Member Info for CynyC

Long term holder here.

Does anyone know what's going on with ME Group?

I know that it's put itself out there for anyone interested in acquiring but have not heard anything solid since then.

???

MAGA!

LOL, LOL, LOL

Pedro,

I understand entirely what you are saying, however I can't see how your post would interest many other serious investors.

Why would anyone with MTL or any other stock follow your lead or hint towards THX.

You have done well investing in MTL but strangely, given its very likely (or even if only SLIGHTLY possible) trajectory, seems an illogical move.

I have only been in this stock since July last year @ 4p and if I wished to cash in and buy something else I would find it a very difficult (due to looking stupid) to sell more than 2/3 of my holding. Selling 2/3 would leave me with 1/3 showing an original gain of around 275% and a notional gain of 1125%.

That is a LOT of gain, with my withdrawn 2/3 still showing as an overall profit on the full investment in MTL of over 150%, even if I was to subsequently lose everything on the remaining MTL holding. I have kicked myself too many times for 100% cash-out on a winning stock to contemplate doing it ever again.

So, I am surprised when an activist investor takes such a 'wise' course! ;o)

LMAO

LMAO

LMAO

That is SO good Bluesky2033!

You made my day with that post.

Thank you!

Good luck Tony

"The Company has agreed to issue 3,798,911 new ordinary Shares of 0.01 pence in the Company at a deemed price of 4.73 pence per Share ("Fee Shares") in satisfaction of a fee payable to the Investor."

So, the unknown 'investor' will receive the above 'huge' bundle of free shares, merely as a 'fee' for making their investment.
So 'we' are effectively paying this investor to make an investment that is not available to us as existing investors. Nor are we ever promised free shares in return for our own investment in Bluejay.

It seems to me, that this is yet another way to 'extract' cash from Bluejay at the expense of existing shareholders whilst giving it the appearance of an injection of capital.

The true cost to the unknown investor will turn out to be ZILCH, NADA, NOWT, ZERO, NOTHING!
But that investor will then hold a huge wodge of Bluejay's diluted share capital that they will gradually sell off to extract their cash value for the benefit of that 'lucky' investor, passing on the duff shares to newly excited PIs wanting to take a speculative punt!

"The first phase of regional-scale geochemical sampling and reconnaissance by Bluejay in 2020, supports a previously unrecognised southern extension to the Nanortalik Gold Belt that hosts Nalunaq gold mine (held by Amaroq Minerals TSXV: AMRQ), only 25 km west of our Thunderstone licence. During Q4-2022 Bluejay reduced the licence area of the Thunderstone Project, retaining the most prospective areas for gold and base metal deposits and focussing our exploration efforts to advance targets and move them up the value creation curve."

'The most prospective' can be translated to mean 'with the least potential'
Prospecting is simply 'looking for' something.
When an area has 'prospects' it thought to have possible valuable content.
Proven resources are not 'prospects' but actually content available for recovery, economically or otherwise.
So the above statement could easily be interpreted as meaning that Bluejay retained the areas that showed the least likelihood (most prospective) of being mined profitably!
A but like someone having 'hidden potential', against another having 'very hidden potential', and yet another with 'extremely hidden potential'.
It is much more positive to go down the 'hidden' route, rather than the 'non-existent' route.
To the trained 'eye' both are the same!

Do not be so downhearted!
You are so right about Bluejay!
From a mining point of view it is, and always will be, a dead duck!
However, it is still an investment opportunity if you can get your timing right.
You need to set some very low limit buys, just below the previous all-time low (maybe 3.55p), and once the buy is triggered, set a limit sell at a level somewhere below one of the very recent highs (perhaps 4.75p). You can still, quite often make a 20-30% return but need to be patient obviously. Being a little too greedy can see you missing out altogether!
Alternatively, you could retain a small portion with a much higher sell limit, just below one of the recent 'spike' prices such as 7.00p. 9.00p, or 13.00p, and hope for a future spike after some positive WOW RNS.
It can be quite fun investing in this way, rather than taking the actual mining claims seriously.
The reason there are so many of these ventures on AIM is precisely because the regulation is practically non existent!
They are money making machines for 'The Boys'
They are 'hustles' carried out legally by financially savvy 'grifters'

The 'Jam' is ALWAYS tomorrow, and as 'any fule no', tomorrow NEVER comes!

Sadly, I think you really do need a reality check!
There may well be a light at the end of the tunnel. However, in my 45 years of experience with mining stocks, most (but not ALL) of these companies will actually switch off the light taut as you are about to leave the tunnel!
" Against that, unlike the last management, they aren't putting out a super positive press release, having a rights issue then it turns out the press release didn't tell the full truth. They are actually telling the truth about where we are. "

Are you 'avin' a larff?

