Bluejay Mining Share Discussion Threads

[drmaccers] 06/12/2020 19:37

The "MCAP LLC" MM on OTCQB is new, as is the spread they are offering. Excellent

[johnveals] 06/12/2020 13:23

Thanks Mirabeau.

[mirabeau] 06/12/2020 10:53

I don't they are fungible for a private shareholder (tax jurisdictions differ UK, USA) though cross-trading across both facilities maybe possible for 'insiders' but certainly not for the average muppet

[johnveals] 05/12/2020 15:37

Could someone more knowledgeable than me explain whether the shares bought and sold via OTCQB are completely fungible with JAY on AIM, ie is it possible to buy on one market and sell he exact same shares on the other market. And, if not, what is the mechanism for keeping the prices more or less stable across the two markets.

[mike290] 05/12/2020 13:32

Hi Davidv,

Although I obtained the timing information about OTCQB from a PR company, it was not clear what date the expected number of days ran from.

As far as I can see, most (if not all) of the companies active on OTCQB have a first page showing a symbol of a shield, in the top right-hand corner, beside the words "Transfer Agent Verified". Therefore, my assumption is that this Transfer Agent verification process is another stage that Bluejay Mng (BLLYF) has to go through before its listing becomes active. Unfortunately, I do not know how long this stage or any other additional stage might take.

Regards, Mike290

[bigboyblue] 05/12/2020 12:10

Let's see what demand there is and what effect it has on the sp


Is anyone out there a member of the Institute of Materials Minerals and Mining? I'm not but this sounds like it might be interesting:

[davidv] 05/12/2020 10:43

Thanks to Mike290 for pointing out the thirty day delay on trading for Jay on the OTC , looks like we are ready to go now , Jay now showing an updated live price at .

[lovewinshatelosses] 04/12/2020 15:59

This is holding up well for a Friday afternoon. Looking forward to see if we can make new year highs on Monday. Have a good weekend all and thanks to BBB and others for the useful and interesting material shared this week.

[drmaccers] 04/12/2020 15:02

Not today for OTC trading then

[perfect choice] 04/12/2020 14:10

Yes thanks bbb for the link and your insight. I've always thought events and so announcements around Dundas were interlinked but did think the cost optimisation study was more independent and controllable by JAY. However your post has raised a valid point in that the discussions on the IBA may yet change some aspects of the scope and resources for the Dundas operation, so a dependancy for the output of the cost optimisation.

So on that basis I conclude we really have to wait until the exploitation licence is granted as expected this month and then everything else fits in with that, from optimisation through to off-take agreement.

[squiresquire] 04/12/2020 12:07

BBB

Thanks as usual for sharing your hard work, another piece of news is the Optimisation study. This is important to me as the standing figure is Circa 250 million usd, i think the Optimisation could well see this at below 200 million. This would be great for investors as lower Capex is always nice, especially for a start up where we are used to seeing money poured into the proverbial black hole. Also though, and importantly, i think many simply do not understand the simplicity of Dundas mining compared to say Kenmare who have a very complicated process quite before the very expensive other commitments they have such as re-instatement, which JAY simply do not have.

[bigboyblue] 04/12/2020 11:38

This site is worth an occasional look:

It lists jobs throughout Greenland, by sector. As you can see, Hudson Resources are currently advertising 4 posts.

[bigboyblue] 04/12/2020 11:30

Over the last couple of months we've had the Finland news, something of a left field announcement but very welcome. We've also had hints of possible collaborations with one or more parties for Disko; again this is promising, but what about Dundas?

Going back to Rod's July interview he said we could expect news by the end of October on 4 issues: the licence, revision to capex and opex calculations, the offtake and (maybe) finance. This was viewed by some, including myself, with a degree of scepticism, but nevertheless it sounded promising. None of this has happened yet, so what are we to make of it? My take is as follows:

We have had growing indications that the licence is on its way, not least from the PM of Greenland so I don't think there's any worry there. I remain hopeful that we'll have it this month (which in practice probably means in the next 2 weeks).

