Bluejay Mining Share Discussion Threads

[will02p] 11/10/2018 09:17

Thanks Andy...remains to be seen..glah

[andy] 11/10/2018 09:13

willo,

The market cap is £80 million, so an EV of £70 million, which still looks a bit rich to me, so I for one am not sure this is the bottom.


The mining sector is on a big downer currently, raising money in the current environment is a huge challenge.

[will02p] 11/10/2018 08:40

Now at an all time low...surely now is the base for recovery??

[moreminer] 11/10/2018 08:24

Adam,

yes indeed. This could possibly turn out to be quite profitable!
MM

[adamstip] 10/10/2018 20:13

It's interesting to study kenmare resources H1 results for 2018 purely for one reason the amount of revenue they received for their 450000 tonnes of ilmenite shipped. It's a $102 million. Now if I'm correct all being well and the offtake happens isn't that the same tonnage bluejay are aiming for when it's up and running.

[bigboyblue] 10/10/2018 19:27

Yes, this is the site that includes the Minex journal. There's quite a lot of info on the site although, like the main Greenland Govt site, it's not updated very regularly. I guess out of a population of only 60,000 they can't justify employing too many on updating the Government website.

[jackhenleo] 10/10/2018 17:46

Found this info posted on FB today.
Bluejay Mining

hxxps://govmin.gl/en/

[thebigchap] 09/10/2018 19:43

great find bbb well appreciated my man! much needed uplift during these down weeks!

[moreminer] 09/10/2018 18:29

BBB, many thanks, so all lights are green or so it seems.

[shutittrev] 09/10/2018 18:07

Good work bbb.

[bigboyblue] 09/10/2018 17:52

As promised, this is Minex, an annual newsletter produced by the Greenland Government for the mining industry. It includes a pretty bullish update on Dundas and a reminder, as if we need it, that Bluejay is their Prospector and Developer of the year. "Bluejay was chosen as they significantly advanced their
project in 2017 with a speed that has not been seen in Greenland before." Perhaps in view of that we shouldn't be too impatient with Rod and the team.

Note the rather subdued little paragraph on Alba's Thule, a project which some people have sought to compare with ours.

I also note that Erik Jensen (front cover) now appears to be minister for mining , a change in the last few days, presumably since the new coalition Government was formed. He is from the Siumut party, the same as the PM and the largest party in the Parliament

[will02p] 09/10/2018 15:17

This share price is not being allowed to rise....for now

[rampair] 09/10/2018 12:03

Surprisingly! - have kept up with this and its wider implications, i think EU
& Americas are aware of the hold China has in Africa & they would be foolish to allow Chinese influence to pervade Greenland- already Russian military bases are being built on remote Arctic islands. The last thing needed would be
a complete domination of “The Northern Route” by former cold war adversaries.
Simply on Economic grounds , not Anti Chinese or Russian. It doesn’t make sense.
It would be lovely if the World “ Got along” but thats not always the case.

[bigboyblue] 09/10/2018 10:51

Big picture stuff here for anyone with enough time and interest to read it. This article gives a good explanation of current political tensions in Greenland. It was dated 7th Sept and things have moved on since then, with Greenland accepting Danish help with funding. Clearly, influence/control over a strategic asset like Greenland's airports is very important, but you could say control of mineral resources is not that far behind. If there is serious interest from the Chinese in Dundas, it certainly wouldn't harm us. This is what John Meyer was referring to when he mentioned the possibility of Rio (or some other western company) being 'given a nudge' if that happens.

[xclusive2] 08/10/2018 16:22

Rampair,

FWIW, not much presently but let's wind the clock forward 6 months and we should see a far rosier picture and considerable value creation.

[rampair] 08/10/2018 15:51

I agree xclusive2 fwiw, this is a decent risk:Reward balance
In my opinion at present.

R.

[xclusive2] 08/10/2018 12:47

Snowyflake,

It's in the recovery fund for a reason and much that there are plenty of failures, there are winners and hoping that JAY is one of them.

I have added stock at this level as i believe that this is the bottom after recent high volume trading. The large % of leverage has been removed but i'd like to see the current CFD position.

If the insti's aren't dumping and it seems they're doing the reverse, then this will trend back north as i don't see short community getting much more traction here. How long and how quickly ? depends on newsflow hence i believe any movement will be minimal. Get as many as you can and tuck them away.

[25wbh] 08/10/2018 12:17

Things looking OK here Snowyflake, the company looks to be building solid foundations
Rome wasn't built in a day

[snowyflake] 08/10/2018 12:02

Good of you to raise M & G (Prudential). It is worth bearing in mind that M & G had 20% of Sierra Rutile, a stock which I have mentioned before and one in which I had a reasonable holding. Tom Dobell thus knows the "territory".

[xclusive2] 08/10/2018 09:35

Good to see that HSBC adding and not dumping. Also good to see directors adding, a token gesture but significant as dispels any fundraising rumours.

JAY sits in the Recovery Fund in M&G run by Tom Dobell. A £6bn fund that historically has outperformed the market but as the name suggests, not without its risks. I'm advised that they're not selling and recent share price collapse is purely down to operational delays, no off-take deals and no licence.

Quite simply, the share price got ahead of itself and the rest is history. I don't see any immediate news to push the share price rapidly north so i guess it will range trade until Q1 whereby more speculation re imminent news will force some momentum.

The only risk as i see it is the delays to attaining the exploitation licence, that and additional funding requirements if delays continue.

A very good buy at this level but not without risk.

[will02p] 08/10/2018 09:02

No problem...

[moreminer] 08/10/2018 08:53

Will, that is quite a chop down!!!! Thanks