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I understand that it is the company’s intention to update their website in the very near future.
Of course it has been two of Southern Golds directors who have “leaked” the info about the imminent positive news about the deal with Bluebird.
Given the fact that BMV is funded through to gold production without the need for any share issuance makes Bluebird a very strong buy. ......imho
@bunion it doesn't work like that. The LSE doesn't police companies websites, they rely on people reporting non compliance with the listing rules
Good luck to all, but a company that can't even be arsed to comply with the listing rules of the exchange (and there are multiple examples on the website, use of social media to leak info, inaccurate and misleading or missing RNSs) makes it uninvestable to me YMMV
It looks as if theLSE are not bothered either. The company will no doubt revamp the website following the next RNS statement confirming the deal with Southern Gold,the non-dilutive funding, plus plans to reopen the mines and start producing gold.
We now have two Southern Gold directors confirming that the deal has been agreed and the necessary contracts are with lawyers........
@bunion
That isn't correct. The company is listed on the Main Board of the London Stock Exchange, Standard Segment. As such it is required to adhere to the LSE listing rules, one of which is to post all public announcements on their website in a timely manner
https://docs.londonstockexchange.com/sites/default/files/documents/admission-and-disclosure-standards-new2018.pdf
See section 31
Their website has contravened LSE listing rules for ages but the management don't care
As a company on the Standard List there is no official requirement to keep the website up to date.....we are all just waiting for the big RNS........
Lucky we have SAU to fall back on, otherwise the SP would be sub 3p
Last update from the company was 2 and a half months ago. Considering the stage we're at its very disappointing
Don't forget that this is a company that cannot even keep its website compliant with London Stock Exchange rules
https://bluebirdmv.com/category/regulatory-news/
The fact that they are not issuing an RNS when, although not required, would be a matter of keeping investors informed, should not come as a surprise
Let's hope so bunion.
ATB
A big show of confidence with one and a half million buy after normal trading. BMV news must be very close......
They are not obliged until there is a signature on dotted lines. I’m hoping as they have a funding in place and the deal is with lawyers they would have used this time for all the background work to start first pour sooner.
This is getting silly....BMV need to issue RNS pdq
BREAKING (From *************):
Yet again Winnileaks has obtained an email sent by a board member at Southern Gold which indicates strongly that a deal with Bluebird Merchant Ventures (BMV) allowing the Standard listed company to buy the Gubong and Kochang mines has now been agreed.
If a deal is done, Bluebird is fully funded to bring both miners into production and with 100% ownership surely the shares will be re-rated dramatically from the current 4.4p.
Pro tem it needs to issue an RNS.
Thanks for the update guys...would be great to hear something from BMV as a holding position
SAU 10% higher on this update.....BMV, RNS confirming the same please?!
SAU’s Q1 update this morning/last night says:
“Discussions are now in an advanced stage and Southern Gold expects to update the market in the coming quarter”
It corresponds with SM’s previous comments ref: H1. We’re already a month into Q2, so any day between now and the end of June, the news we’ve all been waiting for should drop.