Member Info for RachT2

Ashton — and perhaps the BoD — seem to have glossed over a few rather important points in their latest attempt to ramp 80M. Newcomers should be aware that Olga Solovieva has a long and quite familiar history with Bluejay / 80M and a circle of interconnected companies. Funny how that same theme keeps popping up, isn’t it? Interconnected companies.

Ashton is busy celebrating Olga’s appointment as COO. Whoop-dee-do. But he forgets to mention that on the very day in Feb ’24 when Bluejay announced sacking 80% of its staff, it also slipped out the news that Olga had become their “Senior Geologist” — complete with the usual PR fluff about diversification and expertise. What was not highlighted then (or now) is that she’d already been working for Bluejay since January 2022. Convenient omission? Surely not…

A quick check shows that Olga’s CV is embedded in a cluster of companies linked to 80M and its directors. She’s also involved with White Cliff Minerals, whose current board includes Rod, Troy and Eric — all names that pop up repeatedly in the wider network. She’s involved with Alien Metals, another “interesting” company where Rod also happened to be a director. She’s been associated with Met1, and she turns up at Coyote Ltd, where — surprise, surprise — Eric also appears.

I am, however, unable to find any reference to Olga working at any other companies.

So what do these companies all share, besides Olga and familiar faces from the 80M board?

A rather awkward detail: none of them seem to make any money.

Typical Ashton — I’ve no idea how you’ve still got the cheek to pump out such over-optimistic expectations. As usual, you haven’t addressed a single one of the recent red flags. Instead, you’ve responded with yet another pair of long, ramptastic posts full of predictions — despite having a record of many predictions proving to be complete rubbish. Yes, you occasionally get one right, but if you throw enough mud, some of it is bound to stick. You’ve now listed 15 new “expectations” and no doubt you’ll again post to claim ‘insight’ and to pat yourself on the back when one or two happen to land. LOL.

Jim — RM is simply doing what RM does best: ramping. It’s hardly surprising he talks up his latest venture at every opportunity; AIM is full of that behaviour. But calling 80M his “life’s work”? Come on. You should have a look at his track record with companies prior to 80M to get a fuller picture of his life's work.

Ashton — more deflection. What exactly is your point? That I can, and do, change my mind when new information comes to light? Of course I do. You insist on viewing this company through rose-tinted glasses; I don’t. I’m flexible — you’re not.

We’ve had multiple company announcements since that post of mine back in August. Several of them have been deeply concerning: related-party issues, failure to disclose those relationships, failure to disclose that funds were missing and still needed to be raised, etc. I’ve highlighted all of this.

So would you really blame me if my view had evolved based on the company’s own actions? Surely only a fool would not factor in new information and act accordingly.

Ashton

So we agree then: the frequency of my posts isn’t tied to the share price direction — and you’ve provided zero evidence to the contrary. Yet you still insist my posts somehow move the share price. I don’t buy that for a second. I’m flattered you think I have that kind of influence… maybe I should start posting even more. 🤣

Just to correct my earlier comment of 14/11/24 — I should have said “I don’t believe MY posts…”. My apologies, I inadvertently missed the key word. But the point stands: I don’t believe any of MY posts affect the price. I simply comment on what I see, with no expectation of influencing anything. The same can’t be said for the wave of rampers who appear whenever the company releases another ramptastic RNS. They’re almost always biased holders who post in the hope of drawing in new PIs and inflating the price. When that happens, what percentage of posts on here highlight caution or point out the glaring red flags? 2%? 3%? Maybe 5% at best? It’s the sheer volume of ramping — here and across other boards — that fuels the spikes. And those spikes have always fallen back, perfectly well, WITHOUT any help from me. Again, just look at the charts. See any difference between the period before I posted and the period after? Here’s a hint: there isn’t one. So please, show us the “difference” you claim my posts make… or is this another case of presenting non-facts as fact?

As for the odd movements of certain BoD members and interconnections with those players and the recently formed companies — you seem to view all of this favourably. Needless to say, my interpretation differs slightly 😉. The main 80M players are now safely placed elsewhere and engaged with various interconnected ventures, meanwhile 80M itself is now facing substantially increased liabilities (GS, additional drilling costs, etc.). One alternative view is that 80M could be being lined up for a cheap takeover. But as you say — if you think what I’ve said is outlandish, feel free to toss it in the trash can.

Hmm… more odd interlinked developments.

As I’ve said before, the very recent formation of this whole cluster of interconnected companies is worrying. When Hydrogen Valley was incorporated on 28/06/24, a Mr Steven Mark Frascogna was listed as director – alongside the ever-present Robert Price. His service address: 4044 Boxwood Cir, Jackson, United States.

Companies House shows no record of Steven Mark Frascogna resigning from HV, yet we’re now being told that Mark Frascogna has joined HV as managing director. Looking at other company filings and you’ll find Mark Frascogna listed there too – and surprise, surprise, his service address is exactly the same as Steven Mark Frascogna’s.

What an incredible coincidence. Two Frascognas? Same address? Both born December 1954? You couldn’t make it up.

HV has also quietly pushed its accounting period back from 30/06/25 to 28/12/25. And don’t forget the strike-off notice issued in September… which was then hastily withdrawn in October.

The whole situation feels, at best, murky.

Maybe our resident Mr Proxy could clarify whether these aren’t simply the same Frascogna. Although given his output tends to be pure ramping or deflection from the growing pile of red flags, I won’t hold my breath.

Continued...

It can explore / develop / monetise those areas - NONE of which would benefit 80M in anyway. JL probably represents less than 5-10% of the potential for energy in Greenland - that gives a lot of bigger fish to go after.

