The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Once again the SP continues heading southwards with the ratio of sells to buys over 2:1.
I wonder what the thoughts of the 2buyers in late June are now.
146 - 6,000,000 - 17:29 11.00
145 - 5,711,200 - 17:07 11.00
As per my previous posts, my opinion that this company will be taken over is increasing.
This BOD have no confidence or proactiveness in moving this company forward into operational status and are quite content to receive their salaries sitting back on their arses.
Isn't it, or is there other reasons.
How strange it was that on the day of the AGM our company Bluedelay, decide to publish a RNS with significant news that was long overdue.
Is it also strange that two of the previous RNS's published in the latter end of December :MDA 23/12)&Exploitation license granted (14/12),we saw an increase in the SP, for our ex(thank god) CEO sell 20m shares at 14.5p.
Isn't it also strange that although all directors salaries were reduced by 30%,but Jay still paid Bo Møller Stensgaard over £106K.
Isn't it also strange that although RM (Oh thank you for your 54 second in put on the recent media interview, and just to let him know we are a mining company and not a formula 1 racing team) was paid £55.81K in the financial year, BUT lets not forget that RM Corporate Limited, a limited company of which Roderick McIllree is not only a director, he is the only director /board member!(Company House Details) was paid a fee of £107,946 for the year ended 31 December 2020 for the provision of corporate management and consulting services to the Company.
But the next bit isn't strange just a personal frustration that has now become an annoyance is that after sending 4 emails over a period of 30 months and one registered/recorded delivery to this company on operational up dates/explanations that this company have not only failed to respond with the standard reply "unfortunately the company cannot disclose any information that is commercially sensitive to your queries" ,but out of courtesy have not even offered any acknowledgement to my questions.
Just to clarify my e-mails /correspondence did not include any of the above details taken from the last Year /Final results report.
Surely all the "I",s must have been dotted and the "T"'s crossed for an understanding/ acceptance by all parties for a Financial agreement for Dundas!!!
When you look at MHC's sp this morning (up 15.40%) and once again the decline in YGEN which is now becoming a normal practice. Are you sure we're not paying them to sell our product and lab test analysis
An interesting analysis :There are currently about 7 million electric vehicles in the world today. By 2040, they estimate around 30% of the world’s passenger cars will be electric. To me that’s a conservative and reasonable number. It means 500 million EVs will be on the road in 20 years, out of a total vehicle fleet of 1.6 billion. If each EV contains 85 kg of copper, that is 42,500,000,000 kg, or 42,500,000 tonnes of copper, roughly twice the current volume of copper produced by all of the world’s copper mines.
Just so we’re clear — in 20 years, BloombergNEF says copper miners need to double the amount of global copper production, just to meet the demand for a 30% penetration rate of electric vehicles. That means an extra million tonnes a year, over and above what we mine now, every year for the next 20 years!
Probably 10p isn't it!
As per Danthemen post on the 2 large buys on Friday ,seeing that LSE aren't showing these transactions in 'Jay Share Trades'. To clarify/support his comment the following trades took place:
T Nr. Amount Time Buy
146 - 6,000,000 - 17:29 11.00
145 - 5,711,200 - 17:07 11.00
Hope this helps with thanks to Danthemen
But the 11th trade was a cracker though : 500k sell.
Yep he's still here
Natdan: If only YGEN would offer an indication on the value of this contract.
Now that would be nice...!!!
Bw Business News: Rod McIllree, Executive Chairman and Bo Møller Stensgaard, CEO of Bluejay Mining
https://www.youtube.com/watch?v=YhaPcQ7DzWU
https://www.youtube.com/watch?v=YhaPcQ7DzWU
Taken from their (BlueJay)recent tweet today :
Mining and airport construction can look forward to local employees
Now 10 qaanaaq have secured certificates as operators. They have also obtained evidence in Arctic first aid. That's what Avannaata Kommunia writes in a press release.
Eight men and two women have just returned to Qaanaaq, after a five-week
course at råstofskolen in Sisimiut.
The ten with certificates are now ready to come to work at the upcoming mining activity at Moriusaq and can work at the airport buildings in Greenland. Some of them have even expressed a desire to come to work at the airport building in Ilulissat.
That's what Mika Oshima Etah, leader of Majoriaq Qaanaaq, said in a press release.
The course was achieved in collaboration between the Mineral Resources School in Sisimiut, Dundas Titanium A/S and Majoriaq in Qaanaaq. The collaboration was started in 2018 in connection with Dundas Titanium A/S' heavy sand project at Moriusaq, says Mika Oshima Etah.
The students from Qaanaaq were on a course from 22 February to 29 March.
It sounds like half of them don't want to work for Jay ! probably heard that your pay is always delayed, like everything else.
