Bluejay Mining Share Discussion Threads

[bigboyblue] 22/4/2020 20:03

This is newly published today, although I don't think there's anything in it that's news to most of us: [...]

Sorry, the link won't work. It was a proactive investors 'deep dive' report, but it wasn't that deep.

[andy] 22/4/2020 18:59

Greenaland is the first country to have cleared all it's covid cases, 11 infections, 11 cured.


If I Were them I wouldn,t want any outsiders coming in until the pandemic is over.

[bigboyblue] 19/4/2020 17:42

I wonder. Much higher shipping costs that way but, as you say, no need to bring in foreign workers with their diseases. Also, greatly reduced capex for us.

[snowyflake] 19/4/2020 17:23

Thank you for your 17.04.20 19.05 post BBB.

At the 12th December general meting I learned that the then view of the Greenlandic authorities was to require Bluejay to build a processing plant in Greenland. That would require the migration from countries such as Denmark of employees to mine even on a temporary basis.

I wonder whether, in the light of corona virus and the possibility of the importation of other diseases into the country, the authorities might authorise an exploitation permit which does not require such a condition.

In other words, say RTIT or another party were to be allowed to transport ilmenite bearing sands from Dundas upon which the government could render taxes/royalties based on sales, that would be a satisfactory way of bringing income into the country.

[davroc] 18/4/2020 21:04

One of Elvis's early number 1's. " I Got Stung".

[longrod] 18/4/2020 18:01

haha. thats funny. The stinger has struck

[moreminer] 18/4/2020 15:27

Oh Great Stinger,
Thank you very much.
All in Monday then.

[the stinger] 18/4/2020 13:03

LWB share price CURRENTLY 7.5P YET TAKEOVER NOW CONFIRMED AT 15.5P !!

Quick 120% Monday!!!!


IMPORTANT INFORMATION – OFFER FROM FV BETEILIGUNGS-GMBH (FVB)
The Notice of Annual General Meeting and Form of Proxy, and where requested, the 2019 Annual Report, are being sent to Low & Bonar
sharehhe 2020 Annual General Meeting.
Regulatory clearances are still awaited in respect of the FVB offer and once these are close to being substantially finalised, we expect to send
shareholders an update on the offer and the next steps to be taken.
The 2020 Annual General Meeting will proceed as notified in the Notice of Annual General Meeting if you do not receive any further
communication from Low & Bonar.

[bigboyblue] 17/4/2020 19:05

This is one of the better articles I have seen about the current situation in Greenland:

[bigboyblue] 15/4/2020 13:57

This has just been posted. It doesn't directly affect us, but you will see it is subject to a consultation process in the same way that our exploitation licence is. That process has been postponed until July or August. It may be reasonable to assume that the same will apply to our consultation process, unless of course JAY are successful in negotiating an alternative method.

All in all I suppose after all the delays we could probably live with that.

[perfect choice] 15/4/2020 10:18

Yes thanks BBB, appreciate providing those links to this information.

[dhb368] 15/4/2020 09:53

Thanks again.

[bigboyblue] 15/4/2020 09:48

It's not a problem for us. Standard terms allow for a second 5 year period at the end of the first one and most of our licences have plenty of time to go. If you suffer from insomnia, it's all here

Page 7 is the relevant bit.

In case anyone actually reads the above link, don't get excited about the apparently low fees. These are updated annually. Current fees are here:

I calculated our obligations for 2020 at around £3m, so that's how much we save this year. That was prior to the addition of the two new licences.

[dhb368] 15/4/2020 09:44

Thanks BBB.

With a bit of luck we may be going into 2021 with the future of Dundas agreed and plenty of funds to accelerate exploration.

[perfect choice] 15/4/2020 09:42

But at least cost obligations for 2020 are reduced to zero (RNS text below) although as BBB says licence term is not extended, so will have to formally apply for an extension if required in the future.

