Bluebird Merchant Ventures Share Discussion Threads

[the deacon] 01/4/2019 08:12

Thanks Shieldbug! Didn't realise you'd already posted it

[the deacon] 01/4/2019 08:11

https://hotcopper.com.au/threads/ann-strategic-focus-on-south-korea-wa-asset-sale-process.4693623/unread

[shieldbug] 01/4/2019 08:05

hxxps://www.southerngold.com.au/announcements/WA%20Asset%20Sale%20Process

[tsmith2] 01/4/2019 08:03

Have you a link

[the deacon] 01/4/2019 06:43

News out overnight from SAU. They're selling their Australian assets in order to focus on progressing the South Korean interests. Can't imagine they'd make that decision unless they were sure it was green lights all round in Korea. Very bullish imo.

[cbeadle] 31/3/2019 16:10

Highly Geared you are probably right, projects like these are prone to delays. Having said this I am hopeful of good news hitting (possibly a third partner joining ) with the market then revaluing BMV significantly upwards

[hazl] 31/3/2019 13:01

I think that gold has been up,for some time and perhaps people expect a bit of a drop or at least going sideways....for confirmation have to look at other goldies.

[highly geared] 31/3/2019 11:40

Did anyone visit them at the UK Investor Show yesterday? I was going to go but had to miss it for various reasons.
Price fall reflects retail investors selling due to delay in project approvals.
Nothings changed but they need to stop declaring explicit timelines that sets things up for disappointment among the retail community who have a 10 minute timetable for everything!

[digger2779] 28/3/2019 10:09

Selling below the placing price now. Maybe that will deter the spivs and hopefully not too many pi's have got spooked into selling up.
It was only a small placing and am surprised it's caused this much of a drop. If and when good news arrives I suppose it will give the spivs another selling opportunity and any rise will be stunted until they are done.

[the deacon] 28/3/2019 09:46

Yes, I did say that I was uncomfortable when issuing specific dates. They almost invariably slip. Still, top up opportunities, as nothing has changed

[tsmith2] 28/3/2019 08:42

Looks like we have spivs from the last placing who will drip feed stock now.agree management shouldn't give us such specifics dates when dealing with authorities given that now on more than one occasion they've had to push back.Proper news needed pls

[highly geared] 27/3/2019 14:29

Whilst I’m relaxed and think this is a great investment, Management were naive in issuing specific timescales for Government appprovals. They always slip and end up being longer, in many cases months or years!
But, we know the gold is there, no costly mine development and once permits to mine are issued, things are de-risked and it should become more about operational delivery.
Realistically, production will start late Q1- Q2 2020 but in the bigger scheme of things, that’s fine. I think gold will have it’s next bull phase starting next year and global debt bubbbles start to burst....

[cbeadle] 27/3/2019 13:55

The market is clearly sceptical about production starting this year and these projects often take longer to accomplish, production this year is best case scenario

[shieldbug] 27/3/2019 13:47

So work commences on the entrance to Kochang in 2nd week in April. Followed by 8 weeks of refurbishment work. Then the drilling starts (mid June)?

From 6th Feb "The application for the grant was submitted on 30 January 2019 and the Company expects to hear by the end of February if it has been successful. As part of the application, Bluebird has supplied its intended drilling programme to KORES. The drilling programme will seek to identify the position of the three veins in a major unmined corridor of the deposit." and "Should the application be successful, KORES will fund 70 per cent of the costs of Bluebird's agreed drilling programme."

The grant for drilling still has not been approved.

If the purpose of drilling is to locate the three veins that sounds like quite an open ended programme. I would guess we might hear some initial results around mid August with drilling continuing into the autumn.

I am sceptical about production starting this year. I would prefer management managing expectations a bit, otherwise the share price will flounder in continual disappointment.

[highly geared] 27/3/2019 07:23

Progress continues. Good RNS, April and May pivotal on so many (positive) fronts.

[digger2779] 26/3/2019 08:37

tsmith - let's hope it is good news. Should know soon enough as this is a bit of a leaky share proceeded by buys or sells depending on type of news that is about to be broken.
See your post has been marked down for some reason...some strange folk about haha.

[tsmith2] 26/3/2019 07:56

news next day or so imo

[highly geared] 25/3/2019 08:33

Gold consolidated nicely above $1300. All shaping up nicely..

[skyship] 24/3/2019 17:02

Euclid - thnx for that link in yr 494 above

[cbeadle] 23/3/2019 21:33

Is this really a sub £10m market cap company, opening up huge resources in a mining friendly country with in place infra-structure, close to permits?
2.4p doesn't seem real, even 12.4p would be a big bargain.
Wake up market, get on board in this window of opportunity!

[tsmith2] 22/3/2019 16:11

Gold rising. Hopefully north of $1400/oz before we move into production