Bluejay Mining Plc

-0.075 (-2.96%)
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
  -0.075 -2.96% 2.46 478,687 11:48:52
Bid Price Offer Price High Price Low Price Open Price
2.48 2.54 2.60 2.40 2.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Metal Mining Services 0.00 -2.71 - - 26.06
Last Trade Time Trade Type Trade Size Trade Price Currency
11:42:38 AT 3,030 2.46 GBX

Bluejay Mining (JAY) Latest News (4)

Bluejay Mining (JAY) Discussions and Chat

Bluejay Mining Forums and Chat

Date Time Title Posts
28/5/202305:42BlueJay. Pituffik Superstar11,764
14/2/202308:21BLUEJAY - Into production21

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Bluejay Mining (JAY) Most Recent Trades

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Bluejay Mining (JAY) Top Chat Posts

Top Posts
Posted at 22/5/2023 16:15 by lovewinshatelosses
Looks like I am not the only one that has got fed up with the lack of progress since the abandonment of the (quite frankly already rubbish enough) loan deal. Clearly they did not have an alternative method of finance arranged, or we would have been notified before now. Maybe the share price action is simply front-running the now agreed price? I do not care either way.
Anyway, I have now cleared out in full. The above criticism plus the lack of inside buying....I feel that I have given the new guy more than enough time to prove he is not cut from the same cloth as Bo and Rod. If this is proven otherwise at some point, I may return. If not, good luck to you all. I hope you enjoy prosperity, where you may find it. Especially when it comes to the important commodities in life (friends, family and health, naturally).

Posted at 14/5/2023 12:20 by lovewinshatelosses
I hope you are right. I thought that share price Angel sold the shares acquired in JAY back in 2018 or so, but my memory could be wrong about that. Anyway, unless the financing solution is considerably superior to the dreadful CLN mess that Bo or JE rustled up - then I am yet to be convinced that things can only improve. For PI's anyway. We will see soon enough, but IMO few investors are going to part with much, or anymore, of their hard earned money, unless JE and Bo do similarly at least. Preferably the other directors as well. That will be my position anyway. That I still have circa 70% of my original holding left shows I am willing to give them one final chance. They will have had more than long enough to show this is worth investing in by that point. Historically, when I have backed a company, I tend to work on the basis of rather giving them too long, rather than not long enough. Therefore, when it is wrong to do so, it can be very costly. My investing strategy is different now, certainly as far as AIM stocks go, but this and a couple of other legacy holdings are getting a little more road...for now.
Posted at 17/4/2023 12:49 by the count of monte_cristo
Like I mentioned when JAY had it rock bottom a few weeks ago, the sell off was overdone and unwarranted and mostly due to the negative global sell off and market sentiment.

The potential upside from this summers exploration is very significant and exciting. Just that the market can't see more than a few days ahead, yet the potential speculative aspect for oversized returns is just a few months away, IMHO.

The share price was 5p back in Feb, is the company in a worse/better position now than then? I would say it is in a better position and sentiment is returning to these explorers.

Posted at 14/4/2023 14:20 by erric
I do hope that KeithOz on the LSE site does not mind me reproducing his post on this BB.

“ I first bought JAY shares about 6 years ago, my interest was solely the potential for Disko-Nuusuaq. I thought that Dundas would be sold on, and ascribed little near-term value to the Finnish brownfield sites. After years of management incompetence and/or mendacity, I gave up and sold out to invest in more compelling opportunities, but kept a close watch for progress. At the moment the market appears to think that JAY is a dead duck – not so much a case of flying under the radar, but crashed and burned in full view. Two weeks ago I bought back in bulk, this is why.

* There has been a long-overdue management change at the top.
* The share price hit and started to climb back above the CLN Floor Price.
* Maiden drill programmes are fully-funded at both D-N & Kangerluarsuk.
* I believe that a detailed announcement covering both D-N & KLS will be made before the end of this month.
* Some large share purchases were made this week.

Some here are doubting that a D-N programme will go ahead at all - I think this is an unmissable opportunity - my views are based on having a geology degree, worked as an exploration geologist, and then moving across into business development for a major player. D-N is quite simply currently one of the largest and best researched opportunities in the world. The quantity and comprehensiveness of geophysical & geochemical evaluation already performed is astounding for a company with a market cap of £35M. Take a look at the RNS's of 14 Oct 2019, 4 Feb 2020, 09 Aug 2021, 24 Mar 2022 & 11 Apr 2022.

