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JAY Bluejay Mining Plc

0.31
0.002 (0.65%)
18 Apr 2024 - Closed
Delayed by 15 minutes

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Posted at 17/4/2024 13:29 by the count of monte_cristo
MET1 the top riser today, remember JAY have a large holding.
Posted at 09/4/2024 10:48 by the count of monte_cristo
KoBold about to drill over at TYM, come on JAY get your act together.
Posted at 16/2/2024 16:27 by kenmitch
Hi fleuryp.

I’m not intending to post here again,but want to reply to your post.

I really hoped Reddit would work well, but doubted it would simply because nearly all the people who signed up for it were people who never posted on Mike’s site. Ideally it needed both those who posted on blue sky mainly AND those who mainly posted on BARG type shares to join as well for Reddit to work, but unfortunately most of those didn’t. The inevitable result was hardly any posts. Had only blue sky/speculative posters signed up it would have worked, as it would if only those favouring quality had. I am going to do a KITE post soon as number33 is keen to keep that portfolio alive going.

I realise I offend you but enjoyed your posts. I realise this is off topic BUT there are now very few left posting on JAY. There have only been 67 posts on this thread this year and some of those are me misbehaving and the same with the similarly off topic aggressive replies! It’s inevitable that previous fans have moved on and perhaps many after losing heavily now that JAY has fallen so far.

How different it is to 2018 when JAY was over 20p and expectations were SO high. e.g like this one from big fan then Monts. Who would have thought for a moment then that DUNDAS would end up being abandoned?

monts1216 Feb '18 - 13:35 - 2516 of 12183
0 0 0
Herder
I agree it would be better to get to big production in a few years and receive some lovely dividends but I believe that it won't come to pass as there are too many hungry eyes on JAY's Dundas asset, which is sure to be gobbled up by a bigger company well before that stage”

Good luck and good health fleuryp, and hope you find some big winning horses too.
Posted at 24/1/2024 13:04 by squiresquire
Count...Thanks for those, good stuff.

I dont think we will have a very long time to wait before news giving us a better idea of forward intentions from both the Kobold perspective as well as from JAYS. The split of 51 - 49 rather gives the impression that Kobold only want to be bothered with Disko and its relevance orr potential relevance to energy needs in the future. There is no doubt Ni has been hammered by the general market decline in Industrial use, certainly stockpiles, China's current relapse and Indonesia's cheaper product which is grabbing the market share these days. Disko though isnt about money today or tomorrow for Kobold, its about hiving off a vast resource, wherever they find it, for the future and creating a huge conglomerate that owns a large chunk of Strategic Mineral across the globe. Bezos and Gates both think Globally and Futuristically. Good luck to them i say.

However now that R M is back in the frame, and they, as in Kobold, would certainly have had a say in that with their 51%, we may well get back to work soon and see more than just vapid promises. Covid has definitely screwed us about but ime pretty certain the cards are being re dealt from the pressures of nothing happening which has been the only constant in the last few years. Awful really how the potential has been sitting there undrilled all this time, anyway we are where we are as they say. Its now up to the nwe buys, or returning boys, to analyse the best way forward that slots into Kobolds aims as well as JAYs.

They have a bit more liquid dosh now, hopefully we will learn how they intend to spend it sooner than later. It would also be very nice to see some of the deadwood that JAY has been paying for, cut out and some people who get their hands dirty with drilling bits and pieces taking over from the theorists.

The other day i asked you if you were aware of any particular information regarding the Ni Cu deposits. I had understood that at some point in the distant past volcanic activity had created a particularly nice 'haven' for the metalic substances that had congomerated if thats the word in large high content areas. I think its that occurrence that Kobold are looking for. For the life of me i cannot find the original article / podcast i got the information from but i am certain Kobold see the Disko model as being attractive enough to spend a lot of millions on.

JAY also has its other interests in Gold Silver etc that they may sell off or farm out. We do need to hear more about these interests as some money is for sure sitting out there for JAY to tap. Lets see what next month brings, i say next month as then RM and his BOD along with Kobold, will have had tome to review and re-plan events to come, Dundas has been written off in some sense by the last RNS but that just doesnt wash as the work to define the original RNSs giving Dundas qualities and quantities, was NEVER to my knowledge superseded by any study that could be called comprehensive. When they released the RNS saying they were mothballng Dundas due to new information showing Dundas to be less than originally though i simply didnt believe it. My take is to wait until end of February to see what the new set up at both Kobold and JAY are now intending. They themselves must be desparate to get on with things especially after all the Covid interuption.
Posted at 12/1/2024 10:38 by kenmitch
Can’t fathom why people who think and have thought for ages that JAY is a rubbish share (it is) continued to hold. It gets hyped by the likes of squiresquire but he’s been doing that hyping all the way down. Most of the shares he hypes are losers.High chance that before too much longer JAY shares will be suspended for good.

