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Trading volume for BMV shares today is ~25 times higher than normal. A piranha feeding frenzy. The shareprice has jumped +50% by lunch, top of the UK leaderboard. Bullish signs.
Perhaps just being walked up slowly at this point? Time will tell as always.
Its 90.5 to sell in reality
I would add that even with the current spread, I think that the SP versus potential makes any short term spread a mute point unless you are day trading.
I wonder whether the early bird is now looking to swallow the worm and they are working on a large sell order? Hopefully not!
Looked here to top up from He1, but HL have 85 to sell! What's up with that!
Great news today.
Given the gold price there is plenty of NPV to go around, we just need a good local partner who is expert in the areas we need to get this built and producing. Without having to go back to market to raise money.
Tiny market cap here, so much potential.
Literally 1 sell in the last hour - I make that 30-1 wtf is this still doing under 1p.
Was held back all morning by the looks of it! Someone bought 200k worth that’s not something you see in live trading sessions often!
It’s a blue sea atm expect 1-1.1 after lunch for starters!
And lets face it - a 4 bagger has a nice ring to it from these levels but with BMV you do need to learn patience - this will not happen over night - but 50% in a day is a good start :-)
Entirely feasible looking forward - that would only be £35M MCAP
Very crafty to hold back the price to fill them big orders.
Nothing surprises me.
RNS showing here now! Well done anyone coming in this am. Always use the real LSE site for news flow it never fails unlike here! I smell a mega rise now
Massive development.
Bobat - its been like that for much of the morning and certainly on opening when they were clearly filling those 2 large buy orders.
Worth reading the RNS few times - as jyee highlighted below they are also evaluating a similar agreement for Kochang - if its the same backer and similar terms (free carry) can you imagine the further impact on the SP!
In your research you will note that this is about restarting disused mines - its what the BoD are expert in - no big long lead in. Worth checking BMV presentation slide on X - targeting initial production at 25K osz AU and rising to 60K oz. If AISC remains in the ball park of 630 per oz (round up to say 800 for inflation) - and POG say 2300 - or 1500 profit per oz - multiplied by 25K = 37.5M USD - our 40% = 15M. Hugely rounded figures I know but that is just the start.
RNS Just shown up.
GAMES
FARM OUT COMPLETE 5M!!! and not evenflagged on this site, under teh radar we fly.
https://www.londonstockexchange.com/news-article/BMV/us-5-million-farm-out-agreement-for-gubong-project/16456050
BMV's NPV today is around 30 times higher than the current shareprice / marcap. Its expected free cashflow is around 7 times higher than the current shareprice / marcap. The upside potential here is huge.
Unable to get quote for large amounts
FARM OUT COMPLETE 5M!!! and not evenflagged on this site, under teh radar we fly.
https://www.londonstockexchange.com/news-article/BMV/us-5-million-farm-out-agreement-for-gubong-project/16456050
Maybe or it might take a few days - people sometimes get spooked at large % increases bt frankly if they do their research, the only reason the % are great at the moment, is that the SP fell to such low levels and for understandable reasons given the lack of progress. Clearly progress was being made in the background though - we just didn't know it!
Transformational news today frankly but don't take my word for it - DYOR
52 week high 1.5 last may. Hopefully will beat this today
A few of us have been here for years waiting patiently for just such news - now we are on the leader boards BMV's existence will become wider known.
The risk / reward potential is amazing with, at the risk of repeating myself - a free carry.
Great update. News spreads very fast and investors snapping up while it's dirt cheap.
Yup free carry being the relevant words here!