The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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"Bluejay reaffirms its commitment to transparency and integrity with its shareholders and will continue to prioritize clear communication, accountability and ethical conduct"... how ES and RM can say that with a straight face is beyond me!
The broker / John Meyer does not run the company, they are for advice, interpretation, networking and analyst etc. As they advise many companies, they are very much led by the materials given to them by the company, if there are dubious actors with malicious intent, the broker can only voice their opinions (with John did - numerous times). As always , nothing is “black and white”, there are shades of grey. Let’s see the next instalment and progress to recovering some sensibility - clearly things are in progress.
Yes John Meyer - the very same chap that once touted JAY to be worth 40+ per share but all the while he was busy ramping JAY his co. (SP Angel) were selling the shares they held in JAY into the price spike he created - nice work if you can get away with it, after all poor chap needs a decent salary for his exemplary work.
Im not sure why people keep referring back to the previous bod in such a way as to suggest anything they stated or promised holds any value whatsoever. The only material we should now be focused on is what s provided by the current bod whether you like/ trust them or not...they now have the wheel
Ah, John Meyer. A voice perfectly suited to TMS. Working in tandem with Aggers might confuse the listeners though.
As for his stock picks: listen to 'mining sector stock tips for 2020' (SP Angel 27 Dec 2019).
One of several reassuring commentaries on Bluejay, all of which, at the time of print, have been an absolute disaster for anyone who put money here.
Would be interesting to know if he remains bullish still on this one (and on BMN for that matter, which was also one of the gems he picked in the video as cited above).
To be fair, John Meyer always doubted that drilling set up.
https://www.share-talk.com/sp-angel-morning-view-todays-market-view-tuesday-16th-april-2024/
Acquisitions equals Thule black sands, surely
"The termination as of 28 January 2024 of the employment of Mr. Joshua Hughes, Vice President of Exploration, due to gross misconduct. Following an investigation, the Company found that Mr. Hughes had set up a competing business intended to operate in Greenland and, in breach of his employment contract, found that he had (i) misused Company confidential and proprietary information in securing exploration licenses surrounding the Company's Dundas Titanium project, and (ii) sought to conceal certain of these actions from the Company."
Mr Hughes actions suggest there is some value in the project, but IMO no one outside of JAY is going to trust any historic Dundas results now without further drilling.
Time they started extracting value from their existing acquisitions instead of spending on more opportunities in Greenland.
I'm expecting another placing this year (soon!), so that they can drill something, esp if Kobold dont drill Disko. They cant/wont sit on their hands waiting for an asset sale. which could take years.
All things considered, including the cash position, would further acquisitions be welcome though, Ashton?
IMO, you would be better off selling the non-Disko assets, as the BOD have said they would back in December, if memory serves correct, and then, should these sales result in a strong cash balance, new acquisitions might then be more logical, to my mind anyway. Especially in a challenging lending climate such as this one.
The risk of biting off more than one can chew comes to mind here too.
But look, you seem to remain bullish and good luck to you and fellow holders.
LWHL - In the note you posted at 07:39 today you said: "NO PROGRESS on selling this, or any of the OTHER assets, one can only presume." Fair enough, that's one way of looking at an unknown situation.
You will recall that in the note I posted on 14 Apr 2024 at 20:46" and addressed to you I asked: "Will JAY succeed in selling any of its assets this year (in other words some kind of inbound partial or full ACQUISITIONS of JAY's assets)?"
Eric Sondergaard (MD) says in today's RNS: "As Dundas is fully permitted, with a valid mining license, we will continue to review critical aspects of the project, as well as potential value adding ACQUISITIONS within the country."
The reason for choosing to use the word "ACQUISITIONS '' in my note was not random. That said, we have to wait and see what JAY actually meant by "ACQUISITIONS". In the meantime, all we can do is engage in positive, negative or neutral (open-minded) views on the matter.
Please do your own research.
At least the JAY SP isnt plagued by Bots...unlike SOLG...
Market seems tom like it...JAY is the only blue on my screen today...
Was it?
And if so it makes the Disko 'blowout' that I was told about even more credible...
Full ask paid...(in cash,no cheques)
Hey :)
Amazing isn't it - perhaps we should put Unai Emery in charge.
The ultimate coin toss here as ever - unfathomable upside if it ever comes off - hard to ignore @ £4m - chart suggests it was always going to be here/now - let's see ...
Nice to see you.
Our football team is doing better than our investments; can't have everything!
Interesting chart timing - was to be expected I suppose in hindsight - who knows eh ...
https://x.com/bonker_99/status/1780133650723377528
Up 2% at open..
LOL - you couldn't make it up! That smacks of incompetence - incompetence the big boys will just climb all over themselves to team up with, NOT. Expect more 'great' news about Dundas soon; looks like RM & his cronies are realising all their other schemes are doomed to failure and are desperate to rekindle any interest in JAY that they can. Probably big up Dundas again and try their usual tricks to con investors to part with their money. Now that they have a very very much reduced pool of experts (sacked them all) it's rather strange how it's so easy for the one or two left to discredit previous findings when it's convenient to do so. My guess is that Kobold are not going to drill & nobody wants to partner JAY - and RM knows it. Could be proved otherwise but why reinstate Dundas by using the feable excuse that they think shouldn't have used diamond drilling - weren't we told time and time again there is years and years of eroded material already to be scooped off the beach?
In fairness, this pretty much confirms what a lot of people on here already suspected especially related to the drilling method.
However, the damage is already done to investors trust and just because they have reinstated prior resource estimates doesn't mean that everything will suddenly be alright.
What to say? This company remains a real head-scratcher.
At least holders have an update on Dundas I guess, although this looks like a lot of road still ahead before any kind of destination, to my mind. No progress on selling this, or any of the other assets, one can only presume.
It will be interesting to see what the market makes of this and whether they interpret it differently to current or former holders that feel mistrust or at least cynicism, based on our experiences in this name.
It will be interesting reading the differing opinions today. GLA.
Ok RedKnight, let’s go with that. So should we accept the Disko fieldwork conducted over same period managed by same people?
I'm only an amateur but having read the RNS in detail it seems that 2022 was an utter shambles.
Let's see what the market thinks. It strikes me that the Board wouldn't reinstate Dundas without good reason, especially with cash resources so limited.
And the award of options at such a low strike rate suggests either a degree of optimism or the possibility of a predatory approach sooner rather than later.
Indeed this revision may be inviting one.
After all, even at 1p AA, RIO or Kobold could pick this up for c£17 million...buttons...
Don’t be like that Big Boy. We’ve struck gold! Comedy gold.
Surely everyone will believe it all. A Qualified Person has put their name to it after all. Oh, it's RM............