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Share Name Share Symbol Market Type Share ISIN Share Description
Bluejay Mining Plc LSE:JAY London Ordinary Share GB00BFD3VF20 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 1.21% 8.36 7,523,379 16:45:11
Bid Price Offer Price High Price Low Price Open Price
8.22 8.85 8.84 7.60 8.09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.81 -0.21 81
Last Trade Time Trade Type Trade Size Trade Price Currency
16:45:11 UT 7,378 8.36 GBX

Bluejay Mining (JAY) Latest News (2)

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Date Time Title Posts
21/4/202116:39BlueJay. Pituffik Superstar10,313
02/12/202014:25BLUEJAY - Into production1
13/12/201916:34jay10

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15:45:118.367,378616.80UT
15:26:358.6211,600999.92O
15:24:498.2651,3444,242.30O
15:21:208.8429,2922,589.41AT
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Bluejay Mining (JAY) Top Chat Posts

DateSubject
21/4/2021
09:20
Bluejay Mining Daily Update: Bluejay Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker JAY. The last closing price for Bluejay Mining was 8.26p.
Bluejay Mining Plc has a 4 week average price of 7.60p and a 12 week average price of 7.60p.
The 1 year high share price is 15.75p while the 1 year low share price is currently 3.41p.
There are currently 971,629,460 shares in issue and the average daily traded volume is 2,512,937 shares. The market capitalisation of Bluejay Mining Plc is £81,228,222.86.
21/4/2021
14:18
lovewinshatelosses: Solid video and more valuable in terms of managing sentiment than a 'we know of no reason for the share price decline' type RNS that sometimes gets released in these situations. I am inclined to think that seejay may be correct however, because until we get clarification on funding specifics, the market is likely to quickly return us to the red. Especially in globally jittery markets. That is why I have held off buying anymore just now - but I am pleased they released the video and I hope they will continue in this vein going forward. I also would be delighted if we had found the share price floor today and I never got the chance to top up sub 8p ever again. GLA and welcome to any new holders who have joined us today. Hopefully we will all do very well from JAY in the next 12-18 months and beyond.
03/4/2021
17:24
perfect choice: In line with others, I have really appreciated your input on this board bbb, your research has been excellent and found information I certainly would not have, so really grateful for your input and thank you for your contribution. Notice you say you shall continue to post observations (positive and negative) if you think they're relevant and will sit on the sidelines waiting. So as I am ultimately expecting, I do expect to see you back as an investor in the not too distant future. Agree March's chart looks poor but I've expressed my view of end year selling. This may not help those still in a paper loss situation I appreciate, but lets not forget JAY has actually come a long way over the past year. Thursday was the last day of trading this finance year with the early Easter break. That 8.9p bid price was in comparison to a 3.55p bid price exactly 1 year ago. Now admitedly that price a year ago had the impact of the stock market drop due to the pandemic, but that is a 150% growth from that low point, we've also secured the exploitation licence for Dundas (a major achievement in Greenland) and a MDA with a major partner for supply when production finally commences. So its actually been a decent year compared to where we were. Not saying everything is right though and time to bite the bullet on one negative in that I would say events this year with the delay of access to the Country, plus I suspect slower progress behind the scenes due to the election, will mean Dundas will not have a full year of production until 2024. Maybe a chance of some start up capacity in H2 2023 but only a chance. Other than that then its 2024 which is the date our new CEO Bo stated in the last press article I note. Lets not forget Disko as well, I believe we have our target partner but there is probably no urgency to sign an exploration and development JV until we know what can be done on the ground. There are drill ready targets to commence but until access to the country can be gained, simply nothing can happen. JAY can plan as I am sure they have, but they're just stuck until they can invoke those plans. We're probably going to hear something out of Finland with both the Rio earn-in JV and Jays own drilling activities, but all really early stages. Thunderstone is also mothballed for a few years after initial ground work proved it is a viable project to continue (see 22nd Sept 20 RNS). Not quite sure about Kangerluarsuk. May be it will be covered under the Disko drilling programme but at JAYs own cost (as a small volume of initial drill targets) or just held back for now. But as before irrelevant until JAY can get their drilling partners into Greenland. Other factor that needs to be considered on the news front is that I am certain the company is taking as more cautious approach to issuing news and will only say when they can be sure. So gone are the days of RM "easy forecasts" of what is next (which I'm happy with) and we will now seek news when it is firmed up. Agree we are close to announcing the financial plans for funding Dundas in full, but until the "last cog" is put in place, it will not be announced. Also with the mining and closure plans, where we will not know approval until the Company is sure of no slippages from the approving authorities. We're going to have to get used to getting news when it's secured going forward IMHO. So that is my take on how I see things are right now and appreciate individuals will make up their mind to stay with JAY or move on. If access to Greenland doesn't improve very soon, then 2021 may be another frustrating year for JAY and its holders for actual practical progress on the ground. JAY can plan and firm up areas like funding but invoking plans may be a challenge yet this year. I hope they can get some done at least in 2021 but we will just have to see. Ultimately I still have no doubt of JAYs significant share value potential, but its the old game of knowing which year that is! I'll be interested in how trading goes in the first few weeks of the new financial year, plus anybody else wanting another 150% gain for 2021-22?!
15/2/2021
11:50
mirandaj: Bluejay Mining* (JAY LN) 10.22p, Mkt cap £99m – US$208m letter of interest in debt funding from the Export-Import Bank of the US STRONG BUY - Valuation raised to 40p *Bluejay Mining have received a letter of interest for US$208m in debt funding for the capital cost of the Dundas Ilmenite project in Greenland. *The Offer by way of a Letter of Interest is from EXIM, the Export-Import Bank of the United States. The repayment would be over a maximum term of 8 years and 6 months.. *“Bluejay is also advancing discussions with European Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.” *“The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent Executive Branch agency with a mission of supporting American jobs by facilitating the export of US goods and services.” *Potential 1.46% Interest rate: There is good reason to expect the interest rate on funding through EXIM Bank to come through at a similar rate to the 1.46% rate proposed to Ironbark for up to $216m of funding for its Citronen Zinc-lead project in the north of Greenland by EXIM. *The Dundas mine site is close to and within line of site of the strategic US military airbase in Greenland at Thule. Prices: Titanium minerals sands (Ilmenite) prices climbed higher in January to US$240-260/t reflecting ongoing strong demand for ilmenite feedstock in an already tight market. *Ilmenite prices rose from $230-350/t in early January and from $200-230/t a year ago. *Rio Tinto’s RTIT subsidiary in Canada has a bulk sample to process in their furnaces from the shipment of 44,000t of sieved ilmenite ore from the Dundas mine site. Optimisation: Bluejay continue to optimise elements of the Dundas mining project with aim of reducing the cost of the construction and process plant commission. The process plant is relatively simple from a mining perspective requiring sieving, spirals and magnetic separation. *The mine’s remote location is similar in many respects to many other ilmenite mines with equipment and supplies shipped and landed to the Dundas mine beach site though sea ice will prevent shipping through the winter months. *Valuation: We are raising our valuation in Bluejay Mining to 40p from 24.7p through reducing our applied discount rate on the Dundas mine to 6% as we see the EXIM Bank letter as significantly de-rising the project. Recommendation: We are raising our recommendation to STRONG BUY as a result of the potential offer of significant low-cost funding for the Dundas ilmenite project. Assumptions: We have also reduced our mine financing interest rate assumption to a blended 5% rate. We have not dared go as far as to apply the 1.46% rate proposed for Ironbark’s project in Greenland as the cost of other elements of the mine financing may be more expensive. *We have further raised our assumed ilmenite price to the current US$250/t. We assume 70% of the ilmenite concentrate is shipped to Asia with the remaining 30% shipped to North America or Europe. Reports indicate that spot ilmenite prices have risen to >$300/t cif in China. Demand growth: Sales at Chemours’ titanium technologies business saw a rise of 8% in volumes last year primarily driven by titanium dioxide sales driving a 2% increase in division turnover. *Chemours, a major consumer of ilmenite and producer of titanium dioxide for paint and pigments, announced EBITDA growth of 22% last week at $879m for 2020 while raising expectations for EBITDA earnings for 2021 to $1.0-1.15bn. *Conclusion: We see Exim Bank’s letter of Interest as a significant step forward in the financing and de-risking of the Dundas project as it indicates a level of interest by the United States government in the project. The low 1.46% interest rate offered to Ironbark appears typical of the low-cost financing offered by EXIM Bank on behalf of the US government in order to increase its presence in Greenland. *SP Angel act Nomad and broker to Bluejay. The analyst has previously visited the Dundas Mine site in Greenland as well as the Enonkoski mine site in Finland.
