Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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What percentage of total stock do market makers usually hold?
Seems like the past few days have seen a beg volume of buys with not a lot of sells. Would have thought the majority of holders at this stage were in for the long term so kinda surprised the share price has not risen even further given the big volume.
Unfortunately, the previous government in the Philippines wasn’t very helpful at and tried to put a stop to all future mining developments in the country, which is why BMV shut up shop there about 5 years ago and wrote the Batangas mine off completely. Fortunately, the new government is the opposite and is encouraging mining.
The exploration was practically complete at Batangas by BMV’s previous partner, but for an open pit mine. The licence extension has been granted but for an underground mine only, so the new JV partner is conducting final exploration to enable a DMPF and ECC to be submitted.
Last time I checked, it is funded by the Junior Partner until it hit's a certain point. Then BMV will have to support the further progression.
The terms of that was split it with the JV, at a 40% us 60% them...
Please feel free to correct me if I misunderstood...
Also from my knowledge that project is still not added to BMV's books... in terms of valuation...
DYOR, there are others here with better knowedge of BMV than myself.
The phillipino mine, what do you mean by 40%? Is it being built? I thought they just do exploration over there, which means there is still long way to building actual mine in there. BTW I have been a shareholder of MTL also located in that country. The government over there is very supportive.
Money maker. Thanks for that.
They have 2nr mines in South Korea. There Kochang, which is awaiting the permit. They also have Gubong, a much larger mine (2nd biggest in South Korea when it was running decades ago). They’ve held off submitting the permit for Gubong due to the issues they’ve had recently with the permit at Kochang. As it’s much larger and will have a bigger social & environmental impact, the plan is to bring a local partner onboard now before submitting the permit. The idea being that it won’t just look like a foreign company coming in and destroying local areas for a quick buck. They’ve done this in the Philippines and it seems to be running smoothly so far.
In essence, they have 3nr mines collectively.
Boldicus. Nice summary. I am new here as you know so just 1 question on the South Korean permit? You list 2 mines in South Korea and 1 in the Phillipinnes. Does that mean 1 of the South Korean mines already has a permit? For some reason I thought it was only 1 mine they in South Korea and that was the one they were waiting for the permit on?
Mate, it's been overdue for 12 months+ you can see it in the RNS statements go bk to September...
however southern gold was dragging the price down... align soaking their share up relieved concerns... and was a increase of their position...
don't get your hopes up to quickly... I've been here for 3 years...
gradually building my position. The company fundamentals are good!!!!
debt free
2 mines south Korea
1 Philippines (40%)
hoping for it to explode or get a rerate back to 2p where it should be
Piot. I'm no expert but as far as I can make out it's partly due to anticipation of a permit being granted for the South Korea mine which is overdue and I believe Align have increased their stake here. And its hopefully bottomed out recently.
Permit is not granted, yet.
However, before we hear anything official we will see serious price action. It always leaks.
Come on peeps.. this is worth 4p of anyone’s money - Permit granted => Production…
Siennaj
Good luck with that. Look at recent situation with Shanta Gold. They sold ridiculously cheap. That was a joke. Having said that, 10p would be fantastic. I hope you're right.
Any idea why shares going up recently? Some good news coming or just a bounce?
Nubi. I would b happy with a buyout at 10p plus!!!
Just hope not a buy out, at this level of price dirt cheap
Jyee. New here but I feel someone is in the know and buying in bulk. Only got 300000 shares but hoping this will take off swn
"The company said Catalyse is buying Southern Gold's 122.5 million Bluebird shares, or around 18% of issued Bluebird shares. 22.5 million of those shares will be bought at at 0.55 pence per share with settlement due on Monday. The price is an 11% discount to Bluebird's share price of 0.62p at the close on Tuesday. The remaining 100 million shares will be purchased by Catalyse in four tranches of 25 million shares each, to be settled monthly from September to December."
They dropped the ball on this permit . Schoolboy error considering how much they have personally invested. Hopefully they are getting very close to obtaining this permit which might explain the current buying and Catalyse Capital Ltd increasing it's stake. All hinges on this permit and then it's all systems go. GLA
Another 2x10 million buys.
Another biggy there at full ask again
Southern gold out or still have some left i wonder
Nice.2 x15 million buys
Good signs!!! 2 big buys as well.
070 paid
According to the CEO today, Bluebird are awaiting SK government approval for the Mountain permit………