Bluebird Merchant Ventures Share Discussion Threads

[montynj] 26/1/2021 07:46

Nothing announced again and today was the day...something is wrong...

[bernieboy] 25/1/2021 09:55

The terms of the jv?

[user2007] 25/1/2021 09:27

Tomorrow should be the day ....

[bernieboy] 25/1/2021 08:56

I lost interest here a bit. Please can someone remind me what we are waiting for and what is the date it should arrive? Thnx B

[captain_kurt] 22/1/2021 10:11

Does not bode well this close to the wire ?

[montynj] 22/1/2021 09:06

Something must be wrong ...it can't take this long

[christopher logsdon] 21/1/2021 13:18

So much for the News leak!

[digger2779] 19/1/2021 12:57

HG - could be or a leak? Has risen in the past prior to news.

[highly geared] 19/1/2021 09:22

T10’s in anticipation of deal deadline announcement?

[parsons4] 19/1/2021 09:05

Lots of buying this morning, must have been tipped somewhere. Anybody any ideas ??

[onehanded] 15/1/2021 14:54

wow that went up and down quickly. Trouble with gold miners do well and then disappoint BUT think I have found a good one.

The company is called Tanzanian Gold Corp (TNX) traded TNX in Toronto Stock Exchange(TSX) which opens 2.30pm - 9pm and in 1 CAD (Canadian Dollar). Worth a look and read about them. I have started a thread under TNX. They joint venture partner with the State Mining Company (STAMICO) to submit an updated mine plan for the Buckreef Gold Project to the Mining Commission in Tanzania. STAMICO, which is 100% owned by the United Republic of Tanzania (the Government). Buckreef gold project will be massive and will see substantial profit for Tanzania gold corp. Though this not the only revenue driver looking forward for this company. Worth a look.

[digger2779] 12/1/2021 15:58

They have got till 26th Jan to settle. Best pull their fingers out and get the deal done.

[cbeadle] 12/1/2021 11:06

Uncertainty is holding BMV back, no further news on funding or when production is likely

[1jbrisky] 10/1/2021 11:18

Dreamtwister
Your reappearance on this board along with your associated drivel can only mean that you're concerned that you will miss the boat and are trying, once again, to manufacture a lower buy in price for yourself with your dull chat.
Suggest you just cough up the current offer and enjoy the ride.

[dreamtwister] 07/1/2021 13:37

minus -16 blizzards snow & ice @ present in s/korea !

when this de-frosts will add to further flooding of the mine.

the bluebird has yet to overcome a problem that the mine hosts pathogens

mutating in the already flooded mine.this is not a case of bailing with a bucket.

this will be a very costly affair that will require scientific interests !

the previous mining opperations was in favour of exporting commodities due to

the high prices of smelting "tax & enviromental issues !

the young persons of s/korea will voice objections to "heap-leaching !

the bluebird has t/date has not produced a jorc and therefore no feasibilty study !

[squiresquire] 06/1/2021 12:22

I sold mine too as i feel the Koreans are dragging this out, i dont blame them, this is the New Order for mining, just look at what Rio just did in Australia, but for minnows like us years can just waft by and i no longer see the sense of waiting for increase in shares that bounce around without actually adding real value. With all respect Highly Geared, your estimate for getting all the environmental and social and operational permits THIS YEAR is simply not todays reality. These permits often take 3 years, the environmental can be more difficult than the Social needing actual breeding seasons comparison charts....i do speak from experience here as i have helped to compile these studies in South America. Any way i got a nice profit so ime not complaining, just being realistic. My money has been in CAML and PXC for recent trades, both up by 15% in the last sessions since i bought in. The investors now are looking for PRODUCERS not prospectors.

[rakepat37] 05/1/2021 15:02

Great news should hopefully drop soon

[bo doodak] 22/12/2020 01:55

Listened again to this vid from August

Well worthwhile, given the subsequent delays to reconsider and reflect on what was CP and CB say in this.

CB states 15 months after construction till gold, maybe a bit earlier. Real difficulties with communication, won't be able to get filipinos in easily. This is more likely than not going to slip into 2022 imo....

[highly geared] 15/12/2020 17:45

Bo, I think many are fatigued here;

6 month delay ( mining code changes by Korean Ministry) , out of BMV control
6 months of zilch ( eventually declared finance available)
4 months + of the SAU debacle.

What we need by end of January

- agreed purchase of SAU interests
- confirmation of mine finance
- timetable to first production including any environmental and operational permits.

They need to get this into production by late 2021.

[bo doodak] 15/12/2020 14:06

Mgt are not exactly spring chickens either, which is a worry. There is also the not insignificant matter of the many additional shares to be issued to Momentum if the share price was ever to reach (6p I think it was?)

I have reduced recently as my belief they will get this over the line, and to our benefit, has waned somewhat, and there are plenty other worthwhile horses out there to back.

[highly geared] 15/12/2020 13:14

Yep, about 2 years behind managements original timetable.

They really need to get the SAU interest bought out in January, so we can see a clear timeline to first production. If yet more issues come to light, causing further delay, then shareholders patience will be severely tested. The gold bull is here, so we need to get on with it..

[bo doodak] 15/12/2020 12:49

Everything takes much longer than envisaged by mgt, normally, regardless of the particular stock involved. BMV are to be no different unfortunately. I expect the timetable to slip further yet, sadly.

[cbeadle] 04/12/2020 21:33

Good points, I think there might well be a strategic investor taking a stake that will help BMV into production. I wonder if Metal Tiger might be interested?

[1jbrisky] 04/12/2020 21:24

Gary
That's the gamble, if it comes off you'll be paying twice as much for your shares.
There can't be a placing as BMV are on the main board, not AIM, and there isn't time for them to "raise" further funds through the main market before whatever is left of the 60 days before payment is due.
The onus is on the buyer (BMV) to make payment but that payment doesn't have to be all cash, no matter how much Southern Gold would like it to be.
Clearly the independent valuation is significantly higher than BMV had hoped for, had it come in lower I'm certain BMV would have announced that the payment has been made and we're off getting ready to pour gold.
I think there are now only three possibilities.
The first is that a payment agreement can't be made and both companies shares fizzle to virtual worthlessness until someone else can be found to buy half or all of the Korean mines months or years down the track. I don't believe either company will let that happen.
The second alternative is that BMV commit as much of their debt agreement as they feel they can afford towards the payment whilst retaining sufficient funds to get us to production and then add some kind of royalty scheme and/or shares in BMV.
Thirdly, an agreement is reached that is virtually all cash suiting Southern Gold and giving BMV 100% ownership but does not leave BMV with sufficient funds to reach production leaving us looking for further bank loans/partners to get to production.
Both second and third solutions will create some kind of dilution, my hope being that we don't fall into the third category which would certainly see further share price erosion and potentially many more months of uncertainty.
Ultimately, I find it incredibly frustrating that the BOD seem to have gambled everything here on a favourable independent valuation when the difference between what they hoped for and what they got can only have been a few (2-4?) £m. Surely they could have factored in this possibility when they agreed debt funding.
However, that £2-4m will seem irrelevant when, 5 years down the track, we're producing up to 100k oz of gold per annum, which is why I'm invested here.