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Investing genius- thanks for your comments.
Perhaps I do actually have an altruistic streak in me and just didn't realise it. I like to see both bull & bear and post what I see.
I note that both you and Techguru are the only posters to actually express an opinion of Strong Buy when you've posted, every other poster (in the last few hundred) doesn't express an opinion, strange that. Your new found enthusiasm doesn't alter the fact that this is a s#t company run by a s##t BODs. Seems to me that you are also an opportunistic traders and are here to do nothing more than to ramp the share.
RachT. I reckon we could make a few quid if we set up a parallel website where I ask the brown nose questions and you give the real world answers. Would need to turn them around pretty quick - like same day, but it would be very funny. Obviously we might have to change a few names here and there. Skippy McIlroy of BlewJoy mining first up for interview..
Hi Rach, i read your posts. If you have made money on this before it should be easy to see this is NOT the time to get bearish at all time lows and £4.4m Market Cap?
There are plenty of negatives to moan about hence why it has dropped from £250m company to a £4m company. This is why we are at these ludicrous levels
Reality is, Rod is the master at turnarounds, he's done it before on JAY. I expect buyers at these levbels to make alot of money in the months ahead.
Long Term invest over years? Nah, nothing on AIM i trust for long long term. But swing trade from these levels absolutekly. Risk v Reward is very attractive
Techguru91 - welcome. Glad you liked Sarah's prescripted show. FYI I'm definitely not a lth and have actually been fortunate to make money by trading this farce several times.
Personally i quite enjoyed the interview. However i have only been invested a few weeks so have an netry at the lows, as opposed to you, which by your tone, i assume you are a longer term investor who's lost alot of money over the months/years
Eric presented himself well, and for sure the team have alot to prove but at £4m Mcap they really don't have to get much right for it to go significantly higher. Rod and the directors were buying up at 0.5p recently and Eric mentioned more buys. Can't argue with that if they put more of their money in at these levels.
Usual pre-scripted and pre-agreed bs from Sarah. She deserves an Oscar. Al, the while she's read the autocue- the way she rolls her eyes and feigns interest makes my want to throw up. The reality is that companies pay TMS to record the advertorial and there is NEVER any hard investigative questions, questions that investors want answered.
There's been pretty limited historical works done on the project' -absolute rubbish, it's been surveyed pretty much every which way over the last few decades.
So there's at least one major interested in this project is there. Well why the hell didn't they get Thule licence themselves - after all it was for free wasn't it? I'm sure if ANY major went to the Greenland Gov.t (instead of Jay) they'd of got the licence if they wanted it.
We have share holder support for all these numerous projects - I don't think so. Just get on with Dundas which you've said is your quickest route to actually making money.
What a corker of a question to let ES say it's a great time to be buying shares- does the fact your own recently purchased shares have halved in value put you off buying more- Sarah, you absolute tart.
'Reduced our work force to align ........' - absolute bs, you had no money to pay them. Eric, talks as much bs as Rod. A match made in heaven.
'If we have to go back to capital markets again' - the fact you are paying for this blimey interview with Sarah tells us you are planning just that pretty soon.
Sandgrove knew exactly what they were doing- but let's put a bs positive spin on it about tax year end bla bla. Where's all the other institutional investors - don't see any of them banging on the door.
My how strange that Sarah didn't point out that the present BOD were the same ones that chose the now discredited diamond drilling programme and wasted loads of shareholders money. Ah, that's right - such a question wouldn't be in her autocue script.
So we previously told everyone we can just scoop the sand off the beach at Dundas but just to eak things out a bit longer (and keep our salaries coming) we're now going to explore the huge sill beneath. Just get the f#####g mine built and start making some money.
Oh Sarah - how predictable, just tell us Eric how wonderful things are with Kobold. No mention of cancelled 2024 drill and Kobold saving $11.6m and losing majority shareholding - what a wonderful investigative journalist she is. LOL.
Once again a complete and utter s##t advertorial by TMS and it's pathetic interviewer Sarah - how anyone falls for this c##p is amazing.
Refreshing to see a new face. Can see a decent turnaround story from here
Seems Copper is the main focus which is great given the global deficit and soaring prices. Helium as well mentioned could be exciting
The Mcap is ludicrous considering the likes of Anglo America and BHP are on their doorstep. Been hit with multiple sellers and needing to raise funds. Looks like the sellers are done and the company is funded for the foreseeable
Can see this multibagging throughout 2024 from these levels
Watch out for some Director buys
The future has never been brighter for Bluejay
“…A project with this size and scale will attract the attention of the majors, of which we know at least one is particularly interested…”
https://total-market-solutions.com/2024/05/bluejay-mining-plc-may-2024/
Sold most of my holding after the last Strategic update. Keeping a few back not because I believe in the company assets and its management, lol, but for the potential change in sentiment drawing in a few new punters. Robs expertise is just that, and managing to do it part time like the rest of the board.
