Bluejay Mining Share Discussion Threads

[rampair] 15/3/2018 11:20

Ok,”what if a bigger company was planning this project(I’m not suggesting this is the case) this is an excercise”

so, bearing in mind that we know the company is looking at two points on the beach for building handling facilities- and, from the standpoint of JAY we have a choice
First we dredge the Tombolo (the rounded omega shaped piece of beach near the old village. If this is dredged you can see from the plan of a recent presentation
(Website) that this may be either pumped into a building for further processing.
Or straight out to boat if it’s very high grade.

The plan was to build a pier out into the sea to allow barges to then carry their cargo out to waiting ships.

The size of that ship, or, whether a large ship is able to use the nearby deep water
Port is down to a DFS.

Second scenario.
A large corporation would buy in & choose to site their facilities in the centre.
Which is the other option.(currently, it may change)
If this were the scenario- the large company may see the advantage & build their own port, allowing Panamax, Cape size, who knows what size. What I was trying to hypothetically work out - what scenario is possible.

If the authorities allow a certain size of ship - remember these are Arctic waters and the Danish maritime authorities have a say in this. Also, they will want to mitigate
water disturbance due to Whale breeding - it makes sense to make your ships bigger.
However, the whale protectors will say big ships cause more waterborne vibration.

It’s a delicate balance of who is developing the site? Are they going for a big plan immediately- if you have a big backer it would make more sense to build things all at once?

So, they will build or most likely rent the biggest ships possible that makes sense.
It may, after much debate come down to using an even bigger vessel - it depends on
whose pocket this is paid from.

Either way, we are all simply speculating.

If I were the US I’d tie my Thule base into the local infrastructure as tight as possible and offer cheap rates on using their port. After all what’s wrong with us
- if it’s jay on its own, using a cheap, deep water port.

Look at a map and see how far it isn’t.

R. Any problems just ask.

[shutittrev] 15/3/2018 10:20

Is Rampair having a moment? An interesting volte face for sure.

[thebigchap] 15/3/2018 09:39

Are you actually kidding me on Rampair?

Ramapair previous post

The second point was that, if a small junior like us were to build the handling port
and infrastructure ourselves we would, in the normal run, borrow/Sell a big piece of the project.
Luckily for us, on the YouTube video, the key word used was “transparent” Also
a lot was made over the relationship between the company and the Greenland Agencies.

What if a bigger company was planning this project? (I’m not suggesting this is the case!) this is an excercise.

If someone like a Glencore wanted to add to their Ilmenite stream they would plan to build a sizeable pier, suitable perhaps for the Panamax that was mentioned? This would need Greenland to perhaps need more time to contemplate a fairly large sized operation straight away.

If we imagine that the company has the interest from offtake, to allow a much more ambitious project to be put in place - one that brought us straight in to the major top few suppliers.

Also mentioned...

Now, a Panamax is a big blighter! Quite a long ship, if you are contemplating a movement involving those ships - we would be straight into the big league, a lot more buildings at the village that exists - now the Greenland planning dept is possibly using Denmark to help out because this project at the 1m ton plus level is going to be something that needs serious planning resources- I would suggest that we should, in fact, be quite pleased we are looking like serious players right off.

[rampair] 15/3/2018 08:57

We have no need for a Panamax port, the Americans have a large shipping port at Thule airbase.

I envisage smaller barges going out to a larger ship.

Or, as RoyalIHC are doing the dredging study, if we use dredgers for the marine shelf they carry 1-2km pipes out the back to load any transportation.

We are very low cost,

Alba’s licence imo has no bearing on us
- otherwise it would be part of JAY
They looked in detail at the absolute best
part of this deposit and put it into Bluejay.
This was surveyed by the company a number of years back. The Oasis is ours!

R.imo!

[thebigchap] 15/3/2018 08:06

On another point...

With other companies such as Alba in mind who are quite clearly a way behind us, but most likely will begin to exploit at some point just as we are looking to do.

