Bluejay Mining Share Discussion Threads

[squiresquire] 18/10/2019 13:37

Bigboy

OK Done.

[bigboyblue] 18/10/2019 13:22

I've mentioned a couple of times that Greenland's new mineral strategy is overdue. Having chased it with the Minister for Mining I have been told that it will be published for consultation this afternoon on this link

That will be fine if you speak Greenlandic or Danish, but you will have to wait until next week for the English version. I doubt if it will affect Dundas at this late stage, but it will be relevant in the future for Disko.

Squiresquire, if you are still looking after the header here, the new doc should replace the 2014-18 strategy

[xclusive2] 18/10/2019 11:11

Slowly, slowly, maybe 10p soon to be paid .

[cpap man] 18/10/2019 10:05

Full ask now @ both JAY & KAV for that 100k - Next ones higher?

[xclusive2] 18/10/2019 07:05

Morning Snowy,

Was with the sturgeon assesing the knees. Rushed home as the old trout hadduck in the oven and a cool pint of bass in the cooler. A brill evening it was and slept like a kipper.

Will be interesting to see how we trade today and whether there's appetite for double figures. Hopefully not a load of codswallop?

[kemismelt] 18/10/2019 03:38

The market has suddenly showed signs of support at 9.93p during the trading session on Thursday, as the 8.6p level a week ago seems to cause a reaction. This was previous resistance, so now that it is supported, it suggests that there is a certain amount of “market memory” attached here. This is good as we wait for more positive news to kick in especially on the ilmenite front from RTIT where our exposures are larger!

[rampair] 17/10/2019 23:53

I think there’s a fair bit of Greenland Halibut - seems to be the main species!

In seriousness, all sorts of people are getting in to Greenland- The Eastern side of the Country has seen a massive growth in licensing above Jameson land. A West Australian company crowdfunded a series of base metal licences. I just hope it doesn’t get in the way of processing existing applications.

Good to know we were early!

R.

[snowyflake] 17/10/2019 20:37

I did not know that there were fishing rights up there xclusive.

[xclusive2] 17/10/2019 19:29

Apologies Snowy. I should have said that you alluded to RM"s allusion, hopefully not an illusion !Yep, Greenland not going to get far with the Tourism and Fishing and they are definitely open for business.What do you think of Marr family taking acreage ?

[snowyflake] 17/10/2019 18:39

xclusive2 - I refer to your post 6887. It is the ceo who referred to European agencies' funding in the RNS dated 27th June and the recent RNS regarding Disko plus earlier comment about that prospect that I am relying on.

Some doubt the commitment by the Greenland authorities to allow mining development of the country's mineral resources but then why should they say that they are open for business if they are in all reality not. I cannot see licence fees sufficient to supplement fishing and tourism; it is royalty income and taxes which would really help the people.

And then I say to myself would the authorities just wait for the likes of BHP, Rio and Anglo American to do deals direct or would they prefer for someone like McIllree, through Bluejay which holds licences, who has worked in the country for almost 15 years and has empathy for the people, land fauna and flora to act as the buffer between a FTSE 100 company and the country i.e. through a JV or farm out?

What I am really pleased about is that the continual promised timelines about when X was to happen e.g. a Dundas off take seem to have ceased. All the off take promises failed which in itself gave fodder to the bloggers and bombed the share price.

So we have a more professional approach backed by the appointment of Danes with considerable expertise to manage the way forward.

[xclusive2] 17/10/2019 17:12

Great biz for the MM'S 9.51 -9.93p and being paid more to the point !

[perfect choice] 17/10/2019 13:00

Certainly a slow but steady creep up stage right now, we've seemed to have broken away from 9p in past few days even though past 2 days trading figures haven't shown anything significant. Wonder if buy order in background which we will not see yet. Next stage 10p and if we can break out above that?

Update: closes 9.94/9.51, moving up a little more faster than a "slow creep up" I would say. Keep going then and break 10p offer price tomorrow!

[xclusive2] 17/10/2019 12:46

I've been seeing that for a while, bid slowly movin on up, believe there's a song about that ?As Snowy was alluding to the other day, the focus is definitely on Disko and maybe some funding coming our way ?Much that I see the odd rollover, hoping that much of the investment in now is not the leveraged kind, bodes well for the next good news update ?

[seejayem] 17/10/2019 12:39

Anybody else feel a resistance to sellers and a break through 10p on the cards soon?

