UK 09:42 Thursday, 8 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Oh dear, is there nothing this disgraced CEO will not do? With Bluebird Mining Ventures (BMV) running on vapours and the company desperately trying to get another bailout fund raise away. But there is a problem: more than 100 million exploding warrants which get repriced and resized with every placing.
I have today been told in writing that the warrants in Bluebird Mining Ventures (BMV) held by wife’s company, FIML, are to be cancelled tomorrow unless I ask for a review which I now have. Now the key element to these warrants is that they reprice and resize with every placing that Bluebird carries out and so they have material option value. This is quite simply theft
Bluebird (BMV) has today announced that it has paid £75,000 in cash for a 120 day option to buy El Alamo Resources Ltd for £250,000 – with more payments depending on progress. This stinks to high heaven.
Running on vapours, under FCA Investigation for misleading investors, its CEO Sath Ganesarajah facing Richard Jennings in Court next Friday with the City’s second most hated man suing for a financially ruinous sum, things are likely to get worse on Wednesday with a second legal claim. Mitch Tarr is on the warpath.
Standard-listed Bluebird Mining Ventures (BMV) has form for announcing things that are not true, such as head honcho Sath Ganesarajah’s commitment to lend the company money in a convertible note at 2p per share. That is why he faces two Court cases and an ongoing FCA enquiry, as Tom revealed last week. But this morning’s announcement really takes the biscuit.
Oh dear, oh dear. It seems that the legal woes of Bluebird Mining Ventures (BMV) boss Sath Ganesarajah are getting worse. The next month will be bloody. Not only is the FCA investigation into the untruths he told about lending the company $2 million in an interest free loan convertible at 2p a share ratcheting up but there are the other court cases. First up is Richard Jennings, the City’s second most hated man and we now have a diary date.
There was another corporate update from Bluebird Mining Ventures (BMV) yesterday. Gallons of MBA wankspeak cannot hide the fact that the company is guzzling cash, largely in related party deals and management troughing, and is running on vapours. As if that was not bad enough, the FCA is all over CEO Ganesarajah over misleading statements made in RNS’s and the City’s second most hated man Richard Jennings is suing Sath for more than £500,000. And now…
Oh for the days when CEO Lyin’ Sath Ganesarajah was going to put cash in via interest free loans convertible at 2p. Shares in Bluebird Mining Ventures (BMV) have today hit a new low of 0.0475p, a market cap of just £1.4 million. Less than a year ago Lyin’ Sath said he was going to make this a billion dollar ( or was it pounds) company!. Maybe he was talking Zim dollars? Three questions for Bluebird’s disgraced CEO:
To think that Bluebird Mining Ventures (BMV) shares were almost 2p last summer. Today they have again fallen, to just 0.0575p despite disgraced CEO Sath Ganesarajah issuing two ramptastic updates so far thus month. Is the ongoing collapse because:
The audited accounts of Bluebird Merchant Ventures (BMV) for the year ended 31 December 2025 are finally out this morning so dodging a share suspension and show a loss of $1,121,452 in the year and it had net cash outflow of £603,380 on operating activities which required two post balance sheet fund raises to keep the lights on
