Member Info for RachT

Spot on Cat - there has not been any rebuttal of the FACTS that have been aired by any doubters. Instead wishy washy posts saying the bears should give it a rest and a balanced view is required. We are posting the balanced view, prior to that there was nothing but perma bull posts, while the share price dropped 97%.. No wonder Ashton has stopped posting says Cheshire - indeed, he has no factual arguement to counter the FACTS that are presented. I'd love a balanced board, as I've said I like to see the bull and bear case but what is the bull case right now? Nothing. Nothing at all. Jay might sell some assets, Jay might do a drill, Jay might partner a major, Jay might bla bla bla bla. The fact is Jay is a s**t company run by a s**t BOD and like every other company that RM has been involved in share holder value is of absolutely no consequence to him / them despite the bs that they release.

EnuffRMbs - history shows RM plays fast and loose with regulations, perma bulls or rampers will come up with a myriad of excuses to explain away such antics. But you can be sure that any of the big boys or institutional investors will take a dim view of such flagrant abuses of market regulations, and they'll probably be only too aware of RM's antics and his covert reasons. Would any reputable company risk it's own reputation courting such a wheeler dealer.

EnuffRMbs I wasn't sure of the FCA regulations for disclosure so have just looked it up. See below. RM sure does appear to be acting in a very unscrupulous manner (to put it mildly). What's that Skippy - Ganga can cause memory loss, ah, do you think that will be why he forgot to make the notifications for 15months

As soon as possible and by midnight within 2 trading days (UK issuers) or 4 trading days (non-UK issuers) of knowledge of disclosable event

Well spotted - what a sneaky snake oil seller he is. So that's when he sold after his resignation 6/9/22 but failed to notify until some 15 months later on the 7/12/23. No wonder I couldn't find an RNS anytime around his resignation - he kept it quiet. Naughty. Announcement of purchase back above the 5% limit issued on the same day some 13 minutes later also illustrates RMs questionable antics. Buys shares on 14/9/23 but doesn't announce it until 7/12/23 (the same day that his sale some 15 months earlier is announced).and then within a fortnight we are told he has rejoined the company on the 21/12/23.

Zinky - are you sure you've got that right? RM resigned on 23/6/22 - I cannot find any sale listed for RM immediately prior to or after that date. The last I can find is when he sold up 20m shares at 14.5p on the 4/1/21 - nearly 18 months prior. The only sale / buy around the date of his resignation was another large sale by HSBC and an additional purchase of over 5% of the company shares by Sandgrove on the 8th June 22. I think you are mistaken and RM didn't sell his shares - he purchased 10m shares (less than 1% of the company shares) on the 22/12/23 and that took his total holding to 6.61% of the companies 1,195,885,079 shares. If he sold his shares on his resignation (and Sandgrove bought them) as you state when did Rod buy the other 69m shares?

Enuff

What's that Skippy? Your stoned? Have you been at the Ganja again?

Apollon is based at Bramhill's company location in Jamaica - Doc's Place, Negril. Some great reviews on FB ;-) for this tourist Ganja hot spot, which is pretty much all it is. No wonder Rod is a fan. Really doesn't appear to be a medical centre lol. But then I'm not as stoned as Skippy.

Link to ganja tourists' magazine article

https://tinyurl.com/ku94ejrj

Funny how the rest of the world doesn't consider Oil & Gas to be environmentally sustainable. Seems like the board of JAY think it is - either that or they're just so use to saying whatever rubbish they can get away with in order to keep the show on the road and their salaries flowing. My guess is that it's the latter.

Came across this little snippet. In 2021 (while RM and ES were there) Jay stated about Kobold

'..... as being a credible and reliable partner that shares OUR COMMITMENT TO ENVIRONMENTAL SUSTAINABILITY.'

Hmmm, JM doing a chat with Justin the clown - is that a fund raise I see coming sometime soon? John M isn't interested in being factually accurate, he's interested in trying to push the sp up to facilitate a fund raise at an sp higher than it is now. SP Angel (for their services) will be paid in JAY shares - they'd like to see the sp higher so they can sell those shares into the inflated price - a price they will try their damnedest to pump up before they dump. They do have a track record - apparently selling their entire holding into the rise created by the farcical 44p target they conjured up. It's so very transparent and predictable.

A light-hearted post (with no reference intended to any person, living or dead). RNSs as they should be

G'day cobbers. I'm really pleased to announce our latest scam (edit - sorry I mean scheme) I was beginning to think this company was a dead dingo but me and my good mates have come up with a bottler of a plan. We'll do another fund raise and say we need more money to put in place a bonzer plan to buy out Kobold's share and to progress work with a company called White Flame Energy to explore for O&G. We're all sure none of them pommie investors will work out our existing connections to WFE. Strewth, we've got away with so much in the past this little beaut is sure to succeed. We just love the pommie market – we can get away with loads of scams (edit - sorry I mean schemes) and not only do the regulators do nothing but those pommies keep giving us their smackeroo.

