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ChirpyCheep when you tried to establish whether RachT is a JAY shareholder, he replied that he does not disclose holdings. This is what he said:
RachT (4 Apr 2024 at 09:15 - Posted under JAY): "ChirpyCheep - I don't disclose holdings or dealings."
You said RachT displays the same attritional style on the other board he posts on COBR. So, out of curiosity, I took a look. Guess what I found! He will disclose his holdings when it suits him.
RachT (28 Mar 2024 at 14:17- Posted under COBR): "I'm not sure why Jollifant makes the claim that I own PRE; and Rach is short for Rachel so he's wrong on at least 2 counts."
For me, this proves that RachT can be economical with the truth and will disclose his holdings when it suits him. From now on I will be more careful in reading anything into what he says. He said (13 Apr 2024 at 09:50): "JAY will need placing after placing and then go bust." I will not rule out the possibility that he could be a short-seller.
PS: RachT has claimed that the name is not Rachel (28 Mar 2024 at 14:17- Posted under COBR). I do not know whether RachT is a man or a woman but I will address the person as he/him unless I am corrected.
Thanks for the reply and here is my response.
Point 1: "If KoBold are going to drill Disko this year, it will need to be announced, and work commenced, PDQ. Mid April already, tick tock."
My comment: If it is going to happen at all, it will need to be announced by May and no later. I have been advised by JAY that the closing date for field activity licenses is in May. I have checked on the MSLA website. The only field activity licence that has been granted so far is to the miner Itinnera Solutions ApS.
Point 2: "If Kobold does not, then why would anyone else look to partner up here?"
My comment: Why is Anglo American still a large licence holder at Disko (7,379km²)? Why is AA paying annual regulatory fees running into circa £4m to the Government of Greenland? They have not walked away. Did you know that AA was in negotiations with JAY over Disko before JAY decided to go with KoBold? I must say I am somewhat surprised by your question. Maybe you did not know all these facts.
Point 3: "Similar to point one really, although less excuse if they are not relying on a third party to do the actual work."
My comment: Funding the drilling activity at Kangerluarsuk will be the main issue here. Drilling rigs are already in place.
Point 4: "Will JAY actually succeed in getting anything for any of them? Sure, it takes time to negotiate stuff."
My comment: We don't know whether JAY will succeed in selling any of its assets but glad you acknowledge that it takes time to negotiate. I know for a fact they are talking to buyers about the assets and one is from farther afield. RM gave the timescale as June 2024 in his interview for an update on the sale of assets (I presume you have seen the interview). So please be patient on this issue.
Point 6: "Why the need to keep opening new listings all over the place? Just use the current one, lol."
My comment: You can't use the current listing if you really understand what is involved (lol). You will need to completely decouple Disko from JAY and list it separately as a battery metal miner for it to be attractive to the market. This means a separate listing of Nikkeli Greenland A/S with the consent of KoBold or someone else if they buy off KoBold's 51%. Should this route be followed, the current Bluejay listing will continue with JAY's existing assets until they are sold off except Kangerluarsuk. I have it on good authority that JAY will keep Kangerluarsuk. Please go back and read a note I posted on the benefits of listing Nikkeli Greenland A/S.
Point 7: "This is the easiest one to answer. Barring something unforeseen, like a miracle perhaps, involving some of the above happening to deliver some serious upside, then it will continue to involve heavily discounted placings, before perhaps one final death spiral finance deal, when no more retail money can be squeezed, and then pop."
My comment; That's one view. There can be other views.
The bottom line is best to wait for the update!
Rach short for Rachel - what's with the 'he'
Troajan - you need to read the thread more thoroughly, seems maybe it is you making things up lol
1. ppm figures were from 'core drilling' at their main site - not surface sampling as you state
2. Ph level of acid used will make a huge difference to recovery rates
Ashton - as stated, I'm pleased for you that you have convinced yourself that you haven't made a loss - I do not agree with you at all
If KoBold are going to drill Disko this year, it will need to be announced, and work commenced, PDQ. Mid April already, tick tock.
If Kobold does not, then why would anyone else look to partner up here? If it is that good a prospect, then why would K take the risk of losing it?
Point 3: Similar to point one really, although less excuse if they are not relying on a third party to do the actual work.
