Member Info for HereforHemo

I actually find this board quite refreshing, there's little to no abuse and I find everyone quite balanced in their views, but it positive or negative. One thing is sure, no strategic deals being signed is a major problem for Bluejay, although I understand they have cash through to the end of Q1. That being said I fully expect them this year but if others don't trust what's being said then just take a watching brief until they're signed.

The whole discussion on KoBold is pointless but not for the reasons you state Ra11. It's pointless because Rob Edwards has said KoBold have agreed to drill next year and KoBold have said they'll drill next year. So we WILL get a drilling plan, just no idea whether it'll be this year or next. If its next year it'll be Q1 at latest sue to the advanced planning that is required, although personally I don't see any reason why it won't be released this year. As Ra11 states the two strategic partners are far more important though and that's what Rob says is his 100% focus.

Ashton your post is far more informative than mine, as always lol. Thanks.

Enuff i believe Kobold did spend around 4 times what was planned for phase 1 but I'm not 100% sure on the exact figure hence why I left it at over $10m. That alone would mean combined with the historical data they have analysised over $50m worth of data in order to prioritise their targets, hence why its taken so long.

Yes. I contacted KoBold directly.

Enuff As someone who has been in direct contact with KoBold, although Africa has taken a lot of the publicity of late, my understanding is that they're fully committed to Greenland and will publish the drilling campaign for 2024 as soon as their geologists have confirmed there are no ADDITIONAL promising targets they have missed. They have already spent over $10m in phase 1 (4 times what they had to in the JV agreement) and I think you'll find in the coming weeks and months that Greenland is a hugely strategic area to the USA in mining for battery metals.

He didn't say its priced to go bust either. If you're going to quote him then be factual. What he actually said was that the market had attributed no value to their Finnish assets and that would change once a strategic investor was signed up, upon which he has subsequently expanded into a supportive strategic investor, which I take to mean providing a cash injection into Bluejay taking them through their drilling programs in 2024. Coupled with RE's message 'there's money available' from another North American strategic in Greenland and 'they'd be mad not to take it', personally I think all or most of the perceived risk in Bluejay will be eliminated in the next 20 trading days. I'd however you think they'll get no strategic investment this year, then simply don't invest and look elsewhere.

Ra11 what was of interest to me was that RE has doubled down on his interview comments and actually expanded on it in his email comments to me, by saying it will now be a 'supportive' strategic in Finland. I believe its 2/3 companies they are in discussions with in Finland and 1 North American company for Greenland. Enjoy your break!

Ashton I doubt KoBold are in any hurry to offload Disko, although it would be useful to value Bluejay's stake. KoBold have over 30 ongoing projects across the globe and look to be expanding them rather than contracting, after all they're never going to be short of cash lol. Uggy you are perfectly correct, RE loses all credibility if he doesn't deliver. He didn't need to say we'll get one, preferably two strategic partners but he did. He didn't need to say by Christmas/end of year but he did. He didn't need to say they would rerate the SP back to levels not seen for years, but he did. He didn't need to say discussions were advanced and due diligence had been going on for months etc. The only outcome I see is he delivers on what's been said. Personally I'm just looking forward to the rest of the year and then the drilling programs next year.

Ra11 Too many variables to accurately predict what the SP will be in the coming days, weeks and months. Firstly it depends what level we are at when news first hits, and also the size and length of the deals that are struck. I'd still like to think we'd be 10-20% higher in the coming days as FOMO kicks in. Assuming I'm right, announcing a Finland Tier 1 WITH a capital investment into Bluejay should take this to 2p. A Greenland strategic should add another 50-60% with a KoBold drilling plan (which i think is certain) another 20-30%. In summary, if as I expect, there's a total of $50m committed over several years to drill Bluejay's assets, I see no reason why it wouldn't hit the minimum of 4p RE has stated it will rerate to. That to me still undervalues Bluejay as personally I believe we should be a lot higher with the assets they hold.

