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Having had since 2019 the company now has until December to make the mines safe and hit production its going to be a tough task and if the BOD pull it off it will be a great turnaround, but i'm not convinced that in the remaining timeframe they are upto it.
Correct Spud the BOD need to update shareholders its an absolute joke, Bunion an JC haven't slept since Christmas worrying how to explain to the kids where their inheritance has gone.
Correct Spud the BOD need to update shareholders its an absolute joke
Tick tock tick tock time is running out fast.
Only 10months left before the permit revoked.
There you are 3rd member of the fanclub
Are you claiming inside info again bunion and that they have longer than the timescales they reported in 2019
Go back to sleep fella or are you struggling now the realisation is settling in.
I think you know full well they wont be producing in the next 10months.
JC you need to stop quoting covid as an excuse for everything there is no getting away from the following.
December 2019 (rns permit granted)
The permit grants the holder the right to develop and operate a mine for a period of 13 years. ""The only constraint on the permit holder is the requirement to have production within 3 years"". The permit may be extended by a further 20 year period by application 18 months prior to the end of the permit term. There are no government royalties in South Korea.
PRODUCTION WITHIN 3 YEARS (Only ten months left)
and the rns clearly states PRODUCTION not construction
Quickly running out of time :-(
Covid or not they don't have long left JC
December 2019 (rns permit granted)
The permit grants the holder the right to develop and operate a mine for a period of 13 years. ""The only constraint on the permit holder is the requirement to have production within 3 years"". The permit may be extended by a further 20 year period by application 18 months prior to the end of the permit term. There are no government royalties in South Korea.
PRODUCTION WITHIN 3 YEARS (Only ten months left)
and the rns clearly states PRODUCTION not construction
Quickly running out of time :-(
Glad to hear you have done your due diligence, at least it will come as no surprise when this drops below 1p.
The website they was building last june/july, what the best platform to search for it (i can't find it using google)
Hope the crypto planned for funding hasn't been affected by the south korean governments crack down on crypto's, worrying times ahead imo.
Looking forward to the launch of the new website (waited long enough) in the mean time
Many of South Korea’s 200 crypto exchanges are facing an “existential crisis” as they struggle to meet the conditions for regulatory approval to shake one of the largest cryptocurrency markets in the world.
In order to obtain a business license as a legal trading platform, Korean exchanges must work with local banks to open real bank accounts for customers. However, the banks fear that this could make them liable for money laundering in digital currencies.
With funding here coming by way of a new crypto launch, makes me wonder if the above could be the reason for the lack of progress and radio silence, with a 15% spread it will be a worrying time for alot of shareholders trying to escape.
Update needed to try to ease the nerves, things certainly starting to get to a few over commited holders.
Bowlers and bumion both claiming they have access to inside information, be hopes for yourselves and the bod you are talking bs or there will be consequenses.
FCA will surely be interested in your claim bumuion, get your statement ready.
I have been informed ( basically claiming to hold inside information) be prepared for a k ock on the door sometime in the next week or two Bumion.
Bunion are you claiming the board have provided you with inside information before releasing to the general market
Thankyou for this information i will be making a report to the fca first thing monday morning
A bold statement from yourself !!
The board is for balanced opinions JC
Not for a fan club - aka lynch mob calling on people to explain themselves.
If almost 7months have passed since an RNS stating works had started and would be complete in 2months yet 7months later no update from a BOD that appear to have gone awol, then potential investor for balance should know.
This is heading sub 1p imo as investors lose confidence and the board appear to be achieving very little.
Things not lookin good
July 2021 - The initial work program is the refurbishment of the main entrance to the mine. This work will be undertaken by experienced local contractors. Site visits have taken place and planning is underway for the work to commence. This will take two months (=September)
Not sure why over 6months on, there is no update ?
The board appear to have gone AWOL
Understandably investors will be panicking and trying to sell due to the total disregard and lack of information.
Bunion, you are paying the boards salarys you deserve better !!
As do all share holder what these charlatons are getting away with is considered criminal by some on this board.
They make report/promise after promise and fail to deliver and couldnt care less about current shareholders left waiting and wondering.
They are a joke and share holders deserve better.
I would be worried that this is nothing more than a lifestyle share.
They could take shares instead of salary
Then quietly sell the salary sacrifice shares in the background.
They could have company credit cards for all their expenses, meals, holidays, hotel stays, flights, and so on.
What a lifstyle they could live until the suckers had dried up.
Then simply wrap up and onto the next sales pitch.
Looks luke CB&co have been hitting a few duds hence delayed reporting on alot of the holes
The 1million definately looks like a sell someone secretly offloading in the background
No news proceeds bad news as the saying goes.
Annual Financial Report 31 December 2020
Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group is pleased to publish its Annual Financial Report for the Year Ended 31 December 2020. The Annual Financial Report can be downloaded in PDF format from the following link: http://www.rns-pdf.londonstockexchange.com/rns/6922D_1-2021-6-30.pdf
The Company announced yesterday the commercial agreement with Southern Gold to increase its stake in the South Korean gold projects to 100%. (""The Company looks forward to progressing towards production with its Korean funding partners as announced previously"")
THAT WAS DATED 2020 I WONDER IF THE BOD ARE STILL LOOKING FORWARD TO PROGRESSING TOWARDS PRODUCTION NOW WE ARE IN 2022.
I politely suggest they get a move on if there was ever any intention or at least provide an update.
Shareholders are still waiting for the first shovel to hit the ground, its a complete shambles imo
15million M/C talk about overvalued