Bluejay Mining Share Discussion Threads

[5chipper] 03/10/2018 19:57

Looks like a good point to buy a few?

[toyin] 03/10/2018 19:46

presto77. When you've had a drink, cover one eye while typing!

[sandcrab2] 03/10/2018 18:46

Has Tom opined on this POS yet?

[rampair] 03/10/2018 17:37

I think he has absolutely no need to place.
Unless a licence and offtake for 500,000 tons turned up!

They have £10m year end, read the last pages of the annual reports and look at salaries.

I don’t normally say “ I bought etc” but that prompted me to state that i added a small amount- im a small investor! Even day trading this there was a 10% bounce. I don’t day trade and i bought because that vast expanse of ilmenite is still there and there are
9 smelters in Quebec- the rest DYOR!

R.

[adamstip] 03/10/2018 17:32

I don't think anybody can call a bottom of a downward trend but I think we are pretty close, positives and negatives from the interview but nothing new as most of it was in last week's interims. Big capex savings by shipping to Quebec and liked the bit when RM spoke about the sophisticated investors understanding the delays.

[toyin] 03/10/2018 17:11

Snowyflake. I have, I don't believe him. Last time we spoke the price was around 15 it's now 11.5 the market knows something. Placing.

All the best

[snowyflake] 03/10/2018 16:58

Exactly PC. toyin - worth listening to/watching the proactive investor RM interview but obviously a matter for you.

[toyin] 03/10/2018 16:55

If you believe its £140k a month cash burn, good luck.

[perfect choice] 03/10/2018 16:54

You have not removed the one off capital infrastructure cost done this year in the interims! See my post 4549 where this was covered. Also over winter period contractors reduced as exploration season ended. Based in interim spend less one-off capital, JAY have enough for the whole of 2019 and beyond. So do some proper research I would say, JAY run a tight ship so when they say they will have £10M left end Q1 2019 that will be the case. Money is not the issue, refer to previous post.

[toyin] 03/10/2018 16:51

Snowyflake. Look at the cash burn in the interims. Like I said last time I was here you should listen Bearcast irrespective of what you think of him, he makes some good points.

All the best

[perfect choice] 03/10/2018 16:49

Yes £140K a month (stated at 12 mins 12s into that interview) then expects £10M left at end of first quarter next year(stated at 12min 45s in the interview) and that is before any income from offtake or samples, be it small but would count. Financial are not the issue, clear visibility of timescales and progressive news flow is. JAY need to get that going now.

[snowyflake] 03/10/2018 16:43

toyin - have listened to the interview. The cash burn will be £140,000 per month. The best part relates to the reduction in capex going forward. There is no reason to raise money as junk also said having himself listened to the interview.

[junk] 03/10/2018 16:40

The interview said costs were under control and there was no need to raise Money at this stage i may have misheard but thought he said 140K a month with that mainly being staff costs. But he did say they were in a good place financially.

[sheep_herder] 03/10/2018 16:40

toyin, stop toyin' with the figures

[toyin] 03/10/2018 16:35

will02p. They are doing a £1m a month, they will need money soon.

[junk] 03/10/2018 16:34

Good interview thanks for the post...all sounds positive except for the delays....got a few more near close. Sounds like Q1 will be very interesting and no issues on the EIA. Low cash burn and no funding needed. Great stuff

[will02p] 03/10/2018 16:32

I do know I will have to wait until 2019 q1/q2 before I expect anything..they are fully funded with small operating costs...so I will hang in there no problem..glah

[itscominghome] 03/10/2018 16:27

Closing on the days lows - another very bearish sign

[presto77] 03/10/2018 16:11

Now we disagree mateBear mkt for small capsNeeds a capitulation day and lots of new owners

[itscominghome] 03/10/2018 15:18

Yes Nico, good point. Could well be the case

[nico115] 03/10/2018 14:56

Totally agree itscoming however it is sometimes accompanied with a big seller being taken out at the lows Not always a bad sign

[itscominghome] 03/10/2018 14:53

Big volume on a down day is BEARISH - just like big volume on an up day is BULLISH

Shows you there is real selling pressure rather than just a mark down. But hey ho - each to their own