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% 2.95p 33,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.90p 3.00p 2.95p 2.95p 2.95p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 0.0 1.4 0.0 - 5.46

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Date Time Title Posts
18/4/201808:50BLUEBIRD MERCHANT VENTURES762
18/7/201716:18Bluebird Merchant Ventures6
10/7/201613:50BLUEBIRD MERCHANT VENTURES3

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Bluebird Mer (BMV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-20 07:00:242.9733,000979.77O
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Bluebird Mer (BMV) Top Chat Posts

DateSubject
20/4/2018
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 2.95p.
Bluebird Mer has a 4 week average price of 2.80p and a 12 week average price of 2.55p.
The 1 year high share price is 4p while the 1 year low share price is currently 1.65p.
There are currently 184,963,840 shares in issue and the average daily traded volume is 551,961 shares. The market capitalisation of Bluebird Mer is £5,456,433.28.
17/4/2018
10:05
cool runnings: This has helped the shares maintain a level around 3p, capitalising the company at sub £6.5 million. They were re-recommended at a 2.5p offer price in July and we upgraded last month on the back of more good news. The latest reinforces confidence that swift progress is being made and we continue to target a comfortably above 4p share price. At 3.1p and below, the stance remains buy.
16/4/2018
11:01
cool runnings: Was an old holder selling to a new buyer ! Very frustrating share price performance
16/4/2018
10:12
bayetya: tsmith, that's what I thought, but can someone tell that to the share price...
19/3/2018
08:04
overeager: Great progress, but what will really make the difference is the results of the metallurgical tests. If they are good, watch the share price motor.
13/2/2018
16:21
tsmith2: http://www.corelondon.tv/blytheweigh-mining-show-colin-patterson-bluebird/I think the share price is bonkers
25/10/2017
09:05
cool runnings: I do agree on the undervalued comment tho.... it will only become clearer once news filters in and the share price increases , for most funds it's too small to invest in
24/10/2017
09:41
nick rubens: A year ago there was supposed to have been a potential offer of investment for a majority/controling stake at a premium to the then share price. What happened with that? Is is still in discussion? That aside, how are the finances here? cheers NR
17/8/2017
13:59
dros1: hxxps://www.shareprophets.com/views/28118/bluebird-merchant-ventures-what-are-you-hiding-in-the-interims-oh-oh-dear 29 March This week’s strategy update from Bluebird Merchant Ventures (BMV) reminded me that I meant to go searching for its interims as it had done that really annoying thing that rubbish companies do in not actually putting the interims in the RNS, but merely putting a link to the website and then it isn’t actually on the website till later. Having finally tracked them down, I now realise why the company wanted to hide them away as they make horrific reading. Where to start? I should remind you that this only came to the market (Standard List, obvs) in April 2016 and should have had 12 months funding at that time, although to be fair, it did flag as a risk that it would need more funding after a year. Also, it must be said it hasn’t had the best of luck. When it came to the market, its flagship project was the Batangas gold project in the Philippines and almost immediately, mining projects in that part of the world started to look a bit ropey. It then bigged up its copper concentrates trading opportunity although that had gone a bit quiet since last July. That’s enough background, let’s have a look at the half-year numbers to 31 December 2016 that one can access HERE. Batangas write-down – significant write-down in the accounts of the value of the project and plenty of warnings about a potential inability to fund it going forward. This has been superceded to a certain extent by this week’s announcement which states that it is not planning any major expenditure in the Philippines this year due to the uncertainty in the mining sector. Copper concentrate trading stalled – no real mention of it; one line states that ore trading has been stopped while the mining sector is so unsettled. It does state that it has written off the loan of $205,000 due from its copper concentrate supplier though which doesn’t sound very encouraging. Looks like they generated $50,000 revenue in the year from it though, with a cost of sales of a similar amount – wow! Wreck of a balance sheet – all the cash has gone. As at 31 December 2016, the cash balance was $25,000 and the net current liability position was $233,000 with a further $590,000 of non-current liabilities. This week the company announced that it is planning to get involved with two South Korean mines with ASX listed Southern Gold. Great - all it needs is $1 million and A$500,000 to get its 50% share. So, in summary, it has no real business in the Philippines at the moment, has no cash, its debts are piling up and it now has to find a new load of cash for these new assets. To play safe, it probably needs to raise close to £2 million to get those assets, pay its bills over the next 12 months and sort out its balance sheet. Its current share price is around 2p valuing the business at £3.8 million. Hmmm, I accept that there is some inherent value in Batangas but I’m not putting much value on it right now. One should remember that its old partner sold it 75% of it in December 2016 for 1.25 million shares in Bluebird and a 1% royalty, a pretty negligible sum. With the copper concentrate trading on hold, what are people actually putting a value on? Personally, I wouldn’t buy at 1p, particularly as a massive placing is necessary. If you do like the story, just contact the new broker, share price Angel, and get in the placing instead which I assume will be at a significant discount to the current price.
