Bluejay Mining Share Discussion Threads

[monet] 05/5/2024 11:33

Miranda it's good to see you post on JAY again.

[the count of monte_cristo] 05/5/2024 06:14

Good posts, many thanks for sharing!

[ipeesquint] 04/5/2024 21:00

Thanks Miranda.

In 2018 I bought based on this video.

hxxps://youtu.be/W-W8LH6R1Qw?si=z4RtSO8V2kvGy2Rg

While it’s old I remind myself …..nothing has changed in this video.

It still looks great to me.

Fingers crossed for Rod and Co.

Cheers.

[mirandaj] 04/5/2024 17:44

Ipeesquint,

I was not at all happy when Rod McIllree departed but as soon as he came back I was interested to see what would happen. Eric comes over very well.

A reminder about Dundas from 5 years ago so now out of date:

"Dundas Titanium Project heli-fly-over newly identified exploration targets at Iterlak Delta"



This was the amazing loading of the barge - the pilot of the barge was hesitant about coming in close in the unknown waters for him but he did.

"42,000 ton bulk sample from its 100% owned Dundas Ilmenite Project (‘Dundas’ or the ‘Project’), the world's highest-grade ilmenite mineral sands project, successfully departed Greenland destined for the Port of Contrecoeur in Canada.

[ipeesquint] 04/5/2024 16:38

Thanks count and squire.

One key issue to resolve is the speed to mine on Greenland. They badly need infrastructure, roads the basics. The recent airport development will help but it took 14 years to get Dundas permitted. So,e of that may be management incompetence. The whole process must be more streamlined or even majors won’t care about whats there.

While everyone still is thinking battery metals are where it’s at …the EV markets are stalling as too many compromises and no doubt those in the know are already looking for the next big thing to drive the green agenda.

Maybe it’s gases. I like the pivot to copper. World always needs that.

Hopefully the big bumps over and just value creation now. As a holder since 2018. I need something postitive to happen to justify the investment.

[the count of monte_cristo] 04/5/2024 16:06

Ipeesquint, maybe sentiment, low commodity prices and poor management. All of which can and do change.

I think the US will increasingly invest in Greenland and the Greenland government will focus their attention to the US and pivot to them,

The ice caps are melting, more land is revealed. Indeed JAY refer to that in their last rns. At a 4m market cap the risk from here looks limited, imho. Interesting to study the past but the future is what matters.

[the count of monte_cristo] 04/5/2024 16:00

Mirandaj, thanks for that post, most helpful.

[squiresquire] 04/5/2024 15:25

Nothing. They definitely missed deadlines but proved both the resource and ability to RAPIDLY ship 40,000 tons. RIO then pulled Quebec and then we had Covid which screwed everything. Here we are though with Kobold.

[ipeesquint] 04/5/2024 13:12

Count

I wonder the same about Dundas. What’s wrong with it ?

Ip

[mirandaj] 04/5/2024 12:56

Agreed The Count of M C.

Of course not everyone is down 98%. I have also bought in recently again and did a lot of research into this company and into Greenland and its people and attitudes.

Michael Walters has written books and was with The Daily Mail for years and really cared about the small investor. He ran his own website www.michaelwalters.com but as he was getting on in age etc he decided to call it a day last year. It was a close community of like minded people which went rather awry before the end. It is now closed.

"How to Make a Killing in Penny Shares"

Good luck with Bluejay Mining

[bigboyblue] 04/5/2024 12:38

An interesting discussion. Some will remember me as a regular contributor here. I can no longer claim to follow all the details that I did then, but I have continued to watch on a regular basis.

I sold my holding when I came to the view, gradually, that nothing RM said could be relied upon; the words never seemed to match the body language! My most charitable assessment is that he said/says the most optimistic thing he can come up with, in the hope that it comes to fruition. Others might be less charitable.

Ipeesquint says re Dundas 'Why they are not mining it now is beyond me. The payback is almost instant in mining terms.' Quite so, but surely there must be s reason. Does no-one want it? Rio certainly seemed to lose interest a while back and what about that Asian conglomerate, what happened there? Likewise Exim.

I'm not saying everything is a lost cause and Count, yes you're right at these prices there's plenty of potential upside. Further, although I don't put any reliance on what Rod says, what he does is another matter and he has certainly bought a lot of shares. Presumably there is a plan.

In the old days I was in almost daily contact with Snowy on here and less often with Rampair and Summerfield. However I live in rural North Wales, a million miles from those closer to the key players, so I may not be as well informed. Good luck anyway to those who have kept faith (Miranda, Squiresquire etc). I continue to watch.

[the count of monte_cristo] 04/5/2024 10:20

But what about the people buying now, buying at these levels who are not 98% down. Like myself, for me it looks great value and I am happy to take more at these prices.

Also, who the hell is Mike and what was his website about?

JAY are capped at around 4.2m, KoBold are the real deal and this discovery in Zambia will further embolden them and their ultra rich backers to find more resources globally. You don't make money buying at the tope when everyone is confident and wants in:))

[mirandaj] 04/5/2024 08:59

Good.  I am glad you are leaving this Ken.  Yes,  Mike did say that about your posts but was also very aware of you talking your own book constantly.  There are other things he said but not for this place.  He was winding down his website and was upset by the constant attacks by you and "Dean" in the last few months as I posted there.  Relief when it was over was palpable and sad.  Many people's best wishes went with him and the closure has left a gap which can never be filled.

Now. To the fascinating happenings of takeovers and the effect on mining in Greenland and what the Bluejay board can achieve going forward if possible.

