Bluebird Merchant Ventures (BMV) has announced that work has suggested ore inventory and future production may be larger than previously expected at its Kochang project.
Just a few caveats. Align Research is paid to pump out the research below. Align and its boss, Richard "nobody likes me and I don't care" Jennings own shed loads of shares in Bluebird Merchant Ventures (BMV), and the "analyst" is disgraced, journalist smearing, part time PR man, the vile and repellent Dr Michael Green. Dr Green should not be allowed to work in financial services after his crimes as an enabler of the fraud Sefton Resources (SER). Having said all of that, I too have an interest in these shares and reckon they are cheap. Are they worth 9.58p as the ludicrous Green suggests? Er no. But could they double? Yes. And the note below explains why.
Bluebird Merchant Ventures (BMV) has announced sample results from South Korea, which, it emphasises, confirm that it is on the right path to 'proof of concept' gold production.
Previously updating on Bluebird Merchant Ventures (BMV), we noted clear upside potential on production, but also challenges to get there – significantly financial. Now, though, it has announced a “Funding package to accelerate move to production”.
The FCA has approved the prospectus as you can see HERE. But there is no RNS from Bluebird Merchant Ventures (BMV) . How odd. This is the last hurdle before production and so should drive a major re-rate. FYB.
Bluebird Merchant Ventures (BMV) has announced half-year 2021 results, including that the buyout of the project interests of joint venture partner Southern Gold (ASX - SAU) should be completed by the end of the year but that its project work has been restricted.
It has been a long year since the correction in Gold and Gold stocks set in. Back in August 2020, the yellow metal peaked at $2063, AIM-listed Ariana Resources (AAU) at 6.4p, fully-listed Centamin (CEY) at 232p, Golden Prospect at 72.5p and my minnow explorer, Standard-Listed Panther Metals (PALM) reached a then peak of 13.75. Now their prices at $1787, 4.7p (plus a dividend of 0.35p on the way), 91.4p (plus two dividends totalling 7 US cents), 48.5p and 12.875p. Ouch!
Bluebird Merchant Ventures (BMV) has made an “Operational Update” including that the legal transfer of the Southern Gold (ASX - SAU) holding in the Kochang and Gubong projects in South Korea was finalised this week and emphasising “a clear plan to bring about gold production commencing at the Kochang gold and silver mine”.
After what even the company admits has been a “lengthy” process (just a bit!), Bluebird Merchant Ventures (BMV) is “delighted that at a pre-deal market capitalization of £13 million the company has just doubled the assets of the business for a cost of approximately £7 million”. Is it right to be delighted?
