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% 1.95p 26,316 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.90p 2.00p 1.95p 1.95p 1.95p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 1.42 3.6

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Date Time Title Posts
18/7/201716:18Bluebird Merchant Ventures6

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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 1.95p.
Bluebird Mer has a 4 week average price of 1.75p and a 12 week average price of 1.75p.
The 1 year high share price is 4p while the 1 year low share price is currently 1.75p.
There are currently 184,963,840 shares in issue and the average daily traded volume is 418,704 shares. The market capitalisation of Bluebird Mer is £3,606,794.88.
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.
skyship: As Bo says in 985 above: "It will be interesting to see how they choose to fund their half of the upcoming substantial developments costs, given the frequent reference to avoiding dilution at this low share price." That remains the key conundrum; and any amount of positives on the Mining Update front are perhaps irrelevant. If they could bring in a new partner (at the right price of course) or sign up a deal to sell forward future production, then for sure this would double overnight. In the meantime the drift through the 2.8p support might suggest further drift to 2.5p...
bo doodak: Unconventional company It will be interesting to see how they choose to fund their half of the upcoming substantial developments costs, given the frequent reference to avoiding dilution at this low share price. Mom Res is the largest shareholder (I recall?) and a few $M is probably chump change to them, with salaries already being deferred for shares.
tsmith2: the current share price is less than 1/2 what it should be at monews in July to kick start rerate
mikett1: I just got tipped this stock. With advice to get in before results from the South Korean mine. The share price movement on 15th May was clearly the market makers and II triggering stop losses to accumulate shares cheaply. I wouldn't be using a stop loss here (unless you set it significantly below the current share price). The market cap is less than £6 million?! This could multi bag.
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.
cool runnings: Was an old holder selling to a new buyer ! Very frustrating share price performance
bayetya: tsmith, that's what I thought, but can someone tell that to the share price...
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.
dros1: hxxps:// 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.
Bluebird Mer share price data is direct from the London Stock Exchange
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