Member Info for Moneymaker2015

That’s what we’re awaiting confirmation of. It could either be:

1. An all cash deal, funded through the funder we have on board.
2. An all cash deal, funded through a placement (Unlikely as the BOD’s intentions to date have been to actively prevent dilution).
3. An all share deal with SAU.
4. One of the above, along with a Royalty.
5. A mix of any of the above.

I personally believe that there will be some form of issue of shares deal with SAU. Many of their shareholders were unhappy about them selling their 50% interest, so this option would provide them with cash, prevent them having to fund production and allow them to retain some interest in the mines. Yes, it would mean a small amount of dilution for us, but this is minimal in the grand scheme of things. Plus, it’s in our interest to keep SAU happy. They have a number of exploration targets that could be of interest to us, so developing a partnership now could put us in even better stead for the future.

Either way, in just over a months time we should hopefully be in a much better position than we are now.

It’s surprising the number of sells that have been going through considering the pivotal point in time that we’re at. Yes there’s a small amount of risk still, but in terms of risk/reward, BMV is definitely one of the best I’m aware of on the market... and that’s coming from someone that’s got a portfolio of about 30nr mining juniors and/or explorers. There’s few out there that are so close to production that are still able to provide a hefty return.

Roll on the 26th Jan (or sooner)!

This is one thing that got my attention the other day as that would be pure profit (before tax). Plus, if you think about Salinbas earlier this year increasing by 50%, 10% is very achievable, and all reimbursable. It makes it worth our while to spend that little bit extra on exploration in order to prove-up resources too.

As long as the deal has been dragging on, I genuinely think it will be good for AAU if it gets approved.

Roll on the dividends..!

Not going to lie, I’m getting the same excited feeling reading that as I did when I read EUA’s RNS about putting their company up for sale 12 months ago. You can see the BOD’s intention here is to focus purely on exploration and leave the production side of things to Ozaltin and Proccea. The circular even hints that we may be looking into acquiring other exploration targets.

Using 50% of the net proceeds of the $37.75m as a special divi is phenomenal too. Without knowing the local corporation tax rates and anticipated costs with the transaction it’s difficult to be accurate, but I’m anticipating it to be somewhere in the region of 1/5th of our current mcap.

Even though it has ‘Date TBC’, I particularly liked the expected completion of the proposed transaction as being ‘expected January 2021’. In just over a months time this could all be done and dusted!

As much as I wanted to see this through until the end. I also wanted to be completely debt free; cars, loans & mortgage etc before the end of the year.

Having been in here somewhere around 5 years now, putting about £4000 in around 0.45p, EUA has made me a life changing sum. It’s been nice seeing the company go from an explorer into a producer and also see the assets grow immensely in the process.

I’d like to wish all of you still holding the best and that the sale price is what you’re hoping for.

GLA

UFO’s an unusual one. I bought in there earlier in the year around 0.09p. It fired up to nearly 3p and people were saying “20p soon”. I even recommended people don’t buy-in as it had already had a percentage rise better than GGP and not far off EUA but people didn’t seem to notice, just because the actual share price wasn’t very high itself.

The moment that you hit the ‘sell button’, you are obliged to pay tax on any gain that you have made. It’s irrelevant whether or not you then transfer it to your bank account. Even if you then put bought shares elsewhere and lost money, you would still have to pay tax on the original sale, although you could then offset it against the loss.

Whether or not HMRC ever find out that you have made the gain is a different question, although tax evasion is an entirely different topic of conversation...

I reckon we’re going to see a lot of stop losses activated shortly as soon as we hit 40p!

dy, I know you say SAU don’t shares or royalties, but that isn’t correct. Shortly after they first announced it was up for sale, they had said a deal with BMV may consist of a share or royalty deal, so it has been on their minds since day one. Plus, when it was first announced there was uproar from their shareholders as it’s so close to production. They reason for the putting it up for sale in the first place is that the timing of the required funding to commence production didn’t tie-in with their business plan.

It will be interesting to see how it pans out. SAU’s share holders want to stay involved with the mines, but would also like a free carry on the majority of their other exploration work. BMV potentially have the option to pay them off in cash from our current funding partner, to avoid dilution. Alternatively, the dilution would be fairly low all things considered for mines this size, so would avoid requiring the additional funding.

As ConMan has said it will likely drift until further clarification is made as we may not actually hear any further this side of Xmas.

EUA may not get news tomorrow, but the offeror will have to provide an announcement to their shareholders if it isn’t an all cash deal, so we’d probably find out pretty quickly anyway. The brightside is it means an offer is in and we’re near the end game.

Hopefully we’ll get news on the figures this side of Xmas (preferably this week though), to counter this cr*p year everyone’s had due to Covid.

It could definitely have gone into a little more detail. However, it’s probably not the easiest to across to the market that an independent expert has valued something at next to nothing but we’re going to make a fortune off it.

I was anticipating news that a contractor may have been chosen and a commencement date set before we heard news of the valuation. Now I’m wondering if everything is going to remain hush hush until a deal with SAU has been done.

Yeh to be fair we don’t how much they’ve received already. Although now, we do know the funding is enough to commence production and buy them out in full if that’s the route we opted to take.

The catch 22 today’s announcement is that even though we wanted a low valuation, in theory it’s also saying to the market that BMV is only currently valued at circa £7.5m too, which is significantly lower than our current mcap. Hopefully the BoD will confirm their intended commencement date and what the 2021 production target would be off the back of it. The will get a few more heads turning our way.

