Bluejay Mining Share Discussion Threads

[thebigchap] 12/12/2018 08:28

really starting to move now. surely this is in anticipation of some big news

[mirabeau] 12/12/2018 08:19

The buying here is now above ask and in size...stonking

[midasstingray] 11/12/2018 22:58

In case anyone forgot;

Bluejay Mining* (JAY LN) Dundas project update

STRONG BUY - included in MSCI index

Target Price 45p

Bluejay Mining report the completion of the three-year Environmental Impact Assessment at Dundas in Greenland.
The Social Impact Assessment is also due for completion in January with support expected from the relevant local community.
The long-awaited Pre-Feasibility Study is being optimised and is reported to be on-track for the first quarter next year.
We suspect the PFS will be able to include an upgraded JORC resource utilising drilling and other assay results from this year’s summer work program.

Management will lodge the application for an Exploitation (Mining) license shortly after.
Work in and around the Iterlak Delta has the potential to SIGNIFICANTLY RAISE THE SCALE AND GRADE of the overall resource adding further to the potential value of the project.
Our site visit to the Dundas’ project indicated to us that logistical and engineering issues are, in our view, offset by the project’s location on a deep fjord and the RELATIVE EASE OF IT'S MINING.
The work done at site in the past two field seasons coupled with the mining, sorting and exporting of bulk samples to offtakers demonstrates Bluejay’s ability to work effectively in this location.
We look forward to FURTHER NEWSFLOW BEFORE CHRISTMAS.

Ilmenite prices in China have recovered to US$184/t from US$171.5/t at the beginning of August as predicted with ilmenite processing companies recovering production lost through furnaces problems.
Conclusion: We expect further news from Bluejay on grades and the scale of the ilmenite resource at Dundas. Dundas looks to be the WORLD'S HIGHEST GRADE and also possibly the world’s most consistent resource from a mineralogical perspective. Both attributes are positive from a value and offtake perspective.

*The share price Angel mining analyst has visited the Dundas,

[rampair] 11/12/2018 12:58

Agreed citytilidie, theres certainly an undercurrent of action going on, it makes you wonder what really are the intentions here. Clearly I personally hope that if an offer comes in - another interested party says “ yes please”, after all, we here at jay have done the long slog to get here.
I am keen to see what any figures are for the itelak beach assays.
Best,
R.

[citytilidie] 11/12/2018 12:12

The way I presently see it is that anyone who wants to make an offer for Bluejay only needs to wait for the exploitation licence to ensure that the mine is viable and ok to mine for many many years to come. Hopefully they will be queueing up come Spring/early Summer.

[mirabeau] 11/12/2018 11:54

It's no problem fella..cheers

[thebigchap] 11/12/2018 11:47

i apologise for maybe being a little short with you earlier Mirabeau. appretiate you taking the time to explain the logic behind your earlier post. and thanks also snowflake.

[mirabeau] 11/12/2018 11:38

my pleasure - hope it helps

[bigboyblue] 11/12/2018 11:37

Mirabeau (and Snowy) that helps a lot. Thank you for going to the trouble

[mirabeau] 11/12/2018 11:37

All the market makers (MM's) are sat on the offer prices 13.85P or above with order size of 50k each...

For bidding the MM's are 12.60p and below..so MM's not stepping up to buy at bid - we have a DMA doing the bidding - and he ain't finished yet....

A DMA trader's now just put 50k sell order at 13.40p

L2 at touch is now

2 v 2 (2 orders either side ) totalling 98k v 65k

enuff from me and apologies for monopolising the thread

[snowyflake] 11/12/2018 11:26

It is to do with the order book; buys and sells which are on the book. In my lingo offers to buy at different prices and vice versa.

In English, Mirabeau is saying not many on offer to sell, buys will move the price north and as I read it there is a sell or buy on the order book at 16.6p

I will be quiet now!!

[bigboyblue] 11/12/2018 10:54

Me too tbc because (like you I suspect) I'm a smallish PI, not a professional trader. If Mirabeau has the patience to explain to us simple folks I'm willing to learn!

[mirabeau] 11/12/2018 10:04

Bought a few before close last night.

L2 -

2 v 1 (74k v 10k) -

depth

471k v 550k (120k at 16.6p)

-

a thin offer therefore any decent buying (or corporate news) and this should move some

[snowyflake] 10/12/2018 17:16

In my opinion all monts is stating is that some are managing to buy shares at a lower level when in fact the shares could be worth so much more. i.e. some are taking advantage as they are entitled to do at the lower end.

[bigboyblue] 10/12/2018 16:38

True, especially when compared to the likes of people like me who continued buying all the way up to 25p. But there's a limit to how big this stake is likely to grow when you consider how many shares are owned by directors and their associates and institutions who show no sign of selling. Anyway, they're not having any of mine.

[monts12] 10/12/2018 15:40

The company's being bought up for peanuts...

[shutittrev] 10/12/2018 15:02

Latest Spangel note.
Much obliged.


Bluejay Mining* (JAY LN) 11.9p, Mkt Cap £101m – HSBC Holdings PLC client goes over 8% stake STRONG BUY - included in MSCI index Target Price 45p

• HSBC Holdings PLC which most probably acts as a cover for a major corporation or investor has raised its stake in Bluejay Mining PLC.

• The company has not been able to identify the ultimate owner of the shares which first disclosed a notifiable holding on 20th March this year.

• We speculate that the potential owner could be an ilmenite processing company such as: o Tronox which is acquiring Cristal in the US, o Eramet (EU) o A Chinese processor

• A mining company: o Rio Tinto – which has the QIT ilmenite processing operations in Canada o Iluka Resources – a major ilmenite producer listed in Australia which has been corporately active in recent years buying Sierra Rutile for A$375m (£215m) o Kronos Worldwide Inc

• A mining engineering, or dredging company.

• An investor with expertise in the minerals sands space

• Ilmenite prices have risen to US$186/t from a low of around US$171/t in August. Ilmenite prices recorded a year high of US$216/t in April this year but fell back as ilmenite processors struggled with furnace fires and other outages. The resulting restriction in processor capacity is said to have tightened stock levels for pigment consumers indicating that ilmenite prices should continue to rise as processing capacity returns to higher levels.

• Ongoing economic growth in the US and China as well as elsewhere is also expected to drive end-user demand growth for pigments for paints and printing where titanium (ilmenite) is used to whiten pain and create opacity. Conclusion: The continued acquisition of shares in Bluejay Mining in uncertain markets indicates the investor has a strategy to build a significant stake in the company. Bluejay will incorporate an expected resource increase into its new feasibility study adding both tonnes and probably grade to the modelling. We are looking for the Iterlak Delta area to offer a significant sweetener in terms of grade to the project and to potentially add significant additional value. *The share price Angel mining analyst has visited the Dundas, Itelak ilmenite sands project in Greenland. *SP Angel act as nomad and broker to BlueJay Mining.

[snowyflake] 10/12/2018 12:51

Yes city, just looked in and seen the header. Funny that the debate reopened this morning as to who HSBC were holding for.

[citytilidie] 10/12/2018 12:49

Unknown investor taking a stake in Bluejay. Good to see and positive news all round

[rampair] 10/12/2018 07:49

Unfortunately don’t know bbb however I’m sure something afoot judging by the activity

[bigboyblue] 10/12/2018 07:33

Does anyone know whether this is an investment arm of HSBC, or is it some sort of clients' account?

[thebigchap] 10/12/2018 07:29

sorry was listed twice on investigate this morning but was a duplicate listing