Bluejay Mining Share Discussion Threads

[kemismelt] 10/12/2019 00:37

jackhenleo 04Dec19-7095:

Were you able to get the link?

First Berlin Equity Research has published a research update on Bluejay Mining plc (ISIN: GB00BFD3VF20). Analyst Simon Scholes reiterated his BUY rating and maintained his GBp 21.80 price target. Abstract:
Bluejay announced yesterday that it has conditionally raised gross proceeds of GBP11.5m through a share issue. We had expected an issue of around this size and welcome the participation of the Greenlandic and Danish investment funds, who have agreed to contribute GBP4m of the total. The involvement of these institutions further strengthens our confidence that the mining license application submitted to the Greenlandic authorities in September for the advanced-stage Dundas Ilmenite Project will be accepted. The proceeds of the issue will be used for continued preparation of Dundas for full development and also for the maiden drilling campaigns in 2020 at the Disko-Nuusuaq nickel-copper-platinum project and the Kangerluarsuk zinc/lead/ silver project (subject to government approval). We maintain our Buy recommendation and price target of GBp21.80. As we pointed out in our initiation coverage note of 24 October, our price target is based solely on the Dundas Ilmenite Project. We have not modelled any value, which could prove considerable, for either the Disko or Kangerluarsuk projects.

Talking of Dundas Titanium A/S alone is GBP4m sufficient for the 450ktpa MSP that Rod thinks of putting up or does LON:JAY need to further dilute our holdings when other projects are waiting to share this money?

[andy] 07/12/2019 10:58

Sgavian,


Interesting article, it's a great idea, especially in the hotter sunnier climates, but quite a way to go down the development route first, IMO.


They need to test for any reaction with the concrete, over a period of time.


Also, when the pollutants are washed off, if by rain, presumably they end up in the sewage system? I wonder of it's geared up for that?


I like the idea a lot though, passive pollution control, very clever.

[shavian] 07/12/2019 10:15

Interesting piece on yet another application for TiO2. This could be massive for Ilmenite diggers and Graphene producers before we are very much older.

Excellent time to be a LTH of both JAY and VRS - my two biggest holdings by far! ;0)

[bigboyblue] 05/12/2019 06:11

John Meyer at around 10 mins 30 secs

[snowyflake] 04/12/2019 19:03

John Meyer on Vox markets argues that given the problems Rio Tinto has through RBM in South Africa how it might encourage RTIT (RIO) to tie up a deal with Bluejay over Dundas. Further with problems that Base Resources is encountering in Madagascar prices of TiO2 feedstocks could increase.

Of course we are still waiting upon the Greenand authorities to deal with the application for the exploitation permit for Dundas. I sometimes ask myself whether they want mining in Greenland.

[jackhenleo] 04/12/2019 14:03

Greenland Conference 2019.

BlueJays scheduled time for presentation is 14:45 to 15:00hrs(is this BST!)

A STRATEGIC LOCATION FOR MINING

Executive Director Bo MøllerStensgaard and Rod McIllree
BlueJay Mining
Anyone know if there's a link to get this presentation live.

[mirabeau] 04/12/2019 12:09

Bluejay Mining* (LON:JAY) 8.6p, Mkt Cap £80.1m – Rio Tinto shuts Richard’s Bay as violence escalates

(Dundas Ilmenite project, Greenland, 100% owned)

Rio Tinto has long had a love-hate relationship with South Africa with maybe less of the love and more of the other bit as the nation is not really their sort of place from an operational perspective.

News today that Rio’s has halted its Richards Bay operation due to an escalation of violence and criminal activity in surrounding communities towards RBM employees will shock the market though close observers will note that Richard’s Bay has long struggled with violence and murder within local communities.

Rio reports an escillation of criminal activity towards Richard’s Bay Minerals ‘RBM’ employees with an employee shot and seriously injured in the last few days.

Rio’s has halted mining as a result and is operating it’s RBM smelters at reduced levels with a minimum number of employees now on site.

Construction of RBM’s US$463m Zulti South project has also been paused.

The problem for RBM is that it is the only major employer in a region of high unemployment, poverty and tribal traditions.

The Mail & Guardian in South Africa report that funds to one of the tribal groups has been held up over succession issues relating to the Mbuyazi clan. Three other tribal clans receive funds from RBM. The negotiations may be part of the violence against RBM employees in the area.

The move means that Rio’s taitanium dioxide slag production is now expected to be at the lower end of 2019 guidance of 1.2-1.4mt indicating that this will impact pigment and paint producers.

