Bluejay Mining Share Discussion Threads

[xclusive2] 05/9/2018 14:13

BBB,

Easy for me to state the facts after the event and as per Control's post, not many people have got limitless firepower to take advantage. Hindsight is a lovely thing and those who have seen paper value decrease are still in the game BUT would've loved to sell at top and buy back in, welcome to the AIM Casino. The losers are the leveraged players who had the opp to sell and didn't.

The longs who own stock are not losers UNLESS JAY doesn't deliver. If it delivers to potential then many bags to be had and the recent action is only an irritating blip on the trip north.

I'm not buying at current share price but will add if it does recede for a double bottom @ 13p ish or when it breaks north following very positive news.

Future looks promising but with the usual caveats, That Emperor needs some new clothes !

Smarty

[xclusive2] 05/9/2018 12:22

Jack,

Yep, that's a fair assessment, made even worse or better if your short, by the amount of leverage in a stock. The only way to avoid being stopped out is to own the stock, preferably in an ISA but as we all know, spread betting is the easiest and most tax efficient way but comes with the 'RISK' tag.

Rampair,

I've read your posts re the commentary that TW and followers have communicated but there are always two sides of that coin. There's no way the share price would have declined by over 50% if the stock hadn't got ahead of itself regardless of whether the 'short' community had added fuel to the fire, there was considerable froth in the valuation @ 27p (£226m m/cap) and plenty of future value (not yet proven) in the price. Add to that a chunk of leverage and hence the position as of today.

Raising cash @ 22p was a great coup imo and the value is there to be proven but there lies the problem and where the gap is (P1/2/3).

The longs can feel that they've lost considerable value at current price, i would disagree as future value was in the price and without proven reserves, regardless of future opps and Blue Sky narration, this was overpriced.

That said, i see real value here as a long term play as do many other people but some people, largely leveraged have been hurt, that's the risk of any SBet or CFD play.

You can blame the shorters for the demise but it's the value that's being challenged. A great opportunity for all who believe this is good longer term play.

Smarty

[perfect choice] 05/9/2018 12:16

Well I'm just seeing further opportunities to buy more and have done. Once JAY broke that previous 20p support level (as it seemed), it was always going to sit in a new trading range and we're seeing that right now IMHO. It is a case of waiting or the more "value enhancing or confirmation" news due with the exploitation licence (and associated others) being made later this year plus the first (of several) off-take agreements to come.

JAY as a business in Greenland has actually had a good Summer and the more they explore and drill the bigger the prospect becomes. the output of that good effort is what we are now waiting for so while we have these short periods of "volatility", I am expecting a significant value enhancing autumn for JAY.

[presto77] 05/9/2018 12:15

But you have been so quiet lately You sound worried againOpen short, insto buying and thin volumeIf you are laughing, why are you posting here again now MMs dropped price on thin vol.What would happen to you if it went up to 25p again

[moreminer] 05/9/2018 12:08

VUP
A very unpleasant person you are.
VUP

[itscominghome] 05/9/2018 11:50

Where’s that guy who was pushing these for months ? Wacca, Smacca, hacca ? He’s been very quiet hasn’t he. Wonder if he’s been selling round the back door ? Anyone know ?

[itscominghome] 05/9/2018 11:47

Still short, still very much in the money, still very confident, still laughing

[presto77] 05/9/2018 11:40

Ha ha yes how did your open short end up?Im long

[itscominghome] 05/9/2018 11:35

No need for name calling Presto. Nobody likes a bad loser. Have some class.

LOL

[presto77] 05/9/2018 11:30

LolYou idiot

[monts12] 05/9/2018 10:58

Bluejay Mining* (JAY LN) 16p, Mkt Cap £136m – General manager appointed for Dundas project

STRONG BUY - included in MSCI index

Target Price 45p

Bluejay Mining has announced the appointment of Dr. Bo Moller Stensgaard as General Manager to help in the development of the company’s wholly owned Dundas Titanium Project.
“Dr. Stensgaard is a Danish national and preeminent geologist with extensive operational experience in Greenland. He was a senior research scientist at the Danish state survey and has advised multiple European federal and commercial entities in the field of commodity development.”
Expressing his pleasure at securing the appointment, Bluejay’s CEO, Roderick McIllree, said that we “much look forward to his contribution to deliver on the critical milestones ahead. Bo's experience, geological knowledge, network and understanding of Greenland make him the ideal person to join us as we advance the Dundas project into production.”
Initially he will work with the feasibility team on the preparation and submission of the exploitation licence.
Conclusion: The appointment of a General Manager with specific Greenland-based operating knowledge strengthens the Bluejay team as it moves ahead with the Dundas project.

