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BHP takeover - how is that going to play out for Jay. Difficult to assess of course and only time will reveal all. If there was actually any ongoing discussions between Jay & AA they would now be put on hold. Can Jay survive until such time as any discussions do actually take place is another matter. They have lost their biggest institutional holder (who was so keen to sell out they dumped stock at 0.24p) and I'm not aware of any of the various gov.t departments or state funds increasing their holdings - despite the existing bargain basement share price. I just cannot see BHP / AA being interested in doing business with Jay (they will be aware of all of dubious facts that we do) unless Jay's patch can be shown to be a far superior asset than the patch that AA already possesses. Will Kobold / EnergyBreakthrough now proceed with any drilling or interaction with Jay now that they are to exploit hydrocarbons - I don't think they will.
CC – you say job done for me, yet I have never claimed to wish Ashton to stop posting. In fact only 2 days ago I said 'you should carry on promoting Jay'. I like to see both the bull & bear opinion in equal measure. However I can fully understand why Ashton may have decided to cease posting about Jay. Despite the many red flags waved by Jay (and it's various BODs) over the years he has steadfastly maintained that Jay would be a winner. He has been unfortunate enough to ignore all of those warning signs and chose instead to believe the repeated bs issued by RM and his cronies. Don't lose sight of the fact that pretty much the same bs was also being issued by all those other companies that RM was involved with and where LTHs also lost their money. It is all unravelling now and, as the last few days have shown, Ashton can not or will not offer either an opinion or an answer to counter all of the FACTS presented. The nag called Jay is way behind the other runners and there's less than a furlong to go. Leaving the site now would avoid the ignonimity of actually accepting that he has lost money and that his long held believe in RM and Jay was misplaced.
I wish him well in his future investment choices.
Au revoir again Ashton
Same as others have said I don’t feel how the departure of the only out and out bull brings balance to the force - I mean board.
Personally I’ve all but given up on Jay. I will retain a seven figure number of shares that sounds impressive but with Jay that’s now worth next to nothing. I’m not selling but equally not adding to my holding unless material progress or news is announced.
Recently this was for me a speculative Net Zero transition play - there aren’t enough battery or electric infrastructure metals for this to happen and it was my hope that Jays potentially huge resources could somehow be expedited and put to work but neither Jay nor vast expansion of electric infrastructure is going anywhere fast. (A topic for another forum.)
I think you need to reconsider.
It looks like you have been bullied off by the Altruists.
As you said Rach's first post was having a pop at you; job done for him/her/
I fail to see how your leaving provides a more balanced board.
All the best Ashton. Thanks for your efforts to date. This board seems to have become rather combative of late where anything positive is shot down. The board need to deliver now. Comms are pitiful as always and the share price appalling. Hopefully someone has a plan. I am heavily invested here and well down with an average of 3.9p some bought on 2018 as high as 24p. As long as the metal is in the ground I still have hope. With Dundas reinstated and fully permitted I am hopeful that there will be enough money to see JAY achieve some sort of return for shareholders……eventually.
That is a sensible list of questions. Now we are virtually into the month of May, perhaps the BOD have almost had enough time to complete the tasks in question, lol.
IMO, you should have had answers to several of those questions long before now (not least the cash runway question), but it is good that you seem to be keeping their feet to the fire.
Like a few of the other posters, I obviously think that your optimism and faith is misplaced, but as long as the company is a going concern, I guess hope remains for your holding here.
Until the next company update, I wish you all good day too.
If I had the time, I would love to work out how much ££ had been extracted from shareholders in these different companies of the years. We oft cause Rod of failing to turn exploration into mining, but he sure has extracted a huge seam of cash from these ventures…
I have decided to take a break from posting. Before I go I must make it clear that contrary to what some posters might think, I am not here to promote JAY. My posts have been a reflection of my unflinching and unshakeable belief in the promising assets of JAY, in particular, Disko and Kangerluarsuk (district-scale tenements). My hopes for JAY may or may not materialise and I know only too well that JAY being an early-stage mining explorer is a high-risk/high-reward play. Just like other shareholders, my objective is to hopefully get a decent return on my investment. Although there have been some serious setbacks recently (e.g. suspension of the Dundas project, lack of progress with Disko, etc.), I hope Eric Sondergaard (MD) and his team will progress the company with renewed vigour and reverse the abysmal share price performance he has inherited.
