Bluejay Mining Share Discussion Threads

[drmaccers] 16/5/2020 20:00

https://londonlovesbusiness.com/us-china-tensions-rise-over-predatory-chinese-greenland-operation/Bidding war? Lovely

[perfect choice] 16/5/2020 12:36

For those new here and want to consider mid term valuation, I would recommend a good read of the Hannam & Partners Equity Research document published 16 January 2020 and available on the JAY web site. Go to hxxps://bluejaymining.com/investors/research-notes/.

They gave a valuation of 20p back then but before the suspension of activities this year with effectively a year delay if nothing happens this year (but now I'm hoping something will happen as per posts above), but before JAY took on the additional new licence for "the Thunderstone Project" a gold, base metals and uranium target. This evaluation was a research paper paid for by JAY but value is primarily focused on Dundas with nominal value for the other licences JAY has. Plenty of untapped potential then IMHO.

That USA fund buying makes a lot of sense to me Longrod, bet they are happy since as a result they have managed to purchase stock at around half the price of the placing last November. Short term target I would say is growth to around 8p then see where we are on progress on Dundas or any other corporate event for that matter.

[book5] 16/5/2020 12:29

Excellent new frontier jurisdiction
Shares To be kept and accumulate

[bigboyblue] 16/5/2020 11:17

Another relevant point here (I think). Until last year there was a minister for raw materials as part of the Government. He resigned to take up a new post and Vittus Qujaukitsoq, the finance minister, took over the portfolio. At first glance it seemed that raw materials were being downgraded in importance, but think about it another way: what do Finance ministers want? what do mining companies provide? This decision to put the two departments under one minister may be a deliberate attempt to kick start the mining industry.

[drmaccers] 16/5/2020 10:49

New to the party here but looks like the nick of timeUSA gov land grab US fund buyingSneaky full mining lisence given All ducks lining up for US buy out or big partnership

[bigboyblue] 16/5/2020 10:33

PC, my reading of this is that it's sensational news. It seems to be suggesting that we are pretty much guaranteed our permit, irrespective of the consultation which hasn't happened yet!
Yes, exploitation permit is the full works btw.
Edit: For the avoidance of doubt, I'm not saying we have the licence, I'm saying the government are working on the assumption that we will have it soon.

[perfect choice] 16/5/2020 10:28

Intriguing news article just come out indicating that "mining companies that currently have an exploitation permit in Greenland will be allowed by Naalakkersuisut to have 50 percent less money to restore the environment around the mine, after mining has ended."

The interesting piece here though is that it only applies to those companies with an exploitation permit (is that a full licence or something pre-licence or just interpretation of translated wording?) and 5 companies are named along with another 2 where it will not apply. Of the 5 named Dundas Titanium A/S is named as one of the 5!

So does that mean JAY is close or in the government authority eyes have an exploitation licence for Dundas? It has been announced that JAY have had approval of their EAS and SIA (5th & 24th Feb RNSs) but next stage of public consultation still to go ahead, but is that enough to be included in this announcement?


Link to article is below and put through google translate so 2nd link below, although translation into English not great in places e.g, I see 2 sentences which contradict each other so guess a result of auto translation.

hxxps://sermitsiaq.ag/mineselskaber-slipper-billigere-coronakrisen

[bigboyblue] 16/5/2020 10:25

Talkman, any value you put on it is pure guesswork when so much is unquantified. Bluejay has 5,700sq km of exploration licences in Greenland, more than anyone else apart from Anglo American. Whilst some of us here are frustrated with timelines and past mistakes I don't think there is any lack of competence within the company when it comes to working out the geology. These assets are massive and Bluejay should be major players as the mining industry develops in Greenland.

[longrod] 16/5/2020 09:53

US envoy "Last fall I had the pleasure to travel to Greenland, and I can tell you firsthand that the Government of Greenland is eager to partner with the United States in very concrete ways that build upon our existing relationship. I heard from senior officials, including Greenland’s prime minister, that Greenland is looking outward to collaborate in order to spur investment and provide economic opportunities for its citizens, especially in the tourism and the mineral and mining sectors."