[cpap man] 16/10/2019 17:06

Skiboy1016 Oct '19 - 16:17 - 936 of 939

Holding RNS out @ KAV

Skiboy1016 Oct '19 - 16:21 - 937 of 939

Peter Anderton has added approx 1M share to hold 9%

D22016 Oct '19 - 16:24 - 938 of 939

I don't know who Peter Anderton is but he has a very nice shareholding and is obviously confidant that we are undervalued here!

Skiboy1016 Oct '19 - 16:30 - 939 of 939

Peter Anderton is one of the Riversdale Mining guys that were listed on the ASX and taken over by Rio for $4 billion in 2011.

[longrod] 16/10/2019 16:56

RTIT v the 1 year prelim economic assessment of kemismelt.....

Hmmmmmm.

😂😂😂

[kemismelt] 16/10/2019 16:25

Perfect Choice 16Oct19 - 6882:

kemismelt cannot bring 115ktpa of 46.5%TiO2 LON:JAY ilmenite (with more iron in it) across the Atlantic, Mediterranean Sea and Arabian Sea to any West Coast of India location when its PIS on supplies from relatively nearby LON:KMR shows a freight spend of 6.3 million US$/year across the Arabian Sea @~US$75/MT. The one year PIS on locating the kemismelt smelter at Sisimiut in Qeqaata kommunia in Midwest Greenland indicated better sense but LON:JAY is gung-ho on RTIT and talking with it was terminated end SEP19.

[perfect choice] 16/10/2019 09:16

And if West Coast India is so compelling why hasn't this individual submitted this to JAY as a potential purchaser of Dundas's Ilmenite. Or is this operation one of the potential other partners JAY are planning to send samples of concentrate to from what has been shipped to Canada, as only 50% is going to RTIT? Point is why use a free BB to even raise this, PIs will not have any influence at all on commercial negotiations following that sampling, or even who it goes to, so talk to JAY!

[rampair] 16/10/2019 08:50

It is all separated - thats why its called Dundas Titanium. Disko Exploration is a separate entity Bluejay is the Holding company.
RIO dont separate every operation - if you look at most mining companies they are structured similarly.
As for overheads i think Mr Mcillree does remarkably well.
R.

[kemismelt] 15/10/2019 22:01

monts12 14Oct19 - 6874:

kemismelt shifted its PIS to the SISIMIUT location as LON:JAY's ilmenite was only 600km up north and the haulage in 2kt-coastal barges was only US$2O/MT, even in ice infested waters. Ilmenite is relatively heavy cargo and shipping ilmenite from LON:KMR (at Moma) to west-coast of India across the Arabian Sea was ~US$75/MT a neat saving of US$55x115x1000=6.3 million US$/year. Money saved is money earned!

"Target price: 21.3p is based on our production assumption of 440,000tpa of ilmenite concentrate and an ilmenite price of $207/t based on Bloomberg’s Chinese TiO2 50% ilmenite Fe 30% ilmenite price". SP-Angel is silent on whether US$207/MT is f.o.b. LON:JAY's loading ramp at Moriusaq. c.i.f. prices to markets in China / South Korea / Central Europe will eat into the realised value of LON:JAY's exports.

Honestly, it would be better for LON:JAY to bring all ilmenite business under a separate division with lesser over-heads.

[xclusive2] 15/10/2019 16:42

I can't answer that one but I believe he's a shrewd investor. Maybe got interested after seeing our Donald's PR campaign on Greenland or maybe he supplies fish to Donald's restaurants (-;

[perfect choice] 15/10/2019 14:57

Strange to see his name against an operation with an exploration licence in Greenland then, which just happens to be right next to JAYs Disko project!

[xclusive2] 15/10/2019 13:54

To add, Sebastian Marr runs one of the largest fishing enterprises in UK (Yorkshire based) and £500m turnover, not shabby, into all things marine by the looks of things.

[xclusive2] 15/10/2019 11:47

Nice find PC,

Interesting, dormant company incorporated in Aug 2018. All will be revealed at some point 😉

[perfect choice] 15/10/2019 11:27

Unless I've missed this before, it does look like we have a new neighbour at Disko,
in the form of Challenge Holdings Limited with a Mineral Exploration Licence on top of Anglo American's holdings around Disko. They have 2 land areas under that licence which only just started on the 25th September and if you use the map link below, Disko area is now looking very busy with MELs!

Cannot find out much about that company, Companies House shows they are a non-trading company set up in 2018 and with one Director - Sebastion Andrew Marr. Perhaps a front to somebody else for the MEL or irrelevant?

Challenge MEL:
hxxps://portal.govmin.gl/license/7594

Map:
hxxps://portal.govmin.gl/map