RE: This will help!13 Dec 2020 23:16
From squiresquire on advfn;
The news that JAY has finally got its Exploitation Licence is great for me. I am not really that interested in the timing or mechanics of the 'Mining Process' itself at Dundas, my interest is, and always has been, to see JAY in a position where it can go to the global leaders in Mining Ilmenite, and trading Ilmenite, to see who is going to give the best deal for JAY to then move forward. I do understand the frustration, though i have never felt it too deeply myself, of many holders, JAY has, as i have repeated before many times here, broken timelines, missed deadlines and taken far longer than management had originally said. That is fact, management were completely wrong in the times they originally put out for JAY. That was due to RM himself. However, though i haver never heard RM say this, it appears to me that as RM moved forward in his understanding of the resource, particularly Dundas, so he had to educate all the players who in their own way would have influence on his project as it advanced. In other words i accepted all the way along, how he was, OK wrong in his given timelines, but so very right in continuing to pursue JAYs future in the unbelievably committed way that he has followed. But again, and this i have also posted many times, RM was, 15 years ago a virtual one man band, dragging JAY along into the real mining world. Then, a couple of years ago, RM began to build JAYs board into a different entity and one which has proved its worth in getting these incredibly technical disciplines accepted. The disciplines ime talking of are the EIA, the SIA, the Optimisation, the FSs, the political and social aspects other than those in the actual Assessments. In fact RM has made JAY evolve, almost organically, while he has simultaneously incorporated all necessary additional components, such as a well formed BOD. His skill in encouraging other entities such as GEUS and countless students from different universities to show their skills, has been wonderful to see. Then there have been the actual studies into the behaviour of the Ilmenite itself, all the way from how it reacts and what its individual properties are in relation to smelting, likewise for its properties when used for paints, printing inks, fabrics, plastics, paper, sunscreen, food and cosmetics. Remember all the samples?. Science though has a massive amount of other uses for Ilmenite, its mind boggling just how many. JAYs Ilmenite has to be tested against all the uses to see how it can best be sold. RMs team have moved forward now to a completely different point...now they have something to sell, and its one of the best of its kind globally. I really dont care about the details of any future business, i purchased shares in JAY to make a profit, not to establish some kind of 'business' entity I thought would be best. I see the profit i am after best made by allowing RM to follow his own judgement, since though he has been, as i have said
Sign In
Follow the stocks
