Bluejay Mining Share Discussion Threads

[rampair] 12/6/2018 19:41

Presto, you are in agreement with my pal, there’s some shenanigans going on.
I sometimes wonder how many mining opportunities are lost to p i’s, because the good ones sometimes are surely kept quiet because of all the market codswallop?

We keep going because this is one big potential payday if we include Disko and Kangaroosack!

Rampa

[rampair] 12/6/2018 19:02

200 & 130 odd share sale at end of day shows the share at a lower price so my market participant just told me in my ignorance!
So the share shows a lower price for the end of day pricing.

More miner - have you considered Crypto trading lol (hi Pexi!)

[presto77] 12/6/2018 18:28

Someone low marking the price everyday at 16.35 with minute tradesJust saying

[gersemi] 12/6/2018 18:10

We have a seller, obviously.

[snowyflake] 12/6/2018 18:07

I suspect that we are nearing an off take agreement and that it a question of with who, how much and at what price. As I said earlier I am not a seller. I had a chat with Greg Kuenzel at the get together last Thursday; he remains a fan of Bluejay. However he needs to spend more time on the affairs of Georgian Mining.

One thing investors should do is read the chairman's report in the Annual Report which is on the company's website under corporate documents sourced through the investors section.

I highlight one section which is where Mike Hutchinson is talking about Iterlak where he states that 'We are confident that significant potential exists here and we believe that the Iterlak Delta "2.65 million sq m is a primary sediment (and thus ilmenite) source for the broader licence area. The entire sediment package comprising the delta has been estimated at 78-145 Mt.'

It is apparently purer than the ilmenite at Moriusaq and that in itself has been described by the company as the world's highest grade ilmenite deposit.

[minder5] 12/6/2018 17:14

Why would there be offtake news now? The field season includes 5000t bulk sampling. I’d say the agreements for offtake will only happen once the extensive sampling is complete, received and assessed.

[moreminer] 12/6/2018 17:04

Tomorrow would be a really good day to receive some off take news.
Let BlueJay be blue again.

[gilscottheron] 12/6/2018 16:53

I'm stupid I know........but can someone please explain how this share goes the whole day blue and has ended red for the last week!!???

[shavian] 12/6/2018 11:49

Looks like 100,000 x 2 and 200,000 buys being listed as sells.

[shutittrev] 12/6/2018 11:37

From a northern gutter snipes perspective, I certainly had my head turned by the bright lights of London and the bonhomie of all attendees. I even had a chat with some dude related to Napoleon.
I'm now sat in my Renault Picasso trying to get a parking space at my local Poundland.
Just saying like.

[snowyflake] 12/6/2018 08:48

forcemode/thebigchap - I did not view the afternoon as an enquiry into when is this going to happen when is that going to happen. It was more a case of chatting to some investors who post on advfn and getting the know the person behind the mask, exchanging ideas about where we thought the stock might go and so on.

Boss Rod was relaxed and confident. Macca was on good form and so on.

As dear `114 helpfully suggests subscribe to and read Mike Walters blog.

For my part I am not a seller but then that is right for me.

[dear114] 12/6/2018 08:42

If you subscribe to MICHAELWALTERS.COM you will find a very good report on the London meeting, plus lots more about Blue Jay, and many others. It isn't expensive.

[thebigchap] 12/6/2018 07:18

my thoughts also men? what gives?

[forcemode] 12/6/2018 05:21

Surprised that there hasn't been more feedback from the London meeting, can anyone share? TIA

[snowyflake] 08/6/2018 16:11

Rampair - thanks for reminding me about those transactions. What will attract purchasers of our sands is not just the volume but also the purity and you know this better than me, the fact that the quality is homogeneous.

The company are in discussions with buyers regarding off takes; I look forward to a deal being struck.

[rampair] 08/6/2018 15:51

Yes, agreed Snowyflake, it’s that M&A activity, that is of great interest. Shareholders and institutional investors will hopefully have gained experience from
Iluka’s low price takeover of Sierra Rutile some time back.

