Bluebird Merchant Ventures Share Discussion Threads

[cbeadle] 04/7/2019 08:11

Surprised it’s marked down, 350k needed after a year isn’t exactly a lot, and the management have been very proactive. A good opportunity I think now

[rakepat37] 04/7/2019 08:01

So Only a month to go really for permits - not that bad ...

[shieldbug] 04/7/2019 08:00

When management says "our permit applications when successful will be the first permits to re-open a gold mine in two decades" this should raise flags that the bureaucracy to approve permits may not be completely in place. So not really surprised by this turn of events.

[highly geared] 04/7/2019 07:34

Morning
Good detailed review of the permit process which has perhaps been more complicated and protracted than first envisaged. Whilst nothing is guaranteed, I am optimistic the permits will be granted in August and whilst we won’t see gold production this year, we will in 2020. The gold price is aligning very nicely so happy to continue to hold and accumulate.

[cool runnings] 04/7/2019 07:33

Agreed on the dates and putting a time line on it , think they've realised this so won't be happening again! Rest all as was and transcript defo leading to believe permits will be soon. Could be an exciting twist brewing too

[the deacon] 04/7/2019 07:28

Mixed bag there. Confirmation that no dilution coming prior to the permitting being granted is positive. Shame the permitting process is taking longer than anticipated. This is where the board shot themselves in the foot. I accept the the SK gov are moving though the permitting process much faster than many other jurisdictions, but when BMV put anticipated dates on when the expected them - which has now long gone, that was a poor move. Still, it looks favourable, which is positive. The wait continues...

[cool runnings] 03/7/2019 21:58

Should be a clarification update v v soon on all areas

[andy] 03/7/2019 11:43

I wonder if the expiry of 6 million warrants at 4p in June means they're needing some more funds?

[jasper2712] 02/7/2019 15:49

"drilling to commence by 1 July 2019 for completion by 30 September 2019."

Strange why there has been no announcement of this.

[rakepat37] 01/7/2019 16:17

He's included on a internal twitter group,

[digger2779] 28/6/2019 11:28

shieldbug - sorry target. I have deadline dates elsewhere.
End of June had been muted for the licences but looks like it won't happen and will trigger the need for a bit more extra funding to jolly things along.

[shieldbug] 28/6/2019 11:17

Digger - deadline? or target?

[digger2779] 28/6/2019 10:36

Will the licence deadline be missed?
Edit
I meant target date

[shieldbug] 28/6/2019 09:04

Do you know him? I see you were predicting news to arrive on BigDish a few days ago.

[rakepat37] 28/6/2019 07:49

Na - just asked Aidan

[shieldbug] 27/6/2019 14:20

Rakepat37 - do you work for his travel agency?

[rakepat37] 26/6/2019 16:06

Sorry got the wrong he's going next month -

[rakepat37] 25/6/2019 17:47

Apparently Aidan is or will be flying out to South Korea this week - goods news on the horizon I reckon

[enter] 24/6/2019 10:36

user2007 my understanding of the timeline is that the new shares were to be admitted to trading on AIM on the 19th June. It's not reflected on ADVFN though because they are still showing the market cap as sub £4m when it should be over £7m.

[ih_140496] 21/6/2019 22:59

The management have funded BMV in a big way, could be a very interesting and exciting few weeks coming up. I think they would have kept operations very downbeat if there was not much hope of progress.

[user2007] 21/6/2019 22:34

Enter?Yes?the new shares were issued when the prospectus was published - 13th Jun.I dont think these share will flood the market as they are owned by the management currently even accumulating from open market.However?reading the prospectus?the company is officially funded till 30th Jun. It was or is expected that the permit will be granted by date. Then 1m needs to be raised for construction or 350k to keep the lights on until permit is granted. It says the co can go into administration if no funding is secured. But it also says that the management will willing to finance it .... Lets see.An interesting week ahead.... But before that?have a nice weekend.

[hazl] 21/6/2019 16:09

thanks 338

[highly geared] 21/6/2019 15:57

I take the director buy that things are moving in the right direction but the permitting process has a little way to go. Whilst frustrating, the prize is enormous in the context of the gold price and where it may go over the next 5 years..

[enter] 21/6/2019 15:23

Anybody know if the 121 million shares have been issued? It's quite a big deal really as that is a 50% increase in equity. ADVFN doesn't seem to be aware of it.

[shieldbug] 21/6/2019 09:15

Every indication that gold will be strong for the next few years.