The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Kobold is in sidelines...they dont need to spend a dime...$$$ coming from Africa...they are placing yhemselves as a royalties company...just collecting possible benefits.
Ashton - some nice quotes from Kurt – but here's some facts to put them in context and to aid whether or not they have any credibility at all.
24/3/22 announcing that drilling would commence at Disko in June'22 – Kurt said, 'We're proud to partner with Bluejay to begin exploring Disko-Nuursuag this year. Fully electrifying the global economy is our generations' greatest challenge; to accomplish this lofty goal we must accelerate our efforts to find the key elements for EV revolution'. On the same day JAY announced a fund raise – how convenient was that? Get some news out and tap the shareholders again. But alas, despite Kurt's quotes, within 3 weeks (11/4/22) the plans for drilling in '22 had been scrapped and delayed for another year. Would Jay have raised that money if they had stated the drill had been planned for '23? Doubt it. Who decided not to drill as announced? My guess is Kobold as they were distracted elsewhere – sounds familiar? Kurt, you mislead us.
What happened to the 'we must accelerate our efforts' Kurt? Kurt and his team have recently decided not to hold up their end of the deal and will now not be spending the $11.6m that they agreed to spend on drilling. Needless to say further drilling is now delayed for yet another year – 2025. That is, if they don't change their mind yet again.
Kurt's statements and actions are definitely not a reliable indicator on which to pin one's hopes on - as his previous comments have shown.
We are in the turnaround...high or low...who knows?
Nobody knows a thing...
Cheshire - Although for the time being I have decided to take a rest from posting, your comments about JAY being a speculative stock have prompted me to post this note.
When there was no fieldwork at Disko in 2023 and 2024, there was consternation about whether KoBold would walk out of the JV. We now know that this is not the case. In fact, in the RNS on 29 April 2024, Kurt House, KoBold CEO, confirmed that KoBold finds the "foundational prospectivity of Disko compelling" and his company intends to "unlock Disko's full potential". Moreover, from 21 March 2024, Nikkeli has increased its Disko licence area by 112 km2, bringing the total licence area to 3,015 km2.
The big question is will KoBold uncover a mega find at Disko? That is the speculation. The tenement is regarded as a Ni-Cu-Co-PGE asset and It seems the big picture for Ni and Cu bodes well. Watch this recent video interview by BHP CEO (ref to copper and nickel from 3:30) - https://youtu.be/cQcZ1_fEg6U?t=1
I will now go back to resting and wish for good fortune with your investment in JAY.
Investing genius - exactly what facts make you think we're now primed for a turnaround? I'm not aware of any new news or indeed any reasons for optmism, do please enlighten us.
I know its fun drowning in each others sorrows but i think there is a high probability we have had the ultimate capitulation and are now on the turnaround
C o ck ney crooks.
ches, we are in the same boat.
we have different starting points but boat ended up in this scam. greenland has potential but not in the hands of ****ney crooks.
we wish that sp turn up. but then reality falls over our heads: we haven't anything but capital erosion and a path to to a squeezed company.
just facts.
Rach. Thanks for your info. Maybe my faith trust and hope are miss placed, very much want to be proven wrong and the share price doesn’t halve again. But if the management turn things around with some positive data I can see the SP going up multiple times.. Dundas Disko and the close surrounding land must have some good material to come out of the ground but you seem to have done more research than me and are on the button. Mean time I’m busy drilling spring barley after a disastrous winter wheat situation! and beef farming among other things. I guess I’m making excuses that I didn’t do enough research before investing!!!, but no body else to blame but myself .
I missed the latest at Apollo. Thanks RachT. Let’s hope that This joint venture doesn’t go up in smoke.
Please refer to Rods large shareholding in UFO acquired after price fell after failing to deliver under his leadership, for further evidence that his skin in the game has a negative correlation with share value.
Cheshire – not sure I'd take any comfort at all in knowing what RM's shareholding is, in fact the exact opposite. Did you see the news issued 6 days ago that Apollon is planning to delist? See Apollon's RNS of 21/4/21 wherein we are told that RM has increased his holding to 213,306,161 so he held 28.5% of the company. On 12/5/21 he acquired more to take his holding to 29.05%. RM was appointed as NED on 12/1/22. Other than a transfer of 10m of those shares (Sept 22) I can't see any RNS advising that he has disposed of any of those shares. But as we recently established, he chooses not to inform the authorities of such notifiable dealings within the required time scale (of 2 – 4 days) so he may well of disposed of some or all of those shares months ago and failed to inform the authorities.
Assuming he still has those shares they were priced at 4.75p each on the 21/4/21 (having peaked at 10p in March 21) but the share price now sits at 0.055p – a fall of 99%. So a company with RM as a director and as one of the largest shareholders (if not the largest) looses 99% of it's value and then delists - hmmm, makes you think doesn't it?
Rach. I’m not suggesting for one minute you or anyone else is ignorant of the high risk, I’m just simply saying small mining companies listed on the AIM generally and historically have a bad track record.
Rod has a fair few million shares ! Why has he reinvested with the last option to purchase so many? Maybe I’m the one who is totally naive and have become a speculator rather than an investor!….. time will tell
Nothing will surprise me.
If my investment was only Jay i would be quite upset. I would pay a visit to headquarters for sure. Probably with my baseball equipment.
But that's not the case...rest in peace RM...i prefer football and the price of plane tickets to London is not worth the effort.
Unfortunatelly, charlatans appear, snake oil sellers happens all the time and the case here is thal we are having just chat time.
Anything coming from BOD won't be a surprise. The only thing would be a SP reaching 2-3-4p. I doon't expect any positive news from guys that just look they are running a scam. What I expect:
- change of name of the company, merge of capital, share offering, capital dilution for JAY holders.
