Bluebird Merchant Ventures Share Discussion Threads

[go2nc] 23/4/2021 06:58

Excellent news. SAU will get shares by the look of it. They have access to 8 million USD to support their exploration activities. Simon also said in mid-term BMV shares will be lot valuable. Even on completion of the deal when BMV acquire 100% ownership alone on that news their original 10 million usd BMV share pot will be higher. All looking good. Just need news of contractors and first gold pour. We have access to funding from auric network at excellent terms. Most imp message was SAU have access to 8 million usd funding on attractive terms. Simon sees value in BMV shares in mid-term. So unlikely they will start selling once they get bmv shares in their hands. They will wait to realise value. He seems to be very nice guy at the interviews. Calm, rationale, down to earth man. They have a nice portfolio too and great geo team. I will certainly take a punt in SAU too.

[go2nc] 23/4/2021 06:58

Courtesy of Chris on LSE today. For those who don't have time to listen to the webinar by Simon Michell (MD of Southern Gold), here are the highlights re the BMV JV.From one presentation slide: US$10m deal currently being documented: execution pendingFrom another presentation slide: Agreement with BMV on JV sale (US$10m) - Q2 2021 (i.e. soon!)Responding to a question asking for an update: "We're literally in the final stages of coming to a commercial arrangement there with BMV. Obviously a tricky negotiation, the valuation that was determined be an independent expert was a substantial number at ten million US and, look, it wouldn't take a rocket scientist to look at the balance sheet of Bluebird listed in London and they're not going to be able to write Southern Gold a ten million dollar cheque. So we have to come up with a solution that makes sense for everyone. At the end of the day we will likely be a shareholder in BMV in some form or another and at the end of the day also it's going to be for a substantial sum. So we think it's going to be very positive for our balance sheet and I've obviously got a few things in mind as to how we might leverage value from that in to the medium term. Bluebird themselves are going to be working on the projects and I think they will probably get a bit o a kick up in London when they've got the projects on a 100% basis. I wouldn't be surprised if the London market actually values them with a bit more of a premium for control and the fact that they are near-term development. So what might be on paper worth US ten million dollars, you never know, it could end up being worth quite a bit more (said with a big grin!)."

[captain_kurt] 22/4/2021 21:45

Southern gold web cast just ended. Win win for all parties. Southern gold to take BMV shares

[cbeadle] 14/4/2021 12:16

The chart’s looking nice ( though l don’t claim any expertise in this!) but news should drive us soon

[cbeadle] 12/4/2021 08:49

Looking perky this morning, no news though

[dreamtwister] 01/4/2021 17:35

easter w/end will the bluebird egg`s be fertile ?

[cbeadle] 01/4/2021 16:09

On good news of gold production starting I think we could easily double from here

[chutes01] 01/4/2021 15:13

5p plus on news

[rakepat37] 01/4/2021 13:11

Long weekend ahead .. as they say u don't want to be out over the weekend .... blue finish I reckon

[go2nc] 01/4/2021 10:02

Twisting reality?

[dreamtwister] 01/4/2021 08:43

the bluebird is a rare songbird that has lost it`s voice ?

[rakepat37] 31/3/2021 10:39

All progressing nicely today and news to follow shortly...

[dreamtwister] 31/3/2021 08:55

pardon me for my convictions but the shareprice is not exactly

playing cricket for you poms "lol" now now mr cool losing coolant

is a sign of blowing your headgasket "fact"you whinging pom best

electric mail the bluebird and ask why its wings have been clipped.

[cool runnings] 30/3/2021 21:40

Stay short you Aussie rat

[rakepat37] 30/3/2021 21:11

Mega news on its way ... any day double digit growth unfolding

[captain_kurt] 30/3/2021 20:09

Good for southern...but what about bmv ???

[dreamtwister] 30/3/2021 19:13

2nd had news is never good news,official news from either prty

is required.strange there has been no podcasts....media hype even

more so the share price going into auction but dropping like a dogs butt

with worms.

[rakepat37] 30/3/2021 16:18

Big rns on its way ... any day .. double digit growth

[topnotch] 29/3/2021 12:47

Looking for this to hit double figures very soon now..

[mustafa15a] 29/3/2021 12:05

My broker is recommending this at up to 5.50 .....it's crazy to think a few weeks ago I doubled my holdings for half of that.....amazing things are coming.

[cbeadle] 29/3/2021 08:37

BMV doing nicely. It’s stayed well under the radar of the crowd, yet moving quietly towards gold production- seems to be good share structure, dilution as a last not first resort, and committed board who have put their own funds in

[digger2779] 29/3/2021 03:05

hxxps://www.businesswire.com/news/home/20210328005010/en/

Well well what have we here !!!

[leopoldalcox] 28/3/2021 22:10

I don't think that q1 2021 target is going to be met! Written May 2020

[dreamtwister] 27/3/2021 19:49

the poms will be putting the clocks forward tonight and catching up

with the rest of the globe.....mr cool welcome to the real world !