Bluebird Merchant Ventures Share Discussion Threads

[bo doodak] 01/5/2019 18:19

Joint broker appointments rarely signify good news for existing holders.

[the deacon] 01/5/2019 16:26

Lol, 2.02 to buy, 2.03 to sell

[digger2779] 01/5/2019 16:23

When I saw SVS were involved it rang an alarm bell from way back when but I couldn't pin point which dog of a share I owned at the time. Still can't recall which one as I've owned so many but I do remember someone saying that they are no better than a bucket shop operation. So reckon we are screwed until they have got their pound of flesh.
Thought our management were more astute than this but it would appear not. Let's hope our management don't involve SVS in any future fund raising and stick to what they know best.

[rakepat37] 01/5/2019 16:20

I thought U meant today ... March placing was only a small placing in which directors to most of it

[the deacon] 01/5/2019 16:14

18th March RNS

[rakepat37] 01/5/2019 16:11

Am I missing something ... what placing

[the deacon] 01/5/2019 16:08

Yup, most likely

[cool runnings] 01/5/2019 16:07

SVS are a seller ! So I think working an order

[the deacon] 01/5/2019 16:05

Agree with your sentiments regarding the placing though. Definitely could have been conducted better

[the deacon] 01/5/2019 16:05

Agree with your sentiments regarding the placing though. Definitely could have been conducted better

[the deacon] 01/5/2019 16:02

Actually, I just tried a dummy buy and I'm getting 2.025 to buy, so they might not be sells after all ..

[the deacon] 01/5/2019 15:56

Who on earth is selling at this price..??

[cool runnings] 01/5/2019 07:41

What ?Seriously on that basis every exploration company would be worth zero until it had permits in place , what a silly comment

[highly geared] 30/4/2019 22:51

2023, producing 80-100k oz per annum. Let’s assume gold at $1500 then with AISC low at $500 per oz due to low mine set up costs.
With potential of $1000 net per oz , 50% share of 80k oz is 40,000 x $1000= $40 million. Even with a low PE of say 4-5 to reflect conservative life of mines, $160 million market cap might be possible in a frothy market. £125 million market cap in 2023 is 25x current market cap.
Unlikely to produce until Q1-2 2020 in my view. Hopefully 4-5x upside at that point but big money made with a 3-5 year timeframe if the gold is there.

[bo doodak] 30/4/2019 22:50

For me the 10k oz pa is just the start of the journey. Hoping to have a nice dilemma, assuming they are able to utilise cashflow to show real and significant progress is being made towards 100k pa by year 5, in tandem with a rising gold price as the effects of MMT policy gvts will surely adopt soon start too impact.

[rakepat37] 30/4/2019 22:02

For me it's 2019, quick gold to market and a lot of shares held by directors along with South Korean backing - this is the reason I invested - not sure where u get 2023

[highly geared] 30/4/2019 20:25

Because until the permits are granted, the mines(assets) are worth zero. The market value currently reflects ‘hope’. As soon as permits are granted, there is tangible value with fuller value to be realised by finance to redevelop.

Buy and hold for where you think this will be in 2023 and where the gold price is likely to be.... I’ll be surprised, if everything goes to plan, if we’re not 10 x current levels by then but people need to chill and let this unfold...

[cbeadle] 30/4/2019 20:04

I agree rakepat37, I cannot understand why we are still just above 2p, especially as there’s an experienced team at Bluebird who have delivered in the past.

[rakepat37] 30/4/2019 18:21

Look at greatland gold at 1.5p and 3 billion shares in issue ... and they have nothing dug out the ground .... surely we should b in the teens

[bo doodak] 30/4/2019 17:31

Indeed, what's a few short weeks even if there is a slight delay. Looking forward to the potential re-rate when it comes.

[rakepat37] 30/4/2019 17:22

Hopefully we will get news within a few weeks then we hopefully re rate and then 6 to 10 months to production of gold . South Korean government wants gold and are fast tracking bluebird

[bo doodak] 30/4/2019 17:13

Investor expectations are being lowered in anticipation of final confirmation. At least that's my interpretation, happy to differ.

[rakepat37] 30/4/2019 16:57

No he hasn't , nothing confirmed

[bo doodak] 30/4/2019 16:13

Its all about reaching that credibility threshold crossover still, and posting too many optimistic targets, hinders that process. AB has as good as confirmed now that likely first production date will slip somewhat.