Morning PAAA, I wonder how many people spread the word that the Stock market has crashed !!( and forget to include the word 'system')
Continuation to post @10:27 Greenland is emerging as a mining hub due to climate change as melting ice exposes new mineral sites. The Greenland government would collect royalties of 2.5 per cent of the gross profits from Dundas, helping to reduce its reliance on Danish subsidies. Ministers support Bluejay�s plans and are expected to approve its first mining licence soon.
Controversial rainmaker Ian Hannam recruits investors to help fund �1bn mine in Greenland � Hannam resigned as chairman of Capital Markets at JP Morgan Cazenove � He was fined �450k in 2012 for leaking information about an oil and gas takeover � He went on to set up his own company managing deals with major mining firms By HARRIET DENNYS, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:29, 26 May 2018 | UPDATED: 21:29, 26 May 2018 Deal: Ian Hannam�s firm is advising Bluejay Mining Controversial mining rainmaker Ian Hannam is lining up investors to fund a �1 billion mineral project that could help secure Greenland�s independence. His investment firm Hannam & Partners is advising Aim-listed Bluejay Mining which plans to raise �57 million to develop its Dundas mineral project in northern Greenland. Hannam resigned as chairman of Capital Markets at JP Morgan Cazenove and was fined �450,000 in 2012 for leaking inside information about an oil and gas takeover. He went on to set up his own company managing negotiations with major mining firms. The project financing will be used to start extracting ilmenite � a valuable mineral in demand to make products including 3D printers, toothpaste and white paint. The Dundas deposits are the world�s highest-grade source of ilmenite. Bluejay upgraded its estimate for the Dundas resources by 400 per cent in recent weeks, valuing those identified so far at �1 billion.
Why i we commenting on another company on this (SXX) B.B, feel free to share/post your opinions on the company of Harvest Minerals, but on the appropriate BB.
PeasholmBod, Many thanks for taking the time out for the kind gesture.
Even the �2.50 - �3 by the time the mine opens, I would be doing cart wheels( better get some practice just in case)!
If the SP could get to 30p by the end of this week. It would coincide with the date (three years ago) that we lost one of the highly respected members :Troopermerlin. I usually go and lay a bouquet of flowers at the site entrance gate in memory of a well liked man, however unfortunately due to personal commitments/reasons will have to give this year a miss. "Another glass of red wine please nurse" RIP Troopermerlin (Gone but will never be forgotten)
Although net debt has reduced from 3.9m(2017) to 3.4m year 2018, but look at the RNS half yearly results (Nov 2017) the figure was then 2.32m, hence our net debt has increased in the last 6 months by 1.08m. This is what the market (and no doubt Paul Scott as well)will have noticed by Today's update.
Knowbodyyouknow/LordAdam. I asked a similar question in February(19th) as there had been one of this month (February) the previous Year. This was the response from one of the members of this BB: Moljen(28/02) Just dropped JW a line to see if we're getting an update like last year around now or if it's a case of wait till end April for the Year end one. Followed by this update to the above: Usual prompt response from JW, last year was due to forecast revisions so nothing planned to end April unless material like last year. So it's a case of if we get one before fingers crossed it's for a material upwards revision :-)
tarquinpike: It was nine payments not nine shipments. Taking into account of three deliveries (upto Dec2017), then it could be the following of three payments per shipment: 1: Initial payment to cover transport and shipping costs( once product loaded on the ship) 2: Second payment on receipt of goods to customer/end user. 3: Balance of payment depending on purity of product. Just a thought.
RH69 -gmed, After reading your posts thought i would give it a go on a dummy sell. Like both of you I'm with HL and after numerous attempts to sell I finally was given an offer, BUT the name changed from Kazera Global (KZG) to Kennedy (KENV) showing a sale price of 3.26p @16:21
Those New Range Rovers you saw, might of been when they invited us LTSH for an open day. They said they would provide us with free overnight accomodation but we had to use our own transport to get to their offices!LOL
RH69 As steven49 posted the FIRST shipment went in July 2017. Then as per RNS 23/10/2017 states "A SECOND shipment of industry leading high purity tantalum is currently in transit to Aftan's customer, with further shipments planned before years end in line with our ramp up agreement with the Customer." Then following on in RNS 20/12/ 2017 :Aftan's THIRD shipment of industry leading high purity tantalum has been sent to its customer, a global North American leading tantalum consumer and end user of our tantalum ore ("the Customer"), with a fourth shipment currently being tested by a third party before being sent. Finally in the RNS 09/02/2018: Fourth shipment of industry leading high-grade tantalum to its customer, a global North American leading tantalum consumer and end user of our tantalum ore ("the Customer"), with the recent shipment reaching grades of over 51% purity .Unfortunately there's no date of this 4th shipment. But the interim reports should show revenue of at least three of the supplies sent to our customer.
