Bluejay Mining Share Discussion Threads

[gersemi] 18/3/2018 10:14

moreminer

Yes, I saw that though I'm still unsure what 'hottest shares' actually means. Does it mean a company with the capacity for considerable share price growth?

I'm also intrigued by the phrase 'green lights all the way'. What does that mean?

What does it all mean? I am in no way related to Sartre or Camus

[moreminer] 17/3/2018 14:08

Gersemi,

You forgot to mention that the article states that
"Bluejay mining is currently one of the hottest shares listed in London."

Good weekend,

[gersemi] 16/3/2018 20:54

Thanks to Albinio74 on the ALBA thread on LSE -- excerpt :

---

Investors Chronicle
Today 20:20
Nice article in this weeks IC about future proof miners. Sadly we are too small and under developed to get a mention but Bluejay does get a positive section.

In particular they talk of the relative ease and low cost of "mining" raised beaches that is essentially dredging.

Also suggests Bluejay are particularly excited about other areas of Greenland that have been passed over by mining majors

--

[snowyflake] 16/3/2018 14:56

gersemi - gosh I will have to go to school - answer YES

[shutittrev] 16/3/2018 14:56

Every little helps. Much obliged Snowyflake. GLA

[snowyflake] 16/3/2018 14:47

shutitrev - a very decent mention Sir; just as you would say like.

[gersemi] 16/3/2018 14:46

oh, thanks

[moreminer] 16/3/2018 14:42

Yes, and indeed a great mention it is!
All signs on green or so it says!
Good weekend all and I do hope that next Monday will start with a stonking news release.
MM

[shutittrev] 16/3/2018 14:40

Hi Snowyflake, are you implying that Bluejay may have received a little mention? Just wondering like.

[snowyflake] 16/3/2018 14:25

Thank you Rampair for the lesson in the type of bulk carrier which would be able to gain access to the channel close to Dundas.

I do not if any of you folks have read the article in today's Investors Chronicle wherein Alex Newman has selected five mining companies as the IC's picks amongst companies engaged in areas where there are commodity supply gaps.

[rampair] 16/3/2018 02:49

My own preference, would be to build a business up so that we retained control, dividends & strategy. Only if and when an offer came in that was exceptional would I want to sell.
One reason is, what would we buy with any cash raised! This project is one of the simple straightforward decent, understandable & with very decent return on Capital - I’m guessing.

I terms of ship needed, we may well consider the Handymax, only 2000 tons difference in weight to a Panamax, but the Panamax is restricted to daytime use in the Panama Canal.
The Handymax has a shallow Draught , also it can self load with cranes into its compartments. It could reach our own lower cost pier that we could construct, & move up and down the beach as needed. It could hold up to 50,000 tons at a time & fit most Ports Worldwide. It’s still a 500/650ft long ship!
Not exactly Norfolk broads narrowboat.

As a complete guess, it could shuttle ore to the ice free part of Greenland all summer in the south perhaps? - utilising 24 hour daylight, up and down the coast giving us a stockpile of Ilmenite with year round access to deliver to European and North American clients as needed.

Especially for MoreMiner, a link!

[moreminer] 15/3/2018 13:24

Boat porn. I love it.
Can't wait to see the photos.

Would also loooove to receive the jorc amongst others.
MM
Sitting in a train and not a boat.

[rampair] 15/3/2018 13:00

We are lucky with our beach as it’s filled with ilmenite and our licence allows us to look for it and, hopefully extract after permit. But, it’s 12m deep very unusual
Normally land edges drop straight into the sea, something that other explorers might
find out, to their surprise!

I hope that’s enough on boats, it’s a complex situation that until we know who will want our Ilmenite- we won’t know how to ship it to them, one things for sure, having so much that ship size is an issue is quite a good problem to have.

R.

[rampair] 15/3/2018 12:51

If you know how to find our village on the beach, very close by is the Thule airbase, it does take commercial aircraft and I cannot see ant real issue with using that Deepwater port. If we are funding this and building it slowly then it’s a no brainier
to use a costly item that’s already there.

If, as I would imagine that another company wants this Ilmenite and they hope to hit the market with huge tonnage immediately, then it’s a balance between bringing ships as near to shore as possible.

A Panamax needs 12m (probably less in Greenlands salt cold water)
However, it depends on our customers....different ships needed for different ports.
The Panamax I cited is cheap because a New Panamax has been built to fit the canal, this cuts our time to China considerably.

Obviously if a client were elsewhere, different criteria are needed.
See below.

Small Handy size, carriers of 20,000–28,000 DWT
Seawaymax, 28,000 DWT the largest vessel that can traverse the St Lawrence Seaway These are vessels less than 740 feet (225.6 m) in length, 78 feet (23.8 m) wide, and have a draft less than 26.51 feet (8.08 m) and a height above the waterline no more than 35.5 metres (116 ft).
Handy size, carriers of 28,000–40,000 DWT
Handymax, carriers of 40,000–50,000 DWT
Panamax, the largest size that can traverse the original locks of the Panama Canal, a 294.13 m (965.0 ft) length, a 32.2 m (106 ft) width, and a 12.04 m (39.5 ft) draft as well as a height limit of 57.91 m (190.0 ft). Limited to 52,000 DWT loaded, 80,000 DWT empty.
Neopanamax, upgraded Panama locks with 366 m (1,201 ft) length, 55 m (180 ft) beam, 18 m (59 ft) depth, 120,000 DWT[4]
Capesize, vessels larger than Suezmax and Neopanamax, and must traverse the Cape of Good Hope and Cape Horn to travel between oceans
Chinamax, carriers of 380,000–400,000 DWT up to 24 m (79 ft) draft, 65 m (213 ft) beam and 360 m (1,180 ft) length; these dimensions are limited by port infrastructure in China

[rampair] 15/3/2018 11:20

Ok,”what if a bigger company was planning this project(I’m not suggesting this is the case) this is an excercise”

so, bearing in mind that we know the company is looking at two points on the beach for building handling facilities- and, from the standpoint of JAY we have a choice
First we dredge the Tombolo (the rounded omega shaped piece of beach near the old village. If this is dredged you can see from the plan of a recent presentation
(Website) that this may be either pumped into a building for further processing.
Or straight out to boat if it’s very high grade.

