Bluebird Merchant Ventures Share Discussion Threads

[outlawinvestor] 30/1/2020 17:52

:-)

Much relieved, thanks.

[shieldbug] 30/1/2020 16:36

Outlaw - BMV is not a scam. It can't be, if it was a scam it would have an impressive and persuasive website.

[skyship] 30/1/2020 15:52

shieldbug - both BMV & SAU are minnow explorers. Game plan usually is to hit pay dirt, then call in the professionals. I expect that to be the outcome here.

BMV has been an opportunistic play with the skill in the permitting. They've got that part done; now we just need to be patient for a buy-in by a well capitalised and experienced miner.

[shieldbug] 30/1/2020 15:45

The company did not promise any action in January. What they said was "From February, the projects will then progress to production with initial mining commencing in 6 months and gold production some 3 months later."

What they said on funding was "Bluebird is actively having discussions with regards to non-dilutive debt funding in order to fund its 50% share of the required funding."

Bluebird do not own the mines so it may be tricky getting getting an unsecured loan. Perhaps this will end up as a convertible loan note with the money coming from one or more of the directors.

[rakepat37] 30/1/2020 15:36

Apparently we have boots on the ground clearing the site and preparing site to mine.. we have loads of gold/ore lying around in tunnels and foot wells that is easy to extract... all facilities in place, plenty of tunnels and shed loads of gold laying around along with plenty more to be mined ... 2020 will be a explosive year

[shieldbug] 30/1/2020 15:34

Skyship - what are you talking about? BMV are Southern Gold's JV partner and Bluebird is supposed to do all the work.

[rakepat37] 30/1/2020 15:08

They are still going ahead to get the none dilutive funding and they are confident that they will get it ... we will get a rise like GGP

[skyship] 30/1/2020 14:33

"I suspect the financing part is taking longer than envisaged."

Well, I entered 2020 with two gold plays. One, GGP, with a full allocation due to its clear value opportunity. The other BMV with a low "spec allocation".

GGP +100%YTD. BMV -30%YTD!

So - what is the big difference?

GGP had attracted a main player JV partner to do the work in return for 70% of the action.

BMV needs to do the same. It doesn't have the cash or the expertise to exploit the obvious potential.

I suspect, I sincerely hope, they will be talking to a 3rd party - and once the deal is struck, then BMV can do a GGP - see charts below: In anticipation I've spent a very small %age of the GGP profits to add here at 1.83p.


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

[highly geared] 30/1/2020 11:39

A year ago, it was all positives around the licence submissions, fast Government approval decisions and ‘ full steam ahead’ to early production.

It appears the board worked hard with the government to enable favourable interpretation of the new mining code and following a longer period than anticipated, the 2 licences landed in September and December last year.

What is unsettling is that having gone through what was essentially a 6-8 month delay on the licenses, now we have them , there is radio silence on financing and gearing up work to bring the mines back into production.

The market needs an update on what’s happening , otherwise people loose faith and sell.
This is my biggest investment as it seems a no brainer low cost , mine start up with known resources in a mine friendly low risk country with a best gold macro environment we’ll see in a generation.

I suspect the financing part is taking longer than envisaged.

[rakepat37] 30/1/2020 10:52

Not looking good as 3 lots of 250k sold, hope its not directors dumping again

[digger2779] 30/1/2020 09:18

POG still rising and this goes down on these paltry sells. share price never rises like this on paltry buys.
Reckon there's news soon but will it be good or bad?

[andy] 29/1/2020 21:47

monty,


You had me worried for a minute!

[montynj] 29/1/2020 13:29

Correction..Bought some at 1.85p

[montynj] 29/1/2020 13:28

Just bought some at 269p..could get news any time

[outlawinvestor] 23/1/2020 12:45

@slicethepie - you think too highly of this outfit if you suppose they have processes/controls like seeking board permission before selling shares! Hopefully the other directors (i.e. Patterson & Barclay) have voiced some displeasure or at least will take the mickey.

TBH, only the involvement of CP & CB (and Southern Gold) gives some peace of mind that it isn't just a scam! Patterson as I recall has put in real money into the company beyond salary sacrifice. Bishop has as well although I am yet to understand the "executive" nature of his role. What exactly are his executive responsibilities?

[cool runnings] 22/1/2020 16:18

Blokes a total prat.... try and ignore him

[slicethepie] 22/1/2020 15:10

Don't they do car boots in jersey. Ffs who would go to all that trouble ( permissions etc) to sell £5k worth!

[parsons4] 22/1/2020 05:07

cbeadle I agree with you I also have a larger than normal holding here for a company not yet producing, but the potential upside is huge !!

[cbeadle] 21/1/2020 20:26

This is a speculative share but almost my largest holding, I think the risk-reward balance is highly favourable

[highly geared] 21/1/2020 19:43

They need to tell the market how the works to mine production are to be financed and some specific program timescales for pre production activities.

A year ago, the Board announced anticipated permit timelines and presumably had a plan for debt finance. Gold is $200+ higher and they’ve had a good 6 months to consider/evaluate/ get lending through credit committee etc.

The market is on the fence and the Board needs to get a move on and tell the market how production start will be achieved and provide deliverable, believe able and creditable timelines.

The share price should then start to respond. In a gold bull market , the producers and near term producers move first...

[bo doodak] 21/1/2020 13:33

No news due for a while to come it seems

[skyship] 21/1/2020 12:18

Interesting chart similarities. Hopefully BMV will soon break north, as GGP did this month:


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

[digger2779] 21/1/2020 12:10

Getting a bit hacked off with this constant fallback. It's not as if we don't have anything going for us as they are looking to kick things off in February.
It doesn't help when a numpty Non Exec sells a few to pay for his Xmas excesses.
I bought a few more the other week but should have waited. Grrr.

[shieldbug] 21/1/2020 11:40

I love the way they put Morley Kirk below Emy Fabro the Administration Manager on the website Team page. Total stooge.