28/1/2021
21:45
perfect choice: But if we are being played, being played at what graham10k and rougepierre? First time I've ever held a share where a Director sale has actually been ABOVE the market price and directly to a new II. It's new territory for me. Got a few ideas of course but nothing to really know what is actually the reason. It could possibly be some type of arrangement to agree to buy a first batch at a higher price then buy further at a lower price like now? Is it linked to a placing, but then why buy at the higher price at all, as would buy in the placing (which I understand is absolutely not the intended situation right now)? Or are we assuming the II has just been caught out? They wanted shares now and felt buying 20M in the market would just push the price up too high "at the time", so did the deal at 14.5p. But a Director sale even in this situation brought out the knockers/ shorters or just unsettled holders to push the price down through repeat days of majority sells and that new II is probably thinking "why did I go in with this deal to buy at 14.5p when I could have bought cheaper" - they don't always make the right decision! No idea if either are right or anything else is the reason and I have seen another possible explanation from another poster on another BB which may we'll be valid, who is to say. As said this is a new one on me. Still don't know the identity of this II but if they do buy more, we should eventually know. From what has been "indicated" for those closer to the company, they have known JAY for some time and the approach came from them. But even those snippets do not mean much to indicate the cause of the slightly strange situation the JAY price is at right now. To me it just means an unexpected opportunity to top up, be it actually increases my average buy price now, but below 10p sounds good enough to me to buy.
16/1/2021
20:23
perfect choice: Wouldn't quite say I have JAY in my veins graham but when I do invest I do tend to be thorough if I regard the investment a medium term holding for me, which I do for JAY. From your post you've been in JAY for a good few years and totally get it in terms of feeling there have been false dawns with this share, as there certainly has been and agree with that. But I do think on the Dundas side the biggest hurdles are finally behind us apart from the one now in terms of the implications of Covid delaying progress. So appreciate if I talk of full production in 2024 (with partial production in 2023) it does sounds a bit of jam tomorrow still, as we have been here before on expectations Dundas would soon start generating revenues. Its been stated that Ilmenite stock in Quebec should generate around £1.25M for JAY if they sell it. So I do expect some near term cash generation but not to the proper production revenues where profits of £25-35M is forecast. But right now yes we are at least 2.5 years away from even starting that run-rate. It is what it is. But in terms of JAY valuation its not just about revenues but assets as well in the form of viable resources discovered. That does impact on a company share price for which I've posted this link before - H ttps://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/ Dundas in now in that institutional/strategic investment phase through to operating mine but that trend will not be completed until 2023-24. But some people may also say Dundas is in that dip after orphan period as Dundas is not generating cash. So what is there to drive share value in the mean time? To me, that is the likes of Disko and Kangerluarsuk where they have reached the stage ready for initial drilling, so about to start the speculation stage and that contributing positively to share value. This is one key reason I feel in 2021 JAY's price will have a trend upwards, be it every share has peaks and dips, so expect that like ours new posters has highlighted a 1-2p drop, which is in fact what has happened since the beginning of this year after the big news on Dundas late December. Am I certain the upward trend I state is going to happen? Certainly not, it's my own expectation and why I hold here and top up on those dips. Is everything JAY announces going to help the share price? No, so pending results from Thunderstone for example will be interesting, but just provides the justification for the next stage of discovery or to tempt a partner in. The issue with buying into resource stocks is their timeline, its certainly hard to predict, apart for the general rule that the timeline as shown in that link is a 10-15 year cycle with gains and set backs on the way and certainly not every prospect gets to the stage of being commercially viable. We all don't get that right, I haven't in the past and been too early into resource stocks. I have been lucky on timing with JAY I admit and bought loads in the dip early last year where the price dropped back to around 4p and so sit on a nice profit while I know there are others still waiting to get to their break even point. But to think JAY is endlessly going to drift back to low prices is simply not going to happen IMHO. Let's not forget we have a new major investor who has just taken 20M shares in an off-market transaction and wants to buy more. In fact I wonder if they have started that already with a few 500K trades seen? I believe they want to buy something like a further 10M shares which would make them a notifiable holder. So with plans like that I expect JAY to have peaks and lows as any share does, but I do expect it to maintain reasonable trend upwards across 2021 with pull backs as there always are. Thats it from me now on my thoughts, TTFN.