-- The Licences will hold no financial commitments for the Company in 2020 - the Government of Greenland has recently approved the adjustment of mineral exploration obligations for 2020 for all exclusive exploration licences (including special exploration licences) to zero, regardless of licence age, in response to the COVID-19 pandemic

[bigboyblue] 15/4/2020 09:38

No extension. Details are here:

[dhb368] 15/4/2020 09:20

In case I have missed it, are the licences being automatically extended to cover the 'lost' season as well as the expenditure commitments being 'excused' for this year or have JAY effectively lost one season of exploration at Disko etc.?

[perfect choice] 15/4/2020 07:38

Right on queue, Thunderstone project RNS out. Interesting to read the extract below as to why the company felt this "highly prospective area" has not been picked up before notably the threshold level used for samples obtained in 1979. JAY's re-analysis and knowledge and expertise they have within the company has uncovered a decent prospect it sounds.

Main base metal target is zinc it seems but also noted comment "Thunderstone contains several yet unexplained clusters of anomalous uranium in HMC and stream sediment samples.", plus gold as well


"Most of these stream sediment samples were obtained during a regional sampling programme carried out by the Geological Survey in 1979. A total of 764 historic samples have been re-analysed by ALS Loughrea, Ireland. For several elements, the detection limits of the historic analyses were too high for the concentrations that can be expected in stream sediments, resulting in all samples falling below the detection limit. However, through modern analytical techniques, the Company has been able to define geochemical anomalies for these elements as well as a broader range of pathfinder elements that may provide vectors to mineralisation."

[rampair] 15/4/2020 00:52

Just through from Quebec /Mining journal
- starting to lift mining restrictions from April 15th

Mining operations are to resume at the Canadian Malartic mine in Quebec, Canada Wednesday (April 15th), following the provincial government's decision to authorise the resumption of mining activities.

Getting better already lol

R.

[rampair] 15/4/2020 00:43

But a worthwhile day bbb ?

I think the saga of JAY the Tenacious will have a new chapter for us, if it is Uranium, Gold and a base metal, we may find that the much warmer (relatively!)south to be a decent prospect.

We have had, possibly, the worst set of events ever! However, consider this, Imagine being an investor in Carnival cruises, statistically a rock solid business- it's prospects this year have gone from perfect, to perfectly frightening- in a month or two

We, as investors in Greenland have had a rough time, but we don't have to draw down billions of dollars in credit lines like a lot of Oil companies, many businesses won't exist in a year. Retail? Restaurants? Cinema.

I'm sticking to my resources, sod the setbacks, we are still here & I think it will be better sooner not later.

Just my thoughts
Dyor, Rampair.

[bigboyblue] 14/4/2020 18:27

OK that's enough from me for today I think.

[bigboyblue] 14/4/2020 18:23

And another annoying thing: this crisis has hit at the beginning of what would have probably been the longest field season ever in Greenland. Disko is already accessible by sea, well ahead of normal.
The link shows the extent of Arctic ice yesterday. The graph shows that there is significantly less ice than even 2012, the previous record year.

[bigboyblue] 14/4/2020 18:15

There certainly should be.

If we were to look at it negatively the situation seems to be: nothing doing with RTIT until next year; the pilot plant hasn't done much yet and is mothballed; no current progress with the Dundas licencing; there's an assumption there will be no drilling at Kangerluarsuk; and we have a MoU with someone that's not really worth anything because there's nothing contractually binding about it. So far so bad.

However, from this point there is plenty of potential upside. If a way of doing the consultation exercise can be agreed we may yet get the exploitation licence. Even without an offtake agreement that immediately makes us more valuable than we are now.

Sometime the current restrictions will start to be relaxed. Industrialised countries like Canada won't remain on lockdown longer than they need to, so surely the pilot plant can start producing for potential customers before too long.

Greenland, for all their concerns about importing diseases, is actually very well placed for controlling the spread as every community is isolated from all others. It may be possible for them to allow work in isolated areas on condition that workers are confined to those areas. Might we yet see some action at Kangerluarsuk later in the season? Denmark is one of the first European countries to start relaxing restrictions.

There may yet be news on a partner for Disko.

If none of the above happens, we are no worse off than we are already.

[perfect choice] 14/4/2020 16:21

Thanks BBB, RNS tomorrow then?

[rampair] 14/4/2020 15:15

Ha! We will win through in the end BBB, thanks .

R.