Bluejay Mining Share Discussion Threads

[snowyflake] 06/8/2018 22:26

rambo - it is for Rod McIllree to advise the market of how Bluejay is progressing and deal with your questions as he wishes and when he wishes.

I can however advise you that Bluejay held the Thule licence that Alba now has.

Having taken and tested samples and for other reasons such as accessability, environmental concerns at Booth Sund and other factors Blujay discarded the licence. I remind you that Rod McIllree is a geologist who has spent 13 years in Greenland. He has a good relationship with the authorities. The exec chairman of Alba is not a geologist and I even wonder whether he has visited Greenland.

The company has a bit of a history with Richard Jenkins who is reputed to have shorted the stock in 2016 when advising those who read his blog and also plastering his view that the stock was not worth the market price. He was wrong. I have little time for his opinions.

I first bought at 5 pence; I added in the December 2016 placing at 7 pence; I have further added at higher prices. There have been consultations ref the SIA and EIA; that were few local enquiries which have been satisfactorily dealt with. I understand that the company is already employing local people.

As you are aware the company raised #17 million not long ago;#15 remained at the last information.

As importantly and in addition to the above, Bluejay has other assets, in particular Disko, about which we can expect to hear more in the future.

[rambo5048] 06/8/2018 20:33

PS the board on LSE for JAY is usually quiet and lacks contributions so decided to contribute here

[rambo5048] 06/8/2018 20:32

Hi Snowyflake,

If you haven't seen the align research update today this might have had some pressure on the share price today. 9-12 months ago they did a piece on ALBA vs JAY and the difference in market cap etc etc and this is a continuation of that. They are friendly to Alba I believe but to be fair some of the questions below do need answering by Rod as timeframes have slipped more than once over the last 18months and we need an update on the feasibility study and exploitation license etc.

Just to be clear I'm significantly long JAY and ALBA but believe Rod will pull an offtake out of the bag which will help put a value to the asset in the ground but the sooner the better. Now would be a good time.

I bought more JAY at mid 21p last week as it has been pretty stable above 20 and topped up. Patience is key here I believe and I have not sold any JAY since buying in 2 years ago. Great pics this last week of the kit and the mounds of ilmenite. I believe we can mine 30,000 tonnes a year without an exploitation license as per the current agreement to facilitate the bulk samples so that could be 6*5,000 bulk samples potentially.

Anyway let me know what you think.


BLUE JAY MINING AND 8 SEARCHING QUESTIONS FOR ROD MCILLREE


Why is the Social Impact Assessment taking so long?
Why is the Environmental Impact Assesment similarly taking so long?
How many shares do share price Angel still hold given that they are advocating a Buy stance and mooting takeover talk which is, we believe, very much misplaced given that you still do not have the Exploitation licence?
You had said to numerous parties in early spring that an offtake deal was imminent – why has this not transpired given the supposed grade of the ilmenite?
The Exploitation licence is over a year late from when first flagged re timescales in early 2016, what confidence can investors have that it will be forthcoming this year?
How much of the £15m is now left on the balance sheet and what prospects of a further raise in the next 6-12 months?
Given that the field season is coming to a close in Greenland in the next 8 weeks would you agree any potential cash flows for the company are getting pushed ever further out?
How do you square the valuation of essentially the same product at ALBA with an adjacent licence area relative to your market cap?

[snowyflake] 06/8/2018 20:09

but Barnier and Juncker are.

[jone06] 06/8/2018 19:24

There has been no leak as Boris Johnson and David Davis are no longer stiring the porridge

[snowyflake] 06/8/2018 18:43

Likewise Perfect Choice. Bluejay are busy at Dundas; both at Moriusaq and Iterlak.

I am confident that Rod McIllree will update the market soon.

He has his own skin in the game in the form of 94 million shares and wants the company to succeed. If he succeeds, I and other private investors succeed.

I do not think that Brexit has affected the price at all and I find the suggestion weird.

After all, has it occurred to any reader that whilst every Brexit meeting either at Downing Street or in Europe over this year has been leaked to the press, there has been no leak from the Macron/May meeting.

[graham10k] 06/8/2018 18:36

For me I am still suspicious of the institutions drip feeding the market with the large trades that have been seen over the last few months. I don't know when any changes of holdings have to be notified but it would not surprise me if eventually there is such a notice. We are here again with a blue sky share hyped and "supported" by institutions and speculative broker guesses of value. And as usual management accreditation for being game changers with their offerings. It all may yet come to something but the current silence is unnerving and the sell off even more so. Think about it, we need a 25% rise to recover recent high and a 50% rise to get a material gain. Don't hold your breath.

[perfect choice] 06/8/2018 18:21

Well I hear brexit gets blamed for everything but this is a new one. FTSE slightly up today and a good recovery last Fridays. Don't think there is suddenly a sell off specific to JAY with operations in Greenland, while other stocks are not showing the same trend.

Would agree though there are definitely some sellers, the price is down after all!

I'm still stock building at the moment as not an early stage investor here. But taking advantage of these drops as expecting JAY value to appear, but it certainly needs better reporting of progress(which I do expect) plus an off-take agreement. August can be a dead month for stocks but I find can also be a good month to buy "value enhancing" stocks for autumn growth and onwards.

[control1] 06/8/2018 18:02

The Rio news is major negative for them, but JAY need to be in a position to monetize it.. IMHO, it is not a drift, my monitor is a blood bath and it's people reducing exposure now that the real impact of Brexit is dawning on some...

[summerfield1] 06/8/2018 17:10

This is more than “drift”!
The Rio news is a major negative but Jay is being ponderous with its newsflow.It has not kept pace with its timetable set out early in the year. I accept there is much going on but keep the market informed. Also time to appoint a new broker.

