Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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You are very much more knowledgeable than me; don't understand a word of the last post but that's a reflection of me not you.
However, it is unfair of me to say that if you had a large holding in JAY and /or being a LTH you would know who Ken Mitch was ?. Somehow I suspect not on both counts.
Wouldn't that be great if Jay could capitalise on helium, but let's not run before we can walk. Helium is extracted from a piped natural gas supply and natural gas contains only 1 – 4% helium; what becomes of the remaining 96-100% of the NG? So first we need to establish the quantity of natural gas, then what level of helium it actually contains. All current global helium refineries are close enough to a NG supply for it to be piped to the refinery and the remaining NG piped to consumer or liquified for transport. So Greenland would have to permit the building of a gas refinery to refine for helium and then to liquefy it and the remains NG for bulk transport. I am not so sure they will permit such developments but only time will tell. Time is also another factor; a huge viable supply of helium was found in Tanzania in 2016 and was at the same expected to come on line in 2020 – the latest estimate is now for 2025. And that's for a country in which construction can be undertaken pretty much all year round. I can't see helium being produced in Greenland for a long long time, if ever, at least not while other more economically viable and easier to source supplies are available. If there's gas under Jay's patch then there's more than likely to be exact same under AAs larger patch - I know which one I'd be backing in that 2 horse race.
Catbert.
I completely agree with you, any extra information that could underpin the economic case for Kobold to drill has to be good for JAY. The green case is beyond doubt, electric also looks as if its going to be replaced by Helium / Hydrogen. the Ni is also in vst demand ahead as is copper and the other metals Disko may come up with. Dundas is surely the monster it has been described as being since the 19th Century. I am bullish, stocked up and waiting patiently though it has to be said i have learned the finer skills of being patient as a long term JAY holder.
We are though, beyond doubt, at an inflection point with JAY, my guess is we will be hearing more about the Helium as well as Kobold before very long. As far as AA go this new BHP interest may stall or even speed delivery on our potential suitors.
I'm wierdly bullish on the Helium story and no I haven't been at the catnip. No yet anyway.
Here's why;
1. We have a fukton of data on Disko (yes that's where the helium is likely to be - hot springs thinning crust same as the other folks project on the Western side of Greenland (which has licences for Helium and geothermal spings)).
2. Helium is soooo light it should show up in the data.Magnetics Gravity etc.
3. The most recent appointment was a geo with a lot of data analytical skills.
4. We have both heat (geothermal sources) and cold - it's greenland perfect for producing liquid helium.
5. Assuming we get Kobold to drill we should know where the helium is.
6. Helium is typically extracted from natural gas which is a green transitionary energy source we aren't after oil we're after Helium and natural gas. Both of which have excellent green credentials.
7. The board have just given themselves a shed load of shares which vest at 1p- clearly they know something as their next RNS was the Helium one.
8. There have been some big late posted sales going through since then.
9. The board has got a lot wrong however even a broken clock is right twice a day.
10. Letting the share price drop was possibly part of the BODs plan (they get their options vesting at a nice low price).
I wouldn't bet the farm on this given the track record - it would be a horribly big risk but I'm a bull here for the above reasons.
GLA DYOR
Google says it's down but no sign of it on here yet.
Kat, I was going to prove you wrong by showing that there is no cod fishing in W Greenland at this time of year.
https://www.sportquestholidays.com/tour/cod-fishing-in-iceland/
March and April are apparently the best months. So now I believe you.
I friend of mine lives in Usquuuard and from his cod fish boat he saw some machinery in Disko.
Prove I am wrong.
CC - that's what I was thinking but I wanted gbennett to confirm. If you are correct then gbennett is calling me a bully for asking pertinent questions regarding Jay, perhaps they'd be happy if I just wrote rubbish in support of Jay and didn't question just how fantastic an investment Jay is, not. I note that despite being on LSE for 4 years gbennetts's total contribution to the Jay thread has been that ONE single line post saying someone is similar to someone else. In fact in those 4 years gbennett has posted a total of 19 times and only 2 of those ever got past being a one line flippant comment. Very constructive, insightful and helpful. And they've got the nerve to say someone is like someone else that they consider to be an idiot.
If Ken mich was a Jay basher it is obvious for all to see that he made the correct call, Jay's sp chart shows a steady fall all the way down. Ken doesn't look to be the idiot as far as I can see, gbennett on the other hand is looking best placed to assume that title.
Well I guess it's you.
I also guess it's a previous JAY basher.
Gbennett - to whom is your comment aimed? Who is Ken mich? You'll have to explain.
Don't you mean Disko is a sideshow ?
John Meyer implies that Zambia is a 'sideshow' for Kobold...
https://www.youtube.com/watch?v=-LGCV1ccFOM
Or both?
You sound just like that idiot bully Ken mich
Some members may have spotted that I have had to obtain a new account – when I attempted (several times) to login LSE claimed there was no account with my email address???? Yet when I attempted (several times) to register again using that exact same email it told me I couldn't use that email as it was already is use by another account. Grrrr.
