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Cheshire - What prompted me to post this note is what you have said recently: “Hopefully this won’t drag out for a decade! Waiting for some good news soon!”
Yes, I hope we don’t have to wait a decade and will have some good news in the near term (2024/2025). Anyone who has researched JAY properly will know that it is a HIGHLY SPECULATIVE HOPE SHARE. There have been relentless prophecies here that JAY’s future is doomed. Such opinions are just that and not the facts. The same applies to bull opinions, they are just that and not the facts. The factual position is we do not know the answers to too many of the questions in front of us to determine - with a good degree of confidence - whether JAY is doomed or will prosper. So, what are the questions and let’s take a look at them:
1. Will KoBold unearth a mega find at Disko?
2. If a mega find is unearthed, how might the share price react to the news?
3. If a mega find is unearthed, will a mining major become a partner soon after?
4. If a mining major becomes a partner how might the share price react to the news?
5. Will Nikkeli be listed on the stock exchange if a mega find is unearthed at Disko?
6. Will JAY succeed in selling any of its assets?
7. If so, how much cash will the sales bring in?
8. How might the share price react to the asset sales news?
9. Will there still be a commercially viable route for the Dundas project?
10. Will the new Thule copper asset turn out to be a commercially viable project?
11. Will the mining major who has already expressed a specific interest in the Thule project become a partner?
12. If the mining major becomes a partner how might the share price react to the news?
13. Will Kangerluarsuk and Hammaslahti turn out to be commercially viable projects?
14. How will JAY fund itself over the next two years for housekeeping expenses and costs associated with progressing the Disko, Kangerluarsuk, Hammaslahti and Thule projects?
15. Will there be a takeover offer for JAY?
16. Will JAY go bankrupt?
Until we have the answers to these questions, anyone who shouts that JAY is doomed or will prosper is simply expressing opinions and they are not facts. The fact of the matter is JAY's future will unravel when we have the answers to the questions I have listed. In the meantime, we will hear lots of opinions, both bear and bull. That's fine, but they are not facts. Until we have answers to the questions I have listed, JAY is HIGHLY SPECULATIVE HOPE SHARE. I suspect any neutral observer who has researched JAY well will know all this stuff already but I thought of listing the questions anyway.
My good wishes for your investment.
Ashton. Much more briefly. Question 14.
How will a virtually worthless company with shredded reputation raise money to drill at Disko next year even if that actually happens?
Good question.
17. Will KoBold and JAY agree to revise the terms of the current JV?
18. If so, what will be the terms of the revised JV?
Ashton, glad you're back posting, knew you wouldn't be able to stay away for long :-)
No one has said that their speculation and prophecy about JAY being a poor investment (that may expire worthless) is fact. Of course, they are opinion, what a ridiculous thing to claim that posters opinions have been posted as being fact. No one can predict the future. What has been posted is the FACTS about Jay's numerous past failures, it's dire performance, the failure of several companies associated (past and present) with certain BOD members and the very questionable antics of the present BOD. These are FACTS – I note that you have not denied or challenged any of those FACTS,(even when asked to do so), bizarrely you simply ignore them. How remiss of any investor to have knowledge of a company's past and the unreliability of its BOD and to not take that into consideration when making an investment, in any company. Do you make a habit of ignoring past performance of a company and its BOD before investing? Would you consider that to be a successful investing method and therefore recommend that approach to other investors?
There is little need to repeat those facts but it is those very facts that has shaped a lot of people's opinion about JAY. You are hoping (this is no more than a hope share as you say) that you will get some good news in 2024-25. Has the last 6 years not been full of good news? You have trumpeted every last little occurrence as being good news – yet here we are 97% down. What about the previous good news; the Ilmenite concentration, the Gov.t support, every licence that Jay has acquired, the 42k shipment, the 9ton boulder, the Kobold connection etc etc etc. All have been of no benefit to the shareholder, is the BOD useless or is it useless? This is no more than a gamble – you are gambling on how the BOD drive shareholder value going forward – on their past performances that doesn't look good odds to me, it's an outside bet at best.
Good luck with recovering the 97% value of the investment that you've already lost. Jay's price will have to rise by 33 X for that to happen – with added dilution to fund ongoing costs and no money coming in from any other source I can't see that happening. Of course, that's my opinion and not fact.
Ashton...i agree with all your questions.
The issue is that...we dont know what is going on.
The sad issue is that BOD doesnt give any positive signs. I dont doom the miningbareas, I criticize the BOD. I believe in the licensed areas...i am negative to these BOD. And i am a kind of person that does not like sneaky management. I prefer honest and competent and hard working BOD. This is not the case and multiple episodes of abuse and insider acts are well known. Its sad.
Its so good to have you back Ashton...
Q19
Q19 Why don't Kobold just buy JAY for petty cash...?
Redknight - Thank you for the question "Why don't Kobold just buy JAY for petty cash...?" I have covered your question under my broader Q15.
That said, my personal opinion is if (and that's a big if) there were to be an offer from KoBold, it would be for JAY's 49% stake in Nikkeli Greenland A/S rather than the whole of JAY. I say this because KoBold's business model covers only green transition minerals projects. They are not interested in non-green transition minerals projects. As you will already know, JAY's project portfolio is a mix of both green transition and non-green transition minerals.