Bluejay Mining Share Discussion Threads

[thebigchap] 17/8/2018 18:28

why do you suggest this toyin?

[toyin] 17/8/2018 18:14

I suggest you all listen to Shareprophets Bearcast today. Read arrow away, it's up to you.

[perfect choice] 17/8/2018 17:06

Thought the "value the market" article posted earlier today was highlighting use of naked shorts on aim monts as it quoted this. My error if wrong as not an expert on this.

[monts12] 17/8/2018 16:46

Perf
not possible to do that on an AIM stock afaik

[alibx11] 17/8/2018 16:46

Personnaly, and this is only my amateur opinion is that given there has been very little volume of the past number of weeks the MM's have injected a few well timed sales into the mix to drive the price lower and trip some stop losses and fill buys for Insts.... as per the RNS this morning, suspected this a few days ago and the timed trades at 11am these past 2 days don't point to a casual large seller.

Besides i don't think a large seller would be too amused at the MM's for dumping a load of shares on the market and depressing the price for their asset until it's sold.

But what do I know....

[perfect choice] 17/8/2018 16:45

Monts have a read up on naked shorting. Don't need shares to open short basically.

[monts12] 17/8/2018 16:19

Seems to me like a large seller has been active for most of this week. Does not appear to be done. Price should move back up once seller is done. The over-leveraged punters and spivs spouting rubbish have not helped. Not sure of the short attack theory, it's hard to borrow any meaningful volume of this stock and in any case there would be potentially unlimited losses for shorters should positive news be released by the company (and that could be at any time, according to the house broker).
imo

[rampair] 17/8/2018 15:15

Ok, we have a problem. The Chinese market has been fed by cheap Ilmenite. This was low quality Ilmenite that needed a lot of sulphuric acid to separate from the iron content. This came over from cheaper iron ore bought on the spot market.

So, they close furnaces in China, it's starting hard now because Winter is coming
(Very GOTH!) but seriously it’s causing a rising price in TiO2 because the Ilmenite
FeTiO3 is not being pushed through Chinese furnaces, we in the West allowed them to process a lot while our furnaces got lightly maintained.

This caused the top to blow off in Finland , Richards bay in South Africa got pushed
with loads of problems they then declare Force Majeure.

Our problem is Sorel - Tracy, it’s a big plant , the Mine has run well for 65 years but in spring a disaster, a Furnace out, worker killed, Cn$43,Mn repair, it’s situated near Quebec, that mine that supplies the Ilmenite is at our end of the St Lawrence seaway - we at Moriusaq have perfect ore for this plant, excellent quality.
The problem, right this minute is that they have two furnaces being upgraded to high quality, We have the Ilmenite for it, they just declared Force Majeure a couple of months back. I hope that our Ilmenite is licenced and the problem at Rio is sorted as quickly as it was in April, who knows who our offtake could be? North America has big buyers too, as does China, it’s a temporary situation but we must not lose sight of our licences. Plus Years of work. Ongoing.

Dundas.- doh!

Disko.Ni/Cu/C/PGM

Kangerluarsuq Pb/Zn

[ducati2345] 17/8/2018 15:13

Had to buy some at this price even if they drop bit more they will go up, worth min 20 all day long and probably 40 in longer term

[ayesha4] 17/8/2018 14:55

Align Research?Two bit 'outfit' based above a laundromat in Bradford.

[xclusive2] 17/8/2018 14:55

Good to see some interest into the close and hopefully not a rinse and repeat cycle but that will become evident with a few more days trading. It would be nice for a large buyer to force some short panicking, you can but hope.

[xclusive2] 17/8/2018 14:35

If this doesn't bounce into the close then i can some more misery next week unless the company counter with some commentary that reverses the trend OR an Inst loads up OR Directors buy. I was hoping for a rapid recovery, let's see if we get any short closing before the bell rings.

[bgnhlr] 17/8/2018 14:21

Can we not report these underhand tactics?

[bgnhlr] 17/8/2018 14:20

Thanks davroc

[davroc] 17/8/2018 14:00

BgnhirHe is responsible for Shareprophets website. Take a look.

