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Re your message to LWHL lets make another point.
The first RNS under the new management did actually say or imply that ALL the assets would be sold so you can see where he/she is coming from.
Now they are selling just 3 assets including the two smallest so obviously a clear change of strategy.
Any reason you can think of for this change of strategy other than LWHL assertion that they can't find buyers ?
Let's put it another way, why did you put that post on re Whitecliff. please ?
Personally I don't see anything ulterior, which I think is what you were hinting at. RM will make more money potentially at JAY. Moreover, the Management don't have enough shares IMO, to force things through at the expense of retail investors.
Re Disko isn't Kobold a major miner ?
LWHL - You say: "They presumably have been trying (for a long time now) to sell ALL the non-Disko assets."
Not ALL the non-Disko assets are for sale. Did you see the RNS on 19 April 2024?
ChirpyCheep - As for White Cliff Minerals, you ask: “Any relevance?”
"No" is my answer, not in the way you might be thinking.
Keep a lookout for the RNS on the Disko update. I have previously and repeatedly stated here that the Disko project will need a major miner at some point to progress and realise its full upside potential with or without KoBold.
They presumably have been trying (for a long time now) to sell all the non-Disko assets.
Perhaps they have simply not had any interest, at any price, for these assets?
A fire sale requires at least some interest, after all.
Please can someone with a deeper understanding of these things explain what is to stop the board of Jay approving a fire sale of assets to (say) Whitecliff over the coming months?
There are no major shareholders to vote against it except for Rod. Are there AIM rules?
Any relevance ?
Next RNS hypothesis:
A- "Potential discovery of new mineral elements in Dundas, nor even yet present in Periodic table"
B-"JAY invited by Apple to contribute for the development of new energy source based on eggnog from Disko chicken farms"
Sounds solid projects to me.
Helium? LOL! this company starts to become a real comedy. I'm waiting for the NR that JAY announces asteroid mining in space before I step in again
Thanks RachT. Might pay it a visit to ease the pain.
It’s going to be a great party at the next JAY AGM. I’m sure Troy can get hold of his mate Chris Fraser’s vodka, Rod will supply the weed and oh look, we will have some helium for balloons and squeaky voice giggles. It’s going to be epic.
Enuff
What's that Skippy? Your stoned? Have you been at the Ganja again?
Apollon is based at Bramhill's company location in Jamaica - Doc's Place, Negril. Some great reviews on FB ;-) for this tourist Ganja hot spot, which is pretty much all it is. No wonder Rod is a fan. Really doesn't appear to be a medical centre lol. But then I'm not as stoned as Skippy.
Link to ganja tourists' magazine article
https://tinyurl.com/ku94ejrj
Sorry Cat, a bit niche with the Skippy stuff. But talking of space cakes..
https://apollon.org.uk/our-products/
Have you looked at the board of directors for Apollon? I’m wondering if Rod had been sampling the merchandise?
The latest RNS on 19 April 2024 had this statement: "This project (Disko) represents the LARGEST POTENTIAL UPSIDE in the company's current portfolio."
A key question arising from this upbeat statement is will JAY succeed in progressing the project to realise Disko's full upside potential with or without KoBold. I have repeatedly said here that the Disko project will need a major miner at some point. Let's see what the impending update says.
Enu, i dont see TV.
I dont get your point, usually i feel like you with 2 slices of Amsterdam space cake.
Circus continues...
“what’s that Skippy? Rod, Eric and John Meyer have fallen down another mineshaft? And CatWithAmnedia wants to fill it in with high grade ilminite that no one else is interested in? Get the shovels ready Skip.”
(Cat, guessing you weren’t brought up in a diet of rubbish UK TV so you might have to Google Skippy The Bush Kangaroo. Top 70s export from Oz, along with Fosters and Rolf Harris).
Funny how the rest of the world doesn't consider Oil & Gas to be environmentally sustainable. Seems like the board of JAY think it is - either that or they're just so use to saying whatever rubbish they can get away with in order to keep the show on the road and their salaries flowing. My guess is that it's the latter.
Hello Catwithamnesia - Thanks for asking, I am very well. How are you?
Here is my short reply to your long post. You say: "Until then we are just talking about things to entertain while some people are making fun of other people's money. It's not the first nor will it be the last time they do it."