I am not blind to JAY’s weaknesses. For my part, I have conveyed to both the previous management and present management that there are two key areas of weaknesses where JAY can and should do better:
1. Management fulfills the expectations they raise.
2. Management provides timely and effective communication.
In terms of timely and effective communication, shareholders are waiting for answers to the following questions and updates on them:
1. What is the plan for progressing the Disko project?
2. Kangerluarsuk and Hammaslahti have now been deemed as strategic assets and are therefore not for sale. So, what are the plans for progressing the development of these two assets?
3. What are the plans for and the progress on the sale of Dundas, Thunderstone, Enonkoski and Outokumpu assets?
4. What does the recently announced "Expansion of Corporate Strategy" actually mean in practice and how will it create significant shareholder value?
5. How will JAY fund its business over the next two years?
I have conveyed to the present management the urgent need for answers to and updates on the above. I have also conveyed the urgent need for the maiden interview with ES. The interview is now well overdue given the fact that four months have passed since ES was appointed.
I am expecting some news updates pretty soon. They could come out within a matter of weeks or even days.
Finally, maybe my departure will bring a more balanced playing field for discussions about JAY.
Good luck shareholders and Goodbye!
EnuffRMbs - well he had to go in the end didn't he. He hung on for as long as he could by thwarting several attempts by one of the largest shareholders to oust him from the BOD. Unprofessional and underhand tactics being exhibited. True to form RM was thinking of himself (and Goodfellow) as they would both apparently receive £100k pa in payment should the rto planned for 2023 go ahead. Needless to say RM wanted to keep the deal alive and wished to renegotiate the deal with worse conditions for the More Acq shareholders. He didn't give a s##t about shareholder value being trashed he apparently wanted to feather his own nest. My, doesn't that sound familiar?
I see Ashton is again quoting the BOD of Jay as recently stating 'our ultimate goal of creating significant shareholder value." Now I seem to recall that has been said on numerous occasions over the last 4 years or more - all the while the share price dropped by c. 99.5%. Shareholder value? The BOD of Jay don't (and never have) give a s##t about shareholder value - they want to suck the company and investors dry before moving onto the next reincarnation of a bs business. See the list of RM's previous companies where the shareholders have been shafted and lost anywhere between 95 - 100% of their investment. In fact, in all of the companies that RM has been involved with I cannot find a single company where shareholder value has been enhanced for LTHs. But of course Ashton knows best and this time the leopard will change his spots. LOL.
I finally discovered that the helium reserves were mistakenly confused with Nickel. In fact Helium is absorbed in a giant deposit of copper and Nickel in Disko. I also read that Dundas, besides being a large reserve of cod fish, has also the biggest world deposits of ilmanite and camelnite and poonite. Kungas offer a new surprise: helium discovered in large conglomerates of whisky. Time to FOMO. I'm all in to Jay! GLA...
Fair point, CC. The question was "More importantly, did that last RNS strike you as remotely credible, Ashton?" and the question could be interpreted in the way you have suggested. But equally, it could also be interpreted as a question of how credible it is to broaden the strategy to cover exploration into new areas such as helium, industrial gas and hydrocarbons. For example, (a) Does the company have sufficient experience to embark on this new field? (b) Where will the funds come from for pursuing this expanded strategy? and so on.
It was a broad question open to different interpretations.
I don't think that the Altruists were asking for your opinion on recent empirical evidence regarding the change of strategy, because as you say there is very little to go on.
