Share Name Share Symbol Market Type Share ISIN Share Description
Bluebird Merchant Ventures Ltd LSE:BMV London Ordinary Share VGG118701058 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.05 210,000 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.90 2.20 2.05 2.05 2.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 1.41 8
Last Trade Time Trade Type Trade Size Trade Price Currency
16:12:06 O 95,000 1.966 GBX

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Date Time Title Posts
23/1/202012:45GOLD mining in S. Korea...1,348
29/4/201908:53BlueBird Merchant Ventures at the UK Investor Show-
18/7/201715:18Bluebird Merchant Ventures6

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Bluebird Merchant Ventures (BMV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-01-24 16:12:081.9795,0001,867.70O
2020-01-24 16:11:441.97105,0002,064.30O
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Bluebird Merchant Ventures (BMV) Top Chat Posts

Bluebird Merchant Ventures Daily Update: Bluebird Merchant Ventures Ltd is listed in the Industrial Metals sector of the London Stock Exchange with ticker BMV. The last closing price for Bluebird Merchant Ventures was 2.05p.
Bluebird Merchant Ventures Ltd has a 4 week average price of 1.95p and a 12 week average price of 1.70p.
The 1 year high share price is 3p while the 1 year low share price is currently 1.65p.
There are currently 368,862,591 shares in issue and the average daily traded volume is 384,978 shares. The market capitalisation of Bluebird Merchant Ventures Ltd is £7,561,683.12.
highly geared: They need to tell the market how the works to mine production are to be financed and some specific program timescales for pre production activities. A year ago, the Board announced anticipated permit timelines and presumably had a plan for debt finance. Gold is $200+ higher and they’ve had a good 6 months to consider/evaluate/ get lending through credit committee etc. The market is on the fence and the Board needs to get a move on and tell the market how production start will be achieved and provide deliverable, believe able and creditable timelines. The share price should then start to respond. In a gold bull market , the producers and near term producers move first...
cbeadle: They might well be, it hardly takes any selling to move the share price down of BMV
shieldbug: A higher share price may help the company borrow money, but if they do not need issue equity to raise money, the low share price is not a problem in the short term. As the projects move towards production I am sure the price will rise.
cbeadle: I am really surprised that the share price stayed the same, about 3/4m shares bought
highly geared: Until the licences are received and the funding confirmed, price targets are fantasy. That’s why the share price is where it is. The license process is proving frustrating and painful to say the least but only in the context of timelines projected by BMV back in February/March. We need some news about overall direction, funding etc.
cool runnings: A very good note from Optiva today!.Based on the aggregated figures, an implied Market Cap of £47.80m is derived, which would in turn translate to a target share price of 12.91p. As is clear to see, this represents a premium in excess of 400% on the current market price at time of writing, based on the (admittedly strong) assumption of no further dilutive actions over the assessed timeframe. As will be detailed below, these numbers were calculated under possibly the most stringent set of assumptions to which Bluebird has been subject, and as such a view can be taken to the true potential upside of the company.
cbeadle: I have been surprised that the share price has responded so little to the news on permitting. The risk is far less . It may be the case that financing is the biggest issue, and a good deal mostly debt funding will be the trigger for a sustained rise in share price to much higher levels than we have here
tim000: I'm an investor here. What's holding back the share price is a lack of clarity on finance and timescales for starting gold production, after a six-month delay in getting the permit. Production was initially scheduled for December. Now it will be sometime next year, but we don't know when. BMV is no doubt an excellent long-term investment, but few people invest for the long term on AIM. Even an excellent long-term investment can fall in price in the short term, especially when long-term finance and working capital are needed.
tsmith2: cool runnings - the directors have constantly been telling us that the share price significantly undervalues the company and progress to date. Surely, they could have shown a little bit more confidence in the share price and done the conversion at say 3p to back up the above/shows greater confidence?
tim000: If the company were contemplating equity finance then I can see 2Prsimo's point. Whenever an AIM company attempts to issue large amounts of new equity, the market gets wind and the share price plummets. If you were an existing institutional shareholder participating in the funding, you'd flip some of your holding at any price above the issue price, forcing down the share price. However, if cr is correct and the company can readily access debt finance, then I agree the share price will be unleashed.
Bluebird Merchant Ventures share price data is direct from the London Stock Exchange
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