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No. Sadly, this is becoming uninvestable.
Superb assets, but completely stagnant as an investment. No advantage in being a long-term holder. May as well have just stayed on the sideline and jumped in after news, which seems to come one or twice a year.
@Monkey: "While you wait why not take a min to look over RMM. Copper and gold play. Things are starting to look good over there :)"
If you want a pure copper play that is less risky than RMM, debt-free, cheap, pays a 7.5% divi, hugely profitable, with their mine in Western Europe, checkout Atalaya Mining. It's similar to CAML, but twice as profitable and much cheaper.
Disclaimer: I hold both RMM and ATYM, but I only have a tiny position on RMM.
@nlondon1234: I agree. This has been one of the most boring shares I've ever owned, except with the last announcement. It's a bit like holding a lottery ticket or a lit firecracker, depending on your viewpoint. I can see it drifting down more if there's no news, but exploding (hopefully upwards) after news.
Look what ggp did.. jay is potentially the ggp of the ev era (excluding Dundas - Trump you can call a total idiot.. but either he was/ or someone advised him correctly on China policy and Greenland's wealth which is just beginning.Anyway not meaning to intend to ramp but up early and bored.
With so many potential rerate catalysts and the nature of aim.... surely this is a boring hold?
Dundas funding, Rio or Bill Gates news could come out of nowhere and we could open anywhere from 20% to 100% higher.I must admit this is boring but real investment is supposed to not be exciting the majority of the time no?
"We are currently in discussions with a number of entities regarding project financing and these are progressing well."
No progress almost a year later... A total vacuum of information. Literally nothing except promises of future riches for an investor. Zero revenue. I hate to be harsh, because I have a significant holding here (damn!), but something has to change.
Good post milender reminding us of seerial intransigence of a hapless BoD who promise the world & deliver little RM has imo been a busted flush for quite some time. Quite simply these ne'er do wells need to actually work for their money.
It has been a frustrating year that's for sure but I do think that things have been outwith their control. The new government has been the major stumbling block but we are nearly there!
Going over the last 11 months reports posted in various RNS, here's just some of the highlighted statements made:
Close to Eleven months ago:
RNS dated 23/12/2020
"The delivery of this key milestone does not mean that we can rest on our laurels, and we remain focused on delivering the other work-streams required for the successful development of the Project. We are currently in discussions with a number of entities regarding project financing and these are progressing well.
Nearly nine months have passed since this following statement:
RNS dated 15/02/2021
Bluejay is also advancing discussions with European Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.
The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current projects and future acquisitions.
Then below are snippets taken from two significant statements made in the final results
RNS dated 24/05/2021
The Company is also advancing constructive discussions with various other Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.
During the year we achieved two key milestones at our most advanced asset, the Dundas Project, and, having received an Exploitation Licence and reached a distribution agreement, the next major milestone is securing project financing. I am confident that we can deliver an outcome that will enable us to bring one of the most significant mineral sand ilmenite deposits in the world, into production and, with progress on this made in the early stages of 2021, it is shaping up to be another year of delivery at Dundas.
Finally these are the statements you made in the interim results
RNS dated 14/09/2021
On a technical front we continue to progress the engineering optimisation and cost saving studies for Dundas which are now in the LATTER stages of completion. Added to this the Company has received Letters of Interest from three International Export Credit Agencies and we are close to finalising discussions with a focussed group of banks to create a strong consortium of partners suitable for this development..
Each of these statements that support the RNS's were made by our CEO - Chairman: Roderick Mcillree
You've made these Rod and they are there in writing now let us see this ongoing saga come to fruition if not then stand down because you have failed as head of the company..
slowly slowly catch the monkey.
trouble is this monkey has no arms or legs.
How can we be near yet when we have a BoD who rarely seem to even get out of bed ?? Jeez, they´re hopeless.
If things went any slower it would stop. O too late frozen again.
Maybe next year