RE: Metal Tigers RNS10 May 2022 20:19
Mr Stillie included this statement in his commentary on his appointment:
I am also pleased by the recent announcement by Bluebird Merchant Ventures Ltd (BMV) that they have secured funding to advance towards gold production in South Korea. To assist in achieving the funding package, as a major shareholder of BMV, Southern Gold’s sale of 50 million BMV shares will result in approximately $0.9 million that will be directed towards our exploration activities. With our remaining shareholding of 150 million BMV shares currently in 12-month lock-in, I look forward to an increase of our shareholding value which has a current market valuation of $5.8 million.
There you go - SAU expect BMV shares to increase in value - I am sure that if they can help in any way that they will do - it's in their interest to do so.
I am personally expecting an update in the next 2 to 3 weeks - nothing happens fast here - but that might all be starting to change of course with the statement of proof of concept this year! Bring it on.