I think the point they make is the current Management are in large part responsible for the current share price, primarily because of putting all their eggs in the Dundas basket and basically giving Disko away for as RE said " not a lot of dollars"
And this current dip into the Helium et al market is not a reflection of the viability of those markets but the inability of Management to formulate a strategy for the assets they already have ?
In the note you posted on 23 Apr 2024 at 14:43, you asked: "More importantly, did that last RNS (19 April 2024 - "Expansion of Corporate Strategy") strike you as remotely credible, Ashton?"
Sorry for not getting back to you sooner but I was hoping there would be further news on the "Expansion of Corporate Strategy" before replying. Anyway, here is my interim reply. The RNS said: "Our decision to consider opportunities in the helium, industrial gas and hydrocarbon space has come about through the identification of a number of very compelling, large-scale opportunities which the Company believes warrant further consideration. These potential opportunities align perfectly with our ultimate goal of creating significant shareholder value."
My comment: JAY says this opportunity would create significant shareholder value. I welcome that but JAY has not provided either any details of the opportunity or how it would provide significant shareholder value. I await further information from JAY before I can come to an informed view. Until then I am keeping an open mind. I am sorry, but that's the best reply I can give you at the moment. Anyway, when JAY has provided further details on the matter you should also, hopefully, be able to form an informed view - https://tinyurl.com/ye24up8j
Thoughts on how a BHP takeover would impact AA and in particular their Greenland exploration ambitions?
BHP are potentially going to close or mothball their Nickel operations in WA. Not sure they are terribly interested in finding a large Nickel deposit. Copper yes.
Talking of More Acquisitions, Rod resigned but large shareholder I think. What do you make of his parting comments?
Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately.
Rod McIllree, Executive Director of More Acquisitions plc, said:
"Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps."
You need to add Alien (UFO) to the list and also the amusingly named More Acquisitions.
EnuffRMbs - I found this piece amusing, it is advising of the news that RM has joined Cliff Metals and saying what a great asset he will be because of his past record. As you can see that record is truly appalling, definitely not something to be telling the world about. Would be better off brushing RM's past history under the mat.
Cliff Metals Ltd (“White Cliff” or “the Company”),is delighted to announce the appointment of Mr. Roderick McIllree (“Rod”) as Executive Chairman of the Company, effectively immediately. Over the last 20 years,Rod has both founded and held senior positions with international mining companies such as Medusa Mining (Co-O Gold mine, Philippines), Anvil Mining (Dikulushi Copper mine, Congo) Kingsrose Mining (Way Lingo Gold mine, Sumatra) as well as international exploration companies such as Greenland Minerals and Energy Ltd, Bluejay Mining Plc (Greenland), and Elemental Minerals (Africa).
The reality of course is that RM has a crap record,
Medusa - July 2023 appointed administrators.
Anvil Mining – accused in the murder of innocent members of the public at a village next to their mine
SPs for Greenland Minerals, Kingrose and Elemental Minerals all follow the same pattern as JAY's - a decline of > 95% from highs.
Total or near total share holder value destruction. Do the idiots that write these news releases not do even the minimum of research? Either that or they think some investors are so stupid as to believe everything they write.
Nice work Eric. Thats a decent number of shares and not too long…
Same game, different name.
https://wcminerals.com.au/asx-announcements/
Obviously not you Ashton. It seems that you possess neither the wit not the wherewithal to construct a valid argument in response to my posts, instead you again choose to resort to a child like response. And you have the nerve to call my posts garbage – lol.
Anyway, enough of this friendly banter - you should carry on promoting Jay and I'll carry on pointing out the negatives. We can have a strange but rewarding symbiotic relationship.
That was a 422-word garbage about Ashton and his shareholding. Who cares?