*The share price Angel mining analyst has visited the Dundas, Itelak ilmenite sands project in Greenland. *SP Angel act as nomad and broker to BlueJay Mining.

[jackhenleo] 05/9/2018 10:57

When and If you have a small number of investors who panic...
Combine that with some more investors who *anticipate* the panic.
... Then you begin to get a southward movement.

Once the share price begins to fall, it begins to take out stops... So more selling occurs.

Then there is a snowball effect; more shareholders actively panic-sell, more stops are taken out, around and around that goes.

Riding on top of that, you'll have day traders short-selling the stock, looking for exactly this type of movement. That in turn further exacerbates the drop.

Ultimately, you end up at a point where the stock is massively oversold. At that time, the shorters will close their positions (which involves buying stock) and you see a rapid bounce.

It's a messy situation, but easily understandable when you look at the bigger picture.

Nothing has changed here and, as others have said, if you just hold for the long term, it makes no difference (even if it's unpleasant to witness thousands of pounds of value vanish from our accounts!).

[rampair] 05/9/2018 09:24

Don’t forget, shorting is not risk free. If Sandgrove are willing to pick up shares as announced a few days ago, then I expect the other larger shareholders would look in and possibly consider doing the same.
There is too much Ilmenite being discovered here for this asset to remain unused imo.
If you take the trouble to look on Twitter you can see vast areas that are part of our
licence

[xclusive2] 05/9/2018 08:40

Control,

Yep, that's always a consideration ! Yesterdays open was almost the trigger for another retrace. The Emperor is not wearing enough clothes currently regardless of what the longs say or the House Broker. All about good ole supply and demand and that will dictate the trend in the immediate future.

Surely you've got some ammunition from the HUR profits ? i'm willing to release a few HUR or SXX to fund a chunk here should it get silly.

Smarty

[control1] 05/9/2018 08:33

Smarty, that's ok if you have any money left to buy...

The attack is back on, they are just not announcing their presence this time...

[xclusive2] 05/9/2018 08:29

Control,

All holders here should be fully prepared for share price setbacks here after recent demise. This will go north when fundamentals strengthen and any share price weakness is a BUY opportunity.

[control1] 05/9/2018 08:12

Shame it's not reflected by the price action, here we go again...

[thebigchap] 05/9/2018 08:08

Another fantastic green flag towards production. speaks volumes that that a man of this calibre wants to be involved in our company.

[monet] 05/9/2018 07:08

News out Appointment of General Manager to Advance Dundas into Production

[bigboyblue] 05/9/2018 06:51

Impatient, frustrated, but not unduly concerned. In my view there are some big boxes that need ticking, including 1)offtake deal, 2) feasibility report 3) SIA 4)EIA 5) exploitation licence.

We need 2 above to fully complete 3 and 4. We need 2,3 and 4 to obtain 5. We can't have an unconditional offtake deal without an exploitation licence (because we can't guarantee our part of the contract) so any offtake deal has to be conditional. I suppose we could proceed without a deal, with a plan to sell our ilmenite on the developing spot market but this would be undesirable for a number of reasons (uncertainty of demand level, uncertainty of price and, pricipally, we'd have to find all the start up costs). So, not impossible but not what we want. That's why so much time is being taken over the right deal.

When we have the offtake deal I believe 2,3 and 4 above will follow in pretty short order; I'm sure they are well advanced and just waiting for offtake details in order to complete. I also believe there will be very little time between applying for our exploitation licence and receiving it. The Greenland Government could hardly be more keen.

We all know why the share price is low. It gradually drifted slightly lower over several months. This happens in companies without income in the absence of news or the anticipation of imminent news. We then had the devastating short attack on the price. I don't think we can expect a major increase until we have news, but when we do, that news will come thick and fast.

[shutittrev] 04/9/2018 23:46

Relaxed. We are sitting on a world class, massive resource. Sooner or later this world class asset will be monetised. Stick to the facts, look at and take in the bluejay tweets. The current Iterlak drills are confirming just how much ilmenite is there and how deep it goes. I think patience is required, the ilmenite is not going anywhere......Graham10k, if you are concerned, then sell. Gla.

[control1] 04/9/2018 23:17

Big news train promised for a while, about time it happened to prevent the idiots taking over the asylum again....