16/1/2021
16:33
perfect choice: Yes don't take my earlier post as negative, that wasn't the intention at all, it was stating the current situation which is not actually new so if anybody didn't realise the dates stated, please check the sources stated. You gave a link to the Dec-20 H&P research update bbb but H&P actually stated the same FY23E for full production/revenue in their 9th Oct-20 research note so its been that for some time. In fact if you look at share price Angel notes they work their valuation model based on starting with 438Ktpa in 2024 rising to 641Ktpa in 2027. So both H&M and share price Angel assume full capacity production in 2024 onwards, nothing new here. Now is there the possibility of anything before then? Well yes there could be. There has twice been talk of the possibility of earlier supply of what would have to be less refined Ilmenite (so would have to be finished elsewhere) and lets not forget there is 400Kt of Dundas Ilmenite sitting at Quebec with a pilot plant for final refinement which will be up and running again when JAY can get people in there again. Cannot be too specific of timescales right now but just highlighting there is a distinct possibility of earlier supply when they can get into Dundas/Quebec again. In the mean time, as has been pointed out, there are plenty of progress news items to come just on Dundas and certainly the cost optimisation output plus financing arrangements (by end H1 2021) are key items. But we will also hear progress of the post-exploitation licence stages and lets not forget there is still another off take agreement anticipated. Now on top of that from Dundas, we have Disko & Kangerluarsuk, where RM in the very recent USA investors presentation, stated the authority has approved the drilling for 2021 (so expect that subject to access approval), Disko earn-in partner(massive news if comes out), first results from Thunderstone field work completed Q3 2020, Finland Hammaslahti copper-zinc-gold-silver mine field work and drilling results, etc, etc. So don't expect H1 2021 to be quiet for JAY and for the price to drift, plenty of value enhancing news within that batch to come. This is not a one prospect company.
