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
  0.05 1.56% 3.25 234,804 13:08:08
Bid Price Offer Price High Price Low Price Open Price
3.20 3.30 3.25 3.20 3.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals -0.66 -0.17 13
Last Trade Time Trade Type Trade Size Trade Price Currency
15:55:08 O 9,698 3.30 GBX

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Date Time Title Posts
27/9/202107:25GOLD mining in S. Korea...2,766
29/4/201909:53BlueBird Merchant Ventures at the UK Investor Show-
18/7/201716:18Bluebird Merchant Ventures6

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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 3.20p.
Bluebird Merchant Ventures Ltd has a 4 week average price of 3.10p and a 12 week average price of 3.10p.
The 1 year high share price is 5.88p while the 1 year low share price is currently 2.80p.
There are currently 397,647,406 shares in issue and the average daily traded volume is 626,907 shares. The market capitalisation of Bluebird Merchant Ventures Ltd is £12,923,540.70.
dreamtwister: if they do not balance the books with the shortfall in equity or sau take the shares"200m" then sau will retain 30%...then take into consideration the funding provider will accomondate 20% of the pog, so is that shareholders value for suporting the tsunami of shares about to flood the market & sink shareholder investment The agreement allows BMV up to six months to complete the second tranche of the transaction. If it fails to do so then US$7.5 million plus interest must be paid by BMV to IGPL within a further six months; this liability cannot be satisfied by the issue of BMV shares. If BMV’s prospectus is not approved within the six month period through no fault of BMV, then it can still settle the US$7.5 million plus interest liability for shares, in the most likely scenario within 30 days of the approval of BMV’s prospectus. If BMV is at fault in failing to complete the transaction within the initial six months or fails, regardless of cause, to make the payment required to be made within the additional six month period, if it applies, then IGPL’s security will become enforceable. then off course the funding provider will be pursuing repayment ! i would not rule out a 3rd prty interest of a hostile take over !
seadog101: If anyone wants to get in contact with the BMV management team, in order to share your thoughts and to request an update. I would recommend using the contact details shown at the bottom of the historic RNS updates. Enquiries: Bluebird Merchant Ventures Ltd jmk@bluebirdmv.com Jonathan Morley-Kirk, Non-Executive Chairman Best of luck and let's hope that the BMV team wake up again soon.
doyourresearch: The issue was always going to be BMV convincing SAU that they have access to enough cash to develop the projects. If they can then SAU shouldn't have too many problems doing a deal where they get a slug of BMV shares. However if they can't then the shares BMV are offering by way of consideration are largely worthless Of course BMV have a commitment for minimum 5m but the questions will be (a) Is that enough to reach cashflow neutrality in developing the mines (b) Can SAU rely on this commitment Agreement between both parties is obviously substantially delayed. So you can draw whatever conclusions you like on the cause for the delay bearing in mind the above
go2nc: 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: 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!)."
