Bluejay Mining Share Discussion Threads

[snowyflake] 10/9/2018 19:25

I am currently away in my second home in the South of France pret de Cannes.

I see that the toe rag has been posting this afternoon. I do not follow the advice of Align/Jennings. Were I to do so, I would have lost a great deal of money.

In my opinion, Jennings operates his book to make money and uses the Align blog to support that book. He is in my opinion short Bluejay and used a comparison with the Thule Black Sands (TSB) licensed to Alba which licence he would have known had been owned, but subsequently rejected by the board of Bluejay, in order to support his argument against Bluejay, that Alba is undervalued using a comparative of TSB with Dundas.

But what is the underlying cause of his attack on Bluejay (to suit imo his short position)? It lies in the basis upon which he/Align try to stay operative. He approaches listed company directors with a proposition that he will write positive reports on their company for yes, you have got it, a fee.

In Bluejay's case he did just that and was rejected I understand by Rod McIllree (who frankly did not need him). Having been rejected, he has targetted Bluejay from a low price. Those who have held shares like me from 5 pence have followed that outcome.

Thank goodness I can and do speak to other executives. One told me that he also rejected Jennings approach. He told me that he felt queasy about paying Align/Jennings cash for the "service" and offered him shares and then warrants in the company of which he is a director. Oh no, Jennings had to have cash. Jennings was quite forceful and tried to pressure him into reaching terms to the extent that it was close on (but he did not go so far as making the specific allegation) bordering on extortion.

But here is another one. If any of the investors in Bluejay is a Jew you ought to know that Jennings is an antisemite. Nice one eh?

I do very much hope that he has never had cause to use penicillin for he ought to research the name Ernst Boris Chaim. It would make Jennings skin crawl if he knew that Chaim was a Jew. Can you imagine an antisemite having penicillin, progressed by a Jew in association with Fleming and Florey, coming into contact with his blood?

But then where did this toe rag come from? Skipton a small market town of under 15,000 souls. Now I know some delightful people from Yorkshire - largely professional people; real professional people and not toe rags. I guess that Jennings is ashamed of his background and jealous of the many that he tries to come by and emulate who have and will always have far more than him. The toe rag oaf from Skipton.

Jennings imo feels so inadequate that Align does not give out its trading address but hides behind a registered office situated in Shipley.

Just a toe rag.

For me now to look at the stars in the skies of the South of France.

PS - if macca has sold some shares thanks macca because I may have some of those that you allegedly sold!!

[richie666] 10/9/2018 19:15

Mr Ramp - u need a new calculator - 848,971,824 x 3% = 25.464m
His holding of 25.7m was already in excess of this hence why he was listed on the top shareholders previously for months until end Aug. That's before 500k + 130k.

Reason he is no longer listed is he sold 10m+ to SandGrove and M&G at @ 13p - that is on cast iron intell. Come Mark tell your acolytes the truth.

[rampair] 10/9/2018 18:24

I calculate that as a non notifiable number R666. I have never met Mr McDowell, nor
have I met any employee of JAY, I bought my shares in Finn Aust.

[richie666] 10/9/2018 17:28

Mark - if u had 25.7m u added 500k and 130k y are u not listed as a top 10 north of 3% shareholder?

[bigboyblue] 10/9/2018 17:19

I'm hardly going to trouble Mr McIlree with such a question, am I? I have no idea about Macca's current holding, and I don't need to know either. I am instinctively disinclined to rely on anything you say however.

[richie666] 10/9/2018 17:06

BBB - U are wrong - he WAS listed as a top 10 shareholder AFTER the placing in Feb. Ask Rod Mcillree if u don't believe me.
IF he added 500k (or £500k he wasn't clear) and 130k then he would be towards Bunn's stake.

