Bluebird Merchant Ventures (BMV) has announced, following recent meetings in South Korea, advancing plans including for community programmes and land for mine access for the Gubong gold project and that for its Kochang gold and silver project “discussions regarding a potential JV with the same consortium that invested in Gubong are at an advanced stage”. This is further positive news from a now up to 1.5p share price, a still below £11 million market capitalisation.
Bluebird Merchant Ventures (BMV) has announced that it has received formal notice that Gubong project 'Permit to Develop' spending commitments have been fulfilled and accepted, giving it now a further three years to achieve commercial operation or make a further “qualifying investment”. Further good news then from a 1.55p share price.
I had been assured that Bluebird Merchant Ventures (BMV) would not be engaging with brown envelope man Zak Mir to promote its shares. It seems that I was misled on that score as the company has recorded a podcast with the crooked penny share promoter.
Bluebird Merchant Ventures (BMV) has issued a “Feasibility Commences at Batangas Gold Project”-titled announcement, emphasising this work represents “the next step in the advancement of the Batangas Gold Project in the Philippines”. So what is this ‘next step’ and what does it mean from a 1.025p share price?
Bluebird Merchant Ventures (BMV) has announced what it emphasises is “A Transformative Free Carry Structure to Advance c.1.3m oz High Grade Gold Mine to Production”. The shares are more than 40% higher at 0.875p in response, but there looks much further upside potential.
Bluebird Merchant Ventures (BMV) has announced the appointment of a Philippines-focussed environmental consultancy for the Environmental Impact Study of the Lobo high-grade gold mining opportunity within the Batangas project joint venture in the Philippines and that it looks forward to reporting the milestones as the work progresses.
Bluebird Merchant Ventures (BMV) has announced a drill programme aimed at further delineating identified high-grade targets, upgrading the current mining inventory and providing data to develop an underground mine plan at the Lobo, 1,164 hectare, licence area of the Batangas gold project in the Philippines.
Bluebird Merchant Ventures (BMV) has announced results for the first half of the 2023 calendar year and that it remains confident in outlook, with the sum of the parts of the business “not reflected” in an around 0.70p share price.
Bluebird Merchant Ventures (BMV) has announced that Catalyse Capital Ltd has reached an agreement to acquire the 122.5 million shares in Bluebird held by Southern Gold (ASX - SAU), emphasising that this should “remove a significant perceived 'overhang' in the trading of Bluebird's shares and allow investors to focus on the inherent value of the three-project portfolio”. What of a current share price response up to a 0.80p offer price?
Bluebird Merchant Ventures (BMV) has announced results for the 2022 calendar year, including emphasising that “the value of the two projects was highlighted in the publication of a Scoping Study which included a post-tax NPV of USD 181 million… conducted on a USD 1,750 per oz gold price”. So what of a current 1.4p share price, £9.7 million market cap?
I flagged up HERE that shortly before disappointing news from Korea a block of 10 million shares in Bluebird Merchant Ventures (BMV) went through at below market prices. We know, thanks to a TR1, that the seller was Southern Gold and I know, thanks to a party close to the company, that its executives had been made insiders. Now the trade has been reversed. Surely that is an admission of guilt?