go2nc: Bluebird Merchant Ventures (LSE: BMV) and Auric Network Provide Funding UpdatesSource: Business WireLondon exchange listed mining company and blockchain innovation group confirm funding for Korean gold mine projectBluebird Merchant Ventures Ltd ("BMV"), a London Stock Exchange listed mining company (LSE:BMV) is pleased to announce that it recently received a second tranche of non-dilutive funding from Auric Network Limited, ("Auric"), a Hong Kong based company, as prepayment for gold at a 20% discount to the market price of gold at the time of delivery.BMV expects a third funding tranche on the week of the 15th, March 2021 that is designated for construction at Geochang (Kochang).Aidan Bishop, Founding Director at BMV, states, "As investors continue to battle the effects of the global pandemic, demand for gold has unequivocally strengthened and Bitcoin, which is being seen as digital gold, recently climbed to new all time highs. We are excited to be in partnership with Auric Network and Mine Foundation, utilizing a next-generation investment platform with a fully decentralized currency."Focused on providing a platform that offers financial inclusion, the tokens issued on the Mine Foundation platform will be directly linked to the delivery of gold from the South Korean mines.South Korea is one of the world's largest adopters of cryptocurrency and trades substantial daily volumes on various exchanges. The market capitalization of cryptocurrencies has increased from $400 billion to $1.4 trillion over the last 6 months, with companies like Tesla investing into the space and showing support for this new asset class.Currently, Auric Network is listed on Uniswap.org, a blockchain-based exchange. To learn more, follow Auric Network on Twitter at @auric_network and BMV at @bluebirdIR
cool runnings: The key is here that they are willing to consider the offer and keep dialogue. Positive outcome I'm sure will follow.As advised in the Company's 30 November 2020 ASX release, IGPL is deemed to have offered for sale both of its joint venture interests to BMV and BMV has elected to acquire them. In accordance with the sale process under the Joint Venture Agreements the price payable by BMV is US$9,945,000 (approximately AUD$12,915,000 at the current exchange rate of USD$0.77) and BMV had 60 days, or to 26 January 2021, to complete the payment. As at commencement of business yesterday, 27 January 2021, no payment has been received by Southern Gold or IGPL, which is ready and willing to complete the sale and purchase of its joint venture interests. On the 26 January 2021 BMV emailed the Company a letter outlining, in general terms, alternative means by which the sale and purchase may be settled. Southern Gold intends to consider these proposals and to maintain an open dialogue with BMV to see whether an acceptable agreement may be reached.Southern Gold reserves its and IGPL's legal rights under the Joint Venture Agreements and in relation to the sale and purchase of IGPL's Joint Venture Interests.Authorised for release by the Board of Southern Gold Limited.
1jbrisky: Gary That's the gamble, if it comes off you'll be paying twice as much for your shares. There can't be a placing as BMV are on the main board, not AIM, and there isn't time for them to "raise" further funds through the main market before whatever is left of the 60 days before payment is due. The onus is on the buyer (BMV) to make payment but that payment doesn't have to be all cash, no matter how much Southern Gold would like it to be. Clearly the independent valuation is significantly higher than BMV had hoped for, had it come in lower I'm certain BMV would have announced that the payment has been made and we're off getting ready to pour gold. I think there are now only three possibilities. The first is that a payment agreement can't be made and both companies shares fizzle to virtual worthlessness until someone else can be found to buy half or all of the Korean mines months or years down the track. I don't believe either company will let that happen. The second alternative is that BMV commit as much of their debt agreement as they feel they can afford towards the payment whilst retaining sufficient funds to get us to production and then add some kind of royalty scheme and/or shares in BMV. Thirdly, an agreement is reached that is virtually all cash suiting Southern Gold and giving BMV 100% ownership but does not leave BMV with sufficient funds to reach production leaving us looking for further bank loans/partners to get to production. Both second and third solutions will create some kind of dilution, my hope being that we don't fall into the third category which would certainly see further share price erosion and potentially many more months of uncertainty. Ultimately, I find it incredibly frustrating that the BOD seem to have gambled everything here on a favourable independent valuation when the difference between what they hoped for and what they got can only have been a few (2-4?) £m. Surely they could have factored in this possibility when they agreed debt funding. However, that £2-4m will seem irrelevant when, 5 years down the track, we're producing up to 100k oz of gold per annum, which is why I'm invested here.
digger2779: Andy - I know it don't make sense. TW has a habit of sniffing out info like a dog with a bone sometimes. The BMV share price has reacted favourably so far. Not sure if it's the hotrocket buyers or something else brewing.
user2007: Funny enough maybe it would be helpful if the BMV share price dropped as the valuation of the 50% stake will be to certain degree correlated to MCap of BMV.This way we might buy it a bit cheaper. .On the other hand if a 3rd party was willing to pay a premium to the current mcap it would have a positive impact on BMV share price as well. .If I ignore the delay which is frustrating then it is a win win situation.
Bluebird Merchant Ventures share price data is direct from the London Stock Exchange
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