Ashton

Still no comment from you on the latest red flags surrounding this company and its BoD. LOL. Typical. Anything that doesn’t fit your proxy/ramping agenda gets ignored or deflected. You then try to “explain” things to Neil — how generous — but as usual, you’re selective and duplicitous to suit your narrative. You conveniently failed to mention that my post to Piou was the first and only time I’ve ever stated that I’d recently sold (at a profit) and believed there’d be a chance to buy back lower. You try to present it as something I do regularly. False. If you think otherwise, then produce another post where I said the same. Good luck - LOL. It’s no secret that I buy and sell this share; I’ve said so plenty of times. When I get it right, I buy low and sell high — which, last time I checked, is what investing is supposed to be. Your strategy, on the other hand, has been to hold and ramp this stock while the value of your investment has dropped by 98%, forcing you to average down massively or sell at a huge loss. Not exactly a winning model, but lucky old you - unlike many others you seem to have the funds (and faith) needed to support your style.

You also claim I “go quiet” when the SP is rising and only turn up when it falls. False. The rises happen quickly because of the BoD’s ramptastic announcements and your own enthusiastic embellishment of them. Anything I post during those moments gets drowned in the flood of exaggerated ramping from you, the rest of the amigos and a hoard of rampers. Meanwhile, fact-checking each fresh fantasy the BoD produces takes time. I’ve repeatedly told you to look at the chart and compare it with the announcement dates. The pattern existed long before I ever posted here. So go on - provide evidence that my posting frequency is materially different depending on SP direction. As above - you can’t as your talking utter claptrap again.

Then there’s your claim that 80M is worth 30% of GE. Absolutely farcical. Just like the BoDs claims that its share of JL is worth $92m - looks like the market didn’t fall for little ruse any more than I did. So if GE lists at, say, a $300m market cap, you’re claiming 80M share of JL is instantly worth $90m? Dream on. Lets have a reality check here -

they haven’t drilled yet

the drill is already delayed

neither ARCO nor BP thought it was worth drilling JL - neither company drilled a SINGLE hole, yet 80M and its web of interconnected parties know otherwise

USGS rated the chances of successfully finding an economically viable O&G reserve in JL as being around 7%

the funds (for drilling JL and Disko) appear not to exist

multiple assets you previously valued turned out to be worth less than 1% of your “best guesses.”

And here’s the part you keep ignoring: The real O&G potential lies offshore and elsewhere in the eastern delta — JL is a tiny piece of the overall picture. If GE obtains the appropriate licences and funding, i

And here we go… the three amigos ride again. 😂

Mutual back-slapping, brown-nosing and recycled encouragement from Ashton, IvR and CC — a pattern that has repeated itself for years, and one I’ve highlighted many times. All three are clearly heavily biased investors, and once again they’re proving the point.

Ashton — your bias, and your habit of acting as a proxy mouthpiece, has clouded your judgement for a long time. Have you ever actually looked at the share price chart for Jay/80M? It doesn’t take a rocket scientist to see that everything I’ve posted is grounded in fact.

The company’s ramptastic announcements get jumped on, amplified, and blown out of proportion by the ramp crew. Meanwhile, when reality hits (as it always does), all the usual suspects suddenly fall silent. Those who were posting ten times a day mysteriously vanish. At that point my posts naturally make up a far larger share of the board — because the ramping chorus has gone quiet.

The pattern is painfully obvious:

1. Over-optimistic announcement

2. Rampers buzzing everywhere - encouraged by the 3 amigos

3. Share price spikes

4. Reality resurfaces

5. Price falls back

6. Rampers disappear

Overlay the announcement dates with the chart — the pattern is glaring. Can you not spot it? Or do you deny it exists?

You even referenced my reply to Piou on 23rd October. Not sure why, because it proves MY point perfectly. The close was 0.69p that day. Today you can buy at 0.577p. So yes — I was correct, wasn’t I?

And as usual — just like IvR — you offer zero counter-argument to any of the serious issues raised about the BoD’s behaviour. Instead, you roll out the same tired deflection routine and attack the messenger. Predictable, and frankly weak.

To you three, the company can do no wrong. Even when it does — even when the red flags are impossible to ignore — you refuse to address any of it. Poor governance, related-party nonsense, repeated over-promising… all brushed aside so you can defend the indefensible.

Neil – I appreciate the supportive words.

You’re clearly new to the board, so just for clarity: I’ve said many times that I’m not a long-term holder here. Personally, I have very little faith in the company — or its BoD — to deliver genuine long-term shareholder value. So I trade in and out depending on where I think the share price is heading.

I rarely, if ever, say whether I’m currently holding. Yet we still get chancers like CC, confidently claiming they know. It’s genuinely hilarious. I’ve been following and trading this company for a long time, and that experience has shown just how predictable the pattern is. The RNSs are almost always over-optimistic, giving the share price a short-term pop, followed (inevitably) by the slump when reality catches up.

For the record, I don’t believe posts on this board move the share price. Much to the annoyance of some biased individuals I regularly post my opinion, an opinion based on years of observing this company and its behaviour. Sadly, that history is still mostly red flags. Sadly, just like now, those same biased individuals rarely, if ever, have a valid counter argument. Says it all. I’d genuinely like to be proven wrong one day — the long-term holders deserve a change of fortune.

CC — yet another completely baseless statement from you. How exactly do you know whether I’m holding or not? Go on, enlighten us. I’m sure the board could use the entertainment. 😂

IvR — kerching. Once again, no counter-argument to anything raised, so in desperation you fall back on your usual tactic: the personal attack. Pathetic, really. Claims to have filtered me, yet somehow always manages to reply. Odd, that. For anyone not familiar: IvR has