Bluejay Share Price (JAY)

On that note, have a Quick Look towards the back of the recent Alien (UFO) annual report under the director and ex director holdings and what do you notice Rach?

And no doubt utilise the ridiculously cheap options the 3 bs'ers have just given themselves. Looking after shareholders interests - I don't think so, never have never will.

And as I have stated before, RM knows this which is why the best time to cash in is early days with the hype hence the original strategy to hive off Disko raise hopium ££ and cash in some of his shares.

Thanks to Ashton for posting this - its a great example of what happens to a junior miner and how long-term shareholders are often treated. The shine has already come off the news that BHP will be stumping up loads of money to further projects - the price has already fallen by 15% from the spike caused by that news and looks set to fall further. But surely BHP involvement was great news? Well, at least Kingsrose maybe able to fight another day but it looks increasingly like Kingsrose may end up with no more than the 2% net smelter royalty - not the expected return from all the hype given to the shareholders throughout the years, by RM in his tenure too. The minimum BHP will earn is 75% of the JV but if Kingsrose fail to match subsequent investments by BHP dollar for dollar they will be diluted. If their share of the JV drops below 10% they only get the 2% royalty. I don't think the company will be in any position to match BHP financial input - its losses from operating expenses are huge and set to continue.

Any money from this JV is unlikely to materialise for several years and when it does Kingsrose will struggle to retain its share above the 10% threshold. Why should such a s**tshow as Jay be able to negotiate any better deal?

RachT. I do like that ASX force you to do a quarterly cash flow and activities though. You can much more clearly see cash burn and forecast when a raise is coming. AIM should adopt this - of course they won’t.