[bgnhlr] 17/8/2018 13:26

Who is TW our of curiosity?

[bdog51] 17/8/2018 13:03

Agree that it's clearly an organised shorting attack, usual lies and manipulation. Shocking that this can happen unhindered by the authorities. This shocking manipulation of the share price should be made illegal.

They still have to buy back their borrowed shares at some point. Ride the wave, buy or hold. It's happened before and the share price fully recovered before. I'm holding firm and added more this morning.

[alibx11] 17/8/2018 12:58

They're being hit at 11am each morning, so to me looks like a targeted and purposeful attack rather than investors selling through boredom or no news... Look at the detailed charts last few days...

[itscominghome] 17/8/2018 12:38

You can’t keep blaming Winnyworth or Align. If they were wrong they wouldn’t be falling 15/20% a day with no bounce.

[monts12] 17/8/2018 12:30

Bluejay Mining* (JAY LN) 14.8p, Mkt Cap £125m – Ilmenite prices rise as impact of China Green Shield environmental policies cut supply

STRONG BUY - included in MSCI index

Target Price 45p

Ilmenite prices for titanium dioxide feedstock rise in China as move to higher-grade and cleaner iron ores cuts out production from titanomagnetite and other feedstocks.
Producers in China continue to be affected by renewed environmental inspection shutdowns by local authorities.
Demand for ilmenite from the Chinese pigment industry also continues to be volatile, caused by the impact of periodic environmental inspections on both domestic ilmenite producers and pigment producers.
Imports of ilmenite to China from Vietnam and India should also continue to be restrained due to political factors and lower market prices according to Base Titanium.
We understand from an independent industry source that a significant rise in demand has led to the restart a number of previously idled but refurbished ilmenite furnaces, some of which have since suffered catastrophic ‘Force Majeure’ failures.
Eg kiln problems in Q1 at TTI followed a furnace fire in 2016 while Rio’s Richards Bay Minerals and Sorel in Canada both also had problems.
Ilmenite prices have risen this week to an equivalent of US$178/t in China from a recent low around US$172/t caused by an excess of concentrates in the market depressing prices since May.
The knock-on effect has been to cause the drawdown of stocks at pigment and other processors in a market of rising end-user demand.
Pigment producers are likely to look to restock where possible to protect against further kiln and other failures.
The situation is likely to raise demand and premiums for high-grade, clean ilmenite feedstock particularly with the restart of Cristal’s (Tronox) new 500ktpa TiO2 Jazan furnaces at the end of the year.
Conclusion: There would appear to be significant demand and room for a new high-grade, ilmenite producer with relatively clean concentrates. We look forward to further news on Bluejay’s discussions with ilmenite offtakers and potential financing that often comes with these sorts of offtake supply contracts.

*An share price Angel mining analyst has visited the Dundas (formerly Pituffik) ilmenite sands project in Greenland.

*SP Angel act as nomad and broker to BlueJay Mining.

[buoycat] 17/8/2018 12:09

You have to remember that the shares are only valued at what people are prepared to pay at the moment. The fundamentals say zero. Everything is about hope. I bought these at 12p when they were finnaust and saw the price drop to 1p and then soar to a market cap in excess of £200m. The hope is that it all works out and we are looking at a £1billion+ company. But there are plenty of hurdles along the way. Best to take a long term view.

[xclusive2] 17/8/2018 11:52

Snowyflake,

You can say that this a short attack but i believe more to it and the leveraged PI will take a kicking. Was 12.7p the bottom yesterday ? i think we may revisit it and it will need to bounce, otherwise this could be painful. You believe the fundamentals so surely this is the buy of the century @ 50% discount and those Insti's must be climbing over themselves to take advantage. Those with deep pockets and those not invested yet have a real opportunity here.

Smarty

[alamaison5] 17/8/2018 11:47

RNS: NOTIFICATION OF MAJOR DIS(lol)INTEREST IN SHARES.
So overvalued his shi...

[snowyflake] 17/8/2018 11:35

monts worth thinking why TW lives abroad out of the jurisdiction.