Member Info for daramuda

There used yo be an amusement park in Margate which park has I think recently been refurbished.

It's called Dreamland.

Dream on with your theories about Thule BS.

Wishing you and your colleagues well with HH.

As you say Albinio74, Bluejay in one form or another have been in Greenland longer than Alba (over 12 years and Greenland Minerals is a case in point) but you go on to say that Alba are no novices currently with 4 projects there.

May I point out a difference which is that Bluejay's Rod McIllree is a geologist; George Fangeskides Alba's executive chairman is not.

Why don't you ask Mr Frangeskides whether he has ever visited Alba's Greenland licences about which he speaks on Share Talk and if so where did he stay.

Of the four Alba licences two already appear to be back on the back burner.

LOL dsfat

Let us see what comes of an initial resource from Alba.

Interesting in that the 19.09.17 RNS stated that samples had been taken from Melville. As far as I can read there has been nothing further mentioned about Melville since and Frangeskides was silent about in the interview on share talk.

What is happening at Amitsoq - last mentioned in the 2.5.18 RNS and not mentioned in the 5.7.18 RNS and work programmes?

Yes - funny thing.

dsfat - I know what Bluejay have. I have been invested since early spring of 2016. I have studied it, watched the steps that the company has taken to get where it is, the care it has taken to comply with environmental and social matters, watched the money raises (I was myself invested in the December 2016 placing) and so on.

I have in the past lost money in investments where I have relied on the stated intentions ceos/exec chairmen which have not been fulfilled for a variety of reasons.

Thus when I read some saying that, just because Alba has a licence for a property on which there is ilmenite (a licence previously held by Bluejay which its board rejected after further examination) which is close to Bluejay's Dundas area and that Alba's licence must be worth far more than the market is giving credit for because Bluejay is worth Y, I feel compelled to suggest that that approach may be wrong.

At some stage I will summarise what Bluejay has done and what in effect Alba will need to do in order to get into a similar position. In short, even if TBS were in the right geographical position, which it is not imo for several reasons, the amount of money that will need to be spent is such that the dilution will be enormous.

That dilution will then impact on any other asset which might have value (HH in point although I have not studied HH) and that makes Alba for me a most unattractive investment.

Some pooh poohed my suggestion yesterday that permafrost was hampering Alba's drilling programme with its two lightweight auger drills. If Alba cannot drill sufficient cores to effect a proper sampling examination, that has to be an important handicap for starters.

And so if I can help investors avoid or mitigate some of the mistakes which I have made in the past so be it.

In my view TBS will not succeed and the company will move on from it. If it does succeed with TBS and I am wrong, I will be amongst the first to apologise and you can remind me at the time!!

In the meantime good luck to you but do research your investment backwards forwards and all ways around. Also I would suggest keep following the Bluejay story.

Good idea although I think that Moriusaq is now catered for.

I believe that Rod loves to save a few quid for the company where he can!!

Fine. That is my opinion. Very different to that suggested by you that I said.

Posters following their agenda cum position rarely like a contrarian view. If your trading works for you good luck to you!

no jacksdad but I do like watching the sharks' story on video with my grandson.

Albinio - please take care what you allege that I have said. Earlier you suggested that I had accused Alba of misleading investors about test results taken last season and initial quality shown - I have not made such an accusation.

Had Alba done that it would be exposed through a JORC compliant resource.

I do however believe that investors should do research and where appropriate ask the right questions of the board of the companies in which they invest and not blindly follow "the herd".

All investors are investing to gain. It sometimes takes some to point out matters which may help others.

Pictures of the new accommodation blocks now on twitter.

Well put rampair. It helps no shareholder or potential shareholder if he or she is investing or might invest without proper research.

seaace - Alba nay sue me by all means. You have no idea what I do in my professional life.

I noticed that in response to an earlier post by me that you referred to the company delivering a maiden resource which you now describe as a significant maiden resource. That with respect is not a JORC compliant resource which I pulled you up on earlier and suggested that you googled to find out what JORC means.

However leaving a JORC compliant resource aside, the RNS of 5th July described that as being "the aim" and that would come out of the current work being undertaken.

Alba however has a big problem with that. The licence covers an area which is north facing.

As such the ground suffers from permafrost.

If you were to research it I think that you will find that ilmenite is a mix of iron and titanium. It is so tough that it is used to make harbours.