They wouldn't know the truth if it stood up and punched them in the face!

I am genuinely amused at the way these RNSs are filled with the same old technical and flowery expressions and descriptions of mining processes in order to use smoke and mirrors to obfuscate the true meaning of what they are actually saying.
They use as as much gobbledygook as they possibly can in order to divert the attention of investors and make it appear that they know exactly what they are talking about but it is 'probably far too technical' for the average person to fully comprehend.
The message is always that the prospects are good but will need significant investor funding for many many years but, during each of these years, the goal of significant returns will be just on the horizon, with lots and lots of positive feedback, drip fed at regular intervals. Every so often there will be the disclosure of some hitherto undiscovered, additional, potential which will be game changing for future prospects but will require significant additional fundraising, at heavily a discounted SP. Existing investors should, of course, prepare themselves for yet another kick in the gonads, rather than expect to be offered any similar sweet deal themselves!

"There's GOLD in them thar 'ills !"
All we ask is that you pay us tons of money to look for it, dig for it and, if we find it and recover it, allow us to then sell the whole project off for naff all to our buddies who will go on to extract any meaningful fortune.

It's a bit like having a registered charity for the benefit of small group of people (BOD) financed by a number of regular contributor donors (Investors)

"Bluejay has been very pleased with the results and the cooperation with its JV major mining partner. The Enonkoski Belt has demonstrable nickel occurrences and past production within the 47.9 km2 area under license, and the Company looks forward to progressing the Project in 2023."

Bluejay is pleased that the board of directors have been able to continue paying themselves a very handsome salary in recent times and, going forward, will certainly be taking dilutive share based fund raising action to further enhance their personal remuneration at the expense of their patient investors. The SP will, however, be expected to continue its long term downward trend, unless of course any of the projects actually start to show significant signs of payback, in which case investors can be assured that any such product will be sold off cheaply to an 'associated' company that will be able to reap most of such benefit going forward. Any losses will then be crystallised for the benefit or otherwise of Bluejay investors who might then be given the opportunity to invest in the remaining ongoing projects yet to turn any profit.

"Further optimisation work in 2022 was aimed at ensuring that the Project was "fit for purpose" given the unique Arctic parameters that the Dundas Project faces. Following the appointment of a new team to lead the Dundas feasibility study, led by Mr Peter Davies, it has been concluded that the technical design and construction method specified in the 2019 PFS was inappropriate and sub-optimal, both from a conceptual perspective but also operationally, financially and logistically for a project of this nature. This included the duration of the site construction schedule, and the magnitude of the construction resources that would need to be mobilised for each of the short summer construction windows."

The expert opinions that we paid for turned out to be not so expert after all!

"So I just wait for a communication which will arrive in due course ?"

No. If you sit on your hands, your shares will automatically be transferred to the new company and your share account credited with the full amount of offer value with no additional charges.
If the offer falls through the shares will drop like a stone!

You could consider selling a chunk now and then ride it out with the remainder, although you will incur some trading costs.

GLA

Rolls Royce announced the rights issue of 10 new shares for every 3 existing shares held at a price of 32p each.
This price is a discount of 41.4% on the theoretical ex-rights price of 54.6 per ordinary share.
This price is based on the Closing Price of 130 pence per Existing Ordinary Share on 30 September 2020
What does this mean for you?
If you are an eligible shareholder in line with the event terms, the Nil Paid Rights will be allocated to your account as soon as practical from 28 October 2020.
They go Ex-rights on this day (today)

The logical price is 55p or thereabouts depending on how investors see RR post dilution. If they think it is on the up then the price will rise above 55p. If, on the other hand they think it is still in the dumps, then it will be on the downside from 55p

Hi,

I just sold my holding at 97p ex rights after contacting my broker who stated:
"You are still entitled to the rights if you sold today. we are hoping to have the corporate action live soon for you to take action on the rights. we are just waiting to receive these."

I am also looking to buy additional rights to take up together with my own from the shares I just sold.

As I said earlier the shares are expected to trade around 55p on 12th November.

Perhaps you are right.
However, in my experience, and I count myself among them, the majority of investors have already priced many upside factors into the share-rice when buying in. In other words, I have been a tiny part of the current share rally on the promise of future earnings rather than a higher SP.
That does not rule out a significant upswing on any positive announcement but I have held many stocks where a positive announcement has not been 'as positive' as investors expected and therefore resulted in a drop in the SP.
20p would be wonderful!
Good luck to all!

Thanks

Thanks B58

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Good comment :0)