Also fund has been buying out of the USA that was supposed to have come in on the placement but pulled out at the last minute. Seems like the Americans have got the timing right here across the board. my understanding is the fund has now finished his order but who knows.

Still solid moves back to where it was less than a few months ago if you can believe that.

Strange world....

[drmaccers] 16/5/2020 08:22

A lot more than the current mcap. And if you are usa gov making a land grab...

[talkman2] 16/5/2020 08:04

What’s the value of Bluejay’s assets in Greenland ?

[drmaccers] 16/5/2020 07:56

That's some find!! I can see USA trying to buy all assets for any price in Greenland

[bigboyblue] 16/5/2020 07:04

This is a transcript of a US State Department briefing on Greenland. Assistant Secretary Fannon covers minerals and there are some questions at the end. It seems there is the prospect of a lot more money beyond the $12m already announced.

[bigboyblue] 16/5/2020 06:43

Greenland is proposing a phased re-opening based on infection rates in Denmark. The first phase will allow 600 people in per week and the date for that may be known on Tuesday. I think the link will open in Danish:

[snowyflake] 15/5/2020 19:59

or rather it got left behind some of the other stocks which I follow.

Interest in JAY started to rekindle around the 4 pence level and I guess as the price improved investors got their appetite back.

After all we had a placing last year at 10 pence and the current price is still at a discount to 10 pence.

[xclusive2] 15/5/2020 18:44

Hi Snowy,This looks leaky to me.

[snowyflake] 15/5/2020 18:32

I would love to see Rod McIllree succeed with one of the several projects that Bluejay holds under licence not just for Bluejay's shareholders but also for him and his family.

Not only does the company hold Dundas where frustrating delays on the part of the authorities and now Covid has held up the grant of the exploitation permit, but it also holds the Disko (nickel) and Kangerluarsuk (zinc lead silver) exploration permits, each of which have tremendous possibilities.

And recently the company added Thunderstone to its portfolio where it would be remiss to ignore the uranium occurrencies (see the improvement in the spot price of uranium over the past few weeks).

Nice to see an improvement in the share price. Puts a smile on the face.

[ein4] 15/5/2020 17:24

Could be a very determined buyer in a hurry, give Rio a run for their money?

[perfect choice] 15/5/2020 17:13

13M trades today and 11M yesterday, way above recent volume so something seems to be driving it!

[perfect choice] 15/5/2020 15:57

Yes in ideal world would want Dundas income before more exploration but unlikely to happen IMHO, unless a buy-in deal provides income for example or maybe asset sale for Finland prospects, which I recall was mentioned once but seems to not be the case with currently plans I think. The intention of the last 10p placing to raise £11M was to refinance the company and including what was meant to be the 2020 drilling programme IMHO, which for one was to tempt in a partner for Disko in my view. So JAY is certainly in a better position than others and even against the original plans would have had funds for the whole programme. So they may have to be some expenditure first before we get to income? However would say JAY need to "take it careful" on exploration plans right now until a better position is known on future prospect funding or development/buy-in plans.

[xclusive2] 15/5/2020 15:33

PC,I'd feel a lot better if they generated revenue by whatever means. Not sure what the operational spend is but one thing they can't do is go back to the market cap on hand mid next year.

[perfect choice] 15/5/2020 14:46

Thanks BBB for posting that, well if we do get a chance to do some of that intended drilling programme this year that will definitely be a bonus. Happy to say I could have been premature in writing off this year for exploration activity if we get the chance that is.

Think there is also some local news about uranium which is indirectly relevant to JAY due to the new licence. Previous statement on here mentioning it is believed JAYs new licence could be 2nd largest source of Uranium in Greenland, be that it should really mean "currently known" IMHO.

[xclusive2] 15/5/2020 14:14

Great to see continued momentum and healthy volume. Those that picked up stock at the lows, well done, sadly I stock with oil but let's hope that there's some good news not too far away.