Anyway, what have I missed? Not a lot – in the face of the weight of evidence and posts regarding the abysmal performance of the BOD members Ashton is still busy trying to convince us / himself that he's backing a winner. Thanks for your dedication Ashton, you must have spent several hundreds of hours on this investment.
If I may ask a few direct questions to Ashton (as I can't see where you've addressed these important points)–
1. what do you think of the news of a uturn in strategy and the complete contradiction and dereliction of Jay's 'commitment to environmental sustainability'?
2. Does the new hydrocarbon strategy meet with your approval?
3. How do you think the new strategy will sit with EnergyBreakthrough? Do you think they will be in favour?
4. How do you envisage JAY obtaining any O&G licences?
5. Do you view the related party associations to White Flame as being a good or a bad thing for JAY holders?
Thanks for your assistance.
Enuff - LWHL commented: " Perhaps they have simply not had ANY interest, at any price, for these assets?"
I was simply responding to LWHL's comment of "not had ANY interest". On the contrary, there was interest from at least one potential buyer at the time I attended the General Meeting in February 2024. There is a danger we might be going around in circles here.
No Ashton. I was merely observing the other posters' point.
The important thing is that, as you have acknowledged with that link, talk is cheap here and positive outcomes for non-employee shareholders currently stands at zero.
And furthermore, I take it that the last RNS gives you no cause for concern. OK then.
I agree with your last post Ashton. So why position the little morsel you were thrown in the meeting as having any relevance to the question of whether we are getting anywhere with sales? It’s definitely a molehill.
LWHL - You say: "I did not consider that point, enuff."
Since you have made the above comment regarding the information I obtained at the General Meeting, your comment deserves a reply.
It is not unusual for company directors to disclose information outside RNS releases in open forums (e.g. media interviews that can be accessed by the general public). There is nothing wrong with such disclosures as long as the information disclosed is NOT regarded as price-sensitive. For example, JAY has already informed the market via RNS releases that some of its assets are for sale. Information that follow-up sales discussions with potential buyers are taking place can't be regarded as price-sensitive because that is a natural progression after informing the market of asset sales. What would be price-sensitive is that if and when the sales talks result in an agreement that information must be disclosed via an RNS in the first instance.
In fact, in this YouTube video interview dated 30 January 2023, Rod McIllree talks about ongoing sales conversations with potential buyers (at 18:45 mins) - https://youtu.be/i_9UOExW7Wc?t=1
Are we trying to make a mountain out of a molehill here?
I did not consider that point, enuff. Anyway, definitely will leave you all to it now. GLA.
I have seen the most recent RNS. Which lacks any explanation for the change of direction over the number of assets that are apparently now up for sale (I guess this could change again at the drop of a hat).
How credible the potential buyer is that they mentioned to you, well, time will tell.
I have heard that one before in other outfits many, many times and of course here in the past too. Especially in relation to Dundas. Years have since past and quite frankly, it remains a complete shambles, IMO.
There is simply a lack of track record at delivering....well, anything, for ordinary shareholders here.
More importantly, did that last RNS strike you as remotely credible, Ashton?
Anyway, I see I am going round in circles here. Good luck to you and everyone else too. No more from me until the next RNS here.
Ashton, does it not concern you or even ring a few alarm bells that the director you spoke to is prepared to divulge to a member of the public at a general meeting, more than had been disclosed in an RNS. Do you think that is acceptable? If so, what do you think they might disclose to others, closer to the fold?
LWHL - I should have added this to my last note. Please take a look at the last paragraph of the note I posted on 6 Feb 2024 at 13:53 after attending the General Meeting the day before.
LWHL - You say: "Perhaps they have simply not had ANY interest, at any price, for these assets?"
Not so. There has been an interest from at least one party. I attended the General Meeting in February 2024 and came to find out from a member of the Board of Directors that a potential buyer from South Asia was engaged in talks with JAY about the sale of assets.
You say JAY has been talking "for a long time". I would not describe 4 months as a "long time" considering any potential buyer has to carry out thorough due diligence and also negotiate mutually agreeable terms. This can be a prolonged affair. Just because we are in a hurry does not mean the process can be hurried.
LWHL. What I see, other than a need for cash, is a strategy that seems to be changing (potential acquisitions, Helium, petrochemicals) and with each day that passes further diminishing the likelihood of any drilling on Disco (if ever it was a possibility).
Perhaps the cash raised will last a year, but we don’t know the current run rate nor what had been spent on redundancies. We can also observe almost no interest in junior miner/explorers unless they happen to be involved in the current flavour of the month (be it uranium, lithium or dare I say it helium). Just look at metals one. Haven’t done anything wrong as such (not by JAYs standards) and the SP isn’t very promising.
Strategy? Try and keep the lights on without flogging your best assets for a pittance. Hope things get better or AA decide to boogie on down to the Disko.