Member Info for HereforHemo

Excellent information as always Ashton. With their recently announced collaboration in AIMEX (Artificial intelligence for Mineral Exploration) In Finland coupled with this new license, Bluejay certainly don't seen a company worried about their future. I remain very confident that multiple pieces of good news is coming in the weeks ahead.

I expect a rise to around. 85 before news hits and Bluejay to be over 1p placing price on the first RNS. Time will tell if my confidence is justified. Have a good weekend all.

Personally I'm not too bothered about retaining control of any of their assets. I'd much rather they progressed all of their licences in the near term with 40-49% ownership. With two District level opportunities and multiple others that still affords them a substantial revenue opportunity. Pretty sure we'll get good news this month, Finland strategic, Greenland strategic or confirmation of KoBolds $12m drilling program. I'm not bothered which comes first!

'I don't think' that should have said

Ashton, I think RE would have stated he expected the SP to rise to levels not seen for years if he wasn't confident of the deals that they've negotiating. From what I can see that would have to be a minimum of 4p, so they must be big deals and be of major benefit to Bluejay for the SP to rise that much. Just a case of waiting to see what he can deliver now but I have great faith in him.

Ashton Bluejay do have a weak hand, although negated by the fact they are negotiating with more than one partner, in all probability at least 2 and probably 3 for Finland. There is also an outside chance their hand may be strengthened further if the strategic for Greenland is signed up first.

It's strange as I did a lot of personality profiling in a previous career and I have a completely opposite view. After watching all of the interviews multiple times the main thing I took from them is that RE cut a very frustrating figure, one that knew his company was severely undervalued, and who was desperate to say more about what was coming but was unable to due to confidentiality rules. Investing is all about options and that's what I love about it. Based on the above I'm expected one if not two $20m strategic partner deals to be signed and KoBolds $12m drilling program for Disko to be released, all by Christmas. A mere 36 trading days to go so we'll soon know who's approach was right. Good luck!

Couple of nice £20k buys this morning. As previously stated I fully expect this to bounce leading up to news.

I've been buying some more this morning and will continue to add while it's under .70. Whilst those are fearful...

Ashton as always many thanks. Looking at all the projections it's clear to me Bluejay are under valued and have been way oversold. However, I understand the reason why can only empathise with holders such as yourself. I've been there with other stocks myself and its not pleasant. Hopefully their other assets, in particular Disko, will exceed past valuations over time. Once again, thanks for your extremely informative posts.

Ra11adw2 Very difficult to make accurate projections on small caps but my projection is based on simple terms. I think Bluejay was valued around £170m way back when Dundas was the hot topic, although was before my time as an investor, and I believe Dundas was valued around £140m at the time? LTHs please correct me if I'm wrong? However if I'm right, that means Bluejay's portfolio excluding Dundas would give a Mcap of £30m, rather than the current £8m. Bearing in mind both the Finnish assets and Greenland/Disko appear to have excellent potential ahead of drilling next year, and one or two strategic investors that will validate that potential with multi million pound committments, plus the $12m already coming in through KoBold who have already stated they will definitely drill in 2024, I think the case has been/will be made Bluejay is substantially undervalued at this moment in time. 3,4,5,7p..anything is possible in the coming months imo.

Although Ashton has a far deeper understanding of Bluejay than I do, I alsI fully expect the first strategic partner to be signed up in the next 20 trading days. For RE to appear so confident saying 'before Christmas' leads me to believe that the deal was advanced when he said it. Due diligence has also been underway for at least a couple of months. His comment to be that they are confident a SUPPORTIVE partner would be signed by Christmas also leads me to believe they have already been chosen. All in all I expect the first strategic to be announced soon, allowing Rob to focus the rest of the year on getting the supply chain strategic for Greenland signed up as well. We also know the data analysis has been completed by KoBold for Disko so I see no reason why we won't get the $12m field program released this year as well. Hopefully all the above puts the SP in pennies and we can start looking forward to drilling in multiple locations next year. Just my personal take on things.

