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"The company said Catalyse is buying Southern Gold's 122.5 million Bluebird shares, or around 18% of issued Bluebird shares. 22.5 million of those shares will be bought at at 0.55 pence per share with settlement due on Monday. The price is an 11% discount to Bluebird's share price of 0.62p at the close on Tuesday. The remaining 100 million shares will be purchased by Catalyse in four tranches of 25 million shares each, to be settled monthly from September to December."
They dropped the ball on this permit . Schoolboy error considering how much they have personally invested. Hopefully they are getting very close to obtaining this permit which might explain the current buying and Catalyse Capital Ltd increasing it's stake. All hinges on this permit and then it's all systems go. GLA
Another 2x10 million buys.
Another biggy there at full ask again
Southern gold out or still have some left i wonder
Nice.2 x15 million buys
Good signs!!! 2 big buys as well.
070 paid
According to the CEO today, Bluebird are awaiting SK government approval for the Mountain permit………
Got back in yesterday. £4.5M mkt cap (!!)
If Southern Gold are finally out then it should be safe to get back in the water
I think your right, cause I believe Alight were the people who brought out the Southern Gold Shares... I would think we should get some sort of news within the next few weeks whether it's what we want or not...
I think you got it the wrong way round. The last Shows Align increasing it's stake and Southern Gold reducing as expected.
There should be some more TR1s issued shortly that hopefully confirms the big seller is out
Ive been looking at the Tr1 rns s for December. I'm not very good at interpreting but Align sold 2.1% of their holding and 2 weeks later I think a company in Australia announced a Tr1. Just wondering if a similiar thing happening again? Not sure cause I'm no expert
Even though there was that £80k sell the price still went up on the day. So I'm assuming the shares have been mopped up. I know the directors hold a lot of shares but I cannot see it being any of them. Are there any ex board members who could have held that many shares who may have sold? Or could it be Align who I think hold a stake here?
Yes, that was not good news... However the fact another company picked them up and increasing their position from BMVs perspective makes that irrelevant... IMO feel free to correct me.
My concern today was the 80k SALE... that has been one of the largest transactions I've seen for ages... anyone know anything.
Please don't use my information to buy or sell this. I am a Novice, DYOR...
I will provide information where I can that I am aware...
I understand the market needs buyers and sellers but I find it bizarre Southern Gold offloading 25 million shares at 0.4p
The seller Southern Gold has been taken out today. 2 of their trades has appeared. News due is the permit which is imminent.
Looks like shorts closing that were opened to drop the share price for the new investor ( allegedly ). Should steadily rise now until news.
Boldicus . Thanks again for info. Tipped my toe in this morning. Bought 184000. N T. To buy.
2 mines are in Korea (pending permit for 1 as a Concept)
1 mine is in Philippine's that 12 months ago was NOT included in the companies' value as the country was anti mining.
Now still not included, but being funded by a partner until it hits a certain stage... BMV are not required to give any funding until that stage...
and its split 40% BMV 60% Other
Boldicus. Thanks for that info. But if they don't get the permit how much are the other 2 mines worth?
Delay is for the South Korea mine... That's why its so low. have been stating they would have the permit by now multiple times.
until that is obtained it will remain this low or lower. if obtained it will re-rate quickly to 2.4p+ possibly 5p - 9p in a decent time frame.
If they don't obtain it or it is rejected, PI's investments are at risk... Southern Gold was selling their positions over the last 4 month...(I think) in batches... that is now completed. So hopefully this is now the bottom, But hey investors could lose everything...
I've already lost everything in GRL and RMM...
DYOR
Hi all. Started looking at this over the weekend and done some research. I notice the directors between them hold a good chunk of shares most bought around 2.4p but just wondering why there has been a slump in the price. Their experience as a board look good with 3 mines as far as I can see but been looking over posts for past few months and the issue appears to be a delay in a permit. Can someone just enlighten me please on which mine this is for ? I seem to recall the mine in South Korea is OK I think. Not invested yet. Thanks in advance
14k of buys within the last few hours? New???
HYPE? (I can dream alright)
That might have been last year.......