I estimate that Kobold spent around $6M last year, and have a similar amount still to spend before they secure their 51%. They are now at the stage that the data needs to be verified by drilling, there is no reason to delay further. KLS is also due to be drilled this summer, full details will be released soon. The two projects are only 75km apart at the closest point - it would make logistical sense to do the two sets of drilling in parallel. Since the targets for both are now very tightly defined, it may be more efficient to use RC drilling for the first few hundred metres, then diamond drilling into the target itself in order to obtain assayable core. My guess would be initially six holes in each project this year, assay the cores and assess the petrology, mineralisation and structure, then return next year to the best targets for detailed evaluation.

JAY's costs at KLS will be unlikely to exceed $2M this year. Depending upon results at both projects, there is another $4M available from the CLN arrangements for follow-up work – it is likely that Kobold will have spent the full $15M by the end of this year, so further work on D-K will require JAY to co-fund if they are to retain their holding at 49%. A decent discovery this season at either project should give a significant boost to the share price, enabling a more conventional capital raise.

Posted at 24/3/2023 13:30 by prosandcons
You say (11699): "I am after Greenland ILMENITE which @US$180/MT still projects a good business case for a captive mine around 115ktpa to a local smelter. Nothing more."

If you haven't already contacted Rob Edwards with your idea of a smelter plant in Greenland for the Dundas project, please don't bother as he has revised the concepts for the project as follows:
NEW CONCEPT: Dry-docked barge-based processing plant and infrastructure with fabrication and commissioned off-site Dundas.
ADDITIONAL NEW CONCEPTS: Conveyor systems, new more simple mining method and alternative method for ore preparation stage. Renewable energy being considered. These are the key proposed revisions to the project:
- Dry-dock barge-based infrastructure
- Better commercial options with respect to the trans-ocean shipping of product to market
- Change to a mining method based on dozer ripping and the use of conveyors (replacing truck-hauling of the onshore mineralised beach sands)
- Alternative method for the ore preparation stag
- Significant reduction in forecast fuel consumption
- Significant reduction in size of the on-site workforce
- Lower cost alternative to construction of the ship-loading wharf
The new concept will make the project lower risk, realisable and resilient.

In the March 2023 Corporate Presentation Bluejay gave more details of the revision to the project - ​click on the link below and ​see pages 14-19. The graphics on page 18 show that it will be a dry-docked barge-based processing plant. No mention, whatsoever, of a smelter plant. When I asked you whether you thought there would be a Bankable Feasibility Study(BFS) for Dundas your reply was 'Yes' (11576). You should know that the Bankable Feasibility Study will be based on the new design for the mine. This means you can forget about your illusive smelter plant in Greenland once and for all.

Rob Edwards has already confirmed that JAY would be making key announcements on the Dundas project between autumn 2023 and mid 2024. They will include, among other things, a revised Mineral Resource Estimate (MRE) and a Final Feasibility Study (Bankable Feasibility Study) for project financing. Since the new design for the Dundas mine will not have a land-based smelter plant in Greenland - you have, sadly, wasted 7 years of your life pursuing that illusive smelter plant for the project. With the new design for the mine already in place the Dundas boat has already left the port without a land-based smelter plant in Greenland - so it's about time for your fantasy boat for a smelter ​plant ​in Greenland to sail off as well to your next fantasy island and spare us from listening to your parrot-fashion​;​ utterings on your illusive smelter plant. As I have said before, let it go and move on, life is too short!


Posted at 19/1/2023 22:54 by perfect choice
Have to disagree with your view point squiresquire, on an equivalent basis I would say Uggy should be allowed to post again, bar one OTT post (the AGM one) he should have been warned about.

Moving onto real news, the following was posted by JAY earlier today, welcome back Joshua Hughes and also a welcome to Maria Orianna Leth. Also found a reply form Joshua on twitter so also copied below. The way its written sounds like it's ready for an RNS statement tomorrow.

Seeing people thinking arestructuring may be back on the cards again as was considered at one point last year, but this one may be different. Rob Edwards starting to do his "stuff" maybe? We shall soon see!

JAY Information:

Bluejay Mining is pleased to announce the appointment of Mr Joshua Hughes as Vice President Exploration, effective 06 February 2023. Mr Hughes, who is re-joining the company, is a professional geologist with extensive knowledge and understanding of the mineral potential of both Greenland and Finland across a wide range of commodities. His appointment will strongly augment Bluejay’s existing exploration capability which has been further strengthened with the recent appointment of Ms Maria Orianna Leth as Exploration Geologist.

Mr Joshua Hughes is an experienced exploration manager and brings more than 13 years of experience in exploration for a diverse range of precious, base, and critical metal deposits in the Arctic, Europe, Africa, and Central Asia. He specialises in mineral exploration programme design, planning, and management and has made his career out of leading discovery-focused exploration teams and drilling campaigns in remote and challenging locations. His previous experience includes working as Greenland Exploration Manager for Bluejay from 2019 to 2021 and as Vice President Exploration of TSX-V listed, Arras Minerals Corp.