Good luck to all who continue to hold. Hope doing that proves a good decision but at present it seems very unlikely. Will be happy for those holding JAY for multiple years if JAY survives, and then at last thrives.
Posted at 22/12/2023 09:33 by squiresquire
Count..

Nice one, i have no doubt JAY have got Rod M back to use his Geological, Greenland and Bluejay knowledge to help them get on with Disko and JAYs other assets. Ime still buying at this price, its just too good to miss. Time will tell and nothing is ever nailed on but JAYs assets in ground are pretty much beyond dispute after 100 years or so of Geological reports from Disko and the other areas of interest to us. I look forward to the Share Price recovery this coming year.
Posted at 21/12/2023 15:52 by 2magpies
Rod was THE man at UFO once.

Now he's at JAY.

Troy Whittaker is, still, CEO at UFO.

Now he's also a NED at JAY. [he was, ever so briefly, COO of JAY ........... until...until someone at JAY (or its NOMAD) actually read the RNS, it woould seem].

What a wonderful world, eh!
Posted at 20/12/2023 16:16 by kenmitch
I agree with that comment BUT it’s also the case that too many investors rely on “trusted posters” and commentators, and the garbage spouted by the likes of Rod M in on line interviews, instead of researching properly. That includes NO thorough checking of previous update comments to see if JAY had under promised and over delivered or the opposite.

I held a small JAY stake years ago with that buy decision based on almost 100% ultra bullish comment on another website. It was only when I couldn’t fathom why, if all was so good, the share price had fallen heavily. It only took around 15 minutes of checking past updates to discover that JAY had way over promised and way underdelivered.

I posted to point that out with specific examples of the most extreme falsehoods, but as it always does with over hyped rubbish shares like JAY, it fell on VERY deaf ears.
Posted at 22/7/2023 18:10 by perfect choice
Hi All, I can see a few posts enquiring on my whereabouts and possible identity.

First thing to say I'm definitely NOT Kevin Sheil, I am a PI like virtually everybody else here I expect. I've also never been to a JAY AGM so it couldn't have been me you met sammy.

In terms of JAY I sold my entire holding back on the 17th February at an average just above 4p. This was after reading the "new" strategic review issued on the 14th February. Bottom line is that I disagree with the strategy which in effects pursues all prospects JAY have, which ultimately will be highly dilutive either as a greater number of shares issued (if they can do more equity placings at this low price), or by reducing their own holdings of their prospects by bringing in partners to do the further exploration work JAY cannot fund themselves. So looking at their current prospects, these are my views now.

On Dundas, I have suspicions that there is more drilling needed before they can get to a DFS and actually progression of construction. I am aware of a comment made at the 30th June AGM to an individual saying the issue with Dundas is quality (either Ilmenite grade or depth , don't know specifically). The drilling done in 2022 hasn't resolved that otherwise why still mention now? I feel there is more spend to come which JAY don't have the cash for, so a potential partnership to progress if a partner wants to (but financial viability now a question due to "reliability" and lower price of Ilmenite versus price when PFS was issued). However a partner means giving up some or most of JAYs 100% ownership; I would expect at least 50% to be earned by the partner if not more even if Dundas remains viable.

I should also point out that JAY have not achieved one of the conditions of the exploitation licence. The exploitation licence is subject to the conditions stated in 4.02 of the licence namely:

(a) Exploitation and Closure Plan – which JAY has done
(b) Provision of Financial Security and company guarantee required by 30th June 2023
(c) Commence exploitation of minerals under the licence by 31st December 2025.

So on (b) we have heard nothing and the date has passed. Also (c) is at clear risk since would require construction to commence next year (2 summer seasons required), but if further work is required to validate the resource more, then that will not be the case. So at the very least the exploitation licence terms will have to be extended otherwise JAY will lose its licence. Don't expect that but do expect a further delay and extension of those dates above.

Moving onto Disko, KoBold have an obligation to spend a minimum amount of money or complete 15 drills by end 2024. But I feel myself Disko being "deep and complex" (comment made by RE in an interview) is no longer a high priority prospect for KoBold. While Disko is still on their list of prospects, all their current promotion of projects are with targets in Canada, Australia and Zambia. They simply have higher priority and more prospective targets right now to progress. So I either see KoBold will complete their obligation or extend it with JAY. But even if they complete their obligation, just 15 holes drilled are just discovery work and much more to be done to even get to an initial JORC compliant first resource estimate. So how does JAY pay for that follow-on work. Another partner introduction?

