Member Info for enuffRMbs

Looks like MLSA 380 was one of Joshua’s! Applied 21 December 2023. Wouldn’t it be ironic if Dundas is back in play?

I’ve lost so much on JAY, but boy oh boy it’s by far the most entertaining pile of s**t I have ever lost money on!

Presumably he would have been in charge or at least Bluejays main man at Disko drilling.

The comedy continues…

I’m with you Kat, even though I desperately want this to succeed.

Given K understand the challenges in Greenland (to their cost during 2022 fieldwork), you would assume if they were keen they would give maximum time to get everything sorted in advance, not do it at the 11th hour. Makes no sense.

If they are keen, I really don’t think they want to involve JAY who are demonstrably incompetent. Would you?

Also, it doesn’t matter how big they think the resource might be, the flip is how much to get it out the ground in a challenging environment. Maybe it’s simply gone down in their priorities as they research ever more prospects. I suspect Disko is very much in the high reward / high risk quadrant.

Yes Annoying, and the same folk who got the last lot at 20 and sold all the way up to 30 odd will have another bite.

But we knew this would happen.

Smiller, I fear it will be cash first as we must be running on empty. Or they would have said we are fine in RNS. That’s why Harry Ansell at WH Ireland is there. He just sorted a million to keep the lights on at JAY (where Rod and Troy are). Funny how the same names just keep appearing.

Hope I’m wrong.

Two concerns apart from no mention on team.

1. No mention on cash position. Did I miss that?

2. No mention on Anglo. Wonder if Troy put that together (his old employer) and it has gone cold.

Coincidentally AA released q4 update today. They have 8m tonnes of high grade ore piled up in SA waiting for a train. Out of a global 35m tonnes per annum. I’ve never understood why such a tiny volume would be of any interest to them.

Perhaps a few of you could look up Minedex. Type in Alien. See what conclusion you reach about the status of our projects.

https://minedex.dmirs.wa.gov.au/Web/projects/details/8bfa9e6b-ae14-4b4a-aa02-7bbeeaea4635

You are missing nothing Chirpy.

Bluejay would have 51 of Disko and maybe a few million in the bank if they can offload some discredited Finnish assets and Dundas (good luck with the latter). And if K don’t drill it sends a clear message.

Plus anyone who had 2% of JAY will have, combined with K, control of Disko. They have time on their side and plenty of other prospects.

We have one prospect, not much cash, very little credibility left ..

I think I’m out. Will keep a few thousand for nostalgic reasons..

Point 2 is tosh. That would be market sensitive information that would clearly be available or discernible to a select few outside of the company.

What refreshments were served Ashton? I am keen to know if they are being as frugal as Rod claimed in the last interview?

Rich tea or chocolate hob nobs?

Apparently they are open to partners. But I think they mean partners to share the costs of mine development rather than hapless explorers who spend more money to reduce the JORC resourc.

https://www.reuters.com/markets/commodities/billionaire-backed-kobold-says-open-partners-it-plans-2-bln-zambian-copper-mine-2024-02-05/#:~:text=CAPE%20TOWN%2C%20Feb%205%20(Reuters,could%20cost%20about%20%242%20billion.

Why on earth would you launch a campaign again if you had supply problems? Don’t be idiotic

And Amazon is back up to 5k+ sales in last month. Not up to the 7k+ at launch but nearly.

It’s totally marketing driven at this stage and needs reach. I wonder if Coopers are delaying in other markets as they are working out that it needs a lot of spend in year 1 to get it going, and as soon as you come off the gas the sales drop back down (apart from the repeat purchasers that you have converted).

Why would anyone want just 2%? My naughty conspiratorial self says that if K don’t drill they only have 49% at the end of year (potentially of only Greenland asserts). 2% would be useful then…

I must stop thinking negative thoughts!

Birdy, I am sure the cleaner empties it daily just after he/she deletes all the emails asking why there is no update on the new team. Very efficient.

Did we all notice that lock in on Metals One has been extended until end of 2025. I guess you wouldn’t agree to that if you felt we might be desperate for cash later in the year.

We are now a much more focussed and efficient company that sells.. er nothing

Income from investments greater than sales…

Oh dear

I’m with you Iv.

The new strategy of Hope that Kobold drill, flog stuff in Finland and maybe drill in Kanga sounds awfully like what RE was doing?

It is terribly undervalued, but so are most juniors.

Ashton, is this the sting in the tail to which you have alluded several times?

Same old, same old for me.

Ashton, do you know when this changed? Also, can you explain the purpose of the related company in the Cayman Islands (Nikkeli Projects) set up in April 2022, just before the aborted separate listing and Rods resignation.

Guess it’s all back on the table..

And..

As Robert Edwards and Peter Waugh are former directors of the Company, their participation in the Settlement Share issuance constitutes a related party transaction for the purpose of the AIM Rules. The Director, independent of the issue of the Settlement Shares and the Placing, being Harry Ansell, considers having consulted with SP Angel, the Company’s nominated adviser, that the terms of the issue of the Settlement Shares is fair and reasonable in so far as Shareholders are concerned.