[kenmitch] 03/5/2024 18:10

I’ll leave it after this, but Mike made it clear to me on several occasions that a lot of his subscribers continued to subscribe for my output there. The idea that my posts were universally unpopular is more nonsense. They WERE vey unpopular with a minority who loathed my warnings about rubbish shares like JAY.

Obviously there’s no support for me here, because the only people still promoting JAY are those not put off by a 98% share price fall.

[squiresquire] 03/5/2024 17:47

Almost every post of your Kenny is spiteful and bitter, pompous and overbearing. It is only the ignorance thats is your personal foundation that prevented you from seeing the daily posts on Mikes thread that singled out the constant irritation with your pedantry. Oh except for Dean, your poodle.

[kenmitch] 03/5/2024 17:42

Miranda and squiresquire.

I’m not bitter nor spiteful. I’m just stating obvious facts.

As for not understanding JAY. Can’t you see how nonsensical that comment is? I understand it very well and have for years. It was a failing company with a long record of over promising and under delivering, and ending up with their once flagship mine at Dundas not even getting started. I posted warnings about that many times.

The share is down 98%. So those who don’t understand JAY are not people who sold ages ago and warned that it was a rubbish share, but those too stupid to cotton on even when there was a multi year share price fall.

Far from being bitter and spiteful, I’m a happy person snd investor, especially as my portfolio is now self financing. And over the years on Mike’s site I posted on a lot of winners……;.while the blue sky fans like squiresquire and Miranda, and Mike himself unfortunately, promoted one disastrous share after another.

And read your latest post about me again squiresquire. Isn’t that and the previous ones, a good example of a bitter and angry post? Don’t let me upset you so much. It’s not worth it.

[mirandaj] 03/5/2024 17:23

Oh dear Ken, what is it that makes you so bitter and spiteful? It must be so very wearing being so miserable. Those who have bought and sold shares in any company and at any point, are grown adults who have made their own decisions. You should respect that.

[kenmitch] 03/5/2024 16:37

The only people left here are those too stupid to realise that they are still promoting JAY even after a 98% share price fall from the peak…..where the same people were then forecasting an even higher share price. I look in occasionally (ditto with Eden) out of fascination that people can be so blind to reality. Even if JAY recovers now, it would need the share price to go up getting on for 100 times, to get back to where it once was, when I was keen too.The vast majority saw sense ages ago and sold.People I feel sorry for are those trusting members of Mike’s site who believed all the bullish nonsense about JAY and as a result lost heavily.

On top of already huge share price fall, JAY is down another 57% year to date.

[the count of monte_cristo] 03/5/2024 13:53

If KoBold find something, they will develop it. They are the real deal.

[ipeesquint] 03/5/2024 13:37

Squiresquire

Good to see you and Miranda here.

I think it does look the best it has been in ages. Rod back is a plus for me and while there are lots who despise him because he trousered £2.9 million at 14.5p fair play to him. He put out the strategy, it was rejected and he sold out. Ironically 2 years later we seem to be doing what he wanted in the first place and he has ever been the opportunist and sniffed out gases and copper. His connections and relationships in Greenland I think are essential to success here. Having lots of skin in the game is also helpful and brings investments in. It’s rare on dragons den they invest if the hapless owner has risked nothing and expects them to risk their cash instead. Eric also welcome of course ………;..many will have tales no doubt but came over well to me. Good Rob is gone. A fatal choice and has destroyed the value for now.

I have millions of shares at an average of 4p so I am hurting as most will be that are long but when you see the prices of what majors pay for a tenth of JAY may have ……it is worthy of the gamble for me. Kenbeatch must be so happy the price has crashed so low. He will pop up now and again to remind everyone. At least free of Mikes site he can’t go and drag up the old emails of 6 years ago. lol his fake “I hope it all comes good for shareholders” is my favourite bit.

Originally I bought in 2018 for Dundas and very pleased they know the source of the ilmenite and will further prove up the material reserve estimate. It has long been my frustration that they didn’t do this years ago. 117M Tons is a fraction of what lies off shore. Estimates were well over 500 million. As they said in the interview no harm was ever done by adding tonnage or grade. The interlak delta had parts reported over 70% pure ilmenite and 65 million tons. Why they are not mining it now is beyond me. The payback is almost instant in mining terms.

With Anglo American staked out all round Dundas and the new copper license which came for free taking JAY’s claim to a stones throw from BHP and BHP bidding 31.5 billion for ANGLO ……itR17;s fair to say one of them or both will end up being involved in JAY……or maybe owning it.

Disko will get drilled in 2025 by kobald and if it’s all it is touted as ……..when Kobald move on and sell to a major their 51% (they are not interested beyond finding it and selling it). This company may finally have a valuation that is accepted by the market for the 49% we still hold.

Re the gases I feel it’s just being added to build more “bits” on JAY. I have a feeling given Rods holding and what I am seeing it feels like JAY being fattened up for a sale of the whole company in the next few years to BHP. The key is being able to value it correctly and that has never been easy for juniors. At least ROD tends to keep the dilution down and salaries don’t run away as he sees shares as far more tax efficient for compensation, which they are.

Anyways not much to do but sit and watch. I am still amazed what £1k buys now compared to when they 24p a share.

Good luck all.

[the count of monte_cristo] 03/5/2024 12:40

Sub 5m market cap

- two JV's one with RIO and one with KoBold
- excellent licenses in Greenland
- potential to sell off the Finland projects
- increasing interest in Greenland
- turnaround story