SnipVW,
Many thanks and much appreciated you sharing the welcomed information in your post today.
The question that I ask that will probably be echoed by many others on this BB is
"Why haven't JAY come forward and inform the shareholders something similar", unfortunately to say the companys HR/PR is very similar to their deadlines/timescales : VERY POOR.
Bluejay continue to optimise the Dundas project with the expectation of firming up and reducing the $245m capital cost of the project.* and then and only then hopefully the necessary finance can be secured.
*This was from Jan 5th and much to the dismay of a lot of shareholders nothing has been published since especially after RM comments in a podcast that this was due/expected in the first two months of the new year 2021.
So until this is completed then "everything now is in place"( Your wordings in your post) is not correct.
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Wednesday, 31 March 2021 12:09 GMT
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* Greenland holds parliamentary election on April 6
* Arctic island has vast deposits of rare earth metals
* Election outcome could affect mining projects
* International investors are watching closely
COPENHAGEN, March 31 (Reuters) - Greenland holds an election next week that could decide the fate of vast deposits of rare earth metals which international companies want to exploit and are vital to the Arctic island's hopes of economic recovery and independence.
The government called the April 6 snap parliamentary poll after a junior coalition partner quit in a dispute caused by growing public concern over the potential impact of a big mining project on Greenland's pristine environment.
Though Greenland is home to just over 56,000 people, the fallout from the election will be felt far beyond its borders because it has what the U.S. Geological Survey says are the world's biggest undeveloped deposits of rare earth metals.
As climate change and melting ice make access to the Arctic cheaper, international mining companies are racing for the right to exploit these deposits, which include neodymium, used in wind turbines, electric vehicles and combat aircraft.
But opinion polls show the biggest party in the next parliament could be Inuit Ataqatigiit (IA), which opposes the major rare earth mining project at Kvanefjeld in southern Greenland because the site also contains radioactive materials.
If IA can form a coalition, it is possible that the project will be halted or delayed, with potential repercussions for global mining investors.
Acting Minister of Resources Vittus Qujaukitsoq has warned that if Greenland backtracks now, it could scare mining investors away, and "the credibility of the whole country is at stake."
Such an outcome could also dent hopes of reviving Greenland's fragile economy, built mainly on expected mining revenues.
"If we don't attract capital and create new jobs, I'm not sure what the future looks like for our country," Jess Berthelsen, head of Greenland's biggest labour union SIK, told Reuters.
https://news.trust.org/item/20210331110510-1v6gc/
Page 2
INDEPENDENCE HOPES
An economic revival is also widely seen as vital for the prospects of greater independence in Greenland, which former U.S. President Donald Trump offered to buy in 2019 and hosts a U.S. air base.
A self-governing territory of the Kingdom of Denmark with a gross domestic product of only around $3 billion, Greenland has a population that mostly relies on fishing and grants from Copenhagen.
Though it has broad autonomy, the island's government leaves foreign, monetary and defence policy to Copenhagen.
Economic experts say Greenland needs to diversify its economy, improve acute healthcare and housing problems and tackle social problems including widespread alcoholism, sexual abuse and the world's highest suicide rate.
The Kvanefjeld project has been debated for years. Support from Prime Minister Kim Kielsen and his governing Siumut party helped license-holder Greenland Minerals gain preliminary approval for the project last year, paving the way for a public hearing.
But when Kielsen was ousted as party chief in December, new leader Erik Jensen - a candidate to become prime minister - cast doubt on support for the project.
Protests erupted when public hearings started in February. At one meeting in Narsaq near the deposit, people inside and outside the hall banged windows and played loud music to disrupt presentations.
"The mine will destroy everything," said Jens Davidsen, a fisherman in Narsaq who can see the Kvanefjeld mountain top from his kitchen window. "We are afraid dust from the mine will hurt our fishing grounds and drinking water."
The small Demokraatit party quit the coalition in early February as opposition to the project mounted.
If IA wins power and delays the project, "they will face the challenge of having to explain to the global mining industry that Greenland actually wants mining, and that it is only this particular project that is problematic," said Rasmus Leander Nielsen, assistant professor at the University of Greenland.
Chrisdp86 you ask 'What are the BOD up to?'
They'll probably be deep in discussions on how many irrelevant/ wasteless RNS 's on the concept of Jam Tomorrow, hoping to try and convince us why there has been an excessive cash burn when the final results are published in May.
No doubt they will fail to meet the dates expected of these to continue in the spirit of their historical failings.
This company, s BOD have no direction and are just here to fleece the company of their finances.
As I said in my previous post, a take over is now looking more likely, but unfortunately will be at us shareholders cost. Rant over and hopefully we can all enjoy our Easter weekend.