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Brainstorm if you read this forum you would know it was not my tip off. I was referencing another poster. I'm the words of Manuel....I know nothing. Only wish I did!
So Jersey...what happened to your tip off about a new website this week?
Given the potential news flow over the next 12 months and that a new website is being created, BMV need to run a big PR campaign if they’re looking to get new shareholders interested. A few videos on the road to production wouldn’t go amiss. Even if it’s just a couple of photos or a 20 second video every couple of weeks, share holders wants to see progress, no matter how small it may be.
Nearly 3% down on 2 small trades totalling circa £700. Cue the new website please and inject some positivity.
Every year up to 2024 will be great years for gold !
Looks like 2024 could be a good year for gold. Hopefully BMV will be ramping up production and undertaking a JORC at the same time too.
https://youtu.be/y7iERsCo2s8
Wow...check this gold analysis
I remember watching that last year, had to laugh when they brought up the break even price of production, then neither of them could remember what it was.
I’ve always liked the BoD when it comes to interviews because they genuinely look excited about the opportunities in South Korea.
It’s failing to meet timescales, without any explanation that is slightly frustrating. They had said for a long time that production was going to start in Q4 2019. Yes, the permits came later than expected, but funding wasn’t finalised until mid-way through last year, so they wouldn’t have achieved 2019 even if the permits arrived early. Same with finalising the deal, there was no need to leave it until the final day in Jan to make an offer. It’s why I don’t like that in the last RNS they said “It is difficult to set out a precise timetable at this point as the Covid-19 pandemic has presented various challenges”. It relieves all accountability for things progressing at a slow pace.
https://www.youtube.com/watch?v=EZxR_U2TJWY
Stumbled across this video. It was from a nearly a year ago but maybe some indications of timings are mentioned considering not much has happened on the ground since it was posted. Also, some of the difficulties of mining in Korea are highlighted, which are mainly the lack of mining expertise and the difficulty of importing those skills.
Sorry if this has been posted before, as I say, I stumbled across it on YouTube.
Picked up another 120k shares today at an average of 3.24p. Now the deal has been sorted and the risk has reduced, thought I’d take advantage of these low prices to finally get my holding over the 1m mark.
The issue is the timescales and lack of in some cases. Saying works to the entrance is going to take two months and then cleaning up has to commence was always going to have a negative effect on the share price because it’s basically saying production is going to be a while off yet. As you say, it’s traders trying to make profit elsewhere in the meantime.
18 months should hopefully be good, but I’ve got a minimum of 5 years in my head here. It’s that production rate of 100k oz that I’m looking at. Yes, it’s a years away, but I would be astonished if that share price hasn’t hit 50p by that point.
I think that you hit the nail on the head bunion when you mentioned 'traders'. Investors on the other hand should seriously look at this stock with a view to an 18 month (maybe less) holding - the potential for serious multi bagging in that time frame is huge in my view. Looking forward the new / revitalised website and progress news over the coming months. In the meantime I am not going to let short term SP movements dampen my view - let the traders do what traders do.
ATB
So we have an experienced management who have already successfully refurbished gold mines and sold those mines at great profit, we are funded through to production with up to 100,000 oz of gold in prospect, the price of gold is forecast to continue rising ( with inflation, enormous worldwide deficits ,the Chinese public now allowed to buy gold)….and yet traders sell BMV….
Great to see the BoD communicating. Happy to hold for gold here.
ATB
Only 400k shares trades. That's around £12k and they drop it 7%
SP drop is not warranted but suggests some "investors" are put off by unclear timescales to production and profit. Further when will 10,000oz target be met? In the meantime why not put money into companies with more immediate prospective returns and sell later to invest in BMV? Obviously disappointed as I have a chunk of shares. Patience will be rewarded but why park money when it can get a return elsewhere and still be deployed here later.
Shocking there is no interest with the numbers looking so good
Market cap of £14M is unbelievably low, looking at potential revenue of $18M building up to $180M .
It’s a shame they couldn’t clarify the timescales. However, the “ commence with production at 10,000 oz of gold per annum building up to 100,000 oz” is a subtle reminder to the market just how big these projects are compared to our current mcap.
Well I am impressed. Really good update. Local team in place starting work and management going to have boots on the ground in months.
And excellent grades from just clearing up