Member Info for bonker99

Some tweets from Blujay earlier on:

(1/3) #JAY is AIM/FSE listed & OCTQB traded, with multiple projects in Greenland & Finland. It has 3 globally respected entities as partner, customer & co-investor on 3 of its projects. Dundas is $JAY’s most advanced project & the highest-grade #Ilmenite project globally

(2/3) $JAY holds 3 other projects in Greenland: Kangerluarsuk, the #zinc-#lead-#silver project, with 4 large-scale drill ready targets; Thunderstone, which has the potential to host large-scale base metal and #gold deposits; & its JV with #KoBold at Disko-Nuussuaq

(3/3) The Company also has a JV agreement with a mining major at the Enonkoski #nickel-#copper-#cobalt project in Finland, where a maiden drill & field programme is underway. It also holds the Outokumpu $copper-#gold cobalt project & the historical Hammaslahti copper mine

Off go the AT bots right on cue lol

The KoBold deal may well imply that geos are not required anymore :)

Yes, the beauty of this play, head-turning name-dropping news aside, is that you gain exposure to not just the Dundad Ilmenite play (penciled in at 20s by the broker of course, with nominal value applied to the other projects, and where I wouldn't be surprised to see a placing come in at) but all the other projects, none of which may involve Blujay actually mining themselves but they're the guys with the licenses and the local relationships, so that's the value proposition - perfectly possible/likely 20s on Dundas/Ilmenite alone then possible nosebleed upside from there ...

Hard to believe for many/most I know when it was at 3s and now we're battling for shares at 13s but this is how the sausages are made by the big boys.

Got my quartering timescales wrong here I think but I remember tops/bottoms/Fibs better than I do dates :)

Anyway, you get the gist - and for those worried about a low-priced placing here, MKA just today placed £5m at 8-10x the price they were at their 2s bottom last year so, again, maybe there's a clue there for you - it's all about having the right asset(s) at the right time, the market will do the rest.

Who knows but agree about Rio Tinto - they're all over Greenland with their own acreage of course and have already inked deals with Blujay in both Greenland and Finland for more of Elon's nickel.

https://www.highnorthnews.com/en/rio-tinto-returns-greenland

https://www.mining.com/rio-tinto-bluejay-to-jointly-explore-nickel-project-in-finland/

If you think Blujay may merely be an on-the-ground facilitator rather than digging stuff up themselves then you may be right but that's quite the position to be in with global heavyweights like Rio and the billionaires - again, this chimes with MKA and their rare earths which netted a nice 14x (so far) for those lucky enough to buy in at dead bottom after they had quartered the price beforehand of course - ring any bells? ;)

That quartering at MKA took a year to do the full climb to 30s from 2s - given the quartering started here in December last year and I'm, typically, a swing trader over 3-4 month timescales, you'll appreciate why I'm here.

Nice £20k buy at 13.9p - another director weighing in perhaps ;)

I would expect the Dundas money/JV stuff to be significantly affected by the JV news we've just had with the Gates and Bezos mob.

Yes, I'm sure they couldn't get those new numbers up there quickly enough :)

Flipping shares at low/mid 13s so far then - fingers crossed they get/keep her lower so my partner can also weigh-in with a nice entry :)

They've gotta "make a market" which means up to get shares or down to get shares - don't sweat the dailies IMO unless you're day trading?

I couldn't get a quote below 14p so maybe there's a clue but if not then plenty of dry powder if they can tweak her lower.

Took an age to get a quote but snatched a few more at 14p - see what happens next :)

Auction :)

Morning.

Ah, the old buys showing as sells trick has been deployed :)

Ta.

Just to pick up on the other point raised about volume drop-off in the US.

Friday's -10% day back to c15p from c17p in the US was on c1/3 of the multiple daily buying volume that preceded it so maybe there's a clue.

Likewise, the AT computer action here once the US opened on Friday was frenetic and actually lifted the SP here to a 15p close in the opposite direction to the US.

That, plus the two whopping gap-ups we've had and the comedy TR1s (cos, yes, this is exactly when you start selling your shares ...) suggest to me that there's "stress" here in terms of making a market and that there's the usual fun n games going on to "facilitate" what looks like a desperate share grab by all and sundry - not at any price no doubt but nevertheless, we're still just one week into this so who knows where we end up by next weekend.

Clearly, they'll have to find a trading range for the short-medium term before the next sizable move so they can make a normal market and relieve the "stress".

Given the directors weighed in at c14p, I'd suggest that's as good a marker for an all-time bottom from here as you'll ever get, plus it's the price we last gapped-up too to boot. What that range will be I do not know but of course they will have to "flag" this at some point with some sideways/down action for a significant amount of time - the trick is guessing where the top of that flag pole is, it could be anything up to 35p IMO :)

Evening.

As I've said before, I agree about the immediate-term SP being irrelevant, it's all about getting yourself a piece of the action then letting it play out from there over time.

I've got a large amount of these at 11s and am really very happy with that as an average over the longer-term so if they temporarily drop it a couple or three pence from here then I buy (much) more, if they hoik it up to/wards 20s then I've got an option to trade some out but anything inbetween is sit and hold/wait territory IMO.

I suspect it's unlikely it will drop below 14p however although it will likely return to 14s at some point I'm guessing ...

My partner is waiting on a large transfer which may take a week or two to arrive and that's all coming in here too - hopefully we/she can get 14s or lower but if not then so be it - we had the conversation about it over the last few days and she's totally sold on it (who isn't?!) and perfectly happy to sit on her hands for a couple or three years to make this a possible pension booster/maker in a relatively short space of time.

Funny how many define long-term, that used to be/should be 5-10 years but this is likely to peak within just a few years.

Anyway, that's my genuine view here but you do you :)

GL :)

https://www.globalminingreview.com/mining/11082021/bluejay-mining-signs-jv-with-kobold-materials-for-disko-nuussuaq-project/

I'll take the usual reverse-read from the MF:

https://www.fool.co.uk/investing/2021/08/13/the-bluejay-mining-share-price-has-doubled-should-i-buy-now/

https://www.thisismoney.co.uk/money/markets/article-9890875/SMALL-CAP-MOVERS-Bluejay-Mining-flies-high-BOTB-crashes-sales-fall.html

UTV!

I think it means they've - maybe - offed 2-3% of their enormous holding.

I'd just like to register my thanks to these "honest brokers" for letting us know they're "selling" as they did at 9s a few months ago ;)

Then perhaps someone needs to learn how to fill out a TR1 :)