UK 15:21 Thursday, 8 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Shares in Bluebird Merchant Ventures (BMV) have raced ahead to 5.35p (well up on our 2.5p offer share tip) but there is every reason to hang on for even bigger gains. The latest news is very exciting indeed for we loyal shareholders...
Bluebird Merchant Ventures (BMV) has updated its shrewd investors with news, including that “it is expected that an Independent Expert will shortly be nominated under the terms of the Joint Venture Agreements with Southern Gold. The Independent Expert will make a value determination within 30 days of being appointed” and also “with regards to its gold project in the Philippines that has remained dormant since mid 2016”...
This is very good news. We are now just 30 days from Bluebird Merchant Ventures (BMV) being the owner of not 50% but 100% of two, close to production, Korean gold mines which ultimately can produce at 100,000 oz a year but can be up to 30,000 oz really very quickly. A market cap of below £18 million patently fails to discount this...
I have shares in Bluebird (BMV) and think that at 4.25p they are cheap. They should, IMHO, be trading at 6p and might get into double figures if it can resolve issues with its Aussie, soon to be ex, partners in Korea. But a 34.79p target price, a 69p DCF valuation, is insane as I explained in detail in bearcast yesterday HERE. But that is the target price of Align Research, which owns almost 4% of the shares, and its boss Richard Jennings wants to defend that viewpoint and being a fair man I allow him to do so.
Bluebird Merchant Ventures (BMV) has announced that its JV partner in South Korea is pulling out. But this is a blessing in disguise. We are told...
Previously updating on Bluebird Merchant Ventures (BMV) we’ve noted confidence that funding to take it to gold production would be concluded… and now an update including that the company “is pleased to report that the South Korean company has successfully completed its due diligence and has advanced to the point at which financing terms will be confirmed shortly”...
A further Funding Update announcement from gold project developer in South Korea, Bluebird Merchant Ventures (BMV) – and the shares further higher to 3.8p…
I am a big fan of Bluebird Merchant Ventures (BMV). I expect it to secure loan funding to ensure opening of its first gold mine very soon and that folks will then realise that this is perhaps the cheapest London listed gold play. I really could see its shares trebling from the current 2.45p mid. But there is one problem, its non executive chairman Jonathan Morley-Kirk simply has to be fired, not only from Bluebird but from Big Dish Ventures (DISH) as well. I have written to senior director Aidan Bishop.
Previously updating on Bluebird Merchant Ventures (BMV) we noted with the shares around 2p that, considering the gold production opportunity, the funding requirement is modest. Now “the Korean focused gold development group, is pleased to announce a funding update and a statement with regard to the Covid-19 pandemic”…
Shortly before Christmas an early present: Bluebird Merchant Ventures (BMV) “is pleased to announce that it has now officially received a 'Permit to Develop' the Kochang mine”… This must surely kickstart a big re-rate.
Towards the end of September, we updated on Bluebird Merchant Ventures (BMV) Gubong permit formal communication progress & Kochang set to follow. Now we have a “Gubong Permit Received” announcement… This makes the shares look very cheap indeed.
Bluebird Merchant Ventures (BMV) “is pleased to announce that… it has now received formal communication from the Ministry of Trade, Industry and Energy in South Korea, confirming that the application for a 'Permit to Develop' the Gubong mine is to be granted” as well as updating including “the Kochang application is progressing well”…
Bluebird Merchant Ventures (BMV) “is pleased to announce that confirmation has been received that the ‘Permit to Develop’ the Gubong Mine has been granted”…
