Bluejay Mining Share Discussion Threads

[itscominghome] 07/8/2018 08:33

LOL - wait for the real selling to start once the margin calls kick in. This stock has rallied from 5p to 23p for NO REASON WHATSOVER - and its going back there. Will look to close my bear at 5p - good luck holders fear u may need it.

[25wbh] 07/8/2018 08:31

My thoughts also Rampair

[bgnhlr] 07/8/2018 08:27

You and me both mate, you’d see a huge profit as significant jumps no doubt ahead

[junk] 07/8/2018 08:27

Also filled my boots now lets wait for the news....

[rampair] 07/8/2018 08:26

Gersemi, the company issued an RNS late May stating it wasn’t raising cash! Everything paid for, and they had £15m left from the placing last year.
It’s silly to suggest, but you may have another reason?

[perfect choice] 07/8/2018 08:25

Well short attack or not or even placing risk (not logical on current funding but never know), I've topped up to take advantage, shown as a sell on ADVFN as price jumping around quite a bit or I was lucky since just bought below current sell price.

[alibx11] 07/8/2018 08:23

Don't know what's caused this but i'm sitting here wishing I had spare cash in my account.... I'd be buying more...

[alibx11] 07/8/2018 08:16

Long time since I've seen this sort of activity in trades.... think there's a lot of stop losses being hit, definately a concerted push down with the consistant at sells.

Sitting at a significant loss here.... but I'm a stubborn fool... you ain't getting mine cheap.

[control1] 07/8/2018 08:14

Major attack underway, hopefully we get a V shaped recovery

[thebigchap] 07/8/2018 08:05

this is really unnerving guys major drop today!

[gersemi] 07/8/2018 08:04

The Hannam effect now in progress

I bet there's a placing

Should have sold when I had the chance

[rampair] 07/8/2018 00:59

Certainly it would be convenient to deliver to Quebec as I pointed to the other day, however, this is a big market and growing ( possibly why these furnaces are causing issues?)

One thing that could be of some help - Rio will rebuild, imagine if it was next year
and we had a ship full of Ilmenite yet no where for it to go....

We need to concentrate on getting this mine permitted, EIA, SIA all the usual things instead of what we do in five years!
This probably is far worse for Alba than Jay in terms of getting a mine permit.
We have been working at this licence area for a number of years, not just starting to drill a few holes.

JAY had £15m in the bank to go about this at the last published account. That’s more than enough, this year is covered already.

We are still going to Survey Disko using ultra cutting edge remote sensing tech,

For the Dundas Feasability study there’s a spot market developing in Asia for Ilmenite so pricing can be used from this and industry wide pricing is now far easier than it was to get hold of.
This will help that study.

One other point to ponder, What if another party was interested in removing Dundas from the hands of Bluejay? If another of the massive players in the industry decided that an ultra high grade source of easily accessed sand was better off in their hands rather than handing a competitive advantage to their big rival?

What if they wanted to step in and get involved with Dundas?

Maybe we just stick to getting permits in order and let the rest sort itself out,
that would certainly cheer this shareholder after all,
it’s got to be done first.

Newsflow should certainly help in this regard and I hope the company will start to build this up.

Just an opinion!
R.

[adamstip] 07/8/2018 00:05

Well at least we know it's Richie666 and his cronies who have been shorting the Jay over the last month or so, we know what happened to him last year and I am confident the same is going to happen again. I hope his followers start closing their positions before he does, hopefully Jay bulls can take advantage of Richie's note today and top up.

[snowyflake] 06/8/2018 22:26

rambo - it is for Rod McIllree to advise the market of how Bluejay is progressing and deal with your questions as he wishes and when he wishes.

I can however advise you that Bluejay held the Thule licence that Alba now has.

Having taken and tested samples and for other reasons such as accessability, environmental concerns at Booth Sund and other factors Blujay discarded the licence. I remind you that Rod McIllree is a geologist who has spent 13 years in Greenland. He has a good relationship with the authorities. The exec chairman of Alba is not a geologist and I even wonder whether he has visited Greenland.

The company has a bit of a history with Richard Jenkins who is reputed to have shorted the stock in 2016 when advising those who read his blog and also plastering his view that the stock was not worth the market price. He was wrong. I have little time for his opinions.

I first bought at 5 pence; I added in the December 2016 placing at 7 pence; I have further added at higher prices. There have been consultations ref the SIA and EIA; that were few local enquiries which have been satisfactorily dealt with. I understand that the company is already employing local people.

As you are aware the company raised #17 million not long ago;#15 remained at the last information.

