Bluejay Mining Share Discussion Threads

[snowyflake] 20/11/2019 18:15

Financial Times article tomorrow.

I think that we now have a firm floor under the share price.

Looking forward to the maiden Disko drill.

[perfect choice] 20/11/2019 16:08

Strictly it is incorrect as I think from a past statement (when they couldn't drill) they have 6 inches or so of material to extract before they hit the permafrost.

Also recall they were not going to do any more work this year and were looking for a partner to join then (who would?). Not sure if any progress been made on that partner but not actively monitoring what they are doing (or not).

So maybe a bit of tongue in check comment with a bit of gloating to add to the mix!!

[luffness] 20/11/2019 15:45

Still I guess that will give some of the permafrost time to thaw...

[luffness] 20/11/2019 15:44

Thanks for your concern.Lucky you can just stick with Alba so nothing to worry about for 3 or 4 years while they catch up

[shutittrev] 20/11/2019 15:32

JakNife on board!! Ffs.

[kemismelt] 20/11/2019 15:31

With Greenland and Danish government now on the register of LON:JAY with significant share-holdings, it becomes a joint-sector company. I would like to know how Dundas Titanium A/S (a subsidiary where the joint-sector company has significant exposure) rolls out any PLAN-B on the field, assuming RTIT fades away! Putting all the eggs in one basket is not a good strategy.

[citytilidie] 20/11/2019 13:32

What was it JakNife? A massive 100,000 shares or something like that?, and have you bottled it and sold them already.
Why the sudden change of tune?

[seejayem] 20/11/2019 10:15

Buy on rumour, sell on fact.A bit of consolidation then upwards methinks. This looks good now on a 3-6month view!? Very credible backers added to RT. Exploitation license news hopefully end of Jan if RM comments correct from a year ago, he reckoned 4 months from application.GLA

[citytilidie] 20/11/2019 09:44

Agree Perfect Choice. Anyone that buys a short back must think that the share price will go up from this point. Any logical person should theoretically cover the short position and then buy more and open a long position. If they do not think the share price is going to go up, then why buy back the short.

[perfect choice] 20/11/2019 09:35

Well a trader would now go long IMHO! Share prices rarely change in a straight line so professional traders will use the swings and roundabouts to make their money if they get the judgement right of course!

Now if asagi wants to just use shorting to speculate on the market that is up to them and at least asagi has declared the closing of their position, which is fair enough. Just think there are 2 ways to look at this. At the end of the day if you are a regular trader its a risk either way, but that is the market for you.

[longrod] 20/11/2019 09:29

Ohhh Monts. That's not totally fair. O think its solid he came out and told us. Takes character to admit when circumstances change on you and modify your behaviour.

[monts12] 20/11/2019 09:20

Asagi
20 Nov '19 - 09:04 - 6985 of 6985

Nobody cares

[asagi] 20/11/2019 09:04

closed my shorts this morning as the fundraise removes possibility of cash crunch in next 12 months. Will revisit again in another 6 months or so.

Good luck longs.

Asagi (no position)

[perfect choice] 20/11/2019 09:02

Always traders around to take a profit. IMHO JAY is de-risked even further now and 2020 programme now fully funded with route to JV funding for main 2 exploration projects, plus strategic support from the Greenlandic and Danish Government investment funds.

I think I recall that the drilling window for both prospects is all year round (correct?) so once this funding is completed, Disko (subject to government approval) could get going relatively quickly in 2020, while Kangerluarsuk is aimed for summer commencement (from a previous RNS) I believe.

Now back to Dundas, getting closer to RTIT (and others) evaluation test results as not long to Q1 2020!

[shavian] 20/11/2019 08:55

Surprising to see so many selling this morning when the placing and involvement of the Danish and Greenlandic wealth funds have put a firm floor at 10p under the share price of JAY. Looks to me like a solid price at which LTHs can accumulate.

[perfect choice] 20/11/2019 08:22

Other significant factor is that the cost of the maiden drilling at Disko and Kangerluarsuk is covered through this placing, as stated in copied text below. This will deliver the first round of drilling results which IMHO will lead to partner investments to drill and develop these prospects into viable operations. Now this will likely be a 10 year cycle if drill results confirm a viable mine operation but certainly confirms the route forward to both of these prospects becoming viable drill and mine targets with value to JAY. Current valuations of JAY have zero value for both of these so that should change in 2020!


Maiden drilling campaign at Disko in 2020 (subject to Government approval), the Company has already identified targets that could represent Massive Sulphide System through recent and historical work;

Maiden drilling campaign at Kangerluarsuk (subject to Government approval) in 2020;

[snowyflake] 20/11/2019 07:59

Well well pleased. The kudos is Danish and Greenlandic Government investment funds investing. RTIT/Rio will notice. Plus whoever got the other half of the Dundas shipment a couple of months ago. Also gives confidence to Anglo et al ref Disko.

[mirabeau] 20/11/2019 07:14

Greenland and Danish government now on the register. I can't see JAY being refused any licences from now on!.....Both governments must have supreme confidence in Dundas

Very good news for JAY

[perfect choice] 20/11/2019 07:14

So we have a £11.5M fund raise at 10p, virtually at market price as of closing yesterday which is encouraging to see no discount to market price.

£4.0m subscription by the Greenlandic and Danish Government investment funds is also a great confidence booster.

[swiftnick] 20/11/2019 07:08

Transformational.

[xclusive2] 19/11/2019 11:20

And tomorrow is another day K. we live in hope 😊