Bluejay Mining Share Discussion Threads

[thebigchap] 12/6/2018 07:18

my thoughts also men? what gives?

[forcemode] 12/6/2018 05:21

Surprised that there hasn't been more feedback from the London meeting, can anyone share? TIA

[snowyflake] 08/6/2018 16:11

Rampair - thanks for reminding me about those transactions. What will attract purchasers of our sands is not just the volume but also the purity and you know this better than me, the fact that the quality is homogeneous.

The company are in discussions with buyers regarding off takes; I look forward to a deal being struck.

[rampair] 08/6/2018 15:51

Yes, agreed Snowyflake, it’s that M&A activity, that is of great interest. Shareholders and institutional investors will hopefully have gained experience from
Iluka’s low price takeover of Sierra Rutile some time back.

Here’s a recent TZMI dealing with Q1 reports and you can see why the TiZir partners are at odds over the takeover of one by the other! Business isn’t too bad - if we see all the improvements in Earnings.

[snowyflake] 08/6/2018 13:08

Redtrend - if you did not know you can follow Iluka on hotcopper an equivalent to advfn(free subscription if you do not want the finery)

TZMI will also keep you up to date with merger and acquisition activity of which quite a lot has been taking place in the sands'sector.

[redtrend] 08/6/2018 12:57

Thanks for all the info Rampair. Will sign up to TZMI and have a look at Rio's and Iluka's last set of accounts.

[shutittrev] 08/6/2018 12:44

Agreed Snowyflake. Thoroughly enjoyed myself last night...excellent to meet up with bber's. A big shout out to the governor, Macca, a top man, great company and also thanks must go to the Commander in Chief, Rod, who made time for everybody. Just saying like.

[rampair] 08/6/2018 09:51

Morning, TZMI are the foremost authority in the space, but their forward price trend information comes with a price suited to manufacturing rather than Private investors.

We can get their industry news feed though - free. Published on a Thursday.


As a guide, Iluka, Rio Tinto give a breakdown of production in their annual reports.
To give some idea, in 2012 prices were 4 times that of a few years earlier, we seem to be trending upward in terms of demand however, so that gives a good underpinning of
whatever funding requirements in the future.In my opinion.

good luck with your decision!

R.

[redtrend] 08/6/2018 09:51

Gersemi - thanks for quick response much appreciated.

Yes you're correct it's a PFS, however based on the timeline to production and relatively simple mining methods, I was assuming the PFS is all JAY needed to proceed with both government approvals and complete construction itself, with production commencing early H2 2019. Based on what I read, I wasn't too sure whether JAY needed a full-blown DFS as well.

I'm predominantly in gold and precious metals miners and will be waiting for their next set of quarterly reports in July (SLP, HUM and SHG), as I believe they will all be solid. Thereafter as I am massively overweight, I plan to rotate a portion into other areas. By that point JAY's PFS should probably be released by then too.

If JAY do require more than the £15million they have in cash to complete the construction, they may release such plans along with the PFS, so hopefully with the PFS providing certainty and re-confirming way forward, any request for funding may be met by the market positively. Alternatively JAY could use the PFS to seek financing/ loans without dilution. If I was an existing shareholder, I would prefer the latter.

[gersemi] 08/6/2018 08:19

Redtrend

I don't think there's a minute by minute price discovery mechanism for Ilmenite. ferroalloy.net or something like that may provide some info

I wouldn't take a position yet though - I would wait for the PFS (not a FS as you indicated( and offtake agreements to add further -

the share price has lost energy in recent weeks - not sure why...fears of further dilution maybe?

What is beyond question is that an uptick in CAPEX spending will be required - I would like to see a capex-offtake agreement of some form

we shall see

[redtrend] 08/6/2018 08:15

Perhaps a rookie question, but I've had no luck on Google. Is there a site that provides up-to-date spot/ contract prices for ilmenite?

In JAY's latest presentation on pg.18 I see there is a graph for "Chinese ilmenite spot prices", which I therefore assume is in RMB. The different type of ilmenite concentrates range in value from 1,300 to 1,400, which would equate to current price of USD $203 - $218 per tonne.

