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Bunion you said new website by end of the month. Let's see.
You keep believing their lies.
I see another 200k sell today. Better to sell now than lose everything
Some excellent opinions on here today lads (deep sarcasm)
I will take that as a positive today
This must the only time in a stock exchange that a stock could not do one transaction in 8 hours of trading
At the moment BMV is the one stock on my watch list that isn't red! Whoops did I say that put loud!?
Trumpy why not reply to MMS summary……showing again the strength of the deal with Southern Gold…..rather than regurgitating six year old news which is not relevant to the reopening of the South Korean mines……..
Nice quotes MM
SIX YEARS ON, WHAT ABOUT PRODUCTION AT BATANGAS
(where they also aquired 100% sole ownership)
How much gold have they produced at Batangas for shareholders ?
Fri, 2nd Dec 2016 07:22
RNS Number : 7961Q
Bluebird Merchant Ventures Limited
02 December 2016
Bluebird Merchant Ventures LTD
(the "Company" or "Bluebird")
Bluebird acquires 100% of the Batangas Gold Project
Bluebird Merchant Ventures (EPIC: BMV), the Philippine focused natural resources development company is pleased to announce the acquisition of the Batangas Gold Project (the "Project") for a consideration of 1.25 million Bluebird shares. Having previously held a 25% stake, the acquisition will give Bluebird sole ownership of the Project which has an established JORC resource of 445,000 oz of gold.
· Acquires 100% for consideration of 1% royalty and issuance of 1.25m Bluebird shares
Excellent summary of the progress moneymaker and the quotes are apposite for our situation here. I have given up debating with some on here and have filtered accordingly. Our time will come eventually here.ATB
As much we had both hoped production was going to start two years ago, at least things have still been moving in the right direction. All you have to do is look at what it has achieved in the last couple of years:
Just over 2 years ago the company managed to get the Gubong permit approved. The month later, the Kochang permit came in. The company said it wanted to look for non-dilutive funding, which it managed to secure in the height of the initial Covid outbreak. It put a production plan forward to SAU, which was too short of timescale to fit in with SAU’s own plans, so SAU defaulted it’s obligations and automatically put its half up for sale. BMV managed to purchase SAU’s 50% in an all share deal, doubling its assets for much less than 50% dilution. Don’t forget the valuation either: The NPV was based off a gold price of $1,440/oz, which was then further reduced by 15%. The NPV was then discounted itself by 50% to account for unforeseen risks. Oh, and the terms of the JV allowed a further 10% reduction in value. BMV has got itself an absolute bargain in this deal when you look at the figures. On top of this, in the last two months BMV has signed the gold sale contract with Auric and got the Prospectus approved by the FCA.
Basically, BMV hasn’t been doing things at speed over the last two years, but the things it has done (listed above) are very positive for shareholders in the long term. There’s no guarantees with any stock, but some like this I am happy to keep being patient. A couple of quotes from Ian Cassel come to mind:
“Stocks rarely perform in the time frames we predict, and it’s why the market only works for investors that have more patience than they thought they would need”
“You don't deserve the upside unless you've done the work to stomach the volatility along the way”
“If you've done the work don't waste energy debating with people that haven't”
Wow another 24months MM that will be 10years AB & JMK have been here.
They seem good at selling an idea and little else
Similar pattern at Bigdish another set up that generated next to zero revenue for shareholders while all the money was squandered away.
Bigdish now dissolved i can see this heading the same way.
Hi moneymaker. I have started to miss those days of tumble weed and then just you and I!
I agree with your timelines - we have been patient in the past and will continue to be.
Spud - I am surprised you have not had a response if you are a holder. I have always got a same day response. Strange indeed.
The board will get busier when the share price next rises. It was quiet a couple of years ago when it was sat a little less than 2p. I think there was only myself and Jersey that used to post back then. It got busy just over a year ago when it was at 5.7p, as the sale was due to be concluded. Then it’s dwindled as the sale took 12 months to conclude, which also prevented any progress being made on production. Ironically Braindead and Ronald weren’t around de-ramping the stock during 2020 as the share price climbed from 1p - 5.7p.