Interim results As I have previously posted: 22/01/2018: But before people start assuming that when KENV are in receipt and a position to sign off the auditors report that I think will be in their possession on the 25th February (as per their statement it states no later than the 26th!!)that we will see a RNS two weeks later (say 2nd week in March 2018). Then be warned don't hold your breath, note the word approximately two weeks. The way this company have operated on their financial reporting I would think we'll be lucky see have this embarrassingly delayed information more towards the end of/ last week in March 2018,which coincidentally is close to the date of the date for the publication of their Interim report for the company's results up to December 31st 2017 Kenv/KZG RNS 09/02/2018 (Snippets taken from LJ statements): "We look forward to the rest of 2018 with confidence." "The Directors have prepared cash flow forecasts to 31 March 2019, which show that the Company will have sufficient available cash resources to provide for its future requirements." RNS 09/03/2018 (Snippets taken from LJ statements): We look forward to providing further updates on our progress in this regard in the coming WEEKS, particularly in the interim results which will be announced BY the end of this month." To conclude and reinforce what I previously posted: 22/01/2018: Yes I have no doubts that the minerals are there for mining and I welcome the number of posts with information assuring this, but is KENV the company to go forward with remain invested in. I'll wait till the interim report is published before deciding. With only three days left of this week and with Week comm. 26th having only 4 days of trading(Good Friday) Surely we can all wait for another Seven days.
Could this be the reason why we are seeing a seller for the last few weeks:Note the date at the end of the publication! RNS 09/02/2018: On 25 March 2014, the Board resolved to grant options over up to 8,531,760 new ordinary shares exercisable at 1.25p per share and granted 1,599,705 such options each to G Clarke and N Harrison. On 16 July 2015, a further 1,599,705 such options were granted each to G Clarke and N Harrison, and 2,132,940 options were granted to former directors on the same terms. The options are exercisable at any time up to 25 March 2018.
Greenland greenfield SolGold isn�t the only junior miner to tread a path vacated by the majors. BlueJay Mining (JAY), currently one of the hottest shares listed in London, is in the process of developing several assets in two overlooked mining postcodes: Greenland and Finland. At the forefront of investor hopes is the accelerated development of the Dundas ilmenite project in Greenland, which was recently backed by a �17m equity fundraising at 22p a share � a 200 per cent premium to the company�s stock price just a year earlier. Dundas won�t take a lot of cash to build, and once it is up and running, it promises to give BlueJay (and Greenland tax authorities) an excellent revenue stream and a source of free cash flow. Indeed, calling this a mining project would be overstating it; the initial resource focuses on a raised beach area, which will require little more than dredging and shipping. It also helps that Dundas is the highest-grade mineral sand ilmenite project globally, and currently comprises just 17 per cent of one of two primary target areas. Surprisingly, this wasn�t the project that most excites chief executive Rod McIllree, as he explained to us last year. BlueJay is also hoping its early success at Dundas can be replicated at two other sites in Greenland, which despite their excellent grades were passed over by mining majors. The first, a nickel-copper-platinum prospect known as Disko-Nuussuaq, has parallels with the massive resources presided over by Russian metals giant Norilsk Nickel (MNOD), and was previously drilled by Cominco and a group later absorbed into what is now Glencore (GLEN). The second potential company-maker, the Kangerluarsuk SedEx lead-zinc-silver deposit, was a former prospect of Rio Tinto�s zinc division. As exploration on these projects advances, and climate change leaves Greenland�s coast a less inhospitable place to work, the attraction of a long-term stake in BlueJay should become more clear. As it stands, the prospects already look fairly enticing: what appears to be an excellent position in a small market (ilmenite), which can in turn fund expansion into several much larger metals markets.