Member Info for HereforHemo

I appreciate the advice and yes it doesn't come without risk. Although I can take losing my investment I'm just extremely confident Rob will deliver at least one strategic, probably two, and combined with KoBold I see them being financially secure for 2024 with between $20-30m allocated for drilling. As I say, might be completely wrong..but if I'm right there's a substantial rerate ahead this year, although I'll be holding for a year as I think the drilling will bring success. BUT I would not advise others to follow my strategy, unless you're not bothered about risk on your investment. GLA and thanks for the feedback.

Well I've put my money where my mouth is. This is now the only share I hold and I'm all in for £25k. I'm not the biggest investor in the world but I'm probably the most excited lol. I see great things happening here, obviously might be wrong but I'll live with it if I am. GLA.

When KoBold state they can extract minerals at a more accurate and efficient rate it's worth noting they are talking about a TEN times more accurate and efficient rate. For them to partner with two of the largest mining companies in the world AND Bluejay it tells me all I need to know about the potential of our licence areas in Greenland. That's the benefit of their first mover advantage and local knowledge.

https://impakter.com/electric-vehicles-manufacturing-mining-in-western-greenland-to-meet-demand/#:~:text=Western%20Greenland%20resembles%20the%20geology,manufacturing%20of%20electric%20vehicles%20batteries.

Seems some have become risk adverse on small volume. With 11 weeks till Christmas and the reality being most businesses shut down earlier, I see RE completing his 2 strategic partner deals in the next 8-10 weeks. A supply chain strategic in Greenland and a large miner in Finland which will bring capital 'much more than the current Bluejay Mcap', added to the soon to be announced KoBold $12m Disko 2024 drilling program, I'm more than happy to wait. All being well you'll be far wealthier this Christmas if you choose to hold rather than sell but that's just my opinion, each to their own.

For those that missed it. Listen carefully especially from 17.00.

https://www.youtube.com/watch?v=cgIt_T6SJ08

I think you're missing the point. Bluejay have stated there is significant strategic interest in their assets. In Greenland from North America (Rob stated there was money available and they would be mad not to take it) and this on top of the KoBold $12m minimum they have agreed to spend drilling Disko. If you then include Finland where a strategic is looking at the whole asset rather than the fraction that Rio focused on, and we're told discussions are at an advanced stage, if you add Rob's figures up and include KoBold, that's going to be close to a $50 capital commitment on their assets. Bluejay cannot and will not be valued at £10m when that happens. Obviously all just my opinion. If you're not convinced then just don't buy them.

First piece of good news in, as predicted. Next up:

Strategic partner/JV for Finland

Strategic partner for Greenland

Kobold $12m drilling program for Disko

All expected this quarter. Its gonna fly! All in my opinion. GLA

Guys I firmly believe Robs major frustration at the moment is not being able to tell us about the strategic deals he's working on. He said 'there's money for Greenland and we'd be stupid not to take it' . There's also money for Finland and I think this'll be reinforced with a very positive MRE in the very near future. It looks to me we'll get both strategic partners tied up during this quarter, and with KoBold agreeing with us about drilling in Disko there could well be $50m worth of activity to prove up Bluejay's assets in the next 12-14 weeks as KoBold must outline their drilling program shortly to plan ahead for next summer.

Remain positive. Due diligence already well underway, its Robs sole focus for this year and I firmly believe he'll deliver. After all, we had first mover advantage in our licensing and the assets appear to be there.

1. Finnish MRE

2. Strategic partnership for Finland

3. Strategic partnership for Greenland

4. KoBold drilling program for Disko

Pretty soon they could have all the money they could wish for, a Mcap increase 5-10 fold and many very exciting holes to drill. But I've always been very much a glass half full kind of guy lol. GLA

Ra I'm lucky as a recent investor I don't have a lot of the associated baggage, although I've been there a couple of times with other miners. My take of RE is he's extremely frustrated with the Mcap and in particular KoBold for their changing focus into Africa, which has subsequently delayed Disko somewhat as their resources are mainly targeted there. From his recent interview it sounds to me as if he's saying give us the money and we'll do the drilling!

