Bluebird Merchant Ventures Share Discussion Threads

[andy] 11/9/2020 09:58

cool,


You've just highlighted one of the problems, no JORC.


I've always felt that hindered fund raising, and still do.


What I can't understand is how they have the market cap they do, yet people expect SAU to roll over and give their half of the asset away cheaply when BMV's half is valued currently at £14 million by the London market.


I still think SAU should spin out their half and list it here as it would have to be valued accordingly.

[cool runnings] 11/9/2020 09:48

There isn't a JORC you clown! Hence the value will be a lot lower than you're waffling about . Stop being a mug

[andy] 10/9/2020 22:09

rakepat37,


How do you think BMV are going to fund buying out SAU out of interest?

[dreamtwister] 09/9/2020 18:14

Ignor the above post "lockdown madness"

southern gold percentage of the joint venture will be settled on the

gold reserves "jorc" plus the city forcasts of the pog breaching $3000

a troy ounce in the near term future so no doubt that sau will take that

into consideration and take a royalty payment on the gold production to

eclipse the price of gold at that present time,so therefore a surge in the

price of gold to be shadowed by dillution/placings to keep the lights on.

best case senario for a joint venture for both prty`s to put the forsale boards

up !

[rakepat37] 09/9/2020 13:06

Looking forward owning 100% in a great mine with shed loads of GOLD

[dreamtwister] 08/9/2020 18:42

equity funding usually suported by a letter of intent (LOI)

in bluebird circumstances they do have a (LOI).....Lack of interest ?

[cbeadle] 07/9/2020 21:20

It will be quite interesting to see how the 50-50 Southern Gold Venture works. Southern don’t seem to have had many problems at all in raising more equity, and Metal Tiger were able to keep their share of the company intact. I can’t help feeling that they have neglected their small private investors ( I have some, much more in BMV though). Also with hedge funds on board, it’s quite clear they won’t be giving their stake away- possibly they might sell their 50% stake at something of a knockdown price but with a favourable royalty deal. This would encourage BMV to scale up gold and silver production which should benefit us. Let’s see what happens!

[dreamtwister] 03/9/2020 10:42

southern gold have working capital,bluebirds capital will be working in the

bankruptcy courts....lol...interesting times a head ?



will bluebird raise ?

[annie1982] 03/9/2020 10:16

Enormous dilution again for southern gold shareholders. They must be loving their ceo for that lol

[dreamtwister] 03/9/2020 10:04

New Strategic North American Investor cornerstonesoversubscribed$10.2millionequity raising•Commitments received for the subscription of 85,000,000 ordinary shares at $0.12 per share with total $10.2 millionraised (before costs)•The issue received strong support by a North American strategic investor, Crescat CapitalLLC,which will invest $2.5 million•Metal Tiger PLC and Flannery Family Officeinvesting $1.7 million and $1millionrespectively, maintain their 17.1% and 10.4% shareholdings•Funding enables expandeddrilling campaigns on multiple targets and a ramp-up onproject generation activityover the next twoyears



bluebird will be in a flutter if a third party enters the frame for s/korean

jv "crescat for example equalls the flannery family & metal tiger subcription

for this funding, the CEO of Crescat is also CEO of Novo Resources, which operates

the Talga Talga project in WA,Eric Sprott has a 9% interest,southern gold has the

support of industry conglomerates & with no doubt done a autopsy on the joint

venture with bluebird.

[dreamtwister] 02/9/2020 08:40

quiet as a church mouse !" have you ever stood on one ?

[bernieboy] 02/9/2020 07:38

Actually nice rather than mice but made me chuckle when I saw it!

[bernieboy] 02/9/2020 07:37

Thanks for the insights guys. Mice to see some posts on the BB again!

[dreamtwister] 01/9/2020 22:23

equity plus royalty on the gold may be the tipping point !

has bluebird a guarantor " hedgefund " to secure the offer ?

the hegdefund will require shares for security....." will bluebird

come to market ? " again !

[andy] 01/9/2020 22:05

dream,


Yes it's going to get very interesting, because if BMV's half is worth the current market cap, which is determined by the market, £15 million, they can hardly put in a low ball bid, can they?


I's still surprised SAU didn't spin out their 50% into a newco and list it in London, where in theory at least it should have been given a value similar to BMV as they each hold half of the same project!

[dreamtwister] 01/9/2020 22:00

bmv/sau held a joint venture meeting on the 27th july !

" southern gold relinguish interests of a joint venture with bluebird.

sau give bmv 45 days to make a offer for the 50% with 60 day to conclude,

should a 3rd party make a bid then a independent umpire will decide who

will be bluebird new partner ?

quick spin of the abacus 36 days has passed since the speacial joint venture

meeting & the 10th september will be the 45th day for bluebird to make offer !

[bernieboy] 01/9/2020 21:07

When is this company going to get its finger out? Seriously only I could get the one gold company going in the opposite direction to all other gold companies and the PoG. Very disappointing

[outlawinvestor] 21/8/2020 12:14

[COVID-19]

20-Aug: South Korea Warns Covid-19 Back In ‘Full Swing’ After Week-Long Case Spike



“We are standing on the cusp of the nationwide outbreak,” Kwon said at a briefing Thursday. “The wider capital region should brace for a massive wave of the outbreak.”

22-Aug: South Korea announces unprecedented restrictions to curb spread of Covid-19

[dreamtwister] 18/8/2020 18:57

plus the oled tellys are overheating & recalled.