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
  -0.15 -4.05% 3.55 1,449,005 12:20:33
Bid Price Offer Price High Price Low Price Open Price
3.50 3.60 3.65 3.55 3.65
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
16:39:30 O 200,000 3.50 GBX

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Date Time Title Posts
15/1/202114:54GOLD mining in S. Korea...2,486
29/4/201908:53BlueBird Merchant Ventures at the UK Investor Show-
18/7/201715:18Bluebird 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 3.70p.
Bluebird Merchant Ventures Ltd has a 4 week average price of 3.55p and a 12 week average price of 3.55p.
The 1 year high share price is 5.88p while the 1 year low share price is currently 1.05p.
There are currently 397,647,406 shares in issue and the average daily traded volume is 1,791,363 shares. The market capitalisation of Bluebird Merchant Ventures Ltd is £14,116,482.91.
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.
user2007: Not 100% sure but I remember reading that BMV are first to accept the price. And if they don't like it it should be the JV partners responsibility to find a buyer.Clearly BMV should not be forced to buy the other half .... Now Southern Gold must accept the set price either from BMV or somebody else.Just my understsnding ....
highly geared: All the above does, is confirm the valuation by the independent expert will be based on the data available to value the mines. The JV agreement allows for an independent 3rd party valuation which both parties are bound by. It could be construed that the lack of NI 101-43 or JORC resource works against SAU in terms of the mines current value. SAU didn’t agree with BMv’s valuation hence an independent expert appointed. Not sure what your point is Dream. The expert determines the value and BMV pay SAU the valuation price.... The mines will be valued by the expert based on the assets that can be determined from the data. The share price is based on collective psychology of the market as to what it thinks the assets could be worth in the future, discounted for its current stage of development.
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.
dreamtwister: patterson is backing himself,he previously relinguished exercising warrants which caused the share price to drop then he brought on the open market at a discount,his recent activity post "2149" prior to the recent news from sau. 21 june 2019 Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group, today announces that 4,000,000 warrants at 4p expired on 18 June 2019, and a further 2,060,000 warrants expired on 20 June 2019. Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group, is pleased to announce that Colin Patterson, Executive Director and Chief Executive Officer of Bluebird, bought 500,000 shares on market at 2.01 pence on 19 June 2019 through Kensington Trust Singapore Limited, whom he is associated with. 9 july 2019 Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group, is pleased to announce that Colin Patterson, Executive Director and Chief Executive Officer of Bluebird, bought 65,000 shares on market at 1.94 pence on 5 July 2019 and a further 65,000 shares on market at 1.89 pence on 8 July 2019 through Kensington Trust Singapore Limited, whom he is associated with. 18 june 2020 Kensington purchased 1,253,497 shares from Momentum Resources ("Momentum") that formed part of the shares issued to Momentum as a result of the Exercise of Warrants that was announced on 18 June 2020. Colin Patterson has a minority interest in Momentum and therefore is considered a related party.
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.
digger2779: You best email the company to find out which placements they were attached to as the ones you have mentioned may relate to some other placement. There have been a number of placings with warrants attached which have different conditions attached like this one taken from RNS dated 15/11/2018:- "In addition to the Private Placement, 11,761,840 warrants at an exercise price of GBP 0.025 with an expiry date of 12 months, were issued. The warrants have an Accelerator, whereby if the share price trades at GBP 0.03 or above for 10 consecutive days, the warrant must be exercised within 10 days or be terminated. Should the warrant be exercised, a further one warrant for every share subscribed for shall be issued with an exercise price of GBP 0.04 with an expiry date of 18 months. If the share price trades at GBP 0.05 or above for 10 consecutive days, the warrant must be exercised within 10 days or be terminated". Maybe the latest warrants had accelerator conditions like above attached? Without keeping a log of placements and their conditions it is hard to keep track on whats what. I don't have the time or inclination for that and am quite happy with my holdings which are in profit. Let's face it the directors are putting their own cash INTO the company and all we are doing is GAMBLING on the shareprice as none of our money goes directly INTO the company.
dreamtwister: The exercise of warrants is a cash raise,6,106,843 issued to the market "dilution" The breakdown of the warrants is set out below: • 3,385,838 warrants at an exercise price of 2 pence per share; • 1,500,000 warrants at an exercise price of 2.5 pence per share; • 1,221,005 warrants at an exercise price of 3 pence per share. the above warants can be exercised when the share price tumbles to the above strike price. the net value of the warrants is trending @£142Kish divide by four directors at each strike point. the increase in the number of shares when exercised will weaken the earnings per share,plus the new exercised shares are being issued at a discount to the current market price, if the price of the warrant is lower than the companys net asset per share then shareholders will also see their holdings dehydrated as the shareprice is re-priced in to the market. so the Bod have the option of exercising warrants & shareholders have the option for a lower entry point. the big question is related to the equity funding ? should the s/korean private entity not forward their commitment to the funding will bluebird ventures issue further placings "dilution" before exercising the warrants "further dilution" ? reminder each strike point to exercise warrants is divided by four directors !
cbeadle: I would imagine there would be some sort of royalty deal, or maybe some warrants based on BMV share price. They have been good so far in minimising dilution unlike some mining development companies which dilute for fun
Bluebird Merchant Ventures share price data is direct from the London Stock Exchange
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