Point 4: Will JAY actually succeed in getting anything for any of them? I voiced my doubts on this a few months ago I think it was, when some of you were putting forward your own various calculations. Sure, it takes time to negotiate stuff, but based on the track record of the BOD here...where is the evidence that they have pulled off some terrific asset sales beforehand?
Point 6: Why the need to keep opening new listings all over the place? Just use the current one, lol.
Point 7 is the easiest one to answer. Barring something unforeseen, like a miracle perhaps, involving some of the above happening to deliver some serious upside, then it will continue to involve heavily discounted placings, before perhaps one final death spiral finance deal, when no more retail money can be squeezed, and then pop.
At some point, the words of these directors need to actually lead to some solid outcomes. This is hardly a young company, for goodness sake. GLA.
LWHL - Under a different thread, you said: "I am amazed at your continued enthusiasm here, Ashton. It is against all logic and weight of evidence that suggests your faith is entirely misplaced."
What weight of evidence? Do you have the answers to the following questions? If so, please share them and state your evidence. I am waiting to find out the answers to at least some of the questions in the update from JAY followed by an interview with Sondergaard.
1. Will KoBold drill at Disko this year?
2. If KoBold does not drill at Disko this year, will JAY bring in a major miner as a partner for Disko?
3. Will JAY drill at Kangerluarsuk this year?
4. Will JAY succeed in selling any of its assets this year (in other words some kind of inbound partial or full acquisition of JAY's assets)?
5. If the answer to (4) is "Yes", which asset(s) will be the target for the acquisition(s) and how much money will be raised?
6. Will Disko be listed on the stock market?
7. How will JAY fund its business over the next few years?
I wonder whether other JAY doubters would care to answer these questions.
Calm down, RachT, there is no need to get abusive with your language by name-calling a fellow poster, especially repeatedly.
I note that you have not disagreed with the cardinal rule I stated which was, when playing the stock market a profit is never a profit until you have sold the shares and bagged the money. This message should be repeated for the benefit of newcomers to the stock market.
Cobr...i see what you mean,ppm's are from when an exploration comps is doing surface sampling to work out the mapping,before selecting drill targets
nothing to do,with recovery rates.
hmmmmmm,sounds like someone is making things up.lol.
ph level?
I don't like to get personal; but am I unfair to say that Rach has the same attritional style on the other board he posts on; COBR ?
Racht
hello.
cant help noticing the one sided,no balance posts on here.
can you and some of the other non balanced posters on here,give a balanced post
ie...the bod might not be corrupt,the non core assets might be sold,or jv'd,or disko might be drilled,be the core asset,
bash ashton as much as you want,but he does give balanced,which is what most people want to see.
gl
Ashton - so in your weird world you've not lost out on having around an extra 5.8m shares in your portfolio and are not down around £17k either - you live in cloud cookoo land. Your arguement and believe that anyone disagreeing with you is naive merely serves to reinforce my initial impressions when I first read this board - you are a muppet.
To all of you.
Check Bluejay in gov.uk
Face reality.
Bluejay is a scam, pure and simple.
Each time things goes bust, company changes name.
Before i would give some credit to the BOD but last remodelation just showed nobody wanted to play the muppet role. So the real crookteam had to come to manage things.
Most likely they will create a new business model, a new protoplatinum nanote h business or a new revolutionary propellant and with their huge share base, complete a rwverse split and then you get SP at 10p. Or they will create news about a new Norilsk now located in Faroe Islands.
Then you will have more idiots putiing their savings in scam business models and gettig guys selling shares at 10p, diluying them until 0.2 with placings, reverse spliting and so on, so on.
There is no more argument to play with. RM is a master in this stuff, to be honest. We were cheated. Period.
But i can garantee...I will be RM and ES shadow and i won't allow them to screw more people.
The show is over. We are here just for the group therapy.
The difference being, the quality outfits and the rubbish/dodgy ones, pretty much all exploded to the upside before the crash.
Then the strong ones like Microsoft and Amazon did what they did. A few others managed to survive, but never got back to being close to their pre-dot com highs. And many went pop of course.
I am amazed at your continued enthusiasm here, Ashton. It is against all logic and weight of evidence that suggests your faith is entirely misplaced.
Q1 has come and gone and no update on the asset sales, Disko drilling plans (or anything), cash runway etc...but they once again managed to find the time to award themselves another chunk of the company, should those strike prices hit.
Some of you may be seduced by the strike prices involved in this latest round of awards, but I would suggest caution.
