Bluejay Mining Share Discussion Threads

[squiresquire] 29/10/2020 14:34

This from the new US Greenlandic strategy.


The United States and Greenland are encouraging commercial partnerships between
U.S. and Greenlandic businesses, including at the national and local level, across all
sectors, with a specific focus on tourism, seafood and fisheries, and natural resource
extraction, including by facilitating business contacts and raising awareness of business
and investment opportunities among U.S. and Greenlandic companies.

[perfect choice] 29/10/2020 11:04

Perhaps the analogy is its like a dam waiting to burst (of news) but OTC is holding it back! From what others have posted it should be imminent but yes we still wait and yes it could have pushed back news into November as a knock on effect if you believe (as I do) some of the more controllable news is being held back waiting for the Americans to join in with the JAY share holding community.

[summerfield1] 29/10/2020 10:44

When is the OTC Listing going to happen? So much for newsflow in October.

[perfect choice] 29/10/2020 10:32

I'm sure the Americans would prefer to buy into JAY before the news than after it and the price as risen as I fully expect.

Interesting comment DrMaccers and concurs with the RNS statement about this OTC listing being made due to USA investor demand, which appears to already be there based on the information known as squiresquire has highlighted.

They will have to buy stock in the open market so as a buy price it should be around the 10p mark but we will see once OTC listing is finally active.

[squiresquire] 29/10/2020 10:06

kemismelt

I think we have more than half cooked Dundas to show the US. Firstly Dundas has been through some 10 years of development, three years for EIA, SIA and years of altering plans, especially after optimisation ( now mostly understood ). But we also have a century and more of scientific surveys along Dundas, Disko and our other areas of interest. Disko in particular has been known to the scientific community for generations, GEUS has thousands of samples showing a geological similarity to Norilsk. I get what your saying in the sense that Dundas is not yet in receipt of its License but after the Prime Minister / Parliamentary Chairman said the License was to be granted this year many investors would feel Dundas is slightly more than half cooked, maybe the term could be Medium Rare.

[monts12] 29/10/2020 09:47

Well they can have 10% off now, lol

[drmaccers] 29/10/2020 09:37

The 10p placement was meant to be £15mill but only got £11mill as the US funds couldn't take part as needed to buy US listed. So when list on OTC(QB) there may or may not still be £4mill fund money to buy on open market.Then all the other news can be RNSed to both exchanges

[luffness] 29/10/2020 07:59

Please stop posting

[erric] 29/10/2020 07:23

Please don’t shout

[kemismelt] 28/10/2020 23:59

EXPLOITATION PERMIT MAKES SENSE TO PUSH FORWARD, BUT WHY OTCQX NOW? WE HAVE ONLY A HALF-COOKED DUNDAS TO SHOW THE AMERICANS!

[kemismelt] 28/10/2020 10:25

BBB@8532:

Thanks! Good, DUNDAS in not lagging.

[longrod] 28/10/2020 10:21

It has indeed been a long and bumpy dirt road...

[bigboyblue] 28/10/2020 09:51

Not really. 30 years is the standard term for exploitation licences in Greenland. No doubt ours will be the same. In the case of Hudson Resources it took 16 months from filing the necessary documentation in May 2014 to the grant of their licence in Sept 2015 and that was with no covid delay. Ours has been 13 months and will be granted soon.

[kemismelt] 28/10/2020 09:32

HUDSON RESOURCES Inc

Can we learn something from how this company got its 30year lease for anorthosite mining on the same coast!

[perfect choice] 27/10/2020 17:06

Yes if that is all valid you don't want to waste potential news like that.

[moreminer] 27/10/2020 16:30

Thank you Doctor Maccers!

[drmaccers] 27/10/2020 16:10

Never mind

[mirandaj] 27/10/2020 15:25

This may help those who are not sure of what has had to be done and is being done. Bear in mind COVID-19 and its effect. I am sure that some that post here do know all this.

SIA Guidelines - the most recent I could find.

For instance, see page 10 for The process:

[squiresquire] 27/10/2020 13:36

Hi Somerfield

You had said, Not sure the Prime Minister would appreciate being referred to as Chairman! when i posted this it was referring to the speech he made as Chairman of the Parliament, he holds both titles and i guess that as he was opening the parliament his title of Chairman of Parliament was used to reflect his right to announce the opening. I agree though its confusing.

[perfect choice] 27/10/2020 13:16

Agreed DrMaccers, my view is that minimal information will be released until OTCQB is live as you say. I've also stated a view the exploitation licence is holding back news, but if I am correct, which may not be the case, that would only be specific to Dundas news like the agreement RNS today. So other areas of potential news like Disko may certainly be held back pending ITC listing?

[kemismelt] 27/10/2020 13:01

PC@8521:

Are these agreements bankable? The 430ktpa nameplate needs a lot of working capital!

[kemismelt] 27/10/2020 12:49

cititilidie@8415:

'Grin and bear it' seems to be the dictum now! We can bear the delay, but not reading the fineprint in those marketting notes could be more harmful!

[drmaccers] 27/10/2020 11:33

I think there's no news until it can be announced to both UK and US exchanges.Once OTCQB live then likely everything will come thick and fast

[perfect choice] 27/10/2020 10:54

Well exactly as I predicted could happen (post 8517), definitely feels there is an order of events here in place.

Have copied text below from past announcements relating to this definitive purchase agreement, todays RNS is entirely consistent as a market update. Basically expect the agreement to be announced when both OTC listing is done and then exploitation licence is granted, so extensions will appear until that happens.

The key point though is that both parties have agreed to the extension, that means the other party is still wanting to progress as much as JAY is wanting, deliberate manipulation of pending events in the positive sense then!

Half Year Report:
In April 2020, we signed a confidential MOU with a multinational trading firm in the global titanium feedstock market for a prospective offtake for 200tkpa ilmenite and possible project financing. After the period end, we were delighted to announce the extension and increase in potential offtake amount of this prospective agreement for up to 250 to 300tkpa. We will update the market by 31 October 2020 on these discussions and continue to engage with a number of other leading industry players with a view to securing additional commercial offtake agreements.

22nd July RNS:
On the 14 April, 2020 Bluejay announced the signing of a memorandum of understanding with a multinational commodity trading firm who are also a major ilmenite market participant. We are pleased to announce that the parties have agreed to extend both the size of the proposed offtake from Dundas, the Company's flagship development in Greenland by up to 50% from 200ktpa to up to 250-300ktpa and extend the agreement by three months to 31 October 2020 to allow time for a definitive purchase agreement to be completed. The multinational trading firm have also indicated a willingness to participate in project financing for Dundas, if feasible. Dundas is currently being assessed for a mining licence by the Greenland government with a decision expected later this year. Shareholders should note that there is no guarantee that the definitive purchase agreement or project financing for Dundas will be completed.

[bigboyblue] 27/10/2020 10:27

Today's delay is entirely consistent with the licence situation. Assuming all is well, the two should come together.
Good luck Shavian, it's certainly been a long and tortuous journey!