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Share Name Share Symbol Market Type Share ISIN Share Description
Bluebird Mer LSE:BMV London Ordinary Share VGG118701058 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 2.35p 190,997 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.30p 2.40p 2.35p 2.35p 2.35p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 1.42 4.3

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Date Time Title Posts
18/4/201915:48GOLD mining in S. Korea...571
27/11/201810:25BLUEBIRD MERCHANT VENTURES1,257
18/7/201716:18Bluebird Merchant Ventures6
10/7/201613:50BLUEBIRD MERCHANT VENTURES3

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DateSubject
20/4/2019
09:20
Bluebird Mer Daily Update: Bluebird Mer is listed in the Industrial Metals sector of the London Stock Exchange with ticker BMV. The last closing price for Bluebird Mer was 2.35p.
Bluebird Mer has a 4 week average price of 2.15p and a 12 week average price of 2.05p.
The 1 year high share price is 3.40p while the 1 year low share price is currently 1.70p.
There are currently 184,963,840 shares in issue and the average daily traded volume is 167,153 shares. The market capitalisation of Bluebird Mer is £4,346,650.24.
02/4/2019
10:44
tim000: Any buyers of SAU's assets will know it's a fire sale. SAU is proving to be an undesirable JV partner (as has been pointed out often, they are overstretched). That may be depressing BMV's share price. It may also be holding up the permit to develop. If we could take over their rights and announce secure financing for the project, the share price might be at least twice its current level.
27/3/2019
13:47
shieldbug: So work commences on the entrance to Kochang in 2nd week in April. Followed by 8 weeks of refurbishment work. Then the drilling starts (mid June)? From 6th Feb "The application for the grant was submitted on 30 January 2019 and the Company expects to hear by the end of February if it has been successful. As part of the application, Bluebird has supplied its intended drilling programme to KORES. The drilling programme will seek to identify the position of the three veins in a major unmined corridor of the deposit." and "Should the application be successful, KORES will fund 70 per cent of the costs of Bluebird's agreed drilling programme." The grant for drilling still has not been approved. If the purpose of drilling is to locate the three veins that sounds like quite an open ended programme. I would guess we might hear some initial results around mid August with drilling continuing into the autumn. I am sceptical about production starting this year. I would prefer management managing expectations a bit, otherwise the share price will flounder in continual disappointment.
15/3/2019
08:16
tim000: cr, I said relatively expensive. I'm not a mining engineer, but I imagine the total capex required to reach the production stage will be in the $ millions. If we agree that the company will be valued at multiples of its current mkt cap over the next few years, the last thing shareholders want is further equity dilution now at a low share price when there are already large numbers of warrants, loan conversions, etc in the pipeline. I know you've discussed this before, and you've said that debt finance should be readily available. But at the current mkt cap, that will either be at a high interest rate, and/or come with equity warrants. The 70% grant presumably will be available later as well. Proving up reserves pre-production wouldn't seem a priority, unless bank lenders require it as a condition of debt finance.
14/2/2019
16:11
highly geared: Highly Geared24 Jan '19 - 08:09 - 219 of 335 Edit 0 3 0 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...
11/2/2019
07:47
tim000: BMV is exactly the kind of share I like to invest in; prospective asset value is high in relation to mkt cap and monetising the asset looks relatively cheap and speedy. And the business model allows almost unlimited duplication across South Korea, giving potentially unlimited share price appreciation. Moreover the government looks to be extremely supportive. But we've all learned to be sceptical about apparent one-way bets, which rarely come to fruition. Looking back over past AIM investments, many of the companies I invested in no longer exist. Can I respectfully ask cool runnings what he sees as the main risk factors with BMV? And why has no-one else seen this opportunity, which has been around for many years. After all, the gold price has been much higher than this before.
24/1/2019
08:09
highly geared: 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...
23/1/2019
07:30
highly geared: Very well written and clear RNS with an articulated path to production that should be ramping up within 12 months. The only thing we don’t know is what the production profile will look like. If they do debt finance it with minimal dilution for ongoing working capital , that will be remarkable. This has all the makings of a ‘mini’ Anglo Asian Mining’ AAZ. That’s probably the best junior gold miner on AIM. Hold onto your shares. Hopefully we’ll have a 1 in front of the share price by this time next year.
16/1/2019
00:57
cbeadle: Bmv has had some strong uplifting of the share price before, this is a quick turnaround, but with good news on either Korean property it is still a buying window imho
19/12/2018
08:43
cool runnings: Hazl, you talk like BMV is already a gold stock producing and delivering gold , this obviously isn't the case , what people need to understand that once proof of concept is shown as such and that the company is producing gold and cash it can then be valued as a gold company until then its a different game. IMO it's not being valued for any potential or for proving up what the management team can do, therefore it's totally miss priced as once it's shown to produce it will have a huge uplift to the share price , people can then value it how they see fit but right now there is no value shown for what is in the ground and for any value for a proven management team in Collin and Charles in particular
13/7/2018
13:52
bluebirdir: This is Aidan Bishop of Bluebird. We just registered an account at ADVFN as saw that there was quite some discussion taking place. The best place to contact the company or myself is via our Twitter which is bluebirdIR or my twitter alternatively email which am happy to give which is aidan at..... Always happy to engage with private investors. We are pleased with how the South Korean projects are progressing as can been seen with our recent RNS's over the past few months. We are also happy with our partners Southern Gold. Their expertise is exploration and ours is production and the partnership works very well. You can see that they have successfully done a similar partnership in Australia. Reopening old mines is a great opportunity for the company. What strikes me most when talking with Charles Barclay is that only 1 in 1,000 exploration projects ever become a producing mine. So as Bluebird is already starting with a mine we have the moved the odds substantially in our favour. Of course with an old mine much of the development costs have already been undertaken which again is a huge advantage. As can be seen in our recent RNS's we have stated when we expect production to commence. With regards to the current share price I can't really comment but I imagine the share price would be somewhat different if we achieve our production goals as we have made public. On a personal level, I am more interested in the strong underlying fundamentals of the business as that ultimately is where the value is and at some point no doubt the share price will reflect such. Happy to engage as discussed above. Am in London next week also so if anyone wants to meet personally then will try to make that happen. Have a great weekend all.
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