Bluejay Mining Share Discussion Threads

[luffness] 10/7/2020 09:04

We really dont care clearly you have zero credibility so why would JAY waste any time on you

[kemismelt] 10/7/2020 08:41

bigboyblue 10 Jul '20 - 07:14 - 7849

Thanks for responding. JAY's commercial channels are clogged with mostly yes-men who can't see beyond their nose! Why should they? Their pay-packets and share options are confirmed. I have sounded them last year and found RM is held captive to the RTIT hype which has already extended project time-lines, while the opportunity to get such huge funds like US$700m into DUNDAS Titanium A/S stays hanging there with scant support. If you can discuss on my email , I can be more candid with details of the now suspended PIS for the Sisimiut hybrid smelter. All I need from JAY is an irrevocable LoI as posted on this BB last year.

[bigboyblue] 10/7/2020 07:14

Nothing much has changed here materially either. Most on here, myself included, are still just PIs who don't speak for the company:

Longtermgains 29 Aug '19 - 18:57 - 6701 of 7848
0 4 0
kemismelt: you should pursue commercial objectives through the usual commercial channels and if you have been rejected you should learn from the reasons that are either implied or that have been given. You are not going to achieve anything via a bulletin board.

[perfect choice] 09/7/2020 10:23

Ah wasn't aware of those twitter posts dhb368, now makes sense. That twitter seller was proven wrong then if they said 3M left end of May then a 10M final sell occurs on the 3rd June. Beware on unknown posters on twitter feeds then! My understanding is he retains a residual amount so too little to be of concern now. Its difficult to work out why he is selling even after talking to colleagues who may have a better chance of knowing. As best as I can tell, it may be related to a new business venture requiring personal funding but I have heard another reason as well, but basic feedback it just nothing to do with JAY and what Whybrow wants to do for the future. Treating it as a closed matter now anyway and in fact could be a help in removing an issue that could have contributed to restricting the JAY price even with good news released.

Agree on prospects and cannot see anything really stopping the Dundas exploitation licence after all the work which has been done. Few months to go yet though and public meetings, trusting Hans Jensen is managing local events well to get us to having the exploitation licence granted around October it seems.

[dhb368] 09/7/2020 10:03

PC, he could be out, or at least far enough for it not to matter, but the twitter Seller Out P&D brigade have been saying that for weeks, especially the good Dr. who claimed that there was only 3 million shares to go at the end of May!

I am very positive on Jay, added significantly in the 3-4p range and expect Dundas to be worth circa 20p on its own. That might prove optimistic given current crisis but the only way we fail to make significant money from here is if we do not get an exploitation licence, which is 0% likely.

[andy] 09/7/2020 09:13

burond1,


That article just regurgitates what is already known.

[perfect choice] 09/7/2020 08:04

Seems like I walked into a difference of opinions I didn't appreciate dhb368 then! Just took DrMaccers post at face value as knowing more than me on what was happening behind the scenes, as I know that 10M trade was Whybrows sale after that last RNS where he dropped below 3%. I've not had a chance yet to go back through all the trading days between the 14th May and 3rd June to add up all the larger 5.75p trades to check everything out, but assuming post 14th May the only further sale was that 10M, it means at most Whybrow will have 17.38M shares left now. So chance he could always come back and sell more but I just believe it's finished right now and certainly no activity at present indicating anything different. We shall see.

I link that reference to Anglo American is a link to JAY's Disko prospect burtond1 as they have their own exploration licenses granted around JAYs MELs for Disko. So logical they would be the first choice for a JV/earn-in partner into Disko to fund its development with JAY ultimately taking a free carry for its share of Disko, or that is how I expect that prospect to develop, as just too big for JAY on its own. My expectation was for JAY to complete its maiden drilling programme at Disko to demonstrate the viability of the prospect, then to enter into a development agreement with another partner. Covid has pushed that drill programme previously announced into 2021 now, so will see what develops in the mean time.

