Bluebird Merchant Ventures Share Discussion Threads

[outlawinvestor] 03/8/2020 07:20

Interesting development! IMO they should absolutely acquire SAU's interest.

I wonder what that tiresome fella who forever sang about SAU's readiness thinks now!

[glennborthwick] 03/8/2020 07:15

Sounds like crisis management

[glennborthwick] 03/8/2020 07:08

Not sure what to make of that then. Spanner in the works or great opportunity.

[andy] 31/7/2020 18:32

montynj31 Jul '20 - 07:27 - 2078 of 2080

RNS will be Monday I'm told

---


By whom out of interest?

[dreamtwister] 31/7/2020 08:31

no thankyou.!

[outlawinvestor] 31/7/2020 07:58

Debt funding is normally easier and cheaper than equity although could take time to arrange with a first time lender due to DD and approval processes. A placing on the other hand could require a prospectus and general meeting depending on the size.

The delay serves to emphasise that the "standard" caveat should taken seriously!

[cool runnings] 31/7/2020 07:43

Exactly see my earlier posts

[montynj] 31/7/2020 07:27

RNS will be Monday I'm told

[dreamtwister] 30/7/2020 13:48

ceo of metal tiger mentions korea "sau"



southern gold quarterly activitys



iran has filed a law suite against s/korea for un-paid oil transactions



For Southern Gold, in which it owns a 17.1% stake, Metal Tiger said 720.46 metres (m) of diamond drilling has been completed at the investee’s Aphae project, while drilling of a fourth hole has now commenced at the Deokon project.

Meanwhile, 1,230m of drilling has been completed at Southern Gold’s Beopseongpo project, while regulatory approvals to drill at depth at the Weolyu project are “well advanced” with drill programme planning and logistics completed for the first quarter of 2021.

A new target area close to the Eunsan gold mine on the Jangwhal project has also now been secured with tenement applications.

“Initial results from Southern Gold’s drilling at the Aphae and Deokon projects demonstrate positive results. We look forward to completion of drilling and the results of the assays which will likely give further understanding to the value of the Deokon and Aphae Projects”, Metal Tiger chief executive Michael McNeilly said in a statement.

“Further to this, we are pleased to also see regulatory approvals at the Weolyu Project advancing, which, if accepted, will see Southern Gold’s planned drilling programme beginning in [the first quarter of 2021]”, he added.

[skyship] 30/7/2020 11:34

Unable to open the Koreaherald link posted by DT in his 2067 above.

Anyone else have any success?

I've always thought it rather bizarre that local investors or local miners have failed to endorse this "Reopening of old mines" strategy.

On the face of it such a strategy with the background of a rising PoG seems so attractive; but do the locals know something we don't!?

[bittorrent] 30/7/2020 10:48

Must confess I sold out yesterday at a small loss. This paragraph in a recent RNS caught my eye:
"The Company remains confident of a successful outcome with regards to the funding being received by the end of July as previously announced on 26 May 2020. The Company is not solely reliant upon the successful outcome of this funding as additional offers of funding have been received that is sufficient to bring about the first stage of gold production in South Korea. However, the Company's preferred funding path is the South Korean funding. Whilst the Company remains confident for a successful outcome there can be no guarantee of such."
I suppose the good news is if it does fall through the rising POG will get other lenders lining up to fund the project.

[jestercat2] 30/7/2020 10:26

Surely update tomorow as it's the last day of July.

[andy] 30/7/2020 09:12

There's been no news for so long it must surely be a lot better than "good"?

[cool runnings] 30/7/2020 09:00

No news is good news . Expecting update Monday

[andy] 30/7/2020 08:59

Bit,


One more day and a few hours remaining......

[bittorrent] 30/7/2020 08:54

No news on the funding, due by the end of July?

[andy] 28/7/2020 10:08

cbeadle,


There are an awful lot of mining exploration and development companies in Australia, and so Southern Gold have an awful lot of competition for investor funds.


IMO a project in Korea, waiting for a JV partner to raise their share of the capex, is maybe not too high on their target list, given the number of quality plays they have over there in a tier 1 jurisdiction.

[dreamtwister] 28/7/2020 09:41

reading the Korean herald this morning the pog was highlighted but

i was suprised the article has not highlighted the s/korean gold prospects.

or a mention of the s/korean entity to fund the abandoned mines,back into

production on the strength of the price of gold

[cbeadle] 27/7/2020 23:25

It’s a strange one Andy. It’s almost like Southern Gold has been marked down because it’s committed to an exploration program in South Korea. That might lead to more exploitable discoveries and lead to JORC substantiated resources. However BMV not taking any chance by further exploration, only acting as the mine developer has been seen as a much safer option. Either that or the market in Australia is generally much more pessimistic than AIM is for BMV

[bo doodak] 27/7/2020 15:02

Only 4 more days left now for AB's confident stance to be borne out.

[andy] 27/7/2020 08:42

cbeadle,


I thought you and others here said Southern Gold was worth less because they have more projects to work on?

[cbeadle] 27/7/2020 07:55

Maybe they know financing production is sorting out! Southern Gold is very undervalued even with respect to BMV.