Bluejay Mining Share Discussion Threads

[xclusive2] 09/2/2020 12:40

Good info, thank you for posting.

[bigboyblue] 09/2/2020 11:38

I've been looking at the IBA hurdle, and it really shouldn't be that difficult. The main text is effectively a load of non negotiable terms and conditions. The appendices are specific to our project and they are based on the SIA.

You can read about it here The page has links to the 3 existing IBAs in Greenland and you can see that they are all pretty much the same apart from the appendices. The appendices will effectively be a cut and paste job from our SIA, with a few bits added to take account of any issues raised during the consultation phase.

So what we need now is the SIA, pronto, and we can get on with it. JAY took a calculated risk in trying to hurry up the EIA and it seemed to work. Let's hope there is still enough momentum to get the SIA approval in the next week or two (at most).

[ukgeorge] 09/2/2020 08:53

Thank you for posting that was a good read

[gersemi] 09/2/2020 07:08

'RTIT and BlueJay also agreed to work together to review and improve the technical work at Dundas completed to date. This is a strong validation of Dundas’ potential strategic value, in our view. While there is no guarantee of a longer-term transaction within the agreement, we see multiple potential outcomes of this deal, including Rio becoming an offtake partner or even taking an equity interest in Dundas.

With the very clean composition of Dundas ore, we believe the project could provide an ideal ilmenite feedstock for Rio’s TiO2 slag furnaces in Quebec – both in terms of quality and proximity. Rio has shown commitment to its Canadian

TiO2 business, with a rebuild in H1’19 of two idled furnaces in Quebec. A potential participation in the development of Dundas could offset Rio’s future capital and operating costs associated with sourcing ilmenite feedstocks for the smelter Dundas’ high-grade material also offers good fit with Rio’s stated focus on maximising productivity from operating furnaces, in our view.'

-

This is very interesting. It would be a coup if JAY could secure an off-take supply deal with interest from RIO either on a JV basis or them taking a direct stake in the development of Dundas and a stake in JAY. Not sure what the 'longer-term transaction' relates to

[sharetime] 09/2/2020 05:56

initiated coverage on Bluejay Mining with a price target of 20p.Today 05:59
Hannam & Partners have initiated coverage on @BluejayMining with a price target of 20p.

Have a read on #JAY's website -
"Aside from Dundas, $JAY holds attractive base metal exploration at Disko, Kangerluarsuk and in Finland, adding further value."

[rampair] 08/2/2020 12:30

Xclusive 2 - being more excitable- after discussion with the Finance dept (wife) I
Did buy a few more earlier in the week as I expected that the placing shareholders at
10p must have seen a profit possibility- so, with 25% or more on offer potentially
I bought a few!

I don’t offer this to anybody as advice, just my interpretation of the current situation.

Good luck and enjoy the weekend.

R.

[xclusive2] 07/2/2020 11:39

As usual, I haven't got a scooby re current large trades. Feels as if we're poised to make move north and any overhang clearing ? Tempted to add a few more but sitting firmly on hands as have enough.

[xclusive2] 07/2/2020 08:23

Yep Rampair. It's not a game and much that I've had wins, I've had losses and each one should make one wiser ! HUR, another disaster that I was fortunate enough to cash out on. I will take profits on all stocks on any significant rise, regardless of leaving something on the table. I see JAY as a slow burn but all my single figure purchases will be cashed up on the run north, hopefully !

[snowyflake] 07/2/2020 08:08

Good morning Rampair. I fully agree with your comments especially with regard to Greenland. Bluejay has some excellent licences and thus good assets to be explored and developed, not just for the benefit of its shareholders but also for its people.

[rampair] 07/2/2020 00:21

Xclusive2 SXX - right after the first RNS of the drill into what became the Zechstein sea it was quite a time, also I had bought into FAM and along came Western areas!

AIM can be a cruel place but you do meet some genuinely bright and pleasant posters.
Occasionally you make a bit of money - I wish it were more but there are opportunities
- Selling is at least as important as buying.

Greenland though, I do think we may be on to something here, I hope they are as keen on mining as they say they are.

Goodnight fellow holders.
R.

[hawking1] 06/2/2020 20:37

Hi BBB,
Aside from the merits of the DRC, copper could be facing some future competition. Yazuki Corporation are making interesting claims about their research into aluminium-carbon nanotubes which they suggest could replace copper wiring in vehicles. Mr Friedman may not need quite such a large telescope to track the future copper price as he suggests.
That said, I am not swapping any of my Bluejay exposure for carbon nanotubes any time soon.
Cheers, H.

[perfect choice] 06/2/2020 15:17

Get a feeling Disko is really going to "wake up" later this year as a prospect. Looking at the map (figure 1) with the last Disko RNS, you can see the distributed high priority 19 drill targets highlighted, out of twenty-eight drill-ready targets defined by JAY. Those drill results should give a good indicator of the priority targets identified at Disko and hopefully generate partner investor interest.