If it is combined with permafrost it is very very difficult to drill through.

Thus Alba will have extreme difficulty in drilling cores out of the permafrost. All Alba has is lightweight drills.

A proper drilling campaign is thus as near as da*n it impossible to succeed.

But dream on if you want. I just hope that those who you are encouraging to rely on the current campaign at Thule take notice.

I know little about Alba's other licences at present since, save for Melville I have not researched them - but forget Melville. I suspect that Alba has moved on from Melville.

I am waiting to hear more about trucks leaving HH !!

A JORC resource and its equivalent in other jurisdictions is in part designed to protect investors.

Always worth googling it. Mind you, there was no evidence in the last update that an independent company was being employed to prepare one.

Rambo - what a nice reply. The sort that makes it worthwhile visiting the boards. Yes Rod is a very good guy. He wants to do well by his shareholders of which he is one with a very substantial holding. He also wishes to minimise dilution. He and his colleagues have done well in the two and half years that they have been in charge. I am hoping that we will get pictures from Dundas over the next while; possibly worth looking in on tweets from time to time.

An off take agreement will be pivotal for the company and I know from the agm which I managed to attend that they are working on in that area. I like to think that this is my "safe" investment. Different to a gamble!!

It is a good website!!

I doubt it dsfat for three reasons that I can immediately think of

1. Bluejay do not go around collecting licences, as if it were a magpie.

2. It has other licences in Greenland namely Disko and Kangerluarsaq, the details about which are on the company's website and

3. There would be a complex process to separate the ilmenite from, not only the anorthosite, but also the other minerals.

The announcement yesterday could be transformational. The company has chosen the top tier OTC market in the US, is sponsored and all we need is that the necessary resolutions are passed on 14th August and there is no reason why they should not be.

Rambo - you are correct that no company would wish to enter into a commitment to buy and likewise no company would wish to enter into a commitment to sell a certain amount for X years unless there was certainty that the commitment would be fulfilled. It would take me ages to rehearse all the detail that Bluejay has released about their intentions to deal with infrastructure at Dundas such as a pier out of the tombolo, buildings etc. I leave that to you to hunt through the detail.

One example is of interest regarding the development of north west Greenland as much as for Bluejay and that is the fact that the population of Moriusaq has vacated the original settlement - you should find this via google. That has left empty buildings. Bluejay need to accommodate up to I believe 40 people this field season. I believe that in addition to the empty buildings they have transported some prefab items. A lot of planning has gone in to have a viable proper operation.

You may have followed the ventures of the container vessel Malik Arctica which has recently delivered a large quantity of equipment. For four months of the year there is 24 hour light and also as a farmer posted on I believe the Mike Walters site this week, farmers have to make use of what light is available to them.

And so in short within the permission that is currently given by the Greenland authorities, Bluejay will mine from the beaches etc sand and what needs t be stored will be stored.

I have no doubt that given the amount of time that Rod McIllree has been working in Greenland, the relationship that he has built up with the authorities, his commitment to perform what he says will be achieved that the company will fulfill its commitments and will be granted its exploitation licence.

I am afraid I will have to leave it to you to read all the presentations on the company's website and the RNSs. Working backwards the company has recently posted a Q2 presentation and released an informative RNS on 22nd May. I am convinced that I have an excellent investment in Bluejay stock.

Rambo - Should an off take agreement be sealed the answer to your question maybe in the agreement itself as a condition.

However do bear in mind that interested parties will have already have received samples sufficient to decide whether or not to enter into an off take agreement. Hope that helps.

wilk - you seem to have posted a link to another company which Align have examined; maybe my mistake. I have little time for Align.

The only real asset imo that Alba has is its nigh on 12% of Horse Hill. My only interest in Alba is in relation to its so called Thule sands asset. Bluejay had the licence which Alba has, took samples, tested them and rejected the licence.

Say no more save that research how much Bluejay have invested in its Dundas assets and ask yourself from where Alba will get that kind of money to get to where Bluejay are today. Research is golden - too many private investors just look at headlines and do no research.

And don't forget Bluejay has Disko, Kangeruarsaq and its Finnish assets and I am convinced Bluejay will get financial support to develop any of those. Ask yourself whether Alba will get such support with its motley array of licences. Bluejay is imo an investment whilst imo Alba is a gamble. There is a difference.