[drmaccers] 09/7/2020 07:47

DHb on ignore list for knowing literally nothing lol

[burtond1] 09/7/2020 07:06

With a share price hovering just over 6p @BluejayMining is one of the world's more intriguing mining ventures. So is #JAY worth a look at this level?"...it is worth noting the presence of another mining giant on the island, @AngloAmerican ..."https://total-market-solutions.com/2020/07/09/bluejay-mining/

[dhb368] 08/7/2020 23:13

FFS... DrMaccers excellent 7817 post! Almost choked on my beer. That is the second time he has said seller gone. He will be right eventually but there is a very good chance that there are millions of shares still to go. Maybe wait for the next time twitter says seller gone :)

[perfect choice] 08/7/2020 22:33

Think you'll find Whybrow has already completed his selling Seejayam, that RNS was for when his holding crossed the minimum 3% notification back on the 14th May. Subsequent to that he has completed further selling which we will no longer see as his holding is now below 3% and that 10M trade at 5.75p last week was the final one I understand, see DrMaccers excellent 7817 post explaining what happened.

That Greenfield Exploration article certainly seems to be PR hype for them BBB and as you say they will need a lot of money to buy up 28% "of all areas under license" as the article says. But shows the interest for exploration in Greenland and why it has been absolutely right for JAY to stake its own claims on highly prospective areas it finds in Greenland rather than just relying on Dundas as its only prospect. Basically if JAY doesn't secure the exploration licences somebody else will and RM is following the right management strategy identifying and securing those prospects beyond Dundas for ultimate share value gain.

Looking forward to progress on Dundas of course and when we may know who is this new "multinational commodity trading firm and major ilmenite market participant targeting 200ktpa of ilmenite" from Dundas (so its NOT RTIT note). Looks like Hans Jensen, (Managing Director of subsidiary Dundas Titanium A/S) along with Per Buhl Olsen I assume (see previous post) are working on the local business development for Dundas in Greenland as per quote "We very much look forward to continuing the good working relations with the Greenlandic Government, local stakeholders, suppliers and the Avannaata Kommunia; the municipality of North-West Greenland, in the continuing effort to create a sustainable, low impact, long duration mining operation for the benefit of Greenland and all stakeholders."

Good to see options issued for employees as against Directors as in the RNS today, always like to see employees rather than the Directors being able to buy into the future success of JAY when the price is higher, so in this case they can acquire shares at a future date at 10p and 15p available up to 2025. Note it seems there is a typo in that it should be PDMR namely "Persons with Directorial or Managerial Responsibility" who are not included in this grant of options.

[summerfield1] 08/7/2020 20:31

The helicopter in the graphiC

is transporting Rod Mcillree to his next doomed venture!

[bigboyblue] 08/7/2020 19:48

Interesting. They'll need some money.

[seejayem] 08/7/2020 11:17

SP going nowhere until after Whybrow has dumped his many millions, frustrating!

[andy] 08/7/2020 09:03

burtond1.


Who do you classify as a "respected financial journalist" out of interest?

[burtond1] 08/7/2020 06:55

We want to review companies YOU want reviewed.So, which company would you like an independent write up and view on by a respected financial journalist?We will arrange for the most popular to be written up later this week...Do you vote for #HUR #JAY #ORPH or #MPL https://twitter.com/tmsreach/status/1280612385091457024?s=21

[kemismelt] 08/7/2020 00:29

Perfect Choice 5 Jul '20 - 17:41 - 7830

Your comment: << The art of a good CEO is to make sure you bring in the experts you need, not to be the expert in everything yourself >>. Sure PC! But a CEO is bound by the Company's charter [M&AA] under the British Company Law which described the qualities of a good managing director (CEO) as one who tempers zeal with astute business sense, who seeks the best options as an EXPERT MANAGER and not just take the comfortable ones, who serves the general body of shareholders and not just the majority institutional ones (minority protection), and who approaches his task with humility.” We have a good geologist but not a CEO that the company very badly needs at this juncture!

[kemismelt] 06/7/2020 03:08

Perfect Choice5 Jul '20 - 17:41 - 7830

" So these Kemi posts indicate he wanted to do a deal with JAY last year for the Sisimiut smelter (what is its status and suitability for ilmenite as can only find reference to a proposed aluminium smelter with Alcoa at Sisimiut around 2008-12? Does it exist today?) ". PC, your assessment is uncharitable to me as usual. Your comparing my 30MW self-contained hybrid ilmenite Sisimiut smelter to a large 1000MW aluminium complex is based on your ignorance and lack of needed homework! My Sisimiut smelter proposal never mentioned the need of any large high-voltage grid connection which is unavailable in Greenland.

