Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
https://corona.nun.gl/emner/til_den_rejsende/indrejse_til_groenland?sc_lang=da
About two thirds of the way in, John Meyer talks about Bluejay.
hTTp://alturl.com/nyo8z
The Board of EKF Diagnostics Holdings plc (AIM: EKF) has been informed that on 30 April 2021 Adam Reynolds, Non-Executive Director, sold a total of 500,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 73.05 pence per Ordinary Share.
http://alturl.com/t5u6f
https://www.youtube.com/watch?v=w_z1mDngME8&feature=youtu.be
SP Angel 15th January
Company News
Bluejay Mining* (LON:JAY) 12.27p, Mkt cap £119m – Bluejay agrees jv with Rio Tinto over the Enonkoski Project in Finland
BUY - Valuation 37.7p
Bluejay Mining report the confirmation of their joint venture agreement with Rio Tinto over their Enonkoski Project in Finland
Fieldwork has now started at the Enonkoski nickel-copper-cobalt-PGE project with the relogging and reassaying of historical diamond drill cores at the Geological Survey of Finland's core archive.
The field team have started ground magnetic surveys in two of the near-mine areas at Tevanjoki and Laukunsuo
The Enonkoski area hosts two historical nickel, copper, cobalt mines which were worked in 1980s and early 1990s.
We expect the new ground and airborne geophysical surveys to highlight further mineralisation along strike of the old Enonkoski mines.
FinnAust drilled <1.5km southeast of the closed Enonkoski underground mine intersecting nickel and copper mineralisation near surface highlighting the lack of exploration done before the mines were closed.
Enonkoski is an old polymetallic mine, developed by Outokumpu and run till low metals prices and rising mining costs forced its closure.
The Enonkoski mine previously produced 6.7mt of ore grading 0.8% nickel and forms a key part of the Enonkoski nickel belt in Finland with 15km of strike along from the Enonkoski and Hälvälä mines.
Previous drilling showed 32.90m grading 4.09% Nickel, 0.56% Copper, 0.17% Cobalt and 19.70m grading 6.12% Nickel, 1.94% Copper, 0.29% Cobalt highlighting concentrations of high-grade material within the larger orebodies.
We believe the Enonkoski orebodies are made up of large remobilised VMS deposits resulting in a chain of separated metals along a decent strike length.
Under the agreement Rio Tinto may acquire up to a 75% of Enonkoski through $20m of expenditure on the property.
Stage One – allows Rio Tinto to gain a 51% stake in the old mine by spending US$5m over three years with $0.4m to be spent by 30 March 2021
Stage Two – gives 65% ownership for another $5m of expenditure by November 2025
Stage Three – allows Rio Tinto to take 75% for a further $10m by November 2029
Beyond Stage Three, each party shall fund its respective 75%:25% share of project expenditure or be diluted
Hammaslahti: Bluejay is also drilling at the Hammaslahti copper-zinc-gold-silver project in Finland close to historic mine workings.
The team have planned >4,000m of drilling at Hammaslahti targeting areas close to the mine to find potential repeating structures.
Bluejay also holds some 5,000ha of licenses around and along strike from the historic Outokumpu copper-cobalt-gold-silver mine.
*SP Angel act Nomad and broker to Bluejay. The analyst has previously visited the Enonkoski mine site in Finland
Feeks I've reposted your post on ADVFN, hope you don't mind?
Just watched brilliant video by an Aussie investment outfit which encouraged so much interest in Verditek last week, been posted and Mike Walters site.well worth subscribing to Mike Walters site just for the info on Verditek.
Can't post a link to the video From Mike as it says subscription paid site.
Ps, Bought more Verditek after watching the video
Well well Well say it all about Richard Jennings and is back street outfit Align Research!!! you can't believe a word what comes out of his mouth and he's associates.
If you've not read the announcements on Nex Exchange market.
10(th) October 2019
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / NEX: PCGE
Update on planned acquisition
VOX Markets and Align Research
We received a letter from VOX Markets this morning stating that they are withdrawing from the proposed reverse merger with PCGE, VOX and Align Research. The main reasons given were:
1. It has emerged that it is proving difficult to raise significant funding in the small cap market in London for any business in which Align Research is involved. The proposition has been turned down by many key brokers.
a. VOX is worried that this will have an impact on the VOX Group's ability to raise funding in future for other deals and acquisitions.
b. VOX is also worried that this might have a wash over effect on VOX's main business as these brokers and funds are all invested in their client companies.
hTTp://www.nexexchange.com/announcements?newsid=4476440
Well well Well say it all about Richard Jennings and is back street outfit Align Research!!! you can't believe a word what comes out of his mouth and he's associates.
If you've not read the announcements on Nex Exchange market.
