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I just bought a few but had to go NT for 10 minutes...
Something very odd going on, as still can't buy, but can sell.
Looks like a 5m sell today?
Haven't been able to buy since Friday last week ( regardless of amount ), but interestingly can sell. This is the bottom as the new investor is getting a discount with a minimum floor price of 0.44 pence, which it will be at once the discount is taken into account( 25% from memory ) with this price.
Bsg4 - I will watch for below 0.5p if you feel 0.4 is the bottom.
I can’t help but feel that buying in now…. well you can’t go too far wrong.
Then again there are many shares like that lol. The market is a mess.
Still, if the permit lands this will do 100%+?
I say if, probably should say when.
Not invested - yet - but I hope to buy at these prices at some point.
0.4p is the lowest that can be paid by II taking up the slack shares @ 20% below VWAP. So the bottom could be 0.4p.
Down another 7.41% today! Where is the bottom...
Can’t believe I’m chasing this down - has the market gone mad?!? https://x.com/alignresearch/status/1715621924531786089?s=46&t=jiCdAhZe9lOnDLSWDPNucQ
We are clearly in a bear market where risk is off and especially in AIM listed small companies, no-one cares about potential gold ounces tomorrow it seems
I don't get this share Selling on Good News like that? Seriously This share is in a stronger position now than when it was worth 4p or 5p. GGP and GRL moved vastly on these types of news...
Yet it's barely moved!
About me...
I am a Novice, DYOR and I am invested here...
Its been a long time,the mm's book,is looking very good on here.
True, I overlooked that.
I would assume they have a non disclosure agreement.
27 September 2023
Bluebird Merchant Ventures Ltd
('Bluebird' or 'the Company')
High Grade Lobo Gold Prospect To Be Drilled In The Philippines
Advancing the third gold project in Bluebird's portfolio
Bluebird Merchant Ventures Ltd, a gold company primarily focused on bringing historic mines back into production, is pleased to announce a fully funded 5,666m drill programme at the Lobo prospect of the Batangas Gold Project in the Philippines ('Batangas' or 'the Project'). The 34-hole three phase programme is aimed at further delineating the Project's identified high-grade targets, upgrading the current mining inventory, and providing data to develop an underground mine plan.
Overview
-- Lobo is a high-grade gold mining opportunity within the Batangas project area being developed in tandem with a local highly experienced JV partner in the Philippines.
-- The three-phase drill programme will be initially focused on the South West Breccia ('SWB') target, which has not been tested at depth or along known extensions; this is just one of nine targets in the system, which has a current 15km strike.
-- SWB has only been drilled to 80-100m but produced the majority of the initial Probable JORC Compliant Ore Reserves of 171,000 tons at 6.6 g/t for 36,000 oz Au excluding silver credits that can be mined in the first 18 months of any operation - Indicated Resource of 82,000 oz Au.
-- Results at SWB extensions included:
o 6.7m at 11.6 g/t Au from 9.3m.
o 18m at 6.85 g/t Au from 31 m down hole.
o 6m at 7.16 g/t Au from 43 m including 3m at 11.5 g/t Au.
-- SWB is likely to be the first area to be mined by the JV - drill data will be used for a mine plan and included in the Definitive Feasibility Study ('DFS').
-- Lobo licence area is highly prospective with results across the nine identified targets including:
o 2.1m @14.4g/t Au and 3m at 12.1g/t at West Drift, which already has an Indicated and Inferred resource of 350,000t at 3 g/t Au.
o 8.35m at 18.3 g/t Au and 6.0m at 31.2 g/t Au located immediately west of the SWB Extension.
o 19m surface channel sample with intersections of 19m grading 9.8 g/t Au at Ulupong.
o Limestone Target trenching yielded 3.5m at 25.9 g/t Au including 1.5m at 56.8 g/t Au.
-- Batangas is one of three gold projects being developed by Bluebird - the other two, Gubong and Kochang, are in South Korea where encouraging progress is being made regarding the grant of the Temporary Mountain Use Permits the final permit to allow production.
Bluebird CEO Colin Patterson said, "The Batangas Gold Project, one of three high grade gold projects in our portfolio, is being advanced to a production decision by our local JV partners in the Philippines. The focus is on the development of the Lobo 1,160-hectare area where five parallel running high grade epithermal veins have been identified over a 15km strike. Previous shallow drilling over just 1km delineated a resource primarily at the S
Wouldn't you want to disclose your S Korean partner being a Billionaire...
Have you got any proof?
Sounds great! but just would like some hard evidence if you hard any please :)
"Did anybody else go to Sharestock Saturday? The interview with Colin Paterson was very interesting. He let slip that aside from near term drilling at Batangas that the major asset Gubong is v close to TMUP being issued & that the partner in S Korea is a local billionaire bringing project finance to the table post the permit issue. They are expecting 2-3k ounces of gold production to start next yr, prob Q3/4."
I'm not going to lie I'm excited for this month... could be extremely promising.
More big buys. 2x 5 million
Lots of big buys the last few days since rns on 23rd August.
I think we need 60 million shares to move for us to make percentage changes. however there have been lots more buys than sells over the last few weeks.
but I don't think the numbers are enough... at present
2,350,000 (£19.98k) buy at 10:12:19
I totally agree it be over 10p
Interesting. Can someone confirm if my way of thinking is correct?
We are now all dependent on the good news or bad news regarding the Mining Permit. It will potentially make or break this company? This should all come to a head within the next 2 months...
40% of Philippines mine is ours, we pay 0 expenses
Catalyse Confirming they will buy the SAU shares over time shows their confidence in the company.
The Company is now Debt Free
Directors have salary sacrificed to reduce overheads
If it's good news I think we will have a GGP and GRL moment where the share will rocket to 4p+ and beyond very sharply and quickly. The hype behind the company and interviews will result in huge amounts of people and money flowing in hyper inflating the share.
If its poor we will go down further...
I am invested here, DYOR I just wanted to others opinions.