The plan was to build a pier out into the sea to allow barges to then carry their cargo out to waiting ships.

The size of that ship, or, whether a large ship is able to use the nearby deep water
Port is down to a DFS.

Second scenario.
A large corporation would buy in & choose to site their facilities in the centre.
Which is the other option.(currently, it may change)
If this were the scenario- the large company may see the advantage & build their own port, allowing Panamax, Cape size, who knows what size. What I was trying to hypothetically work out - what scenario is possible.

If the authorities allow a certain size of ship - remember these are Arctic waters and the Danish maritime authorities have a say in this. Also, they will want to mitigate
water disturbance due to Whale breeding - it makes sense to make your ships bigger.
However, the whale protectors will say big ships cause more waterborne vibration.

It’s a delicate balance of who is developing the site? Are they going for a big plan immediately- if you have a big backer it would make more sense to build things all at once?

So, they will build or most likely rent the biggest ships possible that makes sense.
It may, after much debate come down to using an even bigger vessel - it depends on
whose pocket this is paid from.

Either way, we are all simply speculating.

If I were the US I’d tie my Thule base into the local infrastructure as tight as possible and offer cheap rates on using their port. After all what’s wrong with us
- if it’s jay on its own, using a cheap, deep water port.

Look at a map and see how far it isn’t.

R. Any problems just ask.

[shutittrev] 15/3/2018 10:20

Is Rampair having a moment? An interesting volte face for sure.

[thebigchap] 15/3/2018 09:39

Are you actually kidding me on Rampair?

Ramapair previous post

The second point was that, if a small junior like us were to build the handling port
and infrastructure ourselves we would, in the normal run, borrow/Sell a big piece of the project.
Luckily for us, on the YouTube video, the key word used was “transparent” Also
a lot was made over the relationship between the company and the Greenland Agencies.

What if a bigger company was planning this project? (I’m not suggesting this is the case!) this is an excercise.

If someone like a Glencore wanted to add to their Ilmenite stream they would plan to build a sizeable pier, suitable perhaps for the Panamax that was mentioned? This would need Greenland to perhaps need more time to contemplate a fairly large sized operation straight away.

If we imagine that the company has the interest from offtake, to allow a much more ambitious project to be put in place - one that brought us straight in to the major top few suppliers.

Also mentioned...

Now, a Panamax is a big blighter! Quite a long ship, if you are contemplating a movement involving those ships - we would be straight into the big league, a lot more buildings at the village that exists - now the Greenland planning dept is possibly using Denmark to help out because this project at the 1m ton plus level is going to be something that needs serious planning resources- I would suggest that we should, in fact, be quite pleased we are looking like serious players right off.

[rampair] 15/3/2018 08:57

We have no need for a Panamax port, the Americans have a large shipping port at Thule airbase.

I envisage smaller barges going out to a larger ship.

Or, as RoyalIHC are doing the dredging study, if we use dredgers for the marine shelf they carry 1-2km pipes out the back to load any transportation.

We are very low cost,

Alba’s licence imo has no bearing on us
- otherwise it would be part of JAY
They looked in detail at the absolute best
part of this deposit and put it into Bluejay.
This was surveyed by the company a number of years back. The Oasis is ours!

R.imo!

[thebigchap] 15/3/2018 08:06

On another point...

With other companies such as Alba in mind who are quite clearly a way behind us, but most likely will begin to exploit at some point just as we are looking to do.

If we lead the way in terms of improving infrastructure such as the airport which is "needing a bit of work(rod)" and building a Penamax capable port (rampair) would we not have the right to apply some sort of Levi to future companies looking to use the facilities we have developed?

[snowyflake] 15/3/2018 07:22

Rampair - imo yours is as good an explanation as any other. If the call is suddenly raised some leveraged holders have to sell some of their shares to cover the shortfall if they cannot match it, thus causing the share price to fall back (temporarily)

You yourself made the point days ago that holders are better off paying for their stock and thus owning it.

[gersemi] 15/3/2018 05:31

Read the first paragraph - this may provide one possible explanation for yesterday's 'abnormal trades' (if there is such a thing in the stock market) - MIFID adjustments

[rampair] 14/3/2018 22:49

It’s also possible that the change in cover required by some spread betting firms is having an effect. Some of us not in the UK have had to have a lot more
cover, simply because mostly people thought it would rise ! Therefore
The companies weren’t making enough return

Just a thought, not sure if anyone has experienced that in UK?

R.

[graham10k] 14/3/2018 21:49

On second thoughts the two trades, 1.5M and 2M at 24p and the 3.439M at 23.7p could be an agreed transfer between a seller and buyer and hence the share price not too much affected.

[graham10k] 14/3/2018 21:41

Let's hope they buy back in April after all, why sell such large volumes now with hopefully good news on the horizon?

[squiresquire] 14/3/2018 17:29

It may well be to do with the end of year, if someone is taking a profit or moving shares to accommodate some tax requirement, who knows but that thought does come to mind.