10(th) October 2019
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / NEX: PCGE
Update on planned acquisition
VOX Markets and Align Research
We received a letter from VOX Markets this morning stating that they are withdrawing from the proposed reverse merger with PCGE, VOX and Align Research. The main reasons given were:
1. It has emerged that it is proving difficult to raise significant funding in the small cap market in London for any business in which Align Research is involved. The proposition has been turned down by many key brokers.
a. VOX is worried that this will have an impact on the VOX Group's ability to raise funding in future for other deals and acquisitions.
b. VOX is also worried that this might have a wash over effect on VOX's main business as these brokers and funds are all invested in their client companies.
hTTp://www.nexexchange.com/announcements?newsid=4476440
Here's the link to SP Angel – Morning View
https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Wednesday_29.05.19.pdf
Bluejay Mining* (JAY LN) 10p, Mkt Cap £85m – Marine resource adds 300-530mt to existing indicated Dundas ilmenite resource in Greenland
– Rio Tinto smelter test on Bluejay ilmenite - traditionally smelter tests runs can be up to 10,000t of ilmenite
STRONG BUY - Target Price 45p - included in MSCI index
(Dundas Ilmenite project, Greenland, 100% owned)
Bluejay Mining report a significant 15% increase to the company’s JORC (2012) ilmenite resource at Dundas in the north of Greenland.
The resource now stands at a substantial 117mt grading 6.1% ilmenite in situ using a 0% cut-off grade for 7.1mt if contained ilmenite.
The previous resource was for 96mt grading 6.9% for 6.6mt on the raised beaches just south of the former settlement at Pituffik.
Rio Tinto Iron and Titanium Canada ‘RTIT’ reported yesterday that it is to test ilmenite material from its Dundas at its Sorel-Tracy plant in Quebec, Canada.
”The two companies “will work together to review and improve on the technical work that has been completed on Dundas to date.” Indicating that substantial testing has already been done on samples already supplied to Rio Tinto and others.
We expect the next test to run some 5,000-10,000t of material through one of the Sorel furnaces. The benefit of this is to prove the quality of the Dundas ilmenite concentrate with the added benefit of demonstrating the logistics of shipping from Greenland to Canada.
Sorel is 3,394km from Dundas and around six days shipping making this a relatively quick and low-cost run from a transport perspective.
Maiden offshore JORC (2012) ‘Exploration Target’ is estimated at between 300-530mt with a potential grade of between 0.4-4.8% ilmenite in situ. Indicating much more of the same.
The offshore work includes drowned beaches between 0-18m water depth with the estimates derived from marine seismic bathymetry as well as many sample points along the full length of the 30km licence area.
Marine dredging: The team have been working with Royal IHC to produce a dredging study to mine the offshore ilmenite as an expansion to the existing operation.
Dredges can move huge tonnages of ilmenite material cheaply and easily. A simple dredge could move >1mt of coarse material a month in the shallow marine environment at very low cost indicating the major constraint to production should be offtake agreements and processing capacity and not the ability to move material.
See dredges in link below where the IHC Beaver 65 DDSP should be able to move around 1.5mt per month of ilmenite-rich ore if there is sufficient market demand for the concentrate: https://www.royalihc.com/en/products/dredging/cutter-dredging/ihc-beaver-cutter-suction-dredger
Shipping to China through the North West passage brings this fast growth market much closer to Bluejay while low-cost power may also be utilised if some processing is also done in Canada. Russia has also just launched one of three new nuclear icebreakers to keep its Arti
In today's Mail online.MIDAS SHARE TIPS: Hate queuing for the doctor? Invest in this tech firm and we’ll all feel betterhttps://www.dailymail.co.uk/money/investing/article-6635571/MIDAS-SHARE-TIPS-Hate-queuing-doctor-Invest-tech-firm-feel-better.html
John, Now is your chance to get in. 150p cheaper than first thing this morning.
Don't think monts12 will mind posted on ADVFN
Bluejay Mining* (JAY LN) 11.7p, Mkt Cap £99m – Dundas project update
STRONG BUY - included in MSCI index
Target Price 45p
Bluejay Mining report the completion of the three-year Environmental Impact Assessment at Dundas in Greenland.
The Social Impact Assessment is also due for completion in January with support expected from the relevant local community.
The long-awaited Pre-Feasibility Study is being optimised and is reported to be on-track for the first quarter next year.
We suspect the PFS will be able to include an upgraded JORC resource utilising drilling and other assay results from this year’s summer work program.
Management will lodge the application for an Exploitation (Mining) license shortly after.
Work in and around the Iterlak Delta has the potential to significantly raise the scale and grade of the overall resource adding further to the potential value of the project.
Our site visit to the Dundas’ project indicated to us that logistical and engineering issues are, in our view, offset by the project’s location on a deep fjord and the relative ease of it’s mining.
The work done at site in the past two field seasons coupled with the mining, sorting and exporting of bulk samples to offtakers demonstrates Bluejay’s ability to work effectively in this location.
We look forward to further newsflow before Christmas.
Ilmenite prices in China have recovered to US$184/t from US$171.5/t at the beginning of August as predicted with ilmenite processing companies recovering production lost through furnaces problems.
Conclusion: We expect further news from Bluejay on grades and the scale of the ilmenite resource at Dundas. Dundas looks to be the world’s highest grade and also possibly the world’s most consistent resource from a mineralogical perspective. Both attributes are positive from a value and offtake perspective.
*The SP Angel mining analyst has visited the Dundas, Itelak ilmenite sands project in Greenland. *SP Angel act as nomad and broker to BlueJay Mining.