In his newly created role as Vice President Exploration, Josh will lead and co-ordinate the Company's technical team and manage all aspects of Bluejay’s exploration programs in Greenland and Finland to rapidly advance the Company’s portfolio of exploration and development projects, as well as undertake new project generation and appraisal. He has a graduate degree in Exploration and Resource Geology from Cardiff University and holds several professional certifications including Chartered Professional (Geology) and Member of the Australasian Institute of Mining and Metallurgy, a Fellow of the Society of Economic Geologists, and a Fellow of the Geological Society of London.

The Bluejay team is also delighted to welcome Ms Maria Orianna Leth to the company as a Exploration Geologist. Maria, a Danish national, holds Bachelor’s and Master’s degrees in geology from Copenhagen University, Denmark and completed her Master’s research in structural geology in collaboration with the Geological Survey of Denmark and Greenland. She has worked for several exploration companies in Greenland and Norway and has experience with supervising drilling programmes as well as logistical and operation experience.

Joshua Reply Statement at https://twitter.com/BluejayMining/status/1615998322254159873/photo/1

I'm thrilled to be returning to Bluejay and looking forward to working collectively with the executive leadership and technical teams to deliver on the Company's technical priorities. The cumulative in-country experience of the Bluejay team is unmatched by any other explorer operating in Greenland. With the recent management changes, I am re-joining a stronger and more focused organisation.

"The quality, scale and prospectivity of Bluejay's exploration assets is compelling. Although Bluejay has traditionally been Greenland-centric, there is significant value to be unlocked at our Finnish battery metal projects, which justifies renewed focus. A key mandate of my new role will be to remove silos and build synergies across our activities in Greenland and Finland that will improve the exploration effectiveness of the group and drive discovery across both jurisdictions. We are embarking on an exciting phase of exploration, with activities planned on multiple projects this year - both with our JV partners at Disko-Nuussuaq and Enonkoski, as well as at several of our wholly owned licences. We look forward to updating the market on our planned exploration programmes shortly.

Posted at 26/10/2022 17:48 by pensionplanner
The Count

Agree. Either you think you can do a great job, get a good wage, then buy some bloody shares like everyone else. The profligate awarding of options is the Bain of AIM.

Too many times its actually incentive to mis targets, often after remuneration committees have already awarded copious amounts of options in anticipation of a target that is never hit.

The share price dives, and the next year another set of options is awarded for actually doing what was supposed to have happened the year before.

If a CEO or member of the Board doesn't think its worth buying millions of shares because of the potential of the company and the effect they believe they will have on the company. Then they shouldn't be there.

You should not get options for doing the job you are paid to do. By all means if you hit share price targets which are the only targets really meaningful to shareholders, there can be incentive, but too many times options are awarded on nothing but thin air, meanwhile the benefits to shareholders are never seen and often awarded after the share price has done precisely nothing or even fallen off a cliff, which means even more options are awarded at a lower price.

For long term plays where it would seem a great investment, the continued engording on options is at the expense of one set of investors: RETAIL SHAREHOLDERS.

Posted at 08/3/2022 07:05 by mirandaj
RNS Non-Regulatory


Bluejay Mining PLC

08 March 2022

Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining

8 March 2022

Bluejay Mining plc ('Bluejay' or the 'Company')

Critical Minerals - ERMA Support Podcast

Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce the publication of a Podcast recording with Bluejay's Chief Executive Officer, Mr Bo Møller Stensgaard .

The Podcast discusses the support for the Dundas Project from the European Raw Material Alliance ("ERMA"), its future opportunities for Bluejay and the implications for critical minerals in these turbulent geo-political times .

The Podcast is available to listen on the following link: https://youtu.be/0fFb0-WAavc

and will later by made available on the Company's website at: https://bluejaymining.com/projects/greenland/dundas-iimenite-project/

For further information please visit http://www.bluejaymining.com or contact:

Kevin Sheil Bluejay Mining plc enquiry@bluejaymining.com ------------------------------ -------------------------- Ewan Leggat/ Adam share price Angel Corporate Finance Cowl LLP(Nominated Adviser) +44 (0) 20 3470 0470 ------------------------------ -------------------------- Hannam & Partners (Advisory) Andrew Chubb LLP +44 (0) 20 7907 8500 ------------------------------ -------------------------- Tim Blythe/ Megan Ray BlytheRay +44 (0) 20 7138 3205 ------------------------------ --------------

Posted at 01/2/2022 15:25 by graham10k
We know what it will take for Jay share price to move (UP) but surely announcements like this should add more value to an already depressed share price Will we ever be flavour of the month?
Posted at 13/12/2021 16:17 by archie222
Greenland minerals (rare earths) is now out of Greenland as a result of the government ban on any radio active substance contamination.


Maybe has something to do with the fall in Jay share price today.

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