Bluebird Merchant Ventures Share Discussion Threads

[digger2779] 05/1/2022 16:21

See they briefly raised the bid to 2.65 when mid was 2.6. Now down to 2.426. MM's ...don't you just love them?

[captain_kurt] 28/12/2021 22:54

Align Research - BMV in top 10 call for 2022
Good to see they've stuck with two decimal places on their target again!

hxxp://www.alignresearch.co.uk/align-research/align-research-top-10-conviction-calls-for-2022/

"In June 2021, we revisited our target price for the stock. Using a flat gold price of US$1,775 per ounce, we have determined a Net Present Value using a 12% discount rate of US$302.56 million. To be more conservative to allow for project execution risk, we have discounted this NPV by 50%, resulting in a figure of US$151.28 million. This equates to 23.28p per share based on the number of shares in issue (467,482,119). Based on the number of shares on a fully diluted basis (650,901,578 where we have included all of SAU’s 200 million shares) gives a figure of 16.72p which have adopted as our new target price. Covid-related delays had whittled down the price over the last 12 months from the 4.20p level to 1.70p but in recent weeks the stock has come alive again. We are happy to reconfirm our Conviction Buy stance at the current price of 2.70p."

[trader219] 28/12/2021 20:44

Hopefully share price will go up tomorrow with more trades very few at present

[everready1] 24/12/2021 17:35

I second that digger and to you too!

[digger2779] 24/12/2021 16:02

Merry Christmas and a happy, wealthy but above all HEALTHY New Year to all.

[everready1] 23/12/2021 08:16

thx for reply .Appreciate it

[moneymaker2015] 23/12/2021 08:15

More than one tranche has been received. In the H1 accounts it is shown under “Other financial liabilities”, to a sum of $353,300.

In order to draw down further funding, a “gold sale contract” required signing between Auric and BMV. It did this last month (Nov 21). This initial tranches appear to have been provided at Auric’s risk.

[everready1] 22/12/2021 08:16

I note the funding has been received so i assume it has not yet been touched until mine preparation starts? Don't see that receiving of first tranch in the accounts?

[everready1] 22/12/2021 08:01

Thanks Kurt.Missed that! Hope that agreement still stands .Very good terms!

[everready1] 22/12/2021 07:48

What are the terms of the financing anyone ? can't see the rns with regard to this?

[captain_kurt] 22/12/2021 07:38

Southern gold RNS out. They seem happy with the 150m shares issued at 3.6p !

[reestie3] 20/12/2021 21:18

The new shares are being offered to Southern Gold in respect of the 50% of the mines that Bluebird don’t own.Southern has no intention of selling their 40% shares in Bluebird….it is a long term investment…230;so no dilution. Bluebird has arranged initial investment from South Korean lenders….to be repaid from initial gold production.
It’s a win win solution for both Bluebird and Southern….

[trader219] 20/12/2021 10:26

Just bought in today looking good overall

[2seabass] 20/12/2021 07:57

It's by selling gold to Auric

[everready1] 20/12/2021 07:53

he is not interested in your reply lol as he has an agenda!

[captain_kurt] 20/12/2021 07:46

Do some research they have funding to being mines into production.

Near term gold producer at bargain prices imo

[buysellwin] 20/12/2021 07:34

Southern gold have a 6 month lock lock in with their shares so that's good, from the admission date in January,

[go2nc] 20/12/2021 07:29

If you have a problem then sell off matey. No one is forcing your hand to buy. Move on

[user2007] 19/12/2021 23:59

Because they are listed on the main exchange and not aim. Cos listed on the main can't issue more than 10 or 20%(not sure) new shares without new prospectus.

[buysellwin] 19/12/2021 22:39

Do we know why a prospectus was required by the company ?