- bankruptcy
- further share dilutions until 0.01.
i dont expect any field work unless AA finds in the neighbourhood good reserves of something, most likely mineral (gas is a sad funny joke).
He won't take it private then they would have to do something for the money instead of just telling a few lies.
Cheshire – thank you for your reply. You seem to think that anyone writing disparaging comments about JAY is ignorant of the risks when investing in the AIM, has lost a lot of money on Jay and hasn't the noggin to possess a diversified portfolio – that's a rather naïve and unimaginative opinion you have of us / me. As I've already posted, my trades in JAY have fortunately left me in profit and I possess a diversified portfolio of equities (some for growth others for dividend), investment trusts and bonds. These investments are also global and by no means not limited to the UK. After nearly 40 years of investing I am very familiar with the risks.
The reason I post is that I like to see both bull and bear opinion. I've accrued a lot of knowledge about JAY and it continually moulds my opinion to be extremely bearish. I repeat – it's a s##t company run by a s##t BOD that doesn't give a s##t about shareholder value. Until JAY pull something out of the hat (rather than talk utter bs) I cannot see my opinion changing, they have an uphill struggle to make good all the past poor management, missed targets, misleading news and dire share performance before anyone will believe that they are a good investment. Oh, and let's not forget all of the other companies where RM has screwed over shareholders, pre-covid so that excuse can't be used.
I think there's some money to be made trading it as they are masters of bs news and creating shares price rises when they've run out of money but even that's proving harder for them as everyone is wising up to the fact that they are useless and repeatedly proven to be destroyers of shareholder value.
Rach fully understood some of the Bears who have cashed out have lost a large sum of money and seems some are extremely unhappy and bitter with life but when speculating with the combination ofAIM and mining you have to go into it with wide eyes. I have a fair few million of Jay stock but also Rolls where I’m 195% up M&S Sainsbury’s Astra zeneca and a few more that pay a reasonable dividend it’s called a balanced portfolio.
Jays present share price is what it is but expect and hope they will be about 2-3p in the next 12 months but if Rod takes the hole thing private at 0.15p I’m sure you’ll be the first to message “I told you so “
I expect Kobolt will drill or pass back there 51% to Jay . Anglo surround our license in Greenland and the Finland sights are a going concern even if very much smaller.
Since Covid it’s been pretty bad but future looks bright.
Have a good day
Spot on Cat - there has not been any rebuttal of the FACTS that have been aired by any doubters. Instead wishy washy posts saying the bears should give it a rest and a balanced view is required. We are posting the balanced view, prior to that there was nothing but perma bull posts, while the share price dropped 97%.. No wonder Ashton has stopped posting says Cheshire - indeed, he has no factual arguement to counter the FACTS that are presented. I'd love a balanced board, as I've said I like to see the bull and bear case but what is the bull case right now? Nothing. Nothing at all. Jay might sell some assets, Jay might do a drill, Jay might partner a major, Jay might bla bla bla bla. The fact is Jay is a s**t company run by a s**t BOD and like every other company that RM has been involved in share holder value is of absolutely no consequence to him / them despite the bs that they release.
We have a bunch of downplayers each time the scam around JAY is ilustrated. They just undervalue any clear argument that points to a harmful BOD.
"Chill out", "let's see the price in 12 months", "gang of altruists", "pessimistics"...
A band of crooks has always a legion of followers or believers and a group of ceptics. I appreciate facts and not cheap talk or hypothetical bs. Again I repeat to all believers: name one fact in the last 5 years that clear indicates good execution and a clear indicator about the future of JAY as a mining company. Just one.
Enuff and Rach you spend en extreme amount of time on Jay! A balanced view is what it’s all about but Wow you guys or Gals are on a mission! I’m not surprised Ashton is having a break. Sooner or later (next 12 months) let’s see where the share price will be.
Have a good bank holiday
Our very own Del Boy and Rodders! Back for one last series of AIM related tomfoolery!
Will their dream of selling Greenlandic mineral water at Waitrose ever take off, or can they sell sand to the Arabs?
EnuffRMbs - history shows RM plays fast and loose with regulations, perma bulls or rampers will come up with a myriad of excuses to explain away such antics. But you can be sure that any of the big boys or institutional investors will take a dim view of such flagrant abuses of market regulations, and they'll probably be only too aware of RM's antics and his covert reasons. Would any reputable company risk it's own reputation courting such a wheeler dealer.
When I raised this as one of my top 3 red flags, a certain poster told me (more or less) to chill out as this kind of thing happens. Indeed it does, but the frequency and severity normally betrays some kind of shenanigans
Meanwhile all corp docs still listed him as largest individual shareholder. It is beyond the pale.
EnuffRMbs I wasn't sure of the FCA regulations for disclosure so have just looked it up. See below. RM sure does appear to be acting in a very unscrupulous manner (to put it mildly). What's that Skippy - Ganga can cause memory loss, ah, do you think that will be why he forgot to make the notifications for 15months
As soon as possible and by midnight within 2 trading days (UK issuers) or 4 trading days (non-UK issuers) of knowledge of disclosable event
Well spotted - what a sneaky snake oil seller he is. So that's when he sold after his resignation 6/9/22 but failed to notify until some 15 months later on the 7/12/23. No wonder I couldn't find an RNS anytime around his resignation - he kept it quiet. Naughty. Announcement of purchase back above the 5% limit issued on the same day some 13 minutes later also illustrates RMs questionable antics. Buys shares on 14/9/23 but doesn't announce it until 7/12/23 (the same day that his sale some 15 months earlier is announced).and then within a fortnight we are told he has rejoined the company on the 21/12/23.