15/1/2021
07:29
monet: Very good news RNS Number : 7752L Bluejay Mining PLC 15 January 2021 Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining 15 January 2021 Bluejay Mining plc ('Bluejay' or the 'Company') Link to view the announcement in full including all figures: hTTp://www.rns-pdf.londonstockexchange.com/rns/7752L_1-2021-1-14.pdf Enonkoski Project Joint-Venture Agreed and Commencement of Exploration Programme with Rio Tinto Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce that it has been notified by Rio Tinto Mining and Exploration Ltd ('Rio Tinto'), that the remaining conditions have now been satisfied for the commencement of the Enonkoski Project joint-venture and earn-in agreement, announced 10 November 2020. The Company received Rio Tinto's notification of satisfaction for the joint-venture and earn-in agreement on 8 January 2021. Additionally, the Fieldwork Programme ('Field Programme' or the 'Programme') at its Enonkoski nickel-copper-cobalt-platinum group elements ('Ni-Cu-Co-PGE') Project in Finland, as part of the joint-venture & earn-in agreement with Rio Tinto, has now commenced. Field Programme Highlights -- Commenced relogging and reassaying of historical diamond drill core at the Geological Survey of Finland's core archive -- Tromino data acquisition complete via two surveys - awaiting data interpretation -- Commenced detailed ground magnetic surveys of two near-mine areas, Tevanjoki and Laukunsuo -- All exploration activities are being conducted with strict COVID-19 protocols in place Thomas Levin, COO of FinnAust, said: "I am delighted to inform the market that we have received confirmation that the remaining conditions for the commencement of the joint-venture agreement with Rio Tinto have been met. As much of the due diligence work was completed prior to signing of the JV agreement, I am pleased to see that we have together been able to quickly move forward with the near-mine geophysical surveys and other data acquisitions all aiming to further refine targets to be tested by drilling in 2021. "The Enonkoski belt has remained significantly underexplored although it hosts two historical nickel, copper, cobalt mines that were in operation in the 1980s and early 1990s. We have acquired most of the historical data from the belt and new ground and airborne geophysical surveys have been conducted. Diamond drilling conducted by FinnAust less than 1.5km southeast of the closed Enonkoski mine intersected a nickel, copper mineralisation at shallow depth proving that also the near-mine areas are underexplored. "I am incredibly pleased with the method and efficiency we have been able to commence the exploration activities and I would like to thank the Rio Tinto Mining and Exploration Ltd team that has been involved in the planning and execution of the ongoing Programme. The near-mine targets we are focusing on during these early-stage activities will be ready to drill after completion of the ongoing geophysical work, and we will simultaneously be reviewing the entire Enonkoski belt with the aim of generating new exploration targets. I look forward to updating the market in due course with respect to the progress of the exploration." Fieldwork Programme at Enonkoski A detailed ground magnetic survey is currently being conducted on two near-mine areas northwest and southeast of the historical Enonkoski Ni-Cu-Co mine that was operated by Outokumpu Oy in 1984-1994. The survey is conducted with 20m line spacing on the Tevanjoki and Laukunsuo target areas (figure 1) not covered by detailed historic ground magnetic data. The main aim of the survey is to enhance the resolution of the existing magnetic data and consequently generate targets to be tested by drilling. Two Tromino trial surveys totalling 83 stations and 50m station spacing have been completed on the Laukunsuo area in December 2020 and January 2021. The data is currently being interpreted and the aim of the study is to identify the thickness of overburden cover in the project area and understand if the overburden depths received from the Tromino surveys are comparable with the data from the historic drilling in the area. This will help in determining the optimal Tromino acquisition recording time and production rate in order to complete a passive seismic survey over a larger survey block on the Enonkoski belt if the results from the completed surveys are favourable. Figure 1. Location of the Tevanjoki (2) and Laukunsuo (3) ground magnetic survey areas along strike from the historical Enonkoski mine (1), background is an airborne magnetic image, and the old mine site is covered by detailed ground magnetic data. Finland Overview Bluejay holds, through its 100% owned Finnish subsidiary FinnAust Mining Finland Oy ('FinnAust'), three large scale project areas in East Finland - the Enonkoski Ni-Cu-Co-PGE project, the Hammaslahti copper-zinc-gold-silver ('Cu-Zn-Au-Ag') project, and the Outokumpu copper-cobalt-gold-silver ('Cu-Co-Au-Ag') project. For further information please visit hxxp://www.bluejaymining.com or contact:
12/1/2021
17:19
graham10k: Yes Erric, the decline may well continue given that whenever supposed "good news" is released the share price takes a kicking. I have my own opinion re. the 20m share deal which I also attach to the faux release of the RIO note many months ago- to help the share price and its failed on both counts. Cinicle I know but it fits the reality of events. How can so much "good news" result in so much share price despair? As you can guess I'm well and truly hacked off with JAY having held for several years. The only consolation is that it's stopped me losing money on some other "greatest thing since sliced bread" company. Rant (again) over.
