PUNT OF THE WEEK: London Inventory Change-listed Bluebird Service provider Ventures reopens outdated gold mines
Bluebird Service provider Ventures reopens outdated gold mines. It’s listed on the London Inventory Change’s foremost market.
What is the newest?
It’s within the course of of shopping for 100 per cent of its tasks in South Korea from three way partnership companion Southern Gold. This week it mentioned there’s native assist to restart a Philippines challenge.
Who backs it?
Administration and different people personal greater than a 3rd of the inventory. Boss Colin Patterson is the most important shareholder with 17 per cent. Harwood Capital can also be a backer.
Why do you have to make investments?
John Meyer, mining analyst at SP Angel, says: ‘Reopening outdated mines is mostly seen as a lower-cost route into mining, so Bluebird ought to have comparatively low capital prices and definitely have very low company prices.’
And why should not you?
However, he provides: ‘That is positively a inventory on the higher-risk finish of the spectrum – in the event that they do what they are saying they’ll do then will probably be superb.
‘There’s additionally a component of danger for any firm that should get permits for his or her work till they’re secured.’