29/3/2017
09:49
dros1: This week’s strategy update from Bluebird Merchant Ventures (BMV) reminded me that I meant to go searching for its interims as it had done that really annoying thing that rubbish companies do in not actually putting the interims in the RNS, but merely putting a link to the website and then it isn’t actually on the website till later. Having finally tracked them down, I now realise why the company wanted to hide them away as they make horrific reading. Where to start? I should remind you that this only came to the market (Standard List, obvs) in April 2016 and should have had 12 months funding at that time, although to be fair, it did flag as a risk that it would need more funding after a year. Also, it must be said it hasn’t had the best of luck. When it came to the market, its flagship project was the Batangas gold project in the Philippines and almost immediately, mining projects in that part of the world started to look a bit ropey. It then bigged up its copper concentrates trading opportunity although that had gone a bit quiet since last July. That’s enough background, let’s have a look at the half-year numbers to 31 December 2016 that one can access HERE. Batangas write-down – significant write-down in the accounts of the value of the project and plenty of warnings about a potential inability to fund it going forward. This has been superceded to a certain extent by this week’s announcement which states that it is not planning any major expenditure in the Philippines this year due to the uncertainty in the mining sector. Copper concentrate trading stalled – no real mention of it; one line states that ore trading has been stopped while the mining sector is so unsettled. It does state that it has written off the loan of $205,000 due from its copper concentrate supplier though which doesn’t sound very encouraging. Looks like they generated $50,000 revenue in the year from it though, with a cost of sales of a similar amount – wow! Wreck of a balance sheet – all the cash has gone. As at 31 December 2016, the cash balance was $25,000 and the net current liability position was $233,000 with a further $590,000 of non-current liabilities. This week the company announced that it is planning to get involved with two South Korean mines with ASX listed Southern Gold. Great - all it needs is $1 million and A$500,000 to get its 50% share. So, in summary, it has no real business in the Philippines at the moment, has no cash, its debts are piling up and it now has to find a new load of cash for these new assets. To play safe, it probably needs to raise close to £2 million to get those assets, pay its bills over the next 12 months and sort out its balance sheet. Its current share price is around 2p valuing the business at £3.8 million. Hmmm, I accept that there is some inherent value in Batangas but I’m not putting much value on it right now. One should remember that its old partner sold it 75% of it in December 2016 for 1.25 million shares in Bluebird and a 1% royalty, a pretty negligible sum. With the copper concentrate trading on hold, what are people actually putting a value on? Personally, I wouldn’t buy at 1p, particularly as a massive placing is necessary. If you do like the story, just contact the new broker, share price Angel, and get in the placing instead which I assume will be at a significant discount to the current price. - See more at: hxxp://www.shareprophets.com/views/28118/bluebird-merchant-ventures-what-are-you-hiding-in-the-interims-oh-oh-dear#sthash.UnsrgAY7.dpuf
28/3/2017
22:33
euclid5: plenty of future dilution though ! Momentum Resources will be issued up to a total of 80 million shares based on the following project milestones: 8 million shares upon Bluebird executing the agreement with SAU; 8 million shares upon Bluebird making the first placement in SAU shares; 8 million shares per project for achieving positive feasibility to enable the project to enter the production phase; 50% of the remaining balance of shares upon the project funding the construction phase; The remaining balance of shares upon the project upon commencing production i.e. pouring first gold. Two further milestone payments of USD 1 million each will be paid in shares once the company achieves a 90 day VWAP share price of 6p and a 90 day VWAP share price of 10p. http://www.investegate.co.uk/bluebird-merchant--bmv-/rns/strategy-update-and-new-acquisition/201703270700085382A/
Bluebird Mer share price data is direct from the London Stock Exchange
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