Until we have an update from JAY no one knows for sure what the next step is for Disko. I agree with you, what we are doing in the meantime is talking about things to entertain ourselves (as you put it).
Came across this little snippet. In 2021 (while RM and ES were there) Jay stated about Kobold
'..... as being a credible and reliable partner that shares OUR COMMITMENT TO ENVIRONMENTAL SUSTAINABILITY.'
Hello Ashton, how are you?Let's analyze what has happened to see if we understand each other.
Disko has already been studied. There are already geological surveys carried out by the Danes. Ashton, you can look in my previous posts for everything Disko and Dundas might have,
The use of drones and helicopters for electromagnetic mapping has already been carried out by Danish authorities and academics in Scotland and Canada. See the links I sent.
As I have no patience for delusionistic syndromes, I have already stated several times that I believe that Greenland could be a good mining camp but that there are many charlatans and sellers of snake baths.
It's not worth rambling and always having hypotheses, theories and digressions. The truth is this: JAY is a company of crooks, bad managers, with dubious backgrounds and an uncertain future. Repeated changes of directors, staff being fired, staff resigning voluntarily are not normal. I am no longer talking about the harmful management of shareholders' positions, carried out without prior warning. The directors decide what to do behind the scenes and do not listen to the shareholders.
We can continue to play but in reality for many people money is hard to earn and at this moment JAY is synonymous with circus. It is very lucky for certain people to be far from the shareholders because they would probably receive a more Latin treatment given the constant mischief and schemes they invent to hunt for other people's money.
Without being too stupid, what actually happens to the shareholders is:
- some, as Cervantes wrote, continue to see castles and windmills.
- others are tempted to buy a plane ticket and a stick and pay a visit to Jay's headquarters
- others simply accepted their bad decision due to flaws in JAY's analysis and at this moment, with losses above 90%, they accept this loss and watch a spectacle of negligence, idiocy and trickery.
- others still remotely believe in something, just something, positive that will make them recover a little money.
Until then we are just talking about things to entertain while some people are making fun of other people's money. It's not the first nor will it be the last time they do it.
ChirpyCheep - You ask: “Have you been in conversation (with JAY) since?”
Yes, I have, and on two issues: (a) Divestment of assets and (b) Eric Sondergaard’s impending maiden interview.
(a) I am advised that the divestment process is continuing. I am expecting an update soon, given this encouraging statement in the RNS on 19 April 2024: "The Company is in the process of rationalising its current Finland portfolio for further cost savings, and expects to be able to update the market on this SHORTLY shortly."
(b) No indication from JAY as to when we can expect the interview with ES but I have stressed the urgent need to break the radio silence given the fact that since ES' appointment 4 months ago on 20 December 2023 some important decisions have taken place (Expansion of the corporate strategy; Reinstatement of the Dundas 2019 MRE, etc). Disko update is also due. I am hoping that the interview will take place SHORTLY.
Hmmm, JM doing a chat with Justin the clown - is that a fund raise I see coming sometime soon? John M isn't interested in being factually accurate, he's interested in trying to push the sp up to facilitate a fund raise at an sp higher than it is now. SP Angel (for their services) will be paid in JAY shares - they'd like to see the sp higher so they can sell those shares into the inflated price - a price they will try their damnedest to pump up before they dump. They do have a track record - apparently selling their entire holding into the rise created by the farcical 44p target they conjured up. It's so very transparent and predictable.
John Meyer - "Aquiring directly from the government, some oil and gas projects.... or perhaps through M&A".
Erm, bit of a problem there John - it's impossible to get an oil and gas licence from the government of Greenland. The government banned all new licences in 2021. Do your research pal...
Yes LW, the tone is certainly ironic, perhaps sardonic but for sure tongue in cheek. He knows the score here.
Ah, the reassuring voice of JM. Seemingly as bullish on JAY as he was six plus years ago, and SP 90-odd percent higher (and a good many fewer dilutions back then too).
So calm and reasonable his explanations for the latest failure always sound. He could charm the birds from the trees.
Justin strikes me as having the measure of things here though. His tone when posing some of the questions. Something I first noticed a while ago in an earlier interview with JM covering JAY. Anyone else know what I mean?
Anyway, it appears that the same people who were bears, remain bears and the same bulls remain bulls, for the time being.
Thanks for sharing the latest video and good weekend all.