The mention of hydrochemicals and helium made me chuckle. Suppose it is vogue. I thought they would go chase gold. The punters love that, but I see some positive response already to the news. Rod has his finger on the pulse!
Now they have managed to turn the bad news about Disko into a positive to string some along for another 18-24 mnths until some drill results are available. I'm sure they'll find something with their flying metal detectors this year to keep the story alive.
So the strategic plan after 4 months of scratching ..something, is they have expanded the remit and the number of haystacks to investigate and which to discard. Unfortunately a lack of funds limits them to a token flyover of Disko for more sites to ponder to drill, while I ponder whether there is anything of substance down there, how long before I ever find out, and how much dilution will I suffer waiting. I wont but you know what I mean.
A fund raise in on the cards. It may be delayed until the end of the year now as they have enough for the current meager plans. But you can't search all these haystacks without cash. They will be expected to have crystalised a real plan of action by then. Can't wait!
Thanks Catbert. I suppose (once again) only time will tell. My immediate concern was that Jay had found loads of hydrocarbons sitting on top of the nickel and had thought - b####r, we can't get to the nickel let's try and get (or at least make it look like we can get) the oil / gas instead - I know, let's say we have a new strategy and morph into being an oil & gas explorer. I do hope that isn't the case as that could stuff Jay overnight; loads of nickel but just can't get to it. Much better for all concerned if Jay lives to fight another day.
If there did prove to be a cap of hydrocarbons I suppose it might be possible to mine from a distant location and therefore under the cap - but of course massively more expensive.
As you say, strange how they now hype up the extension to their area as a sudden find of copper. The area has been studied extensively previously (and everyone has seen the data) but of course the receding ice and Jay's superior know how on the ground (LOL) has indicated the jackpot - yeah, right Rod; pull the other one.
RachT2 I am only guessing that there are hydrocarbons on Disko based on the blow out comments the hot springs (which indicates a thinning crust) similar to the other Helium project on the West Coast.
I don't know for sure we have hydrocarbons but if we do it will probably be at Disko for the above reasons. Furthermore we have a lot of pre-existing data. One thing you do get with hot springs is gas- so you dont necassarily need to drill. Sometimes it just comes out through the spring. Hold a detector in the right place and you could find hydrocarbons. Just don't light a cigar to celebrate.
How much there is and where it's coming from is another question.
Will it stop us getting the Nickel? I haven't the foggiest idea. It might not even be there in any quantity.
I have no in depth technical knowledge of this subject.
We seem to have 7 large targets and it is possible to drill directionally- my guess is that we should be able to solve a problem caused by the presence of hyrocarbons in the vicinty of a Nickel find (assuming there is one a Nickel find and two hydrocarbons).
Anyway now we've found some copper.
Oooh look! There's a squirrel!
GLA/ DYOR
Helium as well mentioned.
I wonder if Directors can buy now that this acquisition is announced. Wouldn't surprise me. Rod and the directors have skin in the game and have openly said they will back their conviction
Should get quite exciting here
I think this was the area Joshua was trying to obtain.
Ah look. Another RNS, but not one that covers the crucial questions that some investors and observers are actually waiting for, IMO.
It has some sentences in bold though, so it might get some fresh retail money in here. Get the price pumped up a bit, or at least stop it from reaching new all time lows.
“The Acquisition comes as part of the Company's new growth strategy to secure high quality copper and industrial gas projects whilst continuing to progress Disko to drilling in 2025”
Catbert - interesting post, thanks. I wonder if you could answer a query. Redknight1 seems to believe that there may have already been a blow out following drilling operations, suggesting that hydrocarbons overlay at least one of the target areas. You have highlighted that there may be quite some store of hydrocarbons over Jay's patch. Jay has specified they have seven target areas they wish to drill, as that is where they see the nickel, copper etc as being. If those areas of mineralization have hydrocarbons above them will the presence of those hydrocarbons actually make the minerals beneath inaccessible?
Kat, agree, hibernation and stagnation. The more I ponder it the more I can't see the recent news as being anything other than quite bad news, just dressed up to look like good news.
1. NO drilling until at least 2025 and then likely to be considerably less than the 15 initially agreed – how long before results from that will be known? 2026 sometime probably.
2. Jay now not only needs money to survive until drilling commences but it will need to fund the EM cop-out alternative in the meantime and meet its other ongoing company obligations.
3. Going forward Jay now has to match any money Kobold spends to fund its share of any drilling or other exploratory workings. If the value is to be proved up then that will be expensive – if they make cutbacks to the planned operations because they haven't (or can't get) the money then that leaves big question marks over the value of their assets. If 15 holes were needed then 15 must surely be drilled – why else state that number initially.
4. Kobold are more than happy to relinquish 2% - any shrewd company would be. They are in the driving seat now, in fact, they always have been. They've immediately saved a lot of money and can stall any future work for as long as they so please. They've been side tracked already by better prospects elsewhere and delayed work with Jay - what's to say they don't repeat that and stall beyond 2025? Stall for years? Absolutely nothing as far as I can see.