As importantly and in addition to the above, Bluejay has other assets, in particular Disko, about which we can expect to hear more in the future.

[rambo5048] 06/8/2018 20:33

PS the board on LSE for JAY is usually quiet and lacks contributions so decided to contribute here

[rambo5048] 06/8/2018 20:32

Hi Snowyflake,

If you haven't seen the align research update today this might have had some pressure on the share price today. 9-12 months ago they did a piece on ALBA vs JAY and the difference in market cap etc etc and this is a continuation of that. They are friendly to Alba I believe but to be fair some of the questions below do need answering by Rod as timeframes have slipped more than once over the last 18months and we need an update on the feasibility study and exploitation license etc.

Just to be clear I'm significantly long JAY and ALBA but believe Rod will pull an offtake out of the bag which will help put a value to the asset in the ground but the sooner the better. Now would be a good time.

I bought more JAY at mid 21p last week as it has been pretty stable above 20 and topped up. Patience is key here I believe and I have not sold any JAY since buying in 2 years ago. Great pics this last week of the kit and the mounds of ilmenite. I believe we can mine 30,000 tonnes a year without an exploitation license as per the current agreement to facilitate the bulk samples so that could be 6*5,000 bulk samples potentially.

Anyway let me know what you think.


BLUE JAY MINING AND 8 SEARCHING QUESTIONS FOR ROD MCILLREE


Why is the Social Impact Assessment taking so long?
Why is the Environmental Impact Assesment similarly taking so long?
How many shares do share price Angel still hold given that they are advocating a Buy stance and mooting takeover talk which is, we believe, very much misplaced given that you still do not have the Exploitation licence?
You had said to numerous parties in early spring that an offtake deal was imminent – why has this not transpired given the supposed grade of the ilmenite?
The Exploitation licence is over a year late from when first flagged re timescales in early 2016, what confidence can investors have that it will be forthcoming this year?
How much of the £15m is now left on the balance sheet and what prospects of a further raise in the next 6-12 months?
Given that the field season is coming to a close in Greenland in the next 8 weeks would you agree any potential cash flows for the company are getting pushed ever further out?
How do you square the valuation of essentially the same product at ALBA with an adjacent licence area relative to your market cap?

[snowyflake] 06/8/2018 20:09

but Barnier and Juncker are.

[jone06] 06/8/2018 19:24

There has been no leak as Boris Johnson and David Davis are no longer stiring the porridge

[snowyflake] 06/8/2018 18:43

Likewise Perfect Choice. Bluejay are busy at Dundas; both at Moriusaq and Iterlak.

I am confident that Rod McIllree will update the market soon.

He has his own skin in the game in the form of 94 million shares and wants the company to succeed. If he succeeds, I and other private investors succeed.

I do not think that Brexit has affected the price at all and I find the suggestion weird.

After all, has it occurred to any reader that whilst every Brexit meeting either at Downing Street or in Europe over this year has been leaked to the press, there has been no leak from the Macron/May meeting.

[graham10k] 06/8/2018 18:36

For me I am still suspicious of the institutions drip feeding the market with the large trades that have been seen over the last few months. I don't know when any changes of holdings have to be notified but it would not surprise me if eventually there is such a notice. We are here again with a blue sky share hyped and "supported" by institutions and speculative broker guesses of value. And as usual management accreditation for being game changers with their offerings. It all may yet come to something but the current silence is unnerving and the sell off even more so. Think about it, we need a 25% rise to recover recent high and a 50% rise to get a material gain. Don't hold your breath.

[perfect choice] 06/8/2018 18:21

Well I hear brexit gets blamed for everything but this is a new one. FTSE slightly up today and a good recovery last Fridays. Don't think there is suddenly a sell off specific to JAY with operations in Greenland, while other stocks are not showing the same trend.

Would agree though there are definitely some sellers, the price is down after all!

I'm still stock building at the moment as not an early stage investor here. But taking advantage of these drops as expecting JAY value to appear, but it certainly needs better reporting of progress(which I do expect) plus an off-take agreement. August can be a dead month for stocks but I find can also be a good month to buy "value enhancing" stocks for autumn growth and onwards.

[control1] 06/8/2018 18:02

The Rio news is major negative for them, but JAY need to be in a position to monetize it.. IMHO, it is not a drift, my monitor is a blood bath and it's people reducing exposure now that the real impact of Brexit is dawning on some...

[summerfield1] 06/8/2018 17:10

This is more than “drift”!
The Rio news is a major negative but Jay is being ponderous with its newsflow.It has not kept pace with its timetable set out early in the year. I accept there is much going on but keep the market informed. Also time to appoint a new broker.