Bluebird Mining Ventures Share Discussion Threads

[rakepat37] 01/4/2020 08:40

On wards and upwards now as the team states no more shares to sale as they will be holding onto them as they undervalued

[highly geared] 01/4/2020 08:26

Chairman must be hard up ( Lol!)... £5k raised.

[montynj] 01/4/2020 08:20

The underlying bullish story remains...

[slicethepie] 01/4/2020 07:50

Hidden in the RNSColin Patterson, Charles Barclay and Aidan Bishop would like to provide assurance to shareholders that despite the Covid-19 pandemic they will not be seeking to dispose of any shares due to their collective belief that the shares are materially undervalued given the positive announcement on 26 March 2020.

[rakepat37] 31/3/2020 15:46

I'm hoping a steady rise over the next month - we are finally on track - for me 5 to 6p is fair value until we get funding signed off then up to double digits

[cool runnings] 31/3/2020 08:22

This is where they basically closed yesterday but for some reason they uncrossed are 2.26p in a small amount of shares ! Was an odd one

[cbeadle] 31/3/2020 08:17

Looking at today’s opening almost makes me think we could see it today!

[annie1982] 31/3/2020 08:02

I noticed that so could see 3p this week

[andy] 30/3/2020 17:17

This is being promoted by share price and Hot Stock Rockets, hence the increased volume last couple of days.

[devonlad] 30/3/2020 15:15

Took a maden stake up today in BMV, story looks good and South Korea is one of the best places to do business in the world imho.

[dreamtwister] 30/3/2020 10:14

recent video from proactive in respect of funding

quietly building a stake here. after mtr "holding" jv with southern gold

[euclid5] 30/3/2020 10:00

Depending if the financial party backers belive the story here (can't see why not as they should be providing the ST finance) then see little reason for not converting the warrants at 1.3p to get the uplift return on capital, rather than get the 5% interest over 5 months or 1% return pm


15,384,615 warrants have been issued to the Loan Provider with an exercise price of 1.3p per share and a maturity of two years. In the event the warrants are exercised the proceeds will be deducted from the Loan Amount.

[parsons4] 30/3/2020 09:13

Patience is the key here I have been holding these for ages and at last we seem to be in the right place at the right time. We have the gold , finance and wherewithal to get mining. Just as the world is printing money and GOLD is set to take off.

[cbeadle] 30/3/2020 08:59

It’s continuing to go the right way although the volume is small, I wonder if the market makers don’t have much stock?

[annie1982] 30/3/2020 08:15

Have been watching this one. Last weeks RNS was very positive and can see this going much higher and gold also

[outlawinvestor] 29/3/2020 20:39

The FT highlighted last week how the shutdown of Swiss gold refineries and difficulties with airfreight is hurting deliveries of physical gold bars to satisfy futures contracts.



In the comment section of that article is a contribution from the founder of BullionByPost reproduced below.

The current situation is completely unprecedented. There is a huge divergence in the spot price and the wholesale rates for small bars (1 kg and less) and coins. The Swiss refineries and some mints are shut whilst physical demand has gone through the roof worldwide. Secure logistics companies are struggling with a lack of flights and border restrictions. The situation with silver is even crazier, we can't even get dates for allocations on future orders and so despite huge demand have very little silver left to sell. We are only selling stock we already have in secure UK vaults, but it is unlikely to last much longer. Interesting times in the physical precious metal markets.....

And this is before any impact from mine shutdowns.

[cbeadle] 29/3/2020 20:16

I am also thinking of the 50% partner Southern Gold listed in Australia. They are much more an explorer but they have interestly largely exited their home market to concentrate on South Korea. Metal Tiger on AIM have recently subscribed and the share price has remained subdued. They could feed more future sites for BMV but I guess they have some more risks tied up in exploration . Eventually if Bluebird continue their rally they will catch up, and the revenue should then start to fund exploration without any dilution. An example of a good symbiotic partnership!

[andy] 29/3/2020 19:36

rakepat,


Out of interest, where do you think the "massive rally" will occur, in the gold price or the stock markets?

[rakepat37] 29/3/2020 19:22

Hopefully we will be one the many few companies producing gold soon with a massive margin - gold did fall over the month but has now rallied and is 1625 to buy at this very moment - very lucky to be in this share at the right unfortunate times - massive rally on the way - share price will hopefully track the rise and once we mine then we should easily hit double figures .

[cbeadle] 29/3/2020 14:06

rakepat37 I agree with you. I wonder if there might be a lag, perhaps an initial drop in the gold price due to margin calls, and the financial crash caused by corona virus.
Also I think silver could be really good value as the gold-silver ratio is at historically high levels

[andy] 29/3/2020 13:36

rakeoat37,


The problem may be that physical supplies are out in most places.

Fancy coins don't offer such value as they are sold at a premium to spot due to the minting costs.