Member Info for IvRoche

Re: The wealth density of Disko seems to be not at the level previously announced.

What first alerted me to Bluejay was a friend of mine that said in relation to Disko, "even if they have a tenth of what they think they have this will be massive for Bluejay." For context my friend did some work for Bluejay (post Kobold JV) and is a geophysicist.

Note: My guess is that the wealth density refers to Kurt Houses statement re: biggest Nickel discovery in over a hundred years comment. Coupling that with my friends comment means that even if it's not the biggest in a 100 years it will still be a massive discovery.

Just out of curiosity, does anyone know the biggest Nickel discovery over the last 100 years?

Ooohh oooh... I know Aston lol

Don't disagree with anything you said Hemo (and there is zero emotion involved) but we have been here before with Bluejay many times just because the person at the top is different - doesn't let the company off the hook. It comes back to my original point, it's a credibility thing and he will lose a lot of he doesn't deliver this year.

RE does have a get out of jail clause though, if he communicated that they were still in discussions with strategics doing the DD and that it would take slightly long than initially anticipated and further updates on Disko - I would give him some more slack but radio silence combined with non delivery would be a very bad look.

No RNS this week by the looks of it... tick tock RE, there is very few trading days left before Christmas and most people starting leave w/c 18th Dec, which only leaves next week to back up his statements around strategic partners before year end.

I gave RE time and hoped for a management reset when he arrived and recognise it hasn't been easy for him dealing with the mess left behind by previous management, however after clearing the decks with bad news, a bad cap raise, and making commitments around strategic investors before year end -> if he doesn't deliver something around strategics very soon -> he has failed and he needs to go as his credibility is done.

My take on the "Bunker" comment is that it's preparing and responding to strategic investor(s) due diligence requests - fingers crossed they have enough to land more than one Strategic and an RNS is released in the next few weeks or at the very latest early doors 2024.

Point of note for me was the Kangers comment around the drilling along with the anticipated Disko drilling. That comment along with the fact that Kangers is a Zinc-Lead ± Copper etc plus the comment around ease of dealing with potential strategic investor if Bjay had TSX/North America listing. For me that points to Teck Resources and more specifically Teck as they already operate the Red Dog Zinc mine up in Alaska that is coming to end of mine life in 2030 or so and is similar to Greenland in terms of Latitude. All speculation I know but Teck are specialist Zinc-Lead miners plus they have Zinc smelters.

@RalladW2 - I suffered the same way but it's in the comments below at 10.51am this morning. David Burton actually posted it.

Lol... didn't spot that :-) cheers.

Can someone link the TMS post?

They don't have to drill everywhere... Nor should they if they don't have the supporting exploration work that identifies potentially significant economic targets.

However, when Kurt House, CEO of KoBold Metals, comments: "Our joint exploration campaign on Disko Island this summer was a significant step forward. We've identified many novel targets and significantly updated our exploration hypotheses. We are looking for what we think could be the most significant nickel and cobalt discoveries in 100 years." - it also goes the other way if the don't drill - as in do these guys not know what they are talking about -> credibility and reputational risks! So rock and a hard place (excuse the pun).

Any idea when, did a search came up blank...

Point 3 - is not really my concern, the fact that they have spent 10m plus on Phase 1, conducted huge analysis and identified a significant number of targets . If they cut and run, wouldn't that go the other way and show that their tech isn't all it's cracked up to be if they don't prove what's in the ground... This would have reputational risks for them IMO. They will drill - they will want to prove their tech works.

The obsession with gas pockets is a little overdone at this stage... Polkas own links proved that the exploration conducted in previous drilling didn't utilise proper / suitable drilling equipment and the Greenland Bureau of Land Management revised their requirements accordingly i.e. use suitable equipment that has things like blow out preventors etc. It's like saying that you can't drilling for Oil because you may encounter gas - yes, there are drilling risks but these can and are managed plus the industry has moved on in 20+ years.

As ASTON said, the Peter Lightfoot magmatic systems lead at Kobold was involved in the Falconbridge who did the ill-fated drilling previously. He for sure knows the risks/issues and am sure they will use suitable equipment!

Something odd is going on...

According to my app, am seeing 101m shares traded yesterday - again same thing at 5.08pm after close. That's another ~9% of our outstanding shares...

This is more than a mere coincidence someone is building a massive stake - adding the above to Monday and Tuesdays action below that's around 17/18% of our total shares trading hands in 3 days... Is a company going to make an offer for Jay? I think we need to see a TR1 or ownership chart for Jay.

Yesterday's Post:

Volume Tuesday was 68m shares

Volume Monday was 31m shares

That's 99m shares total or roughly 8% of our entire shares outstanding... That's a lot of action! Was hoping for an RNS this morning but let's see if the pace of trading over the last few days keeps up.

Would be a massive plus in my opinion - Kobold did what they are best at and that's exploration (for now) - the entire license area has well and truly been explored.

Note: If it did happen I think Anglo American would buy before BHP and consolidate the entirety of Disko island under them.

Weird thing about the late buys over the last few days they always transact at 5.08pm... Must be a spiritual thing lol

Buying seems to happen in the afternoon for the last few days... Could be US buyers. Would be interesting to see if a meaningful stake has been built up

Volume Tuesday was 68m shares

Volume Monday was 31m shares

That's 99m shares total or roughly 8% of our entire shares outstanding... That's a lot of action! Was hoping for an RNS this morning but let's see if the pace of trading over the last few days keeps up.

Anyone noticed the after hours trade yesterday, thought there was some weird glitch but my app confirmed 31m shares bought around 5.08pm UK time... Looks like someone is gearing up for some good news in the next week of two!

Well I wasn't talking about your second quote was referring to the "easy" one....

Read the Avanna 2013 “Avannaa Exploration” link page 157 - 2.2 Background Information.

The summary is "Unsuitable Equipment" and specifically for the Vismand 2007 campaign "Equipment not able to handle the gas and several well control instances were encountered." As a result of Vismand not using suitable equipment, the Greenland Bureau of Minerals and Peteoleum have stipulated to use proper well control equipment for drilling and coring in license areas.

Avanna did a pretty thorough job on their report and have highlighted all risks etc as well as the appropriate drill rig etc, this will help inform the upcoming drilling campaign and note the deepest well drilled in the area actuall went to all the way to 2996m on Nuusuaq island.