So looking at H1 being Dundas key activity and H2 being Disko key activity. There is first drilling at Kangerluarsuk as well of course to be done with the Disko drilling programme, so lets not forget that, but Disko seems the key interest right now as 2nd major prospect. Suspect that is down to interest from others right now IMHO.

But Kangerluarsuk should not be regarded as just a possible extra prospect option. It was Rod in his last interview who said if they were starting again in Greenland, he would start with Kangerluarsuk. So he must see some real potential in that target.

[xclusive2] 06/2/2020 14:16

Thanks BBB.

Snowy,

Yep, my fault on SXX and the paper profit in the 40p highs looked great, not so good now and Anglo will make the profit. Fraser gets out of jail but most Instis and PIs are shafted. Important to take profit on the journey, regardless of future NAV and share price Always learning but SXX had done the hard work but obviously they hadn't !

If we're fortunate enough to get the Dundas deal whether JV or sale, i will be taking profits with the view to having a free ride on the rest.

[bigboyblue] 06/2/2020 11:26

I know we're all focussed on Dundas in the short term, but with Disko in mind this makes interesting viewing re future growth in demand for copper/cobalt/nickel although I'm not sure about the merits of the DRC just yet.

[jackhenleo] 05/2/2020 15:55

bigboyblue : Thanks for your feedback on the white book.most welcomed.

[snowyflake] 05/2/2020 13:14

xclusive2 - I agree with your comments. Sorry to read about your SXX exposure. The directors were over ambitious about sourcing funding. It looks as if Anglo American will benefit from that, as so often happens with a junior miner which is not cautiously managed.

Can't make out this kiss me character.

[xclusive2] 05/2/2020 13:09

Rampair,

I was luck not to have purchased Jay in the 20s although i have been guilty of catching the falling knife but also have learnt to take advantage of opportunities when they're presented and imo and we all have had that opportunity as of late. I know that many punters have been stung in the shorting play and i know that many people don't have limitless cash reserves so let's hope that those underwater get their payday. No guarantees but i've now got enough, no more 'rude not too' moments planned but never, say never and the plan is to sit back to see how it plays out.

Hurting from SXX as was invested from bottom to top and that has been a bitter pill to swallow especially as it fell at the last hurdle which was a shocker. Nothing guaranteed on AIM and i'll take some profit off the table here if RTIT prove to be the suitor/buyer of Dundas.

As always TT.

[rampair] 05/2/2020 12:26

Agreed xclusive 2 - for the first time in a long time - looking very positive and hopefully profitable.

And the sun has come out!

We PI’s occasionally get offered prices below placing - with decent news flow coming
In.

With thanks to all others sharing opinions.

R.

[xclusive2] 05/2/2020 11:41

K,

Re profit realisation, it's already happening. Taking advantage of the oversold position in the summer of 2019 post the shorting fun and games and buying as of late post Placing whereby the share price declined by 30% from the 10p, oversold in my opinion. We'll know soon enough whether RTIT are the player, if not, i'm sure other conversations are happening. They'd have probably raised more cash from the Placing if funding talks were struggling, regardless of dilution and i believe that a positive outcome is not too far away, won't be long to find out.

[bigboyblue] 05/2/2020 10:47

I should perhaps have added that the IBA is a detailed document and it will take some time, but I'm not going to guess how long. Definite progress now though and I think from the tone of the RNS we can be pretty confident about the SIA following very soon.

I would suggest JAY can afford to be proactive about this. The IBA is a document agreed between the licence holder and local and national governments but as far as I know there's no reason why JAY can't do an outline first draft for the other parties to add to etc. They could start this during the consultation process. Ironbark's is the most recent completed one:


Ours will of course have different issues, but it's a starting point.

[perfect choice] 05/2/2020 10:03

Thanks for that detail BBB, so now it looks we are on a firmer timeline, SIA by end of February then fixed 8 week public consultation period so March/April. White book/IBA done concurrently with 8 week period so completed at end of period. Which means as long as SIA appears this month, JAY will be requesting political approval for exploitation licence in April for sure, unless something major comes out of consultation period but very low risk of that I would say. A firm path to exploitation licence for Dundas at last!

[bigboyblue] 05/2/2020 09:40

jackhenleo: the White Book is essentially a record of issues raised during the consultation process. It is compiled jointly by the company and the authorities. It forms the basis of the Impact Benefit Agreement which has to be agreed between all parties. The White Book shouldn't involve much if any delay because it is compiled concurrently with the consultation process.

When Hudson Resources were awarded their exploitation licence, the IBA was approved at the same time, so no delay between the IBA and award of licence.

[dhb368] 05/2/2020 09:31

kemismelt5 Feb '20 - 7308:
"Don't you think that this could still be easier said than done?"

What do you see as the main risk here then kemismelt?

I know that there is some opposition to mining, but isn't that mainly in the more populated areas?
The main social impact of Dundas surely is jobs?
And if RIO don't want the Ilmenite there is still a market for it somewhere. Plan B might possibly not be AS profitable, but will still have a significant value to JAY.

It seems to me that the risk is that the upside from here will be less than hoped.