Member Info for kezzman

http://in.reuters.com/article/glencore-pasar-idINL6E8JD3LI20120813

http://pasarcorporation.blogspot.co.uk/ So Bluebird have financed the processing plant which is filipino operated. Bluebird have helped get his processing plant up to standard. They then purchase the copper concentrate from him which they sell on to Pasar the smelter.

http://www.proactiveinvestors.co.uk/companies/stocktube/4467/bluebird-merchant-ventures-different-style-of-mining-junior-says-ceo-4467.html

If the Ethiopian tax man has raided their bank account it will take a very big large brown envelope to stand any chance of getting any of it back.

have Atlas been cooking the books no smoke without fire do wonder why they were quick to shut the business down in Kenya and get off to Ethiopa a bit sharpish Whats happening with the Joint Venture with Orchid in Ethiopia.

with Australia-style safeguards http://news.abs-cbn.com/business/05/26/16/duterte-favors-mining-with-australia-style-safeguards Joint Venture partner Australian Red Mountain Mining WE STAND BY OUR COMMITMENTS Our approach acknowledges our social, environmental and corporate responsibilities Committed to Sustainable Development in the Philippines The Company remains committed to safe and sustainable operations and maintaining its social and environmental ‘licence to operate’ among the communities that surround its operations in the Philippines. The Company’s safety, social and environment track record continues to be a strong focus. The Company recognises that any successful exploration and development venture must have the support of the impacted local communities. We encourage communities to become active partners in the development of the mineral resources found in their areas. The Company employs 54 Filipino employees, including 32 from the local Batangas-Lobo area. Many of these employees are involved, through our Philippines subsidiary MRL Gold Inc., in the Company’s well established social, community development and environmental programs that provide significant benefits to the local community. The Company has submitted a new Social Development Management Plan to the Philippines Government for approval, alongside other permitting applications, for the Company’s planned gold mine development. The Company is looking forward to approval of the Batangas Project development plan, which we anticipate will provide many benefits to the local community.

But now we have confirmation that Bluebird's (BMV) copper concentrate trading operation has banked its first cheque. More will flow and quickly. The company states that it has received payment from the smelter for the initial test shipment of copper concentrate that is in line with management expectations. It adds that the construction of the laboratory and other improvements at the processing plant is on schedule and nearing completion and it expects to renew the agreement with the smelter and to commence making regular shipments from the month of July. So we have proof of concept now we are set to see real cashflows which, again, on their own more than justify the current share price. The release does not say who the smelter, the partner, is. But we have discovered that it is a company called Pasar which is 80% owned by Glencore. So this is a real blue chip partner.

Joint Venture Partner, Red Mountain Mining Ltd - change of Board Bluebird Merchant Ventures (EPIC: BMV), the Philippine focused commodity trading and natural resources development company notes the change of the entire Board of Australian based Red Mountain Mining ("RMM") Seems quite drastic anyone shed any light on why shareholders voted to remove the whole board of Red Mountain Mining?

seems overdone to me

Sorry are you saying the fall is just related to the market falling and you have not sold?

Hot Stock Rockets

so he's stating not sold any shares on Bearcast and advising to sell on HSR hedging lol

He's stating not sold any shares

Seems there was a lot of rumours on BB this morning that Sprophets and TW had sold and Sprophets article coming advising to sell Seems alot panic sold on that

listed as well not AIM

for starters

bounce coming

stating on bearcast they have not sold any shares doing a piece on BMV at weekend

All good SP still cheap if trading business ok got to be worth 3.5-4p The Bantangas gold project was always longer term anyway ************* Winnifrith says not sold any shares

Bluebird Merchant Ventures (EPIC: BMV), the Philippine focused commodity trading and natural resources development company notes the recent significant movement in its share price and while the company cannot be certain of the reason for this movement we would like to state that the Philippine government has recently ordered an audit of all operating mines in the Philippines to ensure that the highest environmental standards are being applied. As such press reports have stated that several nickel mines have been suspended. The government has stated that it expects to complete the audit of all operating mines within the next three to four weeks. The Company would like to state that the Batangas Gold Project is not yet an operating mine and is not expected to be part of the current audit. The Batangas Gold Project is undergoing a permitting process in order to allow the project to enter the construction phase, following the completion of exploration. Whether the audit will be extended to further cover all projects is, at this stage unknown. Bluebird's other business is the trading of copper concentrates and the company recently announced receiving payment from its first shipment which was sold to a Philippine smelter. Bluebird elected to sell to a local smelter in order to pursue a strategy to value- add within the country. Bluebird's primary focus is cash flow and as such is primarily focused on its trading business and expects to provide further updates to the market in due course regarding expecting volumes and profit margins. We are close to completing the building of an assay laboratory at the concentrating plant in order to substantially cut down the time between shipping concentrate to the smelter and receiving payment. The Directors, at this time, believe that the current audit and general review of mining projects that is taking place will not affect its trading business.