[bigboyblue] 10/9/2018 17:02

The last time he held over 3% was immediately prior to the company raising £17m by issuing 77m new shares in Feb this year. That took him below 3%. I don't think the purchase of 130K shares would have taken him back above 3%

[richie666] 10/9/2018 16:53

Bigboyblue - he held over 3% before - check webarchive. If he has added 130k then he is definitely back over 3%. Additionally in June he boasted here that he added another 500k in the early 20's. See here -

"maccamcd - 17 Jun 2018 - 20:23:02 - 3432 of 4313 BlueJay. Pituffik Superstar - JAY
some thoughts from here:
lowish volume recently has been pushing the price down.
Lots of other 'deals' around the last few months, and the stock has been in a tight trading range for a long time. Some holders sold due to these reasons, and maybe concerned with the perceived 'delays' in building a proper business and doing offtake deals with the right buyers.
The existing Tier 1 institutional investors haven't been buying the last few weeks, and those of us who was at the drinks a few weeks back got a very warm feeling about offtakes very very soon (June/July? August?). Just reading between the lines and intuition, I'd say the institutions are possibly 'inside' on any major offtake potential, so they are possibly not allowed to trade in the stock.
So whats it mean to us still here?
I'd say a great opportunity to top up in the low 20's and take advantage of these known unknowns!
I bought about 500k the last few weeks, and think I'll sell some other stocks to buy more JAY if the price falls more.
Could be an easy way to make a safe 50-75% in a very short period of time (1-2months)

Hopefully I'm right. If not you can all stone me at the next shindig!"

Y is he no longer listed? Sumtin does not add up and it's not my calculator...

[richie666] 10/9/2018 16:51

City/Andy - the unpalatable facts for this board are:

1. An offtake agreement has been flagged for near 18 months and nothing has come of it
2. Despite Mr McD claiming there was more chance of him getting "hit by space debris" than getting this wrong, he has got it wrong post that hubristic remark.
3. More worryingly, I would posit for his acolytes, is that he appears to be no longer holding the volume of stock he was and thus has sold whilst encouraging you to buy.
4. The field season is now at a close and the company at a cross roads - either (a) an unconditional offtake is agreed which is, I am reliably informed impossible absent the Exploitation Licence or (b) an offtake does not occur and then the company needs to spend on the infrastructure required there to continue to project the image of progression of the operations. That means another capital raising...

[bigboyblue] 10/9/2018 16:49

The website doesn't purport to list the top 10 shareholders. It lists those holding more than 3%, which is 9 at the moment.

[monts12] 10/9/2018 16:45

It is generally accepted that there has been slippage since last year. That does not mean that Offtake deals are not coming...

[citytilidie] 10/9/2018 16:43

70% plus owned by 10 holders unlike Alba where 70% is probably owned by 50,000

[richie666] 10/9/2018 16:25

Offtakes? The same one flagged here over 18 months ago? -
"With offtake discussions also underway, 2017 has the potential to be defining for your Company."

Here over a year ago -
"The objective of these work programmes will support the finalisation of the various studies and offtake partnering that will facilitate moving the Pituffik Titanium Project into production"

And particularly this from last year- "The bulk sampling programme will also support offtake discussions, which are currently well advanced, with product produced during the bulk sampling being sent to potential end-customers and refiners."


Here from Feb this year - "Facilitating offtake and marketing as well as other general activities."


And finally here in May of this year - "Finalising offtake discussions with a bulk sample to be taken in coming 2018 field season to supply final product parcels to customers"


Clearly there is an issue on the offtakes. No offtakes - no company.

Y u no longer listed as a top 10 shareholder?

[maccamcd] 10/9/2018 16:19

I'm still very balls deep thank you very much Richard!
That's enough from me till the offtake hits and I can come back at you!

[richie666] 10/9/2018 16:03

Noticed that my ol mucker Mark McDowell has now disappeared from the top 10 holders here -


In fact there is only 9 listed now which is odd. He has not been selling perchance whilst advocating to his acolytes here to Buy has he? Well, well...

[bigboyblue] 10/9/2018 14:22

Apologies to anyone who thinks this is a bit too disconnected from today's share price, but here's another article about the spread of Chinese influence.

Whilst we have speculated on here about the favourable logistics of a deal with Rio Tinto, who knows, in a year or less we might be the subject of a bidding war between Rio and a Chinese firm. That might be a happy situation.

[snowyflake] 09/9/2018 17:49

A tremendous job dippygirl. It was good to have the link.

[bigboyblue] 09/9/2018 14:25

Yes, not just ice all year round and no trace of permafrost showing on that drill as it comes out!