Let me take a pot-shot at you. Do you honestly think that a 450ktpa low TiO2 ilmenite MSP is going to work in remote Stensby Land? Please study the difficulties that Hudson is facing after putting in millions of dollars.

[perfect choice] 05/7/2020 17:41

Well for a non-revenue earning company, timely fund raising is required to continue exploration and investment operations. JAY is also not a one trick pony (i.e. all focus on Dundas only) for investors and I consider the multiple prospect approach is entirely right for JAY. Dundas may well be the most immediate focus and requires primary attention, but not the only attention. So these Kemi posts indicate he wanted to do a deal with JAY last year for the Sisimiut smelter (what is its status and suitability for ilmenite as can only find reference to a proposed aluminium smelter with Alcoa at Sisimiut around 2008-12? Does it exist today?). Could be somebody on a single cause agenda it seems to me which I would be very careful of even though from their perspective it may seem right. While Dundas is the most immediate commercial prospect, discounting prospects like Disko and others would be a dangerous approach for JAY and its longer term share value, especially with the prospective land grab that seems to be around right now, which takes precedence in my books.

What we do know right now is that JAY have a signed MOU "with a multinational commodity trading firm and major ilmenite market participant targeting 200ktpa of ilmenite as part of ongoing commercial discussions" Now that is only a "MOU" (so not a committed commercial agreement) and also half of the targeted Dundas output, so even if ultimately progressed to an off-take agreement or some form of investment JV, there is room for others to secure deals if they wish.

Think it is also worth mentioning the appointment of Per Buhl Olsen as a Non-Executive Director of Dundas Titanium A/S, Bluejay's 100% owned subsidiary which owns Dundas. To quote the January RNS "Per Buhl is an experienced Investment Manager and finance professional with significant corporate experience. Based in Nuuk, Greenland and on the board of several companies he is very well-connected in Greenland and is a skilled negotiator and analyst with a deep knowledge of the country's society and politics. Per has worked with several Danish and Greenlandic banks, including Bank Nordik and Bank of Greenland and is a graduate from the University of Greenland and Business Institute Denmark." So in terms of local Greenland business liaison and negations, he sounds the man who will make s significant contribution for getting everything in place "locally". The art of a good CEO is to make sure you bring in the experts you need, not to be the expert in everything yourself.

As we stand right now, Covid has had added around 3 months delay to the Dundas exploitation licence and wiped out this years maiden drilling for Disko and Kangerluarsuk so will be pushed in 2021 season, which ironically gives more time focus on Dundas, be it the public consultation phase is an extended and fixed period so we have to wait for it to complete. Disko is fully expected to go the earn-in partner route as well with JAY ultimately taking a free carry role. So I will be interested in the outcome of current negotiations with the unnamed potential partner as indicated during the AGM Q&A but naturally no detail given due to confidentiality.

[bigboyblue] 05/7/2020 06:40

The investment was in JAY, but with Greenland Venture having a seat on the board of Dundas. It is clear that part of the fundraise was to see the company through the remaining stages of the permitting process. Whether or not that was a legally binding condition I don't know, but I suspect that is irrelevant as it is the company's priority anyway.

I agree with dhb about Dundas (and hope we are right).

Your comment about management school is understandable.

[kemismelt] 05/7/2020 05:36

Snowyflake29 Apr '20 - 20:54 - 7588

This was your post: " RM 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 ".

Sometimes I wonder whether RM went to any management school. I am still not clear in which corporate entity was this investment. In JAY or DUNDAS?

[kemismelt] 05/7/2020 00:40

dhb3684 Jul '20 - 23:44 - 7826

No, it will be just a sad story of missed opportunities if I DON'T HURRY, even now, with my >45 years of association with the only cost-effective value-addition to less-weathered ilmenite (like our <47%TiO2 DUNDAS ore). I have already missed a carefully cultured global syndicate of investors for the US$700m needed for the Sisimiut smelter due to unreasonable stipulations by RM who is not a good project manager, being only worried about his position. Please read my previous posts on subject last year.