5. They need to sell something of value – but any money received will have already been allocated to required expenses and their salaries.
6. Kobold will not aid Jay in the exploration of hydrocarbons – where is Jay proposing to source the funds to pay for that extra activity? Where will they explore for hydrocarbons? Greenland is shunning oil & gas. So that leaves only White Flame Energy's licences – well they run out in 2027 so Jay had better find a lot of money pretty quickly to float that scheme. As written previously quite a few big, experienced and well financed O&G companies have already spent an awful lot of time and money in Greenland over the last few decades – with no success. Yet the Jay BOD reckon their little, under staffed, under funded and inexperienced outfit can profit from hydrocarbons. That strikes me as being a load of bs as usual.
The only silver lining I can see if that Jay have another 12 months or so in which to beg, steal or borrow some capital. As always, looking for some good news to profit from but the last rns sure wasn't it.
Chirpy,
I would like to be a happy realistic investor.
Or an optimistic investor in relation to a well managed company with a logical and honest strategy.
I am not pessimist.
My posts are not pessimist. A black and white photo is going to be BW forever. There is no colorful picture for JAY now.
I wish i was wrong. I would be happy to be wrong about JAY...but facts are not in our favor.
I agree with Ashton. Better stay silent.
Time to pack, put in the shelf and let the 7 digit shares evolute...to a mineral or gas.
Who knows?
Good luck all.
I am negative, but borne out of experience with JAY and related. It wasn’t always that way.
What is a pessimist? An optimist with experience…
Thank you.
I repeat it would be good if you keep posting.
LWHL & Enuff are pretty negative but at least they will converse.
Have a look at Rach's last post; 7 points and 7 pieces of negativity.
We need an antitode to Rach, Kat and oh yea Definitely Yes!- and others.
ChirpyCheep - You asked for help with Eric Sondergaard's email address and I note no one has replied to your request. I therefore decided to interrupt my rest from posting just to help you out. Please click on this RNS 17 January 2024 link and page down and you will find Eric's email address. I will now go back to resting! - https://tinyurl.com/yke37pdt
PS: In case you are keenly waiting for the next announcement from JAY and the interview with ES, you will not have to wait long. They are likely to happen within a matter of weeks or even just a matter of days.
Good post, thank you.
You know 10x me but it looks to me that JAY chose K, sorry gave 48% away to Disko , because they thought they would be better at targeting a complex ore body.
In mineral exploration, integrating EM survey results with other geophysical methods, such as magnetic surveys, gravity surveys, and seismic surveys, along with geological and geochemical analyses, can enhance the understanding of subsurface mineralization and aid in identifying specific mineral types.
This multi-disciplinary approach allows for more comprehensive and accurate targeting of potential mineral deposits.
EM is very useful too for hydrocarbon deposits and the detection thereof.
My guess is that there is a high liklihood of hydrocarbons beneath Disko which makes an EM survey a must. Some will inevitably see it as Kobold running down the clock. But what if they drill pollute or drill and blow up some staff. I'm not sure Greenland will be in a rush to licence them for Nickel extraction let alone Helium mining. I'm not sure some Kobolds high profile shareholders would like that too much either.
These hydrocarbons are both an opportunity but also a environmental and safety risk. Drilling into them without careful consideration might be foolhardy.
We have a lot of data on this site but we dont have the EM and Kobold love data. My guess is that we actually need this before drilling. It will help us drill safely and it is congruent with the methodology of the Kobold businesses philosophy.
We all want drilling but it needs to be done safely and without causing damange to the environment or killing someone.
To quote the Stones "You can't alway get what you want, but sometimes, you just might find, you get what you need".
Oh yeah!
GLA DYOR
Fair enough. Ultimately, time will tell on the asset value versus m/cap opinion.
FWIW, I too took a similar approach to ignoring the red flags of management for a while, convincing myself that any failures/weaknesses were offset by the assets.
I gave the management a lot of support and benefit of the doubt long before this pragmatic change of investment strategy. So it was not an immediately negative opinion.
IMO, it is a bad strategy to take! For a trade, sure, in some circumstances. For a proper investment? Certainly unwise. But just my opinion.
Anyway, hopefully Ashton will share his thoughts. These chat boards are a waste of time without a variety of opinions.
While I think he is mistaken here, for various reasons outlined before, that does not mean I do not enjoy reading, and take stock of, his (and other) thoughtful posts. GLA.
Enuff
To answer your questions
Don't know
So what; doesn't mean that RM is guilty of anything dodgey, happens all the time.
RNS' s are issued by the company; are you implying he didn't have the right to buy back in ?
LWLH
Understand your sentiments but the whole gist of Ashtons argument is that the assets are worth more than the MC. Their is a push and pull here Management v Assets. I'm with the assets
As somebody cleverly said on here a broken clock is accurate twice a day