Bluebird Merchant Ventures Share Discussion Threads

[rakepat37] 30/8/2019 11:28

I'm thing double figures

[cool runnings] 30/8/2019 11:24

Lovely lovely . So price target when permits are announced?

[chutes01] 30/8/2019 11:08

WEDGE TOLD THE STORY - PING

[rakepat37] 30/8/2019 11:03

Nice million share buy ... I as going to top this morning - o well I have enough

[digger2779] 30/8/2019 10:58

Ello ello...what do we have here?

[andy] 30/8/2019 08:34

Mining
Friday 30 Aug

Bluebird Merchant to submit application for Kochang permit next week
The mine is one of two Bluebird hopes to re-open in Korea by the end of this year

on 28/2/19

-------


In fact very easy to make such a mistake when today's date is shown in large letters at the top, and the article date in much smaller letters at the bottom, very odd.

[andy] 30/8/2019 08:31

lagerkhan,



No need to apologise, the date is virtually hidden on that report, and like you I don't understand why they have put that on their current front page.


Not fake news, just old news which Miningcapital seem to have regurgitated for some reason.

[thelagerkhan] 30/8/2019 07:51

Hi Enter,
Looks like I got it wrong, it does seem to be an old article so my apologies to all.
I do not really understand why Miningcapital would put February news on the front page of their very recently revamped website.
Good luck to all let’s hope for good news soon instead of my fake news.

[user2007] 29/8/2019 22:13

Regarding royalities or rather lack of them as discussed earlier today:I also noticed when reading the prospectus that there are no royalities paid to the government which I found too good to be true.Then I thought that maybe the gov wants to restart gold mining industry by giving BMV favourable conditions to show that reopening old mines is possible. Then when proved some royalities will be applied for new entrants or mines.My question is how many companies are there tryng to reopen old mines? Are BMV alone there with this concept?Thanks.

[enter] 29/8/2019 21:09

I don't know if you are trying to mislead people lagerkhan but the article you are talking about was published on the 28/02/2019.

[thelagerkhan] 29/8/2019 20:01

Front page article on miningcapita today is that Bluebird Merchant submit application for Kochang permit next week.
Two meetings have taken place recently with the state owned Korean Resources Corporation (KORES) including a site visit.

[king_baller] 29/8/2019 19:32

I highly doubt Southern Gold would sell their Australian assets to focus solely on South Korea, if they weren’t certain there wouldn’t be serious permit issues. Obviously the permit timescale was way too optimistic. But gold is only going one way in the medium term. And there are very few gold mines in investable countries. Being so tightly held, this will rocket when permits are announced.

[shieldbug] 29/8/2019 18:42

I don't mean to sound pessimistic about BMV. I sincerely hope the permits come through. There is very little information that I can find on mine permitting in South Korea. There doesn't seem as though there is any solid information on which to base research there. Ripe for speculation though.

[cool runnings] 29/8/2019 15:31

Sorry misread

[shieldbug] 29/8/2019 15:05

Who said anything about nationalising mines? Resource nationalism -

[cool runnings] 29/8/2019 13:49

Don't ever foresee this happening ...If there is nationalisation of mines in Korea then it means there's a nuclear war!

[bo doodak] 29/8/2019 11:19

Agree, our esteemed mgt have displayed the unfortunate mgt trait of unrealistic timescales and overconfidence. But on a more positive note, to put it in context, most explo/miners do take much longer to deliver progress than they originally promise.

Under promise and over deliver, its surely not such a hard concept to grasp.

[shieldbug] 29/8/2019 10:55

Resource nationalism is on the rise. Opening a factory in Korea is one thing - digging up gold is another. On top of that there may be sensitivities to the fact that Japan operated the mines during occupation.

This might be more drawn out than expected and the government may ask for something extra like royalties in return for the permits.

Royalties are a way of showing the population that they are getting something back. Investor may not like them but they may be needed.

The management have been consistently over optimistic on timings.

[digger2779] 28/8/2019 11:00

Thanks shieldbug - I was thinking about this from a corporate tax angle. If that isn't enough incentive to grant a permit then we may as well pack up and go away. Also it would put out a signal that that they are either open for business or not depending on how this plays out.

[shieldbug] 28/8/2019 10:06

Digger - From the June Prospectus "There are no government royalties or excise taxes applicable in South Korea. The South Korean government receives its share of mine production as corporate and income taxes from the project."

The tax position is great for investors if we get permits and start production. But it doesn't provide a huge incentive for politicians to grant the permits in the first place.

The recent permitting RNS talks of the decision being of "National Interest". That could be a good thing and it could be bad.

[cbeadle] 26/8/2019 11:53

Southern Gold is continuing upwards in price after rationalising their assets to concentrate on South Korea . Hopefully soon this optimism will transfer to Bluebird Merchant Ventures and we start moving upwards

[cbeadle] 26/8/2019 11:53

Southern Gold is continuing upwards in price after rationalising their assets to concentrate on South Korea . Hopefully soon this optimism will transfer to Bluebird Merchant Ventures and we start moving upwards

[digger2779] 23/8/2019 12:22

I thought the same too but if it was the other way round it would have moved alright lol.
Saw an interesting interview this morning 2amish re South Korea trade woes with Japan and seems like Trump is stirring it too. Their exports are falling so hopefully they will need gold production as a way to bolster up their economy? Who knows?

[rakepat37] 23/8/2019 11:11

Would of thought this was going to tick up with large buy this morning

[highly geared] 20/8/2019 19:43

The central government admin panel for the permits was SCHEDULED to take place this month. Whether it has/Will remains to be seen. We also don’t know whether the anticipated permit approval is instant or whether the panel has a specified time to formally announce. So, could still be weeks away... The BOD has serious skin in the game , so we’re all aligned in wanting this to happen. It’s a waiting game. In the meantime gold is steady around $1500.