Well it doesn’t include the ‘Bluebird intends to settle in shares based on Friday’s closing price, the date of the determination’, but the rest of it is as expected.

£7.5m for the remaining 50% is an absolute bargain considering our profit for yr 1 is expected to be £8.4m. Align’s 50% discounted figure of 31.87p is looking closer in site right about now.

I don’t tend to cross ramp much but I’m more curious than anything else. Shortly after we suspended someone posted on here asking who the ‘next’ EUA would be. I’d said BMV were my ‘EUA nr. 2’ and that they were an absolutely bargain at the time around 1p. They’ve already gone up to 5.3p and are going to release some big news this morning. Just wondering if anyone grabbed a few when I’d said at 1p?

I’d be interested to see if this does actually get posted tomorrow. I never believe it when people post things like that, but it would be nice to see it happen for a change.

In relation to it actually happening, it would be the best option for everyone if it did. SAU didn’t want to carry out a raise for their 50% of the initial production costs, which is why they put it up for sale. Their shareholders kicked off about selling the two projects, so doing an all share deal would give them exposure to both our South Korea assets and also the Philippines (if it ever gets off the ground). If the figures are correct it’s somewhere in the region of 150m shares, so effectively their holding in the mines will have dropped from 50% down to around a little less than 40%, with Batangas on top.

Keeping SAU on side is also very good for BMV as SAU have a lot more assets over there too. We may get the opportunity to do this all over again in a few years time.

As I say, I’m sceptical of the news but it could be a very good outcome for all parties. Plus it keeps us in a very strong cash position by avoiding spending the funding.

Stealth,

I like this post as it describes so many people, not just on this board but others also.

The problem is that when a lot of people have invested their money somewhere, they don’t like hear any negative news or ideas about a company. Here is a prime example, if someone says with no substantiation that the sale process will make £2 per share, people will like it because they’ll make a lot of money off it, yet they wouldn’t call you a ramper. However, as someone said 2 days ago they thought it would bring in between 28-37p, lots of people pounced on him and accused him of deramping. Whilst the sp was 28p at the time no one would have lost any money, they just wouldn’t have made the amount they’re hoping for, so started giving the guy abuse and saying he’s going in the ‘green coffin’.

People ‘deramping’ a share shouldn’t be a concern, unless you’re naive enough to believe what something someone posts on one of these boards has the ability to decrease the value of a stock on the stock market. It’s people ramping a share and coming out with excessive valuations that you need to worry about as that can lead to new comers blindly investing their money with little research.

Either way, I believe some people are so worried about their money causing them to lash out at potential threats to it. When it’s invested it’s just ‘monopoly money’ that you may lose. My account fluctuates £10-20k every day (if not more), but it’s meaningless to me until it’s in my bank account. The old saying goes ‘don’t invest more than you can afford to lose’. If you can’t afford to lose it then it will probably lead to you attacking out at anyone you see as a potential deramper.

I can’t imagine Rowka has sold-up. He’d done some thorough research considering he hadn’t been a holder for a very long period. He also thought we could reach a sale price upwards of £3.50, so it would take something drastic for him to sell.

I miss Lamtree’s posting. As negative as he was, he stimulated a lot of conversation during the suspension period.

To be fair, there’s a lot of LTH’s I never see posting anymore. A few started disappearing after we rocketed to 4p, then many had stopped posting altogether by the time we suspended. A lot of new posters appeared 1-4p after the company announced the were looking at a potential sale, some of which have already disappeared.

There’a been a lot that have fallen overboard now I start to think about it. The last 12 months have seemed extra long though, feel like I’m only just clinging on to the deck myself!

No worries, as I say definitely DYOR, but this is one place that I believe has potential in the short term if things go to plan. I see it myself as a long term hold though, only because of the some members of the BoD have bought an old mine back to life before and then sold it on for a very hefty sum. My view is that they’ll probably do the same here in a few years time, which would mean a very nice sum for shareholders.

Having been in EUA for about 5 years it will be nice to know what that end figure is going to be. I’ve done alright there already to be fair. Managed to take our 10x my initial investment over the last 12 months, whilst also retaining a few 100k shares.

PartyPooper, the company is expecting huge news early December.

Long and short of it is;

- BMV currently own 50% of 2 mines. Their JV partner is looking to sell-up so they can concentrate on their exploration work elsewhere, rather than going into production with BMV. BMV have first right refusal on the purchase, which an independent expert is currently drafting a valuation of the mines. We’ll know the price early December and BMV only have to pay 90% of the figure.

- BMV intend for production to commence early next year, gradually scaling up to 100k oz gold per annum at the 5 year mark. To put it in perspective, that’s in the region of $100m per annum after cost at today’s gold prices.

- The BoD have also already obtained non-dilutive funding for production, which we are hoping may also cover the acquisition of the JV’s 50%. Currently we only have circa 380m shares in issue, which is extremely low compared to many other mining companies looking to produce the volume BMV are.

I am very biased, but I’ve got quite a varied portfolio and in my opinion, BMV are one of the best kept secrets in terms of junior miners (provided we get the news we’re hoping for in the next couple of weeks). Obviously DYOR, but the link below is a good place to start:

http://www.alignresearch.co.uk/cpt-company/bluebird-merchant-ventures/

I’ve definitely loaded up more here than I originally intended too! I did the same with EUA when that was at 0.45p and it worked out alright there, fingers crossed it there’s no regrets here either.