Bluejay Mining Share Discussion Threads

[bigboyblue] 04/5/2020 23:05

PC: I haven't seen the article you refer to but Greenland Minerals is the company with uranium deposits, as dhb says above. They are in SW Greenland, not far from our new licences, and they are the only other company apart from us with an exploitation licence pending They are part Chinese owned and their Chinese investors are represented on the BoD.
The other licence you refer to is application no 240 which is in two parts in S/SE Greenland. Check out the map and you will see it: 2485.75sq km.

[dhb368] 04/5/2020 22:13

I think these guy are the big uranium play in Greenland.
60% owned by Chinese I think which is what worried the USA and stirred them into action.

[perfect choice] 04/5/2020 22:03

I believe there was an article in the local Greenland newspaper over the past few days focusing on uranium deposits and JAY was specifically mentioned among others.

Understand the article states that JAY have highlighted that Thunderstone may be the second largest uranium deposit in South Greenland, although that might be easy to say with only limited defined other prospects (anybody know which one would be considered the largest then?).

It also now appears the state-owned French uranium company Orano has also applied for an exploration permit for an area covering 2,486 square kilometers, not exactly sure where.

Don't have direct access to these details as obtained from other posters, but hopefully those who know where to go for this information should be able to confirm.

Sounds like the uranium side of prospects is hotting up then?

[dhb368] 30/4/2020 18:39

Perhaps RM is struggling with google translate.

[bigboyblue] 30/4/2020 18:16

I have been wondering this since about 25th February Snowy. I assume not since we haven't been told, but perhaps that's just me being naïve. If JAY can just go and get a translation service to do this there really can be no excuse. However, it may be that they have to use an approved 'in house' service; I don't know.

[snowyflake] 30/4/2020 17:23

The RNS of 24th February stated that the compliant impact assessment was being translated from English into Danish and Greenlandic. That is over two months ago.

Does anyone know if they have been completed?

[snowyflake] 29/4/2020 20:54

The appointment of the Danes into managerial positions has been essential.

RM has made too many gaffes and has not all times given what I believe to have been material issues to the attention of the market and investors. For instance the request by the authorities for a further year's research a while back.

He has allowed his own ego to take precedence over reality. e.g. I believe that he expected the share price to rise after the placing last autumn. In my view because he saw himself as a hero in getting the Danes and Greenlandics to invest in the company. Yes good but he ignored the dilutive effect. My answer is that he considered himself a hero.

But Rampair has raised an issue which is dear to my heart. It is a fact that the Greenlandics want to protect inhabitants from unwelcome disease from abroad. Hence any outside worker has, as far as I am aware, to undergo medical tests.

I asked at the December general meting whether we still needed to have a processing plant in Greenland which would in effect take the place of the Quebec pilot plant (if we proceed with RTIT) or whether the authorities would be content to grant a permit where there was no such condition.

I was advised that the authorities' position was that there was a requirement to have a plant built.

Since then we have covid-19. That to my mind has changed many situations throughout the world.

The Greenlandics want increased revenues. If that is right then surely the best course has to be to have a royalty/tax structure within the exploitation permit or surrounding the permit and that in our case Bluejay be allowed to sell sands for processing abroad on the basis that post processing the processed sands ex the ilmenite content be returned to the Dundas beaches.

We would quite rightly suffer say a sales tax. There would be no large capex to be found. Everyone gets on with it. No importation of a large workforce to build a plant. Sorry but simples.

Finally do we not need a change of broker? I think so - one to replace S P Angel.

[perfect choice] 29/4/2020 19:07

Think RM is the "bees knees" as an expert geologist who knows Greenland very well to find the best prospects to the ultimate benefit of us share holders. But an "expert specialist" is not necessarily the best business leader and its always important to get the right people and expert partners around you. Work to do then I would say if all correct.

[bigboyblue] 29/4/2020 17:58

Jack: I don't know if the post is accurate but it would certainly explain the lamentable lack of progress pre-covid.
xclusive: in 2017/H12018, everyone here (with the honourable exception of summerfield) thought RM was the bees knees. Not so much now. Ever the optimist, I still believe we have a valuable asset at Dundas and potentially much more at the other sites.
Rampair: This was reported recently
In particular I was interested in 'The Concept Study proposed an open-pit operation to exploit a pit-constrained mineral resource and an ore transportation tunnel and road combination to processing infrastructure located on barges positioned in an enclosed bay off King Oscar Fjord so as to minimize capex and environmental effects of project development.'

[rampair] 29/4/2020 17:40

I wish you well with your business,some retail is open near us but it strikes me that it could be a long while before discretionary spending grows. Trade work is essential.