If we lead the way in terms of improving infrastructure such as the airport which is "needing a bit of work(rod)" and building a Penamax capable port (rampair) would we not have the right to apply some sort of Levi to future companies looking to use the facilities we have developed?

[snowyflake] 15/3/2018 07:22

Rampair - imo yours is as good an explanation as any other. If the call is suddenly raised some leveraged holders have to sell some of their shares to cover the shortfall if they cannot match it, thus causing the share price to fall back (temporarily)

You yourself made the point days ago that holders are better off paying for their stock and thus owning it.

[gersemi] 15/3/2018 05:31

Read the first paragraph - this may provide one possible explanation for yesterday's 'abnormal trades' (if there is such a thing in the stock market) - MIFID adjustments

[rampair] 14/3/2018 22:49

It’s also possible that the change in cover required by some spread betting firms is having an effect. Some of us not in the UK have had to have a lot more
cover, simply because mostly people thought it would rise ! Therefore
The companies weren’t making enough return

Just a thought, not sure if anyone has experienced that in UK?

R.

[graham10k] 14/3/2018 21:49

On second thoughts the two trades, 1.5M and 2M at 24p and the 3.439M at 23.7p could be an agreed transfer between a seller and buyer and hence the share price not too much affected.

[graham10k] 14/3/2018 21:41

Let's hope they buy back in April after all, why sell such large volumes now with hopefully good news on the horizon?

[squiresquire] 14/3/2018 17:29

It may well be to do with the end of year, if someone is taking a profit or moving shares to accommodate some tax requirement, who knows but that thought does come to mind.

[bdog51] 14/3/2018 14:20

I may be wrong but I believe the theory is that the MMs dropped the offer (via tree shake?) to accommodate those 2 large buys yesterday. If anyone can clarify/dispute this then please do. Post 2723 refers.

[thebigchap] 14/3/2018 12:40

thanks graham, can you explain this a bit further?

[graham10k] 14/3/2018 10:35

I think the answer to yesterday's shenanigans has just appeared on the trades pages where buy's of 1,500,000 and 2,000,000 have just been put through.

[bigboyblue] 14/3/2018 08:02

Currently there is a 3 party coalition in Greenland. Their policy doc for what it's worth is hxxp://naalakkersuisut.gl/~/media/Nanoq/Files/Attached%20Files/Naalakkersuisut/DK/Koalitionsaftaler/Koalitionsaftale_S_IA_PN_eng.pdf
Parties are Siumut, Inuit ataqatigiit, and Naleraq, the first two having most of the seats in parliament. From what I can find it seems that Siumut is the most pro-development

[shavian] 14/3/2018 07:18

I see Alba are beating their chests about taking a few aerial photos of their beaches to the north of Dundas and about talking with GEUS. No competition from them up there for a few years yet, methinks.

[snowyflake] 13/3/2018 20:15

Exactly presto. Little point in dreaming up dramas when none concerning the company exist.

[presto77] 13/3/2018 19:33

Election was called a few weeks ago and date set today. Latest it could've been held was October.No dramas....just a sell orderEveryone awaiting project/offtake news

[youthstockperspective] 13/3/2018 19:26

Incredibly interesting perspectives that are worth reading:youthstockperspective.com

[gersemi] 13/3/2018 19:24

2 x 1.4m trades at 23.50p

I wonder if this was a tree-shake to fill a cheap order?

enuff from me

[squiresquire] 13/3/2018 18:51

davroc

Sorry i shall desist.

[gersemi] 13/3/2018 18:51

What's happened here? Is it the licence slippage inference?

Focus on the fundamentals. A high grade ilmenite asset with a multi-decade longevity

[davroc] 13/3/2018 17:12

My favourite board is going downhill rapidly and joining the other trash on ADVFN.

[squiresquire] 13/3/2018 17:06

presto

Having read your post above i now fully understand why you are so Thatcherite.