As you say this quarter is very important but I'm bullish. I see $30-40m capital coming in and being spent on their targets and a Mcap of £70-100m being realised over the next 3-6 months. All just my opinion.

Grubber Thanks for posting. I found that very interesting indeed.

Highlights for me were:

Rob confirmed that the Finnish results due out very soon hit mineralisation in EVERY hole they drilled.

A strategic partner is looking likely in Greenland thia year with the potential of providing a $20m budget to Bluejay.

A strategic partner is looking likely in Finland with the potential to providing Bluejay with a $10-15m budget to Bluejay.

Both these strategic agreements are looking to be agreed upon before Christmas. If they are we can expect a major rerate of the Bluejay market capitalisation. Much to look forward to in Q4 imo.

A

Ashton obviously the benefit of discussions with four potential partners as opposed to two is we're likely to get a far higher price for any buy in as none of the companies will wish to miss out. Hopefully we'll get a mini bidding war. All bodes well az a recovery in Q4.

Ashton you raised valid points and I for one always find your posts balanced.

Lambo still harping on about a placing at 0.5 and KoBold pulling out of Disko, unsubstantiated by facts just malicious fear mongering. Wonder what price you're looking to buy in at? My guess..0.5.

Sorry, forgot to add I think it's important to note the output of KoBold in Quebec has led (in their words) ten times more accuracy in profiling targets. All bodes well for Bluejay.

Ashton there may not have been a drilling programme for Disko but there was substantial work was there not? KoBold did such extensive work number crunching the data on potential targets that they actually spent four times the original budget allocated for phase one. Rob has now confirmed both Bluejay AND KoBold agree a drilling programme is the agreed way forward and discussions are ongoing on the priorities.

I would again emphasise my belief that Rob must have already got acceptable offers on the table and has confidence in saying 'by Christmas' as typically business due diligence lasts no more than 60 days. After him stating 'its already underway' although we don't know when it started, my view is it'll be agreed upon late October or sometime November. With results to come from Finland, the Disko drilling programme and probably two strategic partners, one for Greenland and one for Finland, it looks a very interesting quarter ahead, I'm sure much to the relief of LTH's. All just my opinion.

With due diligence typically taking around two months to complete we'll know soon enough. GLA.

Grubber I have a strong suspicion he already knows the drill results in Finland hence I expect the results out very soon, within days. He also stated that due diligence is already underway so again I suspect he has a fair idea of what is likely to be offered and when, hence his confident statement that the partners will a be wrapped up by Christmas. Again from his comments you have to think there are big offers on the table, that's my personal take on it anyway.

Ashton many thanks for the extremely knowledgeable posts, I'm sure they're appreciated by all. I'm sure most are excited about how this will eventually play out. So how long is the wait?

Rob Edwards 21st September

"We expect some positive news flow in the short to medium term, ie certainly sown up by Christmas, one of two strategic investors to help us lift the value of this portfolio to levels we have not seen for many years"

So the answer, not long at all.

Considering KoBold have some of the most powerful people in the world invested in them, including Gates, Branson, Bloomburg and Bezos as well as majors like BHP, it's my view that won't be selling anything and it appears all their investors are happy to take a 10 year view of returns. That leaves Bluejay and what happens to us. With Tier 1 targets in both Greenland and Finland Rob has stated there are majors (miners) and probably VC's very interested in the portfolio. He believes the outcome will lead to the SP being 'many multiples' of what it is now. I see a lot of cash coming into Bluejay and alongside the potential of BHP buying a large equity stake at a huge premium of todays price. Its good fun to speculate but the fact is we look to have very valuable assets and whatever happens can lead ro substantial returns for holders. Just a bit of patience required imo.

KoBold to spend $150m on the African Mingomba project. Big partners with very deep pockets. I think investors should be very excited about the Disko drilling they have yet to announce in Greenland with Bluejay for 2024. Numerous targets have been identified in the last RNS and KoBold spent four times the original budget in analysing the data. As they have been recognised in the top 100 AI companies in the world I have high hopes of major finds, as do Bluejay.