[perfect choice] 06/8/2018 16:11

OK, broken 20p on what I would hope is an intraday low. Topped up a few as a result. My guess for drift right now is delay in any news on off-take agreement, as news and activity "on the ground" is looking very promising. But until an off-take is announced, risk of drift downwards is my take on matters.

[snowyflake] 05/8/2018 12:07

bbb - it was reported in RIO's half year results released 1st August (about half way through the report)

If a company through unforeseen events cannot meet its contractual commitments to its buyers it invokes the force majeure clause in the contract. The vast majority of commercial agreements have such a clause.

Both the production facilities at Fer et Titane in Quebec and at RBM in Africa have had problems. These are referred to in the half year report.

[bigboyblue] 05/8/2018 09:08

I can't read all of this article as I'm not a subscriber. Are you Rampair? Wondered if there's anything in it not already reported.

[rampair] 05/8/2018 02:45

No share options as they would be announced (they are paid for therefore income)
Clearly Bluejay haven’t taken all that equipment to the top of the World for the fun of it!
They are preparing 5000 ton samples for someone - my guess would be the nearest producer Fer et Titane who are part of Rio and if you read their recent report - their
division is down - they could gain immensely from a source of Ilmenite with the Qualities declared by Dundas and it’s a short sea journey to their Riverside plant off the St Lawrence seaway.(near Quebec) anyway that’s where I’d be buying from if I were RIO wanting my furnaces up and running at peak production.

It’s only my opinion so take it or leave it!

R. Some good stuff on Twitter from @BluejayMining if you can, expand the pictures on your screen to see the scale, enormous. Disko soon as well, massive 2700sq km licence.
Already proven to host a working Sulphide system.......

[adamstip] 05/8/2018 01:41

No 25 you forgot to mention Macca with his 2.86%. By the way I personally wish you all the best with Alba as you seem to be a happy go like a kind a person, you might do better at horse Hill thanGreenland with that one imhAnyway back to Jay and the drip drip selling , it's clearly the bears in control at the moment and I'm a bit mystified that their hasn't been a RNS ref holdings in Jay with what's been going on over the last month. I've checked shorters.com and no institution/fund has a short on Jay as anything over 0.5 % around (4.3 million shares)would show up on there site. their could a oncert party at work here? are there any share options being crystallised and declared when the whole transaction is complete? Just some of the questions we need to ask about this relentless selling when the Co. Is about to take off. We will have to wait and see. When the dust settles I might be in for more. Standing firm.

[25wbh] 04/8/2018 21:49

M&G Investment Management Ltd. 103,636,364 12.2%
Roderick Claude McIllree 94,577,778 11.1%
Jeremy Sean Whybrow 92,411,111 10.9%
Sand Grove Capital Management LLP 87,748,052 10.3%
HSBC Global Asset Management (UK) Ltd. 51,185,575 6.03%
Capital Research & Management Co. (Global Investors) 45,009,091 5.30%
Capital Research & Management Co. (World Investors) 45,009,091 5.30%
NNIP Advisors BV 42,389,477 4.99%
Gregory Kuenzel 36,738,715 4.33%
Shaun Bunn, MBA 27,241,915 3.21%


just typed into Google , not dated but all I could get

[snowyflake] 04/8/2018 18:12

bbb - you are correct. There is no evidence that the Tier 1 institutional holders have lost interest in Bluejay and its assets.

M & G (now Prudential)for example had 20% of Sierra Rutile and remained a holder of the amount of shares that it had until the Iluka takeover was completed. M & G reputedly were unhappy at the low amount per share that the board of of Sierra Rutile accepted under the helm of John Sisay.

It was thought that John Sisay might become President of Sierra Leone but that never happened; why I do not know.

I suspect that M & G (Prudential) understand the value of Dundas. I doubt the other Tier 1 think otherwise.

[bigboyblue] 04/8/2018 17:58

My understanding is that they have to notify if their holdings cross a full percentage threshold. For example, Sandgrove are our biggest holder at 13.2% of the shares. They would have to declare if they went below 13%. Happy to be corrected; there are others here better versed in this than I am.

[graham10k] 04/8/2018 17:14

Is there any way the institutions holdings can be seen or do we have to wait for an official update advising holdings have dropped below declarable levels? I can't see that retail sellers are responsible for some of the big sales over recent weeks and suspect a drip feed from the instis. Just guessing and looking for a reason for the persistent selling when so much is "imminent"! We are at least holding steady at the lower end of our trading range but the parameters are widening lower and the drops are very slow but nevertheless, they are there and it's a definite downward trend. On the plus side there are one or two decent buys to off-set some selling so grateful for those.

[25wbh] 04/8/2018 15:42

yes re test match ,cheers snowflake

[snowyflake] 04/8/2018 14:22

25wbh - I know that you mean no harm.

Have a good weekend also.

Great Test Match - the next one is at Lords.

[25wbh] 04/8/2018 14:09

Hi Snowyflake, just winding u all up, no malice,
Have a good weekend rgds B

[snowyflake] 04/8/2018 09:46

25wbh - good of you to visit this thread in order to try and sell Alba!

Alba needs a geologist as ceo/exec chairman, in my opinion, to run a company which is exploring in Greenland.

That person also has to spend time 'on the ground'.

Why don't you telephone or email Mr Frangeskides and find out how many times he has visited the likes of Amitsoq and Alba's other tenements e.g. Thule and where he stayed.

Having said that for some Alba could be a trading stock.

[snowyflake] 04/8/2018 09:40

citytilidie - JAY is for me an investment stock.

It is not a stock for spivs and we thankfully do not have the rampers and derampers with the rampers continuously stating that it is a 10 bagger from here when they have limited knowledge about what they have invested in!