They often do not get met. Unlike the generous salaries, then further discounted raises and a new round of options. Have a look at some of the historic RNS's to this end. Not even that long ago remember!
RachT - A cardinal rule when playing the stock market is that a profit is never a profit until you have sold the shares and bagged the money. If you think otherwise you are kidding yourself. Remember the dot-com bubble when the bubble burst in 2001 and some markets fell as much as close to 80%. Anyone disagreeing with my view about perceived profits would be naive to a fault, and as it happens an appropriate thing to say under this thread considering its title.
ChirpyCheep - touche lol
Ashton - if you've managed to convince yourself that you haven't made a loss then I'm pleased for you.
Thanks for the reply and fair point re disclosure.
However, there is a certain irony in that you state it's impossible to know if posts are genuine which is also a fair point. If you feel that why do you post yourself !
RachT - You say: "The fact you haven't yet sold merely indicates that the loss has yet to be realised."
At last, we are on the same page: "...the loss has yet to be realised".
The same applies to a "gain". For Capital Gains Tax purposes, HMRC defines a "gain" as the profit you make when you SELL an asset, NOT before.
ChirpyCheep - I don't disclose holdings or dealings. I learnt long ago that people making such posts do so for their own benefit; either to support their own bullish opinion (and persuade others to do likewise) or looking for reassurance that they made the correct decision. I do not seek or need to do either. When making an investment decision I totally ignore any posts by retail investors stating that they hold X number of shares or that they've bought X number of shares; for ever buy there's a sell but sells rarely get posted about (eg, even Ashton doesn't inform of his sells). It's impossible to know if such posts are even genuine. I find it best to rely on the relevant facts - rather than be influenced by whatever any random retail investor posts about their holdings, or lack of.
Ashton – yes, you've made a loss. The fact you haven't yet sold merely indicates that the loss has yet to be realised. The worth of any item is what it can be exchanged for in the here and now, not what is might, should, could be worth. Using figures in previous post, to buy 200k JAY shares at 9p costs £18k – that holding now worth £600 – loss £17,400. Alternatively, had initial purchases not been made that £18k could now buy 6m shares instead of present holding of 200k – a loss of 5.8m shares to the portfolio, 5.8m shares that cannot be replaced without investing yet more money. So yes, you've made a loss.
What obsession? I am not obsessed with RM. I have not asked anyone to research RM. I have not displayed an obsession for RM by picking a chat board name like enuff-RM-bs. They say there is a cure for an obsession; find another one!
Ps Ashton, RachT might not be a bloke
Ashton. Perhaps, instead of obsessing with any challenges to your omni knowledgeable JAY playbook, you just spent 10% of your time researching Rods performance in the last 10 years and reported back? This chat would be very grateful.
Now, be a good AI BoT and go research…
KatAmenesia - You say: "There is no loss without a sell. Unless the company goes bankrupt."
I agree, but RachT thinks otherwise. I am waiting for his reply to my question.
RachT. Please can you add Alien (UFO) and MoreAcquisitions to your list, perhaps with, if you can be bothered a share price change from the start of RM involvement to his resignation? Anyway, you know the story …
There is no loss without a sell. Unless company goes bankrupt. Of course this is not difficult with RM, master of disaster.
I agree that as a running-bride, they can create a new company…99% Bluejay and 1% RM limited ( who else?…) and get into the pink market to lure some investors. In my case, as long they pay my average, I would sell my 7 digit position on the moment.
Honestly, everyone should dig in the gov.uk before getting into this. I failed on this detail. Kobold was my reason to get in but they failed in their commitment.
In a JV we have been putting our pressure on JAY but Kobold has been also a lousy player. But they don’t have shareholders and for sure their investors are updated regarding strategies and else. Anyway they don’t have any obligation regarding making public any report. And we won’t get any feedback on this either because JAY requested secrecy or because results are so bad that they drop the JV and spare 11.5 million dollars on drilling just a bunch of boulders and sand.
Bottom line, Kobold was also a disappointment.
RachT - You say: "If an object that you own has dropped in value it's worth has reduced; you've made a loss, pure and simple."
Okay, but I have not sold the object. Have I made an ACTUAL loss on the object? Give me a pure and simple "Yes" or "No" answer.
Standard question but I think a fair one. I guess you are still a shareholder? If you think JAY is going to go bust why don't you sell up ? Or the same question another way round why are you still holding ?