Here’s a recent TZMI dealing with Q1 reports and you can see why the TiZir partners are at odds over the takeover of one by the other! Business isn’t too bad - if we see all the improvements in Earnings.

[snowyflake] 08/6/2018 13:08

Redtrend - if you did not know you can follow Iluka on hotcopper an equivalent to advfn(free subscription if you do not want the finery)

TZMI will also keep you up to date with merger and acquisition activity of which quite a lot has been taking place in the sands'sector.

[redtrend] 08/6/2018 12:57

Thanks for all the info Rampair. Will sign up to TZMI and have a look at Rio's and Iluka's last set of accounts.

[shutittrev] 08/6/2018 12:44

Agreed Snowyflake. Thoroughly enjoyed myself last night...excellent to meet up with bber's. A big shout out to the governor, Macca, a top man, great company and also thanks must go to the Commander in Chief, Rod, who made time for everybody. Just saying like.

[rampair] 08/6/2018 09:51

Morning, TZMI are the foremost authority in the space, but their forward price trend information comes with a price suited to manufacturing rather than Private investors.

We can get their industry news feed though - free. Published on a Thursday.


As a guide, Iluka, Rio Tinto give a breakdown of production in their annual reports.
To give some idea, in 2012 prices were 4 times that of a few years earlier, we seem to be trending upward in terms of demand however, so that gives a good underpinning of
whatever funding requirements in the future.In my opinion.

good luck with your decision!

R.

[redtrend] 08/6/2018 09:51

Gersemi - thanks for quick response much appreciated.

Yes you're correct it's a PFS, however based on the timeline to production and relatively simple mining methods, I was assuming the PFS is all JAY needed to proceed with both government approvals and complete construction itself, with production commencing early H2 2019. Based on what I read, I wasn't too sure whether JAY needed a full-blown DFS as well.

I'm predominantly in gold and precious metals miners and will be waiting for their next set of quarterly reports in July (SLP, HUM and SHG), as I believe they will all be solid. Thereafter as I am massively overweight, I plan to rotate a portion into other areas. By that point JAY's PFS should probably be released by then too.

If JAY do require more than the £15million they have in cash to complete the construction, they may release such plans along with the PFS, so hopefully with the PFS providing certainty and re-confirming way forward, any request for funding may be met by the market positively. Alternatively JAY could use the PFS to seek financing/ loans without dilution. If I was an existing shareholder, I would prefer the latter.

[gersemi] 08/6/2018 08:19

Redtrend

I don't think there's a minute by minute price discovery mechanism for Ilmenite. ferroalloy.net or something like that may provide some info

I wouldn't take a position yet though - I would wait for the PFS (not a FS as you indicated( and offtake agreements to add further -

the share price has lost energy in recent weeks - not sure why...fears of further dilution maybe?

What is beyond question is that an uptick in CAPEX spending will be required - I would like to see a capex-offtake agreement of some form

we shall see

[redtrend] 08/6/2018 08:15

Perhaps a rookie question, but I've had no luck on Google. Is there a site that provides up-to-date spot/ contract prices for ilmenite?

In JAY's latest presentation on pg.18 I see there is a graph for "Chinese ilmenite spot prices", which I therefore assume is in RMB. The different type of ilmenite concentrates range in value from 1,300 to 1,400, which would equate to current price of USD $203 - $218 per tonne.

Finally I assume we won't have an indication of JAY's estimated all-in operating costs for Dundas until Feasibility Study is released, or based on the relatively simple extraction methods, have JAY previously given a ballpark indication?

It looks like a very exciting time for JAY, so I'm now considering dipping my toe in. And that's just on researching Dundas - I haven't had a chance to read up in detail on Disko or their other prospects just yet.

[snowyflake] 07/6/2018 21:32

A note to say that it was good to put faces to BB names today. Nice to meet citi and others and also some who who not partake on the boards including Mark and Andy.

Macca was on good form!!

[longrod] 07/6/2018 18:45

steady men!