Ashton – you're contradicting yourself; Although I neither need nor seek your acceptance of how I (and others) may choose to invest you have at least agreed that 'there is nothing wrong with that approach'. However, because I, and others, are posting FACTUAL information contrary to your own opinion you refer to us as constantly bashing the company. I have written a fraction of the posts that you have yet I am 'bashing' the company – by inference then you are ramping the company. Both the bull & bear case are of equal importance and investors should heed both in equal measure. You have written constantly and repeatedly expressing a bullishly opinion of Jay on this board for 4 years+ during which time the sp has dropped from a high of around 15p – that's a drop of over 99.5%. A huge drop despite your opinion that Jay is a good investment. I do not need to post info to lower the sp, the crap company and the crap BOD do a brilliant job of that on their own. Where were my posts during the 99.5% drop that you oversaw? I have no 'cunning and devious' plan - as I've already said, I post to aid the establishment of a level playing field, nothing more nothing less.
You are apparently renowned for your nit-picking ability to research other people's posts and to establish any inaccuracies and flaws – the fact that you have yet to contradict any of the FACTS recently posted by what you have called the Altruists speaks volumes. You have no argument against the FACTS but instead choose to deflect the argument by way of childish comments about blood pressure, creating an imaginery group that you have called the Altruists and by simply refusing to answer valid and important questions that are asked of you. By contrast your own posts are nothing more than a regurgitation of Jay's bs with your own embellishments - be that the use of UPPERCASE letters to stress the odd word that enhances your opinion or the repeated use innuendo, implication and hypothetical fanciful suggestion. Everyone is responsible for their own investments but what a tragedy it would be if anyone had followed what they thought was the opinion of an expert and has also lost over 97% in the value of their holding. Perhaps more bear posts may have been beneficial, I think so – you have clearly never wavered from your belief that Jay will eventually come good, all the way down over the last 4 years.
Ashton...the day you know options for treatment of Streptococcus pneumoniae in children under 5 years or how many turbinates you have in your nose old we can discuss the role of valsartan in the control of high blood pressure. Don't paternalise other people. Actually is childish.
In any case, no one needs to justify it in terms of investment. Everyone does what they want with their money. What he discusses here is the reality of this company... and that is obvious.
On the other hand, everyone has their own profile. I am a disappointed investor. I would rather be a happy investor. I would never want to be a delusional investor. In addition to investors, there are speculators. They are part of any market and, in essence, they are the ones who jeopardize any company and its stock price. Each one put on the hat that fits him. If I can prevent people from putting money into this company thinking they are making a fortune, I will try to give a perspective of what this company is. Afterwards...everyone is their own man. But I will not be a liar or a deceiver.
If someone says that they are here only to trade the stock on spikes to make a profit, there is nothing wrong with that approach. But why would that same person keep bashing the stock to death? One cannot rule out a cunning and devious plan at play here. They want to create as much fear among shareholders, hoping they would sell, in an attempt to get the share price as low as possible to make a greater gain when the spike happens. We are all here for a reason, so beware!
Going back to the list of rudimentary lessons in investing:
Lesson No.1: Be very careful of bullish and bearish posters on chat boards.
Ashton. Another facet of your personality and strange investment tactics that I find quite weird; you appear to be saying that once you've sold a co. you are wasting your time researching it further and should forget all about it and move on. That may suit you as you might then have little or no one to counter your perpetual bullish promotion of Jay. Me, I prefer to utilise what knowledge I have acquired about a company to my advantage - I will invariably continue to monitor co.s that I already know pretty well and will ever be on the look out for any possible profitable trade. Why waste all that knowledge I have acquired? What would be a waste of time is to move on and discard that information as you would recommend I do.
I'm certain Jay will eventually expire worthless, it's a crap company run by a crap BOD. However, that doesn't mean to say there's not money to be made trading the spikes created by the ramping bs that Jay often issues and which you then regurgitate and embellish in your usual predictable style and with your predictable regularity.
Damnations Chirpy, I am trying to post more often than Ashton. Grrr
Long time shareholder, very disgruntled with those in charge, and their escapades elsewhere. I love JAY more than other shares due to the comedy value, but also a continual reminder of investing red flags - so despite losses it had value (in terms of lessons learned).
I do feel obliged to challenge the True Believers too.