The situation is somewhat ironic as RBM won the top employer award for the fourth year running with RBM, outperformed other certified average top employers.

In the meantime Base Resource’s Tolliara project may suffer some delay in Madagascar due to government interference relating to some minor local issues.

The situation reminds us of Jeremy Clarson’s article in in the Sunday Times this weekend commenting on the beauty of Madagascar.

I quote: “Shortly after the 70-strong crew arrived, all of the under-25s took to their beds with upset tummies. I mocked them for their millennial fraility, but two days later I too was struck with an urgent need to visit what passed on our campsite for a lavatory. I have a cast-iron constitutio. I could lick a Turkish urinal dry and not suffer any ill effects but there I became a human hosepipe.”

Conclusion: Rio Tinto may look to help BlueJay accelerate the Dundas ilmenite project to help protect supplies of ilmenite feedstock in a market which is expected to become tighter in terms of mine supply.

*SP Angel act as nomad to Bluejay Mining. *SP Angel have visited the Dundas, Itelak ilmenite sands project in Greenland.

-

[xclusive2] 04/12/2019 08:29

Kemismelt,

Re Ilmenite suitability and final price, we won't have to wait long for the outcome. Where did the other shipment go ?

[kemismelt] 04/12/2019 08:19

gersemi 04Dec19-7090 :

Dundas Titaium A/S's 46.5%TiO2 ilmenite with ~40%FeO is better suited for RTIT furnaces but the needed compensation for the lower TiO2 contribution to their high quality slag by adding sweeteners will tell on the price they would offer which will be far below the PFS figures provided by Rod.

[gersemi] 04/12/2019 07:14

bbb

Yes, just seen that. Employees being targeted, violence etc. This news represents the nature of the stock-market that negative news for one company can translate into positive news for another.

We really do need to know if our ilmenite is suitable for Rio's smelters and Rio's requirements. if they are this will stock will rally hard as RIO will be looking to diversify and derisk its Ilmenite operations

[bigboyblue] 04/12/2019 07:09

Rio's titanium production is taking a hit at Richards Bay. Perhaps they have plans to increase production elsewhere.

[xclusive2] 03/12/2019 18:31

Getting very tempting but hands in pockets til January for me. I expected to see a retrace as the Placing was dilutive as they all are. If there is any more weakness, I may need to revise my investment strategy and take advantage.

[archie222] 03/12/2019 16:05

If you haven't seen it yet Greenland Conference 2019 tomorrow. Doesn't seem remarkable. Bo & Rod presenting in a small time slot for 15 mins. Seems to reflect BJ alignment with the Greenlandic development game plan though.

hxxps://www.danskindustri.dk/arrangementer/soeg/arrangementer/greenland-conference/

[seejayem] 03/12/2019 15:51

Not Greg Kuenzel drip feeding the rest of his unwanted shares into the market? Still holding 36million.

[birotop] 03/12/2019 13:16

I can access MW OK on iPad....

[geoffsmith] 03/12/2019 13:14

Ipeesquint, I have tried that twice and it did not work for me.

[ipeesquint] 03/12/2019 12:29

I had the same problem with mikes site. Dump your bookmark and google his site then re bookmark it. I also cleared all my cache and cookies. Worked for me.

[perfect choice] 03/12/2019 12:29

I can get to his site but not through all devices/locations so still an issue for some it seems. It was unavailable for a day or two for me, sounds like its a DNS issue to me. Maybe they have moved the site location?

Just checked again on my phone and cannot access just now while I could earlier, so something going on.

[fleuryp] 03/12/2019 12:26

Anybody any info Mike Walters site got it yesterday but not today

[geoffsmith] 03/12/2019 11:53

Thanks Littlealbatross, i still can`t get it. something not right.

[littlealbatross2] 03/12/2019 11:44

Was down for me yesterday but back on today.

[geoffsmith] 03/12/2019 11:19

Does anyone here know what has happened to Mike Walters site?
It has been down for me for three days now.

[perfect choice] 03/12/2019 10:26

Delayed trade assumed purely on basis of trade size as above NMS I expect at that size so they tend to be delayed. Yes there is a 10 second gap between published trades and normally I would assume a rollover but with the drop was considering it wasn't a rollover. My view only

[jackhenleo] 03/12/2019 10:00

Perfect Choice:

Where are you getting the assumption that they are delayed trades,and looking at the timescale/difference of the two trades(10secs)09.05.09 &09.05.19 I would also say that it's a rollover, no matter who is wrong and who is right there's at least there is one trade of 2.2m.

Just my opinion