I would suggest Directors can't buy in for two reasons, one most of them aren't getting paid at the moment and two, if news is due in the weeks ahead, it would be illegal to knowing confidential information. I would also disagree with your statement that everything is already priced in. On the contrary, I believe nothing is priced in at the moment I moment. Confirmation of KoBold committing to a $12m drilling program, confirmation of a major Tier 1 strategic partner and capital coming directly into Bluejay making them financially secure for 2024 would undoubtedly send the SP higher, especially if the strategic commits to around a $20m spend. There is obviously the potential of another supply chain strategic for Greenland to consider. Surely you cannot believe that IF Bluejay ends up with £30-50m of drilling programs scheduled (fully funded) and are financially solvent, that it is already 'priced in' to their current Mcap? Investing is all about opinions but I remain bullish on their future so we'll just agree to differ. Good luck whatever path you choose.

Answer to question 6 should read 'supportive' partner not 'supporting'

Here is a list of the questions I posed to Rob and his subsequent answers:

1. When do you expect KoBold to finish the analysis and interpretation of the 2022 datasets for Disko?

In principle the work is complete. However geologists continue to examine the data in order to see if further positive interpretations can be made.

2. When do you anticipate the 2024 Disko drilling field program to be released?

We cannot give specific timing but there should of course be a market update before any further fieldwork is undertaken.

3. Are there any plans to renegotiate the KoBold agreement (longer time frame)?

The company would of course expect the existing agreement to be fulfilled before negotiating future terms.

4. Is there any update on a strategic partner for Finland?

The company will update the market as soon as is practicable.

5. Is there any update on a strategic partner for Greenland?

The company will update the market on this as soon as is practicable.

6. Are Bluejay confident that either strategic partner will inject capital into Bluejay such that it secures the future of the company and thus reduces the risk of further dilution to shareholders?

The company remains confident that it can secure a supporting strategic partner. The company cannot share the potential structure of any transaction at this time.

My conclusions. KoBold have finished their work and priorities for drilling are being finalised and I expect an RNS on this before Christmas. I think its highly likely a strategic partner has already been chosen and the agreement is being finalised. I believe this WILL include a cash injection into Bluejay. Just my personal take from the answers given.

I've just received an update from Bluejay. Key points were the analysis and interpretation for Disko is in principle is complete although geologists are still finalising the priority targets before outlining the drilling targets with KoBold for next year. Also Bluejay remain confident at least one 'supportive' strategic partner will be signed this year. Just a little patience required.

As with a lot of small mining companies trading volume is low and Bluejay's today was only a tenth 0f average volume, so wouldn't take much selling to impact the SP. From what I've seen Berry Street have sold holdings at any price to exit as quickly as possible. My hunch is its been them and if I'm right they should now be out so I expect a decent bounce next week.

Beardover I still think (and hope) you got a bargain price yesterday. I asked about Berry Street Capital earlier as I know Hedge funds are invested in Bluejay and if they are one of them Bloomberg stated they were closing and I know of other miners where they've trashed the SP exiting the market, and hopefully that's the reason for the recent fall. If so, once they've gone ot should bounce back like others have. However I do realise it's a brutal bear market but still believe Bluejay is way undervalued. I expect major news in the next four weeks so let's see what happens to the SP once it arrives. Fingers crossed.

Ashton

Do you know if Berry Street Capital held Bluejay shares?

I'm a massive fan of AI so am delighted that following today's announcement Bluejay may well have the capability to use the technology in identifying of its drilling targets for 2024 and beyond.

As regards KoBold I'm not sure they will seek a partner for Disko. As I understand it they have already employed over two hundred local people in Zambia to 'go it alone' and may well adopt the same strategy for Disko. I think the next benchmark for me is another fund raise for KoBold of something around $150m. As and when that occurs I think we can all look forward with excitement to what they do with Bluejay in 2024.