Bluejay Mining Share Discussion Threads

[snowyflake] 16/8/2018 21:01

graham10K - correction. I have never said that I believe that institutions have been selling. There has been a concerted short attack which has led to margin calls upon some high leveraged holders. Some have had to sell thus depressing the share price as that process took hold. I am fortunate in that I own my stock. Thus although it has not been nice to see the value of my portfolio decline I am confident that the value of my Bluejay will recover; time will tell.

You pose the question as to what was the world of ilmenite like before Bluejay came on the scene.

I believe that I can help you. It lies in the fact that the Dundas ilmenite sands are probably the purest in the world; they have less impurities in them and they are homogeneous - especially important given the widespread area which contain the resource. This is important since the furnaces which "cook" the ilmenite in the making of product burn at a very high rate; so much so that some furnaces are prone to break down.

The risk of breakdown is reduced by processors using higher grade sands. That is why the likes of myself expect the big boys, as you put them, to want Bluejay's ilmenite.

[graham10k] 16/8/2018 20:34

As with snowflake I believe the insti's have been selling and I have said so a couple of times recently. Another website allegedly close to the company has commented that the insti's are holding firm but we'll see' I will be surprised if that's the case. Either way I expect a brief recovery after these shenanigans but what is really needed is something from the company or nomad and so far the silence is deafening. What really nags me is what was the world situation re. Ilmenite before Jay came on the scene? Was there a shortage of paint or any other product requiring Ilmenite? No. So how was Jay going to fix a problem that wasn't there? Off take agreements won't be dictated by Jay but by the big boys Jay needs to sign up and any agreement will be at the big boys prices otherwise they will stay with current suppliers leaving Jay without a buyer. All stocked up with no buyer! Minnow v shark. All this just a scenario in my head. I think time to maximise profits has passed and a touch of realism has come to pass. Missed the boat again.

[xclusive2] 16/8/2018 20:03

Snowflake,This is a free BB and everybody entitled to their opinion and yep, you can choose to ignore or converse with those who want to contribute. The simple fact is that the share price crashed to12.7p today before rallying into the close. Many people on this BB have been evangelising and ramping it to death whereas others have a more balanced view and could see that maybe the share price had got a little ahead of itself. Was that down to TW and an orchestrated short attack ? Don't know. Was it down to an Insti dumping a load, I suspect so but don't know 100% but hopefully a disclosure will confirm yes or no. Do I see a positive outlook for JAY, yes, that's why I invested heavily today. Hope that helps.

[bdog51] 16/8/2018 19:18

How come TW and Align publish their misguided articles on same day? Coordinated shorting attempt maybe.

[citytilidie] 16/8/2018 19:16

Some very negative comments were made in TW's article, one being that it can take years to obtain the necessary licences. The main thing that comes to my mind is that Bluejay won the best miner award in Greenland last year and it will have been their correct due processes on a number of fronts that won them that prestigious award. Does it really sound to you as though it will take them as long for the licences especially when Denmark probably had their own greedy agenda at the time those smaller mines were applying for them.

[snowyflake] 16/8/2018 19:15

Control1 - please accept my apologies for linking you with exclusive2. Thank you for the clarification.

[snowyflake] 16/8/2018 16:46

I added some at a price which I thought that I would not see again.

Having stated that, I have an immense dislike of how and why matters have been orchestrated by a few people this past few weeks.

[rmart] 16/8/2018 16:36

looks like some big shorts closed at end of day. BLUE tomorrow imo.

[rmart] 16/8/2018 16:08

big blue day coming tomorrow imo.

[redtrend] 16/8/2018 15:32

I did not see that someone had posted the TW article before I posted. Usual TW hatchet job but there is nothing in there to merit share price drop, unless coordinated with a big short as others on here have said.

- Why is his "source" not named? There is nothing in there that is contentious or whistleblowing against a company, so if he truly is an impartial expert on Greenland, it supports TW's case to name him. Otherwise it is just ramblings of TW himself or someone with an agenda aligned with TW.

- Poorly written. The article states following the granting of an exploitation licence, the licensee must submit an environmental assessment (i.e. an EIA). However later it states the Exploitation licence will only be granted when the environmental and social sustainability assessment has been approved. So which is it?!

As for the offtake agreement, what is stated in the article is obvious but dressed up to be negative "news" and then goes on to make false assumptions. Of course an offtake agreement would be caveated and subject to actual production! (i.e. having license in place, ESIA and a producing mine!). This is standard practise and there is nothing to stop Parties executing a legally binding Agreement, which is subject to certain caveats for both sides, that if not fulfilled, then becomes void or subject to termination if a Party so wishes. Separately if JAY decide to go down the route of a letter of intent before everything is in place, which yes is not legally binding, that may be to their benefit as gives more flexibility on meeting timelines without penalty. Even a LOI would be big news and show true intent of Parties.

So I think it gives too much credit to TW that the article caused this decline unless coordinated with big short-selling.

How is ilmenite concentrate prices holding up? It's harder to track than your usual raw materials...

[bgnhlr] 16/8/2018 14:54

I’ll add to this if I may: one can’t base future possibilities on past happenings. Bluejay after all are working in alliance with Greenland towards an intended emancipation from their dependence on the Kingdom of Denmark, much different from the aforementioned historical choices regarding mining activity.

[snowyflake] 16/8/2018 14:40

The last paragraph of the post by PhilParkes (last seen on the Bluejay advfn board was in 2017 when he was arguing with posted graham)as it is worded is misleading.

It is often the case that a commitment in a commercial agreement is conditional upon an event taking place. Thus an off-take agreement, just as any other commercial agreement, may have a provision, which makes delivery of product in the case of minerals dependent on the grant of an exploitation permit.

An exploitation permit itself will have conditions precedent to be fulfilled before it can be granted. As far as I am aware Bluejay are proceeding in an orderly way.

[toyin] 16/8/2018 14:39

Rayrac, your comments re TW are completely false and probably slanderous.

[snowyflake] 16/8/2018 14:17

I am not the originator of the following thought - he/she knows that he/she mentioned it but:

Ian Henderson with his excellent reputation could have asked the company to postpone the announcement of his appointment as a non-exec or even declined the appointment given the current turmoil.

He chose not to. That speaks volumes for the strength of Bluejay, its assets and its management.

[citytilidie] 16/8/2018 14:08

What is there to stop the Exploitation licence being announced at the same time as an offtake agreement.

[thebigchap] 16/8/2018 13:51

I have topped up today at 13.47p. nothing has changed this week from the days when the big players were buying in at 26p we are simply further down the path as laid out then from when the plans were set out. the company don't just release rns news willy nilly saying this and that on a wim. They have stated nothing has changed within the company or its goals to effect the share price. Either believe them and trust in your original reasons for investing and top up. or don't and get out its that simple!

[snowyflake] 16/8/2018 13:06

exclusive2 - big boy blue has commented that he is ignoring those who have suddenly appeared on this Bluejay thread - by looking at your posting history you are one such - you normally lurk on Caspian Sunrise. Your other handle I believe to be Control.

I respond to your post 3870:-

1. There has been a short attack.

2. Bluejay, as Rampair has pointed out, is well funded

3. It is highly unlikely that there will be any problem with permission for an exploitation licence

4. Other - return to the Caspian Sunrise bb smarty pants.