed on the exchange with zero assets and false promises are significantly in excess of this . The value will show in time

[the deacon] 25/1/2019 08:48

Good start. Penny starting to drop? Got to be one of the biggest valuation disconnects on the market right now.

[cool runnings] 24/1/2019 15:46

https://twitter.com/blytheweigh/status/1088417816250863617?s=12

[tsmith2] 24/1/2019 14:28

Two stocks that have been blighted by stale/constant small selling that hope to see back at the end of this month - BMV and HEMO

[shieldbug] 24/1/2019 12:12

I would be very surprised if everything goes to plan here. We simply do not know if 40,000 oz per year is viable. However there is a lot in favour of this being a success. Everything above ground looks great, servicing, access, jurisdiction. Its below ground where the risk is - mines neglected for decades may have hidden costs and its unclear what the resource is after 50 years of mining. I am giving them the benefit of the doubt and there are two mines to add some diversification.

[highly geared] 24/1/2019 08:09

Let’s say for year 2021 the 2 mines are doing 40,000 oz, as part of a 5 year ramp up.
AISC, we don’t know but should be reasonable as we’re further developed existing mines.
Assume $750/oz and gold at $1250= $500/oz profit.$20 million profit split 50/50= $10 million to BMV. Assume low PE ratio as mine life indeterminacy unless they Jorc it to reserve status (unlikely). Say PE of 5 which implies $50million market cap or c. £40 million.
So, if it goes to plan and doesn’t dilute too heavily , there’s a path to 7-10x the current share price over the next 18 months. Equally, it’s all about the permits and whether debt financing can be secured...

[cbeadle] 24/1/2019 00:15

I just heard Aidan on the podcast, if he is half right, we won’t stay at 2p a share, it’s a case that hopefully the two projects move on well and BMV realise their long term value in the project

[the deacon] 23/1/2019 22:22

Yup. Will hugely derisk. Could be a near term catalyst

[cbeadle] 23/1/2019 22:12

The permit to mine from the Koreans will probably be instrumental in getting the share price moving, possibly another mining company joining Southern Gold and BMV

[the deacon] 23/1/2019 17:25

I thought Aidan came across very well in the VOX podcast. Very bullish, and good to hear him talk about the absurdly cheap market cap. The host, Justin, sounded very interested and surprised at the scale of potential here, so hopefully that'll garner more interest. Well done Aidan.

[skyship] 23/1/2019 15:35

homebrew - thnx for that link