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
  -0.30 -7.89% 3.50 980,858 16:35:23
Bid Price Offer Price High Price Low Price Open Price
3.50 3.70 3.75 3.60 3.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals -3.30 -0.02 14
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 9,310 3.50 GBX

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Date Time Title Posts
01/4/202117:35GOLD mining in S. Korea...2,643
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 3.80p.
Bluebird Merchant Ventures Ltd has a 4 week average price of 3.10p and a 12 week average price of 2.80p.
The 1 year high share price is 5.88p while the 1 year low share price is currently 2.40p.
There are currently 397,647,406 shares in issue and the average daily traded volume is 618,564 shares. The market capitalisation of Bluebird Merchant Ventures Ltd is £13,917,659.21.
doyourresearch: So it looks like a deal will be done. This issue is whether the deal will be with BMV or with a third party who will then seek to renegotiate the JV with BMV. It'll all depend on how much cash BMV can both put on the table and show that they have for mine development from Auric. If SAU can get enough of the USD10m consideration in cash and be convinced that Auric can finance the mine to cashflow neutral (so the streaming element of the consideration will be worth something), they will do a deal with BMV. If they can't, they won't
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, a blockchain-based exchange. To learn more, follow Auric Network on Twitter at @auric_network and BMV at @bluebirdIR
overeager: I had a re-read of the CPR on the BMV website last night. It's easy to forget that they know they are sitting on approaching 1million oz resource at over 7g/T with a great deal of unquantified resource on top of that. In my view, reopening the mines and resolving issues with Southern Gold were always going take time and be more complicated than the management thought - but I think it will happen and when it does, you can possibly add a zero to the share price.
doyourresearch: If they've really got access to USD10m of financing then BMV will be fine. That's enough to give SAU a decent chunk of the purchase price of their 50% in cash and leave enough in the kitty to develop the mines to cashflow neutrality However, if they haven't got access to this much financing then I can't see a deal being done with SAU. If they haven't got enough cash to develop the mines then any royalty etc they offer SAU is worthless. So SAU will want a good chunk of cash, some royalty to top up and proof that BMV has enough cash to develop the mine. Otherwise I can see SAU selling their share to a 3rd party who will want to renegotiate the JV terms with BMV
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.
highly geared: Probably haggling over the cash component of the price. SAU will want most or all of it in cash, BMV as little as possible with royalty/ equity component. I think it will come to a head in the next week or so. SAU won’t want to try and flog their 50% to 3rd parties due to the time it will take with no guarantee of a better offer , so it’s down to getting the best deal from BMV. BMV meanwhile will be constrained on what the debt providers want to lend for the deal....
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.
highly geared: £7.48 Million. Probably about right. SAU supporters will say its £2.5 million less that 50% of BMV’s current share price value , whereas BMV holders may say it’s a couple of £million more than they wanted ,based on the absence of a JORC resource. All in all, provided BMV have finance lined up for this, it will be good to bring this prolonged saga to an end and drive forward the gold production plan in 2021 with 100% ownership.
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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