The same applies for other JAY prospects and that includes Kangerluarsuk where I see a partner appearing as well with earn-in rights maybe to take JAYs ultimate holding down to 25-30% like in Finland.

So this all reflects the new strategy as it appears to me and a high risk of reduction in holdings of projects JAY has. They are becoming an exploration services company for the majors IMHO and will earn their income from that, with the hope of a small percentage holding of the eventual producing mines if successful.

But bearing in mind there are already 1Bn shares issued and outside of Dundas, we are still talking of 8-10 years lifecycles for new operating mines in Greenland (brownfield targets in Finland may well be shorter), its just not what I would invest in.

My original investment plan was for Dundas to remain 100% owned and get to operation to generate cash funding for the other major prospects JAY has (in a geology sense, they are still good prospects except a risk on Dundas now as stated above). That opportunity has gone and the share price has collapsed as a result. so as a result I sold in February.

Good luck to those who hold, I hopes something allows you to get some of your money back but I fear a long path to go and reduced holdings by JAY as the result of these new partners they are now pursuing, which is the result of not being able to progress themselves any longer.
Posted at 19/1/2023 22:54 by perfect choice
Have to disagree with your view point squiresquire, on an equivalent basis I would say Uggy should be allowed to post again, bar one OTT post (the AGM one) he should have been warned about.

Moving onto real news, the following was posted by JAY earlier today, welcome back Joshua Hughes and also a welcome to Maria Orianna Leth. Also found a reply form Joshua on twitter so also copied below. The way its written sounds like it's ready for an RNS statement tomorrow.

Seeing people thinking arestructuring may be back on the cards again as was considered at one point last year, but this one may be different. Rob Edwards starting to do his "stuff" maybe? We shall soon see!

JAY Information:

Bluejay Mining is pleased to announce the appointment of Mr Joshua Hughes as Vice President Exploration, effective 06 February 2023. Mr Hughes, who is re-joining the company, is a professional geologist with extensive knowledge and understanding of the mineral potential of both Greenland and Finland across a wide range of commodities. His appointment will strongly augment Bluejay’s existing exploration capability which has been further strengthened with the recent appointment of Ms Maria Orianna Leth as Exploration Geologist.


Mr Joshua Hughes is an experienced exploration manager and brings more than 13 years of experience in exploration for a diverse range of precious, base, and critical metal deposits in the Arctic, Europe, Africa, and Central Asia. He specialises in mineral exploration programme design, planning, and management and has made his career out of leading discovery-focused exploration teams and drilling campaigns in remote and challenging locations. His previous experience includes working as Greenland Exploration Manager for Bluejay from 2019 to 2021 and as Vice President Exploration of TSX-V listed, Arras Minerals Corp.


In his newly created role as Vice President Exploration, Josh will lead and co-ordinate the Company's technical team and manage all aspects of Bluejay’s exploration programs in Greenland and Finland to rapidly advance the Company’s portfolio of exploration and development projects, as well as undertake new project generation and appraisal. He has a graduate degree in Exploration and Resource Geology from Cardiff University and holds several professional certifications including Chartered Professional (Geology) and Member of the Australasian Institute of Mining and Metallurgy, a Fellow of the Society of Economic Geologists, and a Fellow of the Geological Society of London.


The Bluejay team is also delighted to welcome Ms Maria Orianna Leth to the company as a Exploration Geologist. Maria, a Danish national, holds Bachelor’s and Master’s degrees in geology from Copenhagen University, Denmark and completed her Master’s research in structural geology in collaboration with the Geological Survey of Denmark and Greenland. She has worked for several exploration companies in Greenland and Norway and has experience with supervising drilling programmes as well as logistical and operation experience.

Joshua Reply Statement at

I'm thrilled to be returning to Bluejay and looking forward to working collectively with the executive leadership and technical teams to deliver on the Company's technical priorities. The cumulative in-country experience of the Bluejay team is unmatched by any other explorer operating in Greenland. With the recent management changes, I am re-joining a stronger and more focused organisation.

"The quality, scale and prospectivity of Bluejay's exploration assets is compelling. Although Bluejay has traditionally been Greenland-centric, there is significant value to be unlocked at our Finnish battery metal projects, which justifies renewed focus. A key mandate of my new role will be to remove silos and build synergies across our activities in Greenland and Finland that will improve the exploration effectiveness of the group and drive discovery across both jurisdictions. We are embarking on an exciting phase of exploration, with activities planned on multiple projects this year - both with our JV partners at Disko-Nuussuaq and Enonkoski, as well as at several of our wholly owned licences. We look forward to updating the market on our planned exploration programmes shortly.

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