I believe the only delay for Finnish strategic is there is more than one partner pitching and RE is ensuring we get the best deal possible. Its when not if imo. Shouldn't be too long before deals are done and dusted. All in my opinion.

Ra11 The SP is always going to be volatile on small trading volume. Personally I think we had a distressed seller (who now appears out) so all being well we'll rise into news:

1 Finland Tier 1 miner strategic partner.

2 Greenland Supply Chain strategic partner.

3 KoBold $12m Disko drilling program.

At least one but possibly three positive RNS's due anytime. GLA.

Another after hours buy, 2,360,000. This was always going to rise once volume returned. Fingers crossed for another good day tomorrow.

Ashton I expect with a cash injection to Bluejay that Rios previous commitment in Finland will be enlarged. Clocks definitely ticking!

RE appears confident the SP will rerate to levels not seen for years, which would mean a minimum of 4p. That suggests to me TWO strategic deals, and that they will be substantial in nature. Therefore I expect a Tier 1 partner for all of the Finnish assets with a cash injection to Bluejay. Personally I can't see any other way this gets to 4p and above. First piece of news any day now imo, really hoping is the supply chain strategic for Greenland first up. GLA.

A final point, let's not forget that as well as KoBold choosing Bluejay, Bluejay also turned down Tier 1 interest offering far more money in order to use KoBolds technology. With that, best just to sit back now, wait, and see where we are in the new year.

Polka What you fail to grasp is that KoBold, one of the top AI companies in the world, have chosen to spend over $10m in Phase 1 and combined that with $50m worth of historical data in order to identify priority targets for drilling next year. Bluejay AND KoBold have agreed to drill and all that remains before KoBold release their drilling program for next year is for their geologists to identify any ADDITIONAL promising targets.I would suggest if you have any concerns about Bluejay's two District scale opportunities in Greenland, or their three opportunities in Finland, then simply invest your money elsewhere. For me, if KoBold and Bluejay are excited about the opportunities in Disko, then so am I.

RA11 I had email correspondence with RE about a week or so ago. One of the questions i asked was about finance. He responded by saying they were confident of getting a supportive strategic partner for Finland signed up and yes, I took that to mean cash coming into Bluejay to support their balance sheet therefore eliminating the need for further shareholder dilution during 2024. I think its pretty obvious when this happens the SP would bounce. IF KoBold metals release the drilling plan for Disko and we also sign up a strategic for Greenland this year you'd expect it to be multiples, but people are still selling so you never know. As you know I'm confident but will be happier when the above is concluded. Not long to wait either way.

RA11 'by year end' or 'by Christmas' means one and the same thing to me. With the holiday period and the wind down before we're probably talking no more than four weeks from here to get the deals done, imo. Bluejay have said to me Finland will have 'a supportive' strategic partner and I take that to mean a cash element to Bluejay. Whether we get the supply chain strategic for Greenland in place this year I'm not sure but my communication with KoBold leads me to believe the drilling program for Disko will be published soon. Obviously no guarantees on anything but I'm as confident as you can be. GLA.

In five years of investing I've never known a board so quiet, with hardly any trades to match. This is despite the fact we know KoBold have completed their data analysis of Disko and we know for sure they've committed to spend at least $12m drilling targets next year. We also know Bluejay are very confident of getting a Tier 1 'supportive' strategic partner for Finland, with discussions at an advanced stage and they're also confident of getting a supply chain strategic signed up for Greenland. RE has stated that he believes these deals are of a magnitude that will increase the SP to levels 'not seen for years' and looking back the minimum SP was sitting at 4p. What does the above tell me? The market simply does not believe him, largely I suspect due to past failures. I for one do not look at past performance, I only look at the present and the future. I firmly believe he WILL deliver, I believe a substantial rerate is coming and I believe Bluejay will be well above 1p in the weeks ahead, certainly this year. Its pretty pointless posting on a dead board so I'm happy to wait for the herd to arrive and for volume to increase. I'm conscious of the fact you may all be right and I'm wrong but thats a risk im more than willing to take. GLA