Bluebird MV are due to IPO within the next week or so, today I had a chat with Aidan Bishop executive director of the company who not only focuses on the mining sector but also (as do the rest of the board) operate’s a very much boots on the ground ethos ” A real in-country mining company, not a London based mining company ” Bluebirds concept is to deliver nearterm cash flow whilst operating a gold mining operation which is due to release it’s PFS to upgrade it’s resource to a reserve.
Bluebird holds a copper trading arm coupled to a gold mining JV with ASX listed red mountain in which the business holds an option to secure 51% of the company. After a chat the Aidan it became quiet clear that the board has an acute relationship with the Philippines both in business and culture.
- The Copper trading arm quotes decent margins
- The board has put 3 mines into production with Philippine influences
- The region is untapped yet has an outlook to grow exponentially (as commodity prices rise) this presents a bottom of the cycle opportunity.
Anyone interested in supporting the 6.5p placing is welcome to contact there own broker who in turn will place an order or are free to speak to the companies in-house advisers.