05/1/2021
11:31
monts12: Bluejay Mining* (JAY LN) 12.16p, Mkt cap £118m – Board reorganisation sees Dr. Bo Møller Stensgaard takeover as CEO with McIllree taking over as Chairman BUY, Valuation 29.4p • Bluejay has reorganised its board so that Dr. Bo Møller Stensgaard, Bluejay’s Chief Operating Officer can take over as CEO. • Bo Møller Stensgaard has been leading the Dundas ilmenite project in Greenland and is well placed to take the project through funding and development. • Bo’s connections within Greenland and Denmark should help with the organisation of multilateral funding from the Greenland, Danish and EU to support the offtake and project finance. • Bluejay continue to optimise the Dundas project with the expectation of firming up and reducing the $245m capital cost of the project. • Mr. Rod McIllree has moved to Executive Chairman of the Board, while Mr. Mike Hutchinson becomes a Non-Executive Director and Chair of the Remuneration Committee. • Ian Henderson is retiring from his non-executive board position while Mr. Peter Waugh, a respected titanium market expert, remains a Non-Executive Director. • Share transaction: Rod McIllree was also reported to have sold 20m shares yesterday at 14.5p representing a significant 2.225p/s premium price to the previous closing price via an off-market transaction. ‘The purchasing entity has also expressed an interest in acquiring further shares "on market" during 2021.’ • McIllree continues to hold 7.69% of Bluejay shares. Conclusion: We see Bo Møller Stensgaard as well placed to lead the Dundas project and company forward with his local and multilateral connections. It is also good to hear that the purchasing entity which bought Rod McIllree’s shares is interested in acquiring more stock during 2021. *SP Angel act Nomad and broker to Bluejay. The analyst has previously visited the Hammaslahti, Enonkoski and Outukumpu mines in Finland as well as Bluejay’s Dundas mine site in Greenland
31/12/2020
22:18
mirabeau: Wed 30 Dec Bluejay Mining* (AIM:JAY) 12.33p, Mkt cap £120m – Research & Development Tax Credit BUY, Valuation 29.4p Bluejay Mining report the receipt of a £264,775 R&D cash rebate from the UK government for scientific research. The research was carried out on the Dundas ilmenite project over the last two field seasons. Eric Sondergaard, the Geology manager at Bluejay in Greenland is to continue to evaluate future strategic R&D credit opportunities in the area as he plans the exploration campaign for 2021. Bluejay’s qualification for the funding indicate the company has passed a number of checks to qualify for the finance and also highlights British government support for R&D in the resources sector. Bluejay recently received approval for a full mining license at Dundas from the Greenland government. The new mining license enables Bluejay to finance and start construction of the 440,000tpa Dundas ilmenite mine.. Management recently also announced the expansion of their offtake agreement with a large and long established Asian conglomerate for up to 340,000tpa of ilmenite concentrate. The pricing of this will be close to the prevailing ilmenite price at the time of sale, currently at ~$240/t and rising. Optimisation of the project feasibility in Greenland should hopefully reduce the estimated $245m capital cost and may also cut forecast operating costs. Dundas is a relatively simple project in mining terms. Ilmenite will be dry-mined off the beach and concentrated using simple gravity and magnetic separation. The very high grade and clean nature of the ilmenite at Dundas should make this a relatively simple project in mining and processing terms. Bluejay had previously shipped a bulk sample of ilmenite to Canada for Rio Tinto Iron and Titanium. This sample was concentrated further in preparation for a smelter test at RTIT. The sample is worth around $1.25m. Conclusion: We expect Bluejay to finance the Dundas titanium mineral sands project next year with strong support from multilateral and government agencies along with project and offtake finance. The company is also developing a number of other exciting exploration projects in Finland and Greenland. *SP Angel act Nomad and broker to Bluejay. The analyst has previously visited the Hammaslahti, Enonkoski and Outukumpu mines in Finland as well as Bluejay’s Dundas mine site in Greenland. -
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