One silver lining to this is the possibility that Covid could affect small isolated communities- so why build a big processing plant ? I hope pragmatism strikes and we are allowed to process away from a very cold winter environment- after all Greenland could collect revenue for unprocessed ore. Not infecting communities in the far reaches of
Habitation is vital. If I was to ask a question at a meeting it would be along those lines - could the Country gain from resources with as little impact as possible?

It would be a terrible blow to Mining if it was the case that we built a mine and process plant , only to be in the situation that we caused human damage.This would render the plant unusable, or, ironically mainly automated!

Possibly a ship borne crew could operate some sort of basic plant over a six month period, again it comes back to interacting locally.

Fingers crossed and good luck to all business owners too.

R.

[xclusive2] 29/4/2020 16:59

BBB,Thanks for continuing to do your research on JAY. Exploitation licence will happen, that's not my concern, it's the same old for me, revenue generation and no more dilution in 2021.I'm in the RM 'not covering himself in glory' camp and maybe he where's the operational sticker and a new leader voted in,Not wishing to be negative but I wrote Jay off for 2020 and spending my time trying to make a few quid on stocks that will move north, that and trying to save my business ! Still got my holding but wish I sold it down pre the Plscing !

[perfect choice] 29/4/2020 16:53

Yes first part strange if correct of course (verifiable source for this comment?), 2nd part though is feasible as shipment had to be fixed by availability of shipping raw ilmenite, irrelevant of timeline to build and commission pilot plant. Its hardly a case of build a plant and then just "flag down" a ship to transport ore in time to the completion of commissioning. But getting paperwork right in first place is something they should have done if true that is. All this is also irrelevant in that RTIT dictate timescales anyway.

[jackhenleo] 29/4/2020 16:35

Just noticed this posted on LSE, I wonder how much of this is true!

Perhaps Bluejays CEO R.M would like to explain why after the ship/boat was not offloaded for over 5weeks after docking in Quebec and when the correct documentation was finally produced to the approval by the authorities did it then take a further 7-8weeks before processing of the mineral commence due to the pilot plant not commissioned to operational standards.
terrible /incompetent management comes to mind

[monet] 28/4/2020 12:23

Well worth a read if you haven't already.

[perfect choice] 24/4/2020 13:34

Hadn't realised the implications of your earlier 7575 post BBB. So from next Monday it is possible to have meetings of up to 100 people so public consultation meeting required for Dundas exploitation licence could now proceed?

Now this is for those resident in Greenland only at present so don't know who needs to attend in person from JAY for that public meeting. So who is actually residing in Greenland right now to represent the company in person at such a meeting? I would expect Hans Jensen as Managing Director Dundas Titanium A/S, clearly a key person to be there. Expect Eric Sondergaard as well but not sure of anybody else right now, maybe Dr. Bo Møller Stensgaard (COO)? Don't expect Rod McIllree to be in Greenland right now so a case of who needs to represent the company for a public meeting.

If they can provide the required representatives, then it could just be that the meeting can proceed and the Dundas exploitation licence application is progressing again as of next week.

[bigboyblue] 24/4/2020 10:43

With Greenland reopening (internally) for business, that should mean that our consultation process for Dundas gets back on track. Greenland Minerals updated the market earlier this week on the progress of their EIA. They've been given an indicative 8 weeks for the authorities to scrutinise it, then

'Once the EIA is approved by EAMRA, the Ministry of Mineral Resources will
manage the remainder of the licensing process, that includes formalising the public consultation process'

I presume the same will apply to us. It would be nice to know.

[livewireplus] 23/4/2020 21:35

hTTps://www.washingtonpost.com/national-security/us-to-give-aid-to-greenland-open-consulate-in-bid-to-counter-russia-and-china/2020/04/23/369bf2d4-8568-11ea-9728-c74380d9d410_story.html U.S. to give aid to Greenland, open consulate in bid to counter Russia and China

[dhb368] 23/4/2020 16:19

That is good news potentially.
Especially so IF JAYs employees can self isolate in a remote location like Dundas or Disko.

[dhb368] 23/4/2020 01:02

But only a 3 year licence though as opposed to 5?

[rampair] 22/4/2020 23:41

Costs per Km2
I noted in our new Thunderstone licence that , rather cleverly, half the licence is
Deemed situated in East Greenland- this brings with it the fee charge at half the rate
of West Greenland

Exploration obligation for large areas in East and North Greenland
3.a Exploration obligation per km2 DKK 831

A decent saving over the years & for a small junior it's welcome.

R.

[bigboyblue] 22/4/2020 21:03

Yes, that's the one.

[dhb368] 22/4/2020 20:12

Is this it?

www.proactiveinvestors.co.uk/companies/news/222949/bluejay-mining-sees-lots-of-upside-at-dundas-in-greenland-222949.html

Thanks monts - Looks like advfn are fking with links again for non blues.