Finally I assume we won't have an indication of JAY's estimated all-in operating costs for Dundas until Feasibility Study is released, or based on the relatively simple extraction methods, have JAY previously given a ballpark indication?

It looks like a very exciting time for JAY, so I'm now considering dipping my toe in. And that's just on researching Dundas - I haven't had a chance to read up in detail on Disko or their other prospects just yet.

[snowyflake] 07/6/2018 21:32

A note to say that it was good to put faces to BB names today. Nice to meet citi and others and also some who who not partake on the boards including Mark and Andy.

Macca was on good form!!

[longrod] 07/6/2018 18:45

steady men!

[rampair] 07/6/2018 16:43

Well, I hope all who attended the meeting in London (and still are!)it all looked very
much a happy group. It helps that it was in a Pub I think....

Samples of Ilmenite and Rocks from Disko, an excellent turn out by the Company from the pictures I saw - thanks to Mr McMacca. (Much appreciated)
Even spotted a few posters, Snowyflake and two of his bodyguards.

I hope that one day, we can make the trip from Euroland - perhaps at licence time.

Best Regards,
R.

[shavian] 06/6/2018 11:36

Greg has also been replaced as CEO of Georgian by Michael Struthers of Lundin, a much more hard-bitten mining engineer. Greg has ‘stepped back’ (= ‘been demoted’ in real-world speak) to being CFO at GEO and has probably been told to stop messing about in Greenland and get on with his proper job. Is his departure the end of all links between JAY and GEO? I think Jeremy Whybrow was associated with both at the start, as well as with both Greg and Rod at Greenland Minerals’ REE/U3O2 project at Kvanefjeldt. All part of both companies’growing-up process!

[rampair] 06/6/2018 11:00

Announcement of non exec change, although Greg has a fair bit of work on at Georgian
Mining. Rod McIllree also holds shares in Geo so a friendly parting as Georgian seems to be getting a bit bigger.

[snowyflake] 06/6/2018 10:03

At what time are you likely to make it shutittrev? Whilst it would be good to meet up with you I cannot wait to see the donkey jacket and Doc Martins.

[citytilidie] 06/6/2018 10:02

It looks like there could be a few notification changes. I wish I had a spare million or two as I'd top up if I could

[shutittrev] 06/6/2018 09:45

Excellent news Mac, I'll be coming straight from work so Donkey Jacket and Doc Martins it is then. Will you still be able to sign me into Sophisticats?

[maccamcd] 05/6/2018 21:34

We have the honor of the great wordsworth himself .... .... Mr Michael Walters at the FAMily get together on Thursday! Still not too late to join us![e-mail]'s not a formal meeting, you can wear what you want (Shutitrev!)

[rampair] 05/6/2018 11:20

Yes, fortunately it’s raining again today and the heating is back on! I need some
Nice soothing words to come out at the Thursday meeting, hopefully attendees of the Soho Soirée will let us 2nd class citizens in the depths of Europe what Bluejay Mgmt
Like in the way of food and drink - maybe someone from the company could bring in a small sample of Ilmenite to let shareholders see and feel what it looks like?

I would also like to hear any positive noises about Disko and what may happen this summer. Nickel is high on the list of Battery metals along with Cobalt and Copper
Disko could be a find that takes Bluejay up and beyond current share targets.

We know there is a working Sulphide system from last years fieldwork- more positive
news from this year will only help - perhaps we can see what is planned.

Also, how we are going to go about analysing what appear to be astonishingly high grades for the sands there.
Summer season almost here hopefully in Greenland, it certainly isn’t anywhere here!

R.

[moreminer] 05/6/2018 09:07

Morning Rampair!
Indeed, it seems that Northern Europe nicked the sun from Southern Europe!
Hear you are enjoying rains, and more rains!
So you need the 4x4 to go to the shops even!
Odd world.

[rampair] 05/6/2018 08:43

West Russia- how are the steppes today? Here in East Yucatan it’s still raining and we are loading the animals 2x2.

[moreminer] 04/6/2018 09:52

Macca,

Many thanks for the invite.
Due to the fact that I am based in Hollandshire (some say South Denmark) and my agenda is rather full at the moment, I have to decline.

I trust this is not yet the pirate party to come and that 8 June you will share your findings on this board.