Likewise, there have been growing indications that there is real substance to the MoU, not least the announcement that the deal is done in principle. I agree with some here who think any announcement on this may wait until the licence is granted.

What of the revision to the financing requirement, after all some of us thought this was the most likely 'quick win' because it was the only issue in our own hands, right? ...well, maybe not.

There are a number of things that could affect a reworking of the sums. Obvious ones included sourcing less expensive capital items and refinements to proposed ways of working. But two areas with potentially the biggest impact are the requirements to use Greenlandic labour and to process in Greenland.

Here is a reminder of the applicable law, from s18 of the Mineral Resources Act:
18.–(1) A licence under section 16 must lay down the extent to which the licensee must use labour from Greenland. However, to the extent necessary for the activities, the licensee may use foreign labour if labour with similar qualifications does not exist or is not available in Greenland.
(2) A licence under section 16 must lay down the extent to which the licensee must use Greenland enterprises for contracts, supplies and services. Other enterprises may be used if Greenland enterprises are not technically or commercially competitive.
(3) A licence under section 16 may lay down the extent to which the licensee must process exploited mineral resources in Greenland. However, minerals may be processed outside Greenland if processing in Greenland would result in significantly higher costs or greater inconvenience.

Taking the labour issue, consider what is available in Qaanaaq (pop c650). Take out the old and the young, those who are unfit, those already happily in work, those who don't want to work, and how many are you left with? You can of course bring in people from other more populated parts of Greenland but they may prefer to work closer to home (Tanbreez, Hudson and soon GGG). So there is probably a debate going on about what requirements will go into the IBA. And look at subsection 3 above. Is is possible that Jay are arguing for processing outside Greenland based on the 'significantly higher costs or greater inconvenience'?

All of this is pure speculation on my part but it would explain the delay. The licence announcement will come with publication of the IBA which will have the answers to those questions. If I'm right we could expect revision to the finance requirements and the offtake news very shortly afterwards.

[antonagis] 03/12/2020 21:19

These are primed for a quick doubling

[drmaccers] 03/12/2020 20:09

You can DMA with IG L2 dealer

[citytilidie] 03/12/2020 19:57

Dr Maccers, Many of the ATs are market maker trades. You can normally tell these by looking out for normal trades closely followed by Automatic trades, exactly or almost matching the amount just bought or sold. The automatic trades are the market makers balancing their books.
If you have a decent stockbroker they can normally put trades on SETs for you (which will go through as automatic trades). Execution only brokers don’t normally provide this service, which is a real pity

[snowyflake] 03/12/2020 18:44

exclusive - will PM or dog and bone.

[squiresquire] 03/12/2020 18:34

Dr Macc

Cheers Doc, we are on a roll.

[drmaccers] 03/12/2020 17:53

It feels like theirs a 25% day coming once 12 is gone here. Might be OTC driven, RNS or simple TA boom. Looks great on every level tho

[perfect choice] 03/12/2020 17:45

Use the filter option DrMaccers, yes good day and clearly the feeling we are building up to something, which must be Dundas, with a maybe on Disko as well. All looking good on JAY right now

[drmaccers] 03/12/2020 17:37

I'll return and ignore Kemi-melter.Fantastic day. Lots of ATs as well. You have to wonder who are their masters.It would additionally be please if to notice some volume on OTCQB when the MMs appear on it in the next few days. Set up well for the weekend.

[xclusive2] 03/12/2020 17:09

Snowy,

Still here and wish my Xmillion CASP were converted into some more JAYS. It's sods low that my biggest holding has a dishonest leadership team but heyho. JAY,PANR/TXP and CRST have been good to me but much smaller holdings.

Busy trying to sell the business but am keeping up with the story and must confess to adding a few last week.

Hope all good with you.

[snowyflake] 03/12/2020 16:46

exclusive2 - good to see you. Hope all is well with you.

[jone06] 03/12/2020 16:45

Nice to close over 12p...first time in a long time. Long may this upward trendline continue