We seen it time and time again how quickly the share price here moves as there’s a fairly low number of shares in issue, compared to many miners and/explorers (depending on how you perceive BMV). If you’ve been here about a month, and are currently at a loss, I’m guessing you joined after the Prospectus was discovered and the share price jumped from 1.5p - 3.1p. If you’re just looking to make your money back you may only have to wait until the next lot of news is released. If you’re looking to make big return here though, you should really be looking 24+ months ahead.
Very few people seem to write on this thread Trumpy bunion, yourself and brains, apart from me I have only traded in bluebird for just over a month
Hopefully so I always way up what looks good and what doesn't
Time will tell with bluebird
Bunion you do make me laugh, desperately clutching at straws
Your 2 mates track record here is appaling over the last 8years (maybe you can send your pal JMK another email telling him to get his finger out) lol.
No revenue
No gold
No hope
Blue Star looks interesting, but not the c.5 billion shares in issue.
Bluebird has at last got all of its ducks in a row….with the new website which should be up within the next ten days……which should be all revealing. Southern Golds 200 million shares are locked in for 12 months…..with gold production happening this year ceterus paribus….
.
You shoe eternal optimism Bunion I wish I di When price goes back to 3p I will leave this company and reinvest it in bluestar technology, also on lse but with much more potential, check out our Blue star lse thread for fantastic support for this company I have made a few Bob off them in last few weeks Worth a punt Bunion
The Apex gold mine was bought for 7m dollars, refurbished, and two years later sold to a major for 180m dollars……..that’s a great track record for Bluebird management.
Bluebirds mines are considered to be Apex ll …….with a gold bull market these mines could be a great investment…..
We’ve been through this over a dozen times…….you’re not a shareholder and in the past you lost a great deal of money for which you blame the company…….it was your fault, but you won’t ever accept it.
I could point you in the direction of a therapist, but you wouldn’t listen……..take a big bunch of bananas and go back to bed and just stay there……it’s Sunday and I cannot be bothered with your
Hapless bull……t……
Hopefully so Ronald
Hardly successful Bunion how much gold have they produced over the last 8 years ?
How much revenue Bunion, have they generated for shareholders from all the gold they have produced from (as you claim) "successfully opening all these mines"
2021 Gold Produced - ?
2020 Gold Produced - ?
2019 Gold Produced - ?
2018 Gold Produced - ?
2017 Gold Produced - ?
2016 Gold Produced - ?
If you can provide the figures back to 2016 please, 3 almost 4 years before the Covid excuse you use for everything.
Oh dear Trumpy…….I’m convinced that you are a closet buyer……either that or your completely bananas…….no disrespect of course…..or you can’t help yourself.
No on can take you seriously, so really why bother to post here.
Yet again ……Southern Gold have made a strategic decision to take a 40% share in Bluebird because Bluebird have a track record of successfully reopening of gold mines.
But if you are a non shareholder why does this bother you……have another banana ……..
"left commencing production until the best possible time"
How do you work that one out MM ?
You are talking utter rubbish,
They have had 8 years to produce gold,
8 years and nothing.
Their track record speaks for its self both here and at their other listing Amala Foods.
I have never mentioned the prospectus as you claim.
Top and bottom of it is these jokers have been stringing you suckers on for almost a decade and you are either eyeballs deep or to stubborn to realise.
Bowler has finally seen sense hopefully there is a brief spike on the next news that gives Bowler the opportunitey to get out before this sinks like their other listing.
No choice bunion
Cannot afford to sell at this price
Bunion AB & JMK have been here 8years bunion spinning the same lines for suckers like you that buy into the dream.
8years and how much gold have they produced fella ?
Look back over the years at all the RNS's, they speak volumes about what these have been doing.