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In total agreement with those last posts. My assumption is that Troy brought in because of AA contacts to attempt to engage them in Disko in some format, with or without Kobald, who let’s face it would still have 49% without hassle of working with the Muppets Show.
Jimbolina - morning to you. I very much doubt it and thought exactly the same when some posters claimed Kobold's connection signalled Bill and Jeff's endorsement of JAY. Ludicrous really. BreakthroughEnergy has over 100 investments and will be run by a dedicated team of associated experts. However, I do think the team running it, almost be necessity, will require an unquestionable level of corporate governance due to both the involvement of it's founding members and of the almost altruistic endeavours it was established to create. Why get involved with the likes of RM? After all JAY is surely insignificant to BE - they are working (and have had success) at many other locations with many other enterprises. Time will tell if they even drill further on JAY's plot.
Do you think that Jeff and Bill even know the name Bluejay? I think they work in the clean fresh smelling stratosphere. Kobold dig about in the dirt like peasants. I doubt the two levels ever meet. They will have people to read the quarterly reports from Kobald. That they have even heard of Rod is unlikely. I don’t trust Rod for what it is worth but he is a necessary evil for now given his rather impressive connections built up over 20 years in Greenland.
Agree. If I’m being generous, I would describe him as ‘maverick’. There are others more appropriate.
EnuffRMbs - UFO, what a dubious co. that is / was. No doubt it's excellent corporate governance (LOL) inspired the infamous Dave Lenigas to promote it - that says all you need to know. Oh, and as it was such a well respected and highly regarded outfit (LOL again) RM saw an opening to work his usual magic and joined in for his share of a few dollars while the shareholder's value was being trashed.
I'm not sure why some poster think any company with the merest shred of dignity, honesty or record of good corporate governance would ever think about doing business with RM. I think Kobold are looking to get out, even if it costs them. I might be proved wrong of course but ultimately would Bill and Jeff want to be associated with a character like RM?
Sorry, Ricky is co owner now.
This is the kind of thing you can do when your mining company goes down the pan, but you have extracted millions from investors over the years,
https://youtu.be/rp_N_j60tbc?feature=shared
RachT. It’s exactly the same folk, albeit with a new geologist (not on BoD) and Troy. Troy left Alien (UFO) in a hurry. Rod was his predecessor there. Check out what has happened to share price there and also check out the finance company who is propping them up. All the usual suspects.
Troy has contacts at AA, which one hopes is why he is here. He is a contracts manager. Interestingly his old boss at Sirius/AA now has left mining and set up his own distillery (Chris Fraser). Believe it or not they have Ricky Gervais signed up and doing ads for their vodka. From mining to comedy. As JAY has demonstrated, they are not that far apart.
Expired a few months back but might be relevant.
Wasn’t listed in mining section.
https://www.suli.gl/resultat/vis-job/print-job.aspx?jobId=331580127&mode=print&hs_lang=en-GB
Ailean - thanks for confirming my suspicions. I thought it strange when another post earlier today advised dismissing any misgivings about previous BODs and give the current BOD a chance. Well are these not basically the same BOD (not including RE's short tenure of course) but now with less 'expert' colleagues (as they've been sacked)? The same BOD that over saw the value destruction of the last few years.
According to today's RNS the biggest problem was the choice of drilling technique. Your telling me that as the COO of JAY at the time (in 2022), Sondergaard was not the person resposible for the drilling tender and approving the drilling contractor?
Oh, who was the Executive Chairman when the drilling/2022 programme was being planned? No other than Rod McIlree. He didn't resign from JAY until late June 2022.
Am I the only one here that finds it ironic that ES states that there are "serious concerns regarding the execution of the 2022 drilling campaign and decision making processes"... who was COO of JAY in summer 2022?... no other than Eric Sondergaard. As the most senior technical person in JAY at during the 2022 programme, then surely the book untimely stops with him? Talk about shooting yourself in the foot. What a fool.