Bluejay Mining Share Discussion Threads

[thebigchap] 27/9/2018 19:21

ah yes thanks snowy this now resonates with me.

[snowyflake] 27/9/2018 19:15

the bigchap - it goes back to 2016 when the tard had his first crack at Bluejay (then FinnAust). It is considered that the tard was rejected by RM for his suggestion that he wrote up the company for a fee. Having been refused, the tard has had in it for the company.

[shutittrev] 27/9/2018 17:20

Well put Presto. Much obliged.

[will02p] 27/9/2018 16:12

Latest news seems to have steadied the ship......glah

[shutittrev] 27/9/2018 15:15

Nice one citytilidie. Up to their usual standard.

[citytilidie] 27/9/2018 14:13

What markets detest is uncertainty, and the shorters have taken advantage of this over the last 4-5 months (with a bit of help from market manipulation). To me, the uncertainty has now disappeared with today's positive announcement. Any delay is now priced in and future announcements should only bring positive news. Remain short at your peril Align followers. My post above confirms what bad judgement he has and truly confirms money talks

[citytilidie] 27/9/2018 14:06

Align came out with a conviction buy note on Widecells just 3 months ago. He obviously researched that company well ( or they just paid him nicely ), as they are down 61% TODAY. Analyst extraordinaire once again!,

[moreminer] 27/9/2018 13:33

Snowy

Certainly more then Widecells......

[snowyflake] 27/9/2018 13:06

citytilidie - I loved your post 4545. I would comment further. It may be that the £11 million which Bluejay have in the bank is more than the combined amount that all the companies, which pay Align to promote them, have in the bank.

[will02p] 27/9/2018 11:16

ItsComingHome

Thanks for your invalid input....daily fluctuations are of no consequence to me I shall wait for the real deal..DUDE..

[itscominghome] 27/9/2018 11:13

Congratulations all on these stellar results reflected into the massive 0.05p surge in the share price. Not like they e halved leading it up them or anything.

[snowyflake] 27/9/2018 10:03

shutitrev - Jack Cohen (tesco) died some years ago!!!!!!

[shutittrev] 27/9/2018 09:58

MM, Bluejay have so much of the stuff they'll probably be giving that away for free.

[adamstip] 27/9/2018 09:51

MM you need to add a couple of zeros. It 10000 tonnes

[moreminer] 27/9/2018 09:33

Perfect Choice,

As for cash, do not forget the revenues of the 10000 tonnes sitting ready to be shipped.
That will add good money.

[perfect choice] 27/9/2018 09:20

Just on the cash issue, it should be noted the interim accounts included cash spend of £2,372,378 for "Purchase of property, plant and equipment" which is from this summers work and a one-time spend we can all see from the photos provided. I am expecting future investment spend for full production to be funded through off-take arrangements. For pilot supply now, JAY have everything they need on site. Looking at the cash flow statement and accounting for this, I make it JAY have existing funds easily for the whole of 2019 (plus also note reduced exploration costs over the winter as I expect a proportion of any contractors will not be utilised and incurring costs as the field season has ended).

[xclusive2] 27/9/2018 09:01

The Bears new that there was a delay in the offing re PFS, Exploitation licence award and Offtake deals. Cash position is still strong and monthly cash burn manageable. The Placing in Feb was a real coup co sidering where we are today. Good to see that they are advancing nehotiations with Majors re offtake deals and they will come. A bit like my little SXX, the resource is there in abundance and it's just a matter of timing to a real payday. Differences here, there's minimal funding required hence the considerable upside.Only risks are licence award and it's timing. Can you add or enter the game at a lower share price ? Could revisit 12p ish but that would be an early Xmas present.Tuck them away and take another look in Q1 Smarty

[bigboyblue] 27/9/2018 08:45

Agreed re current cash position and lack of need for funding, particularly with less expenditure likely over the winter months. It would be interesting to see any updated articles comparing the prospects at Dundas with those at Thule in the light of most recent information. I could write one myself, but I'd prefer to use my time more constructively.

[perfect choice] 27/9/2018 08:35

Well yes Q1 2019 is the date for the final publication of the PFS. Delayed to incorporate project optimisations to improve even further the economics, relevant text is below.

The really big pay day as I see it is the final submission for the exploitation license and that being granted. Unknown answer right now is timescales for that during 2019.

Very confident of that outcome and interims overall look good with transformational potential from the Iterlak Delta target area, namely "This could be transformational as I believe Dundas is already a company-making project based on the result at Moriusaq alone - add to this the discovery at Iterlak and it elevates the Dundas Project to a new level. " to quote. Management are also very positive on the outlook for Disko stating "We don't believe this the Disko Project's value is currently reflected in our share price and as a result we believe strong value uplift potential exists from this asset."

Looks like I have plenty of time over this winter to build up my holding in JAY, but really looking forward to 2019!


"As a consequence of incorporating these optimisations, it is now expected that the final PFS will be released during Q1 2019. Although we are disappointed with the delays, it is important to note that these project optimisations will expand what is already an economic development into a significantly more robust long-term operation. I am confident that the wait will be worth it. In addition to a positive outcome on the Moriusaq raised beaches there is also the potential of a significant Iterlak resource to look forward to. If, as the Company believes, we are able to demonstrate resources at Iterlak, extrapolating the development to include Iterlak should show a multi-decade operation is achievable."

[citytilidie] 27/9/2018 08:33

Any points made by pretend analysts look to have been answered. Contrary to Align's new tweet this morning, to me NO funding looks necessary at all. Their cash burn was £800k, which is nothing, and they still have 11 million in the bank, something the companies Align research only dream about

[will02p] 27/9/2018 07:43

I can wait for the big pay day...its on....Q1 /2019

[longrod] 27/9/2018 07:37

Few delays with the study but that seems to be so they can make more money out if it.

Apart from that looks all ok.

Thoughts ??

[ayesha4] 27/9/2018 07:27

Great value at 14p