Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
The fact that they spent money on Disko in the past doesn't mean they will in the future. All the news around KoBold is around Zambia and Congo nowdays. Walking away from a potential project since there are better opportunities elsewhere should not be ruled out.
The clock is ticking and there is indeed a MUST to announce 1-2 partnerships. Keep in mind that Bluejay isn't in the best position to negotiate a deal/ partnership. There is plenty of reason to worry here. It's now on Rob Edwards to show if he is able to execute. I think he could be, but he's not playing with a great hand of cards.
China restricting graphite exports. A mineral that can also be found in Amaroq portfolio
Nørrearm up to 14% graphite in rock chip samples. I wouldn't be surpised if the area of Nalunaq also contains significant graphite since the Greenroc Amitsiq play is between Nalunaq and Vagar ridge https://greenrocmining.com/wp-content/uploads/2023/01/Screenshot-2023-01-24-143916-website.png
Https://www.youtube.com/watch?v=dPE-bB-w5Kk&t=1410s
- Sava 4 drill holes results expected end of November/ early December
- Geophysics + Drilling 1 Hole Stendalen. outcrop of nickel copper PGE. Deep hole up to 1500m. They hope to finish this this year
"1. Deliver one, ideally two, strategic partners before the end of 2023"
76 days left until end of the year. Take out all weekends and holidays and it will be 50 days (or around 8 full weeks) left to achieve. Not reeling in a strategic investor soon will make things very difficult.
Point 2 and 3 are strongly related to point 1. Its getting strategic investors on board, or further dilution by PP. (which would be a big failure)
Point 4 they are depending on Kobold. Right now the only news we see coming from Kobold is Zambia and Copper. I wonder how high the Disko project is on their list.
To me the Rob Edwards G&A comment just shows how desperate JAY is for strategic capital.
"So we don't have to go cap in hand back to our AIM-based shareholders for another round of G&A capital to keep us alive."
He even mentions"to keep us alive" A strategic investor knows and will keep in mind.
Next to trying to deliver strategic capital perhaps he could also focus on cutting down the £900,000 G&A . This company needs some trimming in expenses and projects.
This company should make a clear decision on which direction to go. Too many projects in 2 different jurisdictions.
As for strategic investors it could pay off for them to wait even longer to get even better conditions. They know they are a lifeline for the Bluejay management.
"The £600,000 ($764,000) gross proceeds were raised for the further development of the Hammaslahti Cu-Zn-Ag-Au project and for general corporate purposes"
I wonder what part will be spent on the development. General corporate purposes sounds like management salaries...
Took a position here this week. 1st I time I've bought a stock on the LSE (still don't like this auction system....) .
Many potential catalysts and scenarios possible here with DISKO as the company maker asset
Now Rio Tino is out of the Finland projects I certainly hope to see more focus on Greenland.
https://twitter.com/bluejaymining/status/1615998116485890049?s=61&t=MBs-Z0jZPG_vI9d4okOjJQ
This article is a good summary: https://www.marketwatch.com/story/amaroq-minerals-intends-to-raise-gbp30m-for-greenland-gold-project-271666199533?mod=markets