Bluebird Merchant Ventures Share Discussion Threads

[bo doodak] 31/7/2019 16:50

The phillipines asset is essentially worthless at present

[shieldbug] 31/7/2019 14:03

What would the enterprise value consist of?

[cbeadle] 31/7/2019 13:43

It’s crazy it’s this low, BMV must have some enterprise value even without the mining permits

[andy] 30/7/2019 12:22

HG,


Exactly, well said, people have all sorts of reasons for buying and selling, often unrelated to company performance.


Nervousness is a good possibility, time is dragging on, and a large holder may want to reduce to reduce his perceived risk, he can always add again later if he so chooses.

[highly geared] 30/7/2019 12:16

Nervousness is probably apt.

However, having read the operational and permitting update several times, my interpretation is that if they aren't granted, the government panel would be going against the official favourable law interpretation 'proclaimation' agreed by the supporting government agencies and delivered to the departments.

The RNS uses the word WHEN for the permit granting and not IF...

Naturally, as shareholders, we expected the permits 3 months ago. My comfort here is the BOD are the biggest shareholders here so they will be absolutely focussed on seeing a successful permit process and the mines brought back into production.

We'll know within 4 weeks but I understand that people have a myriad of reasons for buying and selling and that's their decision and one other shareholders should respect come what may.

[andy] 30/7/2019 12:04

digger,


He's not "right" at all, you don't know why the seller sold, do you?

He might have seen a better opportunity elsewhere! Ever though about that?

Or he night have got bad vibes here, and decided to reduce his position, a prudent approach surely?

[digger2779] 30/7/2019 11:58

CR was right about the seller. Just doesn't make sense to sell now that we are edging closer to the permits. Maybe desperate for cash?

[yasx] 28/7/2019 23:19

There is little merit in discussing anything on here unless or until permits are granted. The rest is just noise.

What is not helpful is CR punctuating every other post with claims of dramatic news on the way - none of which has ever materialised. A brief review of his posts reveals he has been doing the same thing for several years and can be safely ignored.

For those like myself that have taken a punt on the possibility of permits being granted, it is merely a case of waiting until such a development unfolds. If it does not, then this is essentially worthless.

[cool runnings] 26/7/2019 19:18

There's a seller of a few hundred k around , news soon!

[digger2779] 26/7/2019 19:17

Well I managed to try a dummy sell of half a million and was quoted slightly more than the prevailing bid. It seems they would be happy to take them so have no idea what's going on. No late reporting so far...hmmm.

[highly geared] 26/7/2019 17:30

The price drop will be net selling , probably over NMS and will be reported late.
With low liquidity and micro cap, £20k of sells will shift the price down.

The permits are now over 3 months in delay from what the company stated in Q1. Not their fault but traders bought in on expectation. Clearly, the difficulty what we thought was a ‘given’ on the permits makes this higher risk now.

Logically it should happen as we’re reopening old mines, not trashing virgin land. Still, green issues and legislative changes throw spanner’s in the works as has happened here. Gold is mined all over the world and I think South Korea needs this so I remain cautiously optimistic but what was a given isn’t quite that...

[shieldbug] 26/7/2019 17:00

Not sure what visibility the company really has on when the permits will be issued. If there is little permitting activity in the country that could be a problem.

"The fact its permit application reached central government highlights how important its projects are to the rejuvenation of South Korea’s mining industry, added the junior."

It could also be that no one wants to be responsible for making the decision so it is being escalated up through government. And if this happens the chance of nothing happening becomes quite high.

[...]

[digger2779] 26/7/2019 15:13

Here's hoping that's all it is. It's frustrating and my internet connection here in Spain keeps dropping out so I can't even access my trading account long enough to get a proper look at the share price
I mean we are so close to getting the permits here and hope there's no unforeseen problem on that score.

[digger2779] 26/7/2019 15:12

Here's hoping that's all it is. It's frustrating and my internet connection here in Spain keeps dropping out so I can't even access my trading account long enough to get a proper look at the share price
I mean we are so close to getting the permits here and hope there's no unforeseen problem on that score.

[rakepat37] 26/7/2019 14:52

Mm just dropping the price for scare tactics, no buy or sale yesterday and closed 10% down and today it looks like a one buy and it's Down... nothing really to worry about ... if there was volume then would be worried ... patience will pay pay off .

[user2007] 26/7/2019 14:52

Based on a single trade with low number of shares .... I have no idea but hopefully these trades are just impatient PIs finding better opportunities.

[digger2779] 26/7/2019 14:39

Well this isn't looking at all good. Heading towards all time low. Thoughts anyone?

[andy] 26/7/2019 12:58

shieldbug,


The Sangdong tungsten mine has been on the go for many years, it was owned by Woulfe Mining, who were absorbed into Almonty.


Probably not the est example to look at, they were "ready" six or seven years ago.

[shieldbug] 26/7/2019 12:35

Indeed, my apologies, Almonty that acquired Woulfe Mining in 2015 and received final permits in Jan 2017.

hxxps://almonty.com/wp-content/uploads/2019/07/nr_2017_01_09.pdf

[cool runnings] 26/7/2019 12:27

Almonty....

[shieldbug] 26/7/2019 11:45

I note that Almony are reopening the Sangdong Tungsten mine in South Korea and they received their final permit "ahead of schedule". What is not clear is what that means. Does anyone have any information on other comparable mine permitting in South Korea?

[cbeadle] 25/7/2019 21:45

Difficult to know why they justify this price drop, there were no trades at all, then a late buy. Maybe they were hoping to panic some pi into selling as they are short of stock

[user2007] 25/7/2019 13:09

I can buy for 1.899 today, a few days ago it was around 1.95.I would think that London Stock exchange is the source of this information and other websites are linked to it. Is it correct?So is some order being filled or just has been filled (most likely a sell order) but will be reported later?The question is whether this could be an inpatient PI or some news is coming - e.g. permit approval delayed or rejected.In that case I assume the co would have to inform us and release an RNS - again not entirely sure.The co said they expect a permit approval in August so still some time to wait ...