Apparently those drongos at Kobold don't like our new plans and something called business ethics – they must be right flaming galahs, me and me mates always make a mint from the companies we run. Kobold will sell us their share for $1 - we might keep that to ourselves, then me and my cobbers can get some big beer tokens out of the fund raise. Bonzer.

As Ailean has said new O&G exploration in Greenland has been banned, the chances of Bluejay or White Flame (or anyone else) successfully exploiting O&G in Greenland is virtually zero. There's no way RM and his shameful posse don't already realise that but they are attempting a ramp of Bluejay regardless. Trying to squeeze every last cent out before it all implodes. Plenty of companies with deep pockets have been there before and walked away - eg, between 2010 - 2014 Cairn spent around $1bn and others have also tried their hand already.

I would suggest that RM and his crew will not succeed in the short time they have until their licence runs out in 2027 - other far better funded, staffed and experienced co.s have failed in the past even when the appetite in Denmark was open to O&G exploitation. Only mug private investors are ever going to fund such a farce, any one with even the merest knowledge of the situation will not want to partner or fund Bluejay on it's newly chosen path. Might, as ever, be money to be made on trading the spikes but long term this is going to zero.

Good read here -

https://tinyurl.com/mt4zxrjy

EnuffRMbs - LOL, cunning plan. You might be right; RM isn't going to be worried about tarnishing his career any more than it already is ;-)

Oh, and how about the relationship with Kobold, which I reckon is going to be terminated anytime soon. The news today more or less confirms it in my opinion. BreakthroughEnergy was established with the sole intention of helping to drive the planet away from fossil fuels - working with a co. that is proposing to develop fossil fuel production in a such a clean and unspoilt territory like Greenland simply does not match their agenda. Goodbye Kobold, and goodbye Bill & Jeff of course :-)

Dear oh dear - are they scrapping the barrel or what? This really does look like an act of desperation - none of their schemes have / are working so what pretence can they cook up to persuade suckers to invest? You can imagine RM's chat with the depleted BOD and now miniscule team of experts. We desperately need money and the news of rekindling Dundas hasn't shifted the sp - what else can we do. I know, helium and hydrocarbons, that should sucker a few more punters into investing. They're hoping investors will ignore the fact that they haven't really got enough money to progress their other plans so will need masses more money to explore, licence and progress these new options.

Had a very quick response to the question; the remaining 25% of Wudinna is costing £260,050 in cash and the issue of approximately 52,010,000 new ordinary shares in Cobra at a price of 1 pence per share. I'll take that as good news as I was expecting it to have cost them more, it certainly reduces the likelihood of another fund in the very near term.

Thanks for the prompt responses - most helpful and much appreciated. The figure for the amount of the fund raise spent on the 25% of Wudinna may be hidden somewhere deep in the public domain but I haven't found it. I've sent COBR a short request for that info and will post if I receive a reply.

I have looked but cannot find out how much of the last fund raise was used to buy the remaing 25% of Wudinna. I'm interested to find out so that I can better guess how much COBR may have left in the kitty and evaluate the likelihood of any impending fund raise. Any one have that info or at least refer me to a source. Thanks in anticipation.

Jimbolina - morning to you. I very much doubt it and thought exactly the same when some posters claimed Kobold's connection signalled Bill and Jeff's endorsement of JAY. Ludicrous really. BreakthroughEnergy has over 100 investments and will be run by a dedicated team of associated experts. However, I do think the team running it, almost be necessity, will require an unquestionable level of corporate governance due to both the involvement of it's founding members and of the almost altruistic endeavours it was established to create. Why get involved with the likes of RM? After all JAY is surely insignificant to BE - they are working (and have had success) at many other locations with many other enterprises. Time will tell if they even drill further on JAY's plot.

RichyRich1 - hi. I may post irrespective of whether I currently hold any specific shares or not. Posting adds to my research whether or not I currently hold, have previously held or am considering the investment potential of any particular company. I've learnt quite a bit from ShipwreckSheep's replies.

Ashton - morning to you. Hmmm, now that you put it like that I can see that I have been a little rude and over eager in my condemnation of your investment strategy and in my attempt to make other less experienced investors aware of your track record - I do apologise. However, in the face of ever mounting evidence to the contrary you have made unwaveringly bullish posts about JAY for those 4 years while also posting that you own a LARGE core holding on which you've seen it's value drop by > 98% over those years . You bought at just under 9p and today's price is 0.31p.

I'll not continue this discussion on this thread but have posted here to give your post some context and to apologise for my previous exuberance. Good luck with JAY.

Trombone - thanks for your reply. I think you refer to rule h.

'post or otherwise publish any content unrelated to the board or the board's topic' - I'm sure admin would agree that chat regarding COBR's competitors and how they might effect COBR and its chances of success are to be welcomed. I initially questioned the accuracy of the statements in COBR's news release and the ensuing responses have led to a balanced chat concerning COBR - ideal chat content for a COBR chat board.

While we are on the topic I'll bring to your attention to point i, posters must not

'restrict or inhibit any other user from using the boards' - is that not exactly what you are attempting to do by making a threat to report me to admin unless I tow your line?

Good luck with COBR - I hope it comes out well.