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Well there is nothing on their site yet so looking like the big reveal will be after hours tonight or first thing tomorrow. Will there be new news and an RNS as well? Not long to find out. BUT even if we need to wait longer on Kochang we still have 2 JVs in the bag and hopefully being moved forward along the permission processes right now.
Exciting times and still no herd.
Just out and a fascinating interview with Rick who I have followed over the years. One of the key messages - money is made on the delta (difference) between value and price.
In my eyes BMV fits into that category right now.
DYOR and you decide.
https://www.youtube.com/watch?v=w8Ul5f1Zip0
Smalls
Drifting a little this morning, I think because the presentation is tomorrow and we were hoping for a Kochang-related RNS before then. There's still time of course ....
There you have it 2m late post and I think it’s a sale given every dummy sale I tried today went to NT.
Actually I think now that most of the activity was buying - that means that either have some big tickets not posted yet or someone is seriously manipulating to arrange for a cheaper buy in. Who knows.
Selling activity that is - each to their own
Seems to be a little flurry of activity going into close.
Moneymaker - my money is on the same terms - keeps the local partner sweet and hopefully Kochang is quicker to monetisation.
I was actually wondering the same ref news being released just before the presentation. I’ve seen it many times in the passed and in BMV’s case there isn’t much they’re able to discuss that hasn’t already been released. It’s the Kochang approval and finalisation of the JV we’re awaiting on now. I’m still curious what the terms of this JV are going to be though and what role were wanting the JV partner to play.
Extract by way of a reminder:
With regards to Kochang, discussions regarding a potential JV with the same consortium that invested in Gubong are at an advanced stage, and the team is confident of a positive conclusion in the near future with legal drafting underway.
Kochang is recognised as the easier of Bluebird's two projects in South Korea to bring into production. It is an 8.3 sq km epithermal high grade vein deposit with a c.2.5km strike of which 600m between the two mines has not been exploited. It produced c.110,000 oz Au (19.6g/t) and 5.9Moz Ag (1,000g/t) from 1961-1975 and has a Non JORC estimate 550-700Kt, grading between 5.2-6.6 g/t Au and 27.3-34.8 g/t Ag. The team has an estimated production target of c.10-15koz pa and believes there is significant potential to expand operations laterally and at depth as well as exploit already mined areas.
Continued media exposure - company PR machine hard at it.
In the right space, confidence in governments on the slide with ballooning debt. We have 3 high grade projects in the locale where much of the global buying is coming from
So another slightly delayed purchase from this morning - £9990 - I am assuming that these are negotiated trades and therefore not on the automatic feed that updates the LSE and relies on a manual update from the broker.
Pure speculation on my part, but if you were looking to control the narrative and media exposure here, consider when you might want to release the RNS. Personally I would do it just before the Investor Presentation - I am not saying they are holding back any information - they could have just timed all the legal formalities to end at this point.
As I said - pure speculation on my part.
ATB
Morning all
Nice to see the solid purchase £6470 this morning.
Lets see what late trades might get posted today!
Chasbrown - 100% agree with you. I just stay focused on the fundamentals and potential here - it's a great risk / reward play in my view.
Regardless of dates it stinks.
And at least some would have been purchases if not all. They are playing games.
They were actually from Friday, not today !
How nice of them to report 5 million sells 6 hours after the event. That's what killed the rise and exactly what I hate about our loaded stock market.
Investor meet on Thursday where we will highlight our strategy and implementing the JV model to fund development of high grade gold portfolio. Local partners crucial to success, providing ongoing knowledge as well as capital. We have c.1.8m oz Au across the portfolio. Delighted with the gold price as significantly impacts our margins. Gubong AISC was sub $700 in scoping study. Please do forward any questions through the IM invite. Thank you
Actually Kochang are mentioned in the accompanying strategy slide - quote - Implement JV model to advance / develop portfolio of Gubong, Kochang and Batangas.
Thats good then - no change there.
New tweet out an hour ago highlighting Thursday investor meet. No mention of Kochang by name - keeping cards close to their chest at the moment.
With respect and for context there are 4 sells and less than £5K in total - I put these in the small change bag - again I am not decrying any sale or purchase but these in my eyes are immaterial. I don't mean to offend anyone in saying that. A profit is a profit no matter what the size.