Bluebird Merchant Ventures Share Discussion Threads

[dreamtwister] 24/2/2021 10:49

basically third prty interests & the bluebird agree to t&c or migrate !

[go2nc] 24/2/2021 05:05

Watch this webinar from 26 minutes and 30 seconds onwards. See how Simon is so confident about the negotiations and how keen he is to get the deal done. " I'm confident I will update shareholders in few weeks". https://vimeo.com/515988593

[cool runnings] 23/2/2021 19:35

Basically they will be accepting equity in BMV ! Win win for BMV and shareholders

[dreamtwister] 23/2/2021 17:16

Simon Mitchell
@SouthernGoldMD
·
Hi Chandra - I basically said that $BMV and $SAU continue to work through a resolution, albeit it is challenging given the quantum and the current lack of cash in BMV at this time. I did say that a resolution may only be weeks (rather than months) away.



G02nc,,,

I think he is making shareholders aware that we are not in ideal position and may have to accept less than ideal deal.



.

[go2nc] 23/2/2021 14:07

Importantly Simon is realistic about the situation both parties are in. Looks like part cash, part shares, part royalty deal. Or else he wouldn't have said twice now that deal will be concluded in weeks rather than months. Also Auric wouldn't issue more more funding to us if this deal wasn't progressing well. Neither company would mention to us shareholders that 3rd tranche is for construction at Kochang. All bodes well. Best wishes.

[go2nc] 23/2/2021 13:51

Here is what Simon from SAU texted me. Looks like though BMV doesn't have cash he is confident deal will be done in few weeks rather than months. If he wasn't willing to accept less cash or deal wasn't to his liking he would have called it off. I think he is making shareholders aware that we are not in ideal position and may have to accept less than ideal deal. https://twitter.com/southerngoldmd/status/1364206101709774851?s=21

[dreamtwister] 23/2/2021 13:48

that was always on the cards,simon demonstrating confidence.

[bo doodak] 23/2/2021 12:57

According to the webinar there are now third party discussions going on as well

[dreamtwister] 23/2/2021 12:15

the southerngold webair was very informative !

[purchaseatthetop] 23/2/2021 10:53

I assume southern want cash and it seems BMV do not have enough to do that. Overeager is probably right that it is more complicated than considered. I will wait and watch as I have been doing as until the ownership is sorted all plans are speculative. Yes the upside may be huge but lots still to be done which if not done reduces share value to nearly zero.

[overeager] 23/2/2021 07:59

I had a re-read of the CPR on the BMV website last night. It's easy to forget that they know they are sitting on approaching 1million oz resource at over 7g/T with a great deal of unquantified resource on top of that. In my view, reopening the mines and resolving issues with Southern Gold were always going take time and be more complicated than the management thought - but I think it will happen and when it does, you can possibly add a zero to the share price.

[go2nc] 23/2/2021 02:35

Hi PATT Don't be confused. Read last few RNSs and some posts on LSE. Of course ignore "twisted" posts. Best wishes.

[cool runnings] 22/2/2021 21:21

BMV are the operator of the mine. They are making sure they can get to an operating level ASAP . The ownership will be resolved and BMV will benefit from this massively.

[purchaseatthetop] 22/2/2021 19:59

Hi all,
A few months ago I bought some BMV but sold at a higher price than right now as I was uncertain when something would actually happen.

My research confirmed that the gold potential is excellent and I particularly liked the 100,000 tonnes (if I remember) of 1g/t tailings that can be processed almost without cost (as no digging!).

I am a bit confused by the RNS. What is actually happening? The RNS says that the second tranche has been drawn down but without the Southern Gold JV agreement this cannot be very useful. I cannot work out where BMV is right now.

Is there something obvious I am missing?
Cheers
PATT

[dreamtwister] 22/2/2021 17:55

go2nc

facts are facts southerngold updating shareholder "duty to shareholders !

the news was in the public domain so the bluebird hand was forced to follow

suite and sudenly updated the market via Rns today or it would of been silence

of the lambs....your trust...your investment...your funeral...Rip

listen to the forcomming webair from southerngold......" mutton chops !

[go2nc] 22/2/2021 16:21

As usual you twisted. The statement you quoted from SAU was on 27/01/21 when they received the proposal for the first time. Today's release from BMV is 3 weeks later. Don't you think negotiations could have moved since then to "win-win" situation? As someone else said stop spouting rubbish

[cwa1] 22/2/2021 11:49

Hello dreamtwister

I hope you don't mind me pointing out...but...

Trance= a half-conscious state characterized by an absence of response to external stimuli

Tranche= a portion of something, especially money

Cheers

[dreamtwister] 22/2/2021 09:27

Southern Gold intends to consider these proposals and to maintain an open dialogue with BMV to see whether an acceptable agreement may be reached, telling investors that it expects to complete the sale by the end of June.

go2nc the bluebird had to shadow southerngold public anoucement,sugest you

update your toolbox from imperial to metric !

[dreamtwister] 22/2/2021 09:20

annie1982 simple ? the bluebird are on the 3rd trance of finance what was

the first 2 trances of finance used for ?

[annie1982] 22/2/2021 09:13

What a complete load of tosh you spout

[go2nc] 22/2/2021 09:03

I missed the public shaming event of BMV!

[dreamtwister] 22/2/2021 09:01

the bluebird was pubicly shamed into releasing todays rns.

so the bluebird marches further into the archives of debt

the 3rd trance to bring the mine back to H & S standards

but not the settlement to pay off southern gold,so looking

for june for conclusion of settlement,t/m sau are holding

a webair and may highlight negociations with bmv.

[go2nc] 22/2/2021 08:42

Most importantly guys progress at mines hasn't stopped pending these negotiations with SAU. Auric wouldn't issue further money if they saw a stalemate.

[overeager] 22/2/2021 08:25

Interesting that they're using a new crypocurrency as part of the funding package.