Bluebird Merchant Ventures Share Discussion Threads

[tsmith2] 21/6/2019 08:08

Ill take any small delay if it means we are producing at $1400/oz v $1300/oz

[the deacon] 21/6/2019 07:57

I don't think we can accuse CP of not holding enough shares..

[nw99] 21/6/2019 07:55

Yes small £ but not all directors are rich

[rakepat37] 21/6/2019 07:50

With the board jumping on board it going to b good news ... I believe Aidan is heading to South Korea next week .... so good news is on the horizon .... we are sitting in a good mine

[the deacon] 21/6/2019 07:25

Good to see the board dipping their hand in once again..

[cool runnings] 21/6/2019 07:08

You can see now it wasn't ! As I said an interesting " buy" Colin adding in the open market

[digger2779] 20/6/2019 13:39

CR - I had that 500k down as a sell yesterday according to the prices I was quoted on dummy trades. Never mind it's in the price now and hopefully things will improve now that gold is going bananas.

[user2007] 20/6/2019 11:59

Thanks CR. It makes sense.But the overal volume since March has not been 11M shares but I guess not all SVS clients decided to sell.

[enter] 20/6/2019 11:37

Market cap on ADVFN hasn't been updated. Should be about £7.5m now.

[user2007] 20/6/2019 11:01

BMV Share distributionI just wanted to check who are the current share holders in more detal and found it disappointing that their web does not inlude this basic info.Also I dont see any regulatory news regarding holding % thredholds which should have happened following the recent placements and dept clearing.Is ir just me not able to find it?Cheers

[user2007] 20/6/2019 10:45

CR why SVS would be selling below 2.25p which I believe was the placing price in March. Also they got 11.1M shares so surely they have not managed to sell everithing bu now.... or are you referring to some other placing they paticipated in?Thanks

[the deacon] 20/6/2019 10:22

Some decent news with this gold backdrop would go down very well right now.

[enter] 19/6/2019 16:01

Weren't the new shares supposed to hit the market today? I don't see any sign of it yet.

[euclid5] 18/6/2019 20:50

one of the 380k trades was a cancellation

[digger2779] 18/6/2019 20:45

Was that really 3 lots of 380k sells all at exactly the same time? Most odd. If so I can never understand why they want to get rid just days before we hear about the licences and if good news then surely a rise in the share price

[cbeadle] 18/6/2019 15:17

I am not surprised we have a drop, but hopefully it’s short lived. I can’t imagine the directors benefiting from their loan conversations to BMV equity would be bailing out at these prices!

[rakepat37] 18/6/2019 11:59

Hopefully any buying will push up easily

[cool runnings] 18/6/2019 11:05

Looks like SVS sold their last bit 380k at 2p.

[rakepat37] 18/6/2019 07:39

All looking good here ... we will get permits soon I reckon and produce gold soon as well

[tim000] 17/6/2019 07:53

Interestingly, SAU believes its BMV JV commitments will be fully funded from the proceeds of its current assets sale. The proceeds from the rights issue are to fund a first round of exploratory drilling at other SK projects. That looks dubious to me. As cr has said in the past, SAU looks somewhat overstretched. They should focus on the JV for the moment, imo.

[tim000] 17/6/2019 07:50

The rights issue is fully underwritten. If I remember correctly, the warrants are exercisable at a 63% premium to the rights price.

[cbeadle] 17/6/2019 07:35

Big fall for SAU, the price is now below the rights offer, though I think there’s a warrant sweetener

[bo doodak] 17/6/2019 00:59

Rights issue announced by SAU

[cbeadle] 15/6/2019 19:10

It’s been really interesting at BMV. Years ago the requirement for additional equity was so often taken care of by simple rights issues, putting all the shareholders on the same footing. These days it’s so often placements which favour large shareholders and institutions.
This action at BMV could be promising as it is cleaning up the balance sheet, yet in a manner highly favourable to the board, giving them much more equity. It would look that they now have more risk, but I read it quite favourably, because if they simply found another institutional placement they would not be risking more of their own cash. The fact that they have swapped their chunk of debt for equity indicates they might soon expect good progress reflected in a positive outlook for the share price They are highly incentivised now to deliver real progress.
The lack of action in the market yesterday was promising, showing most holders are waiting for further developments. I would picture the directors would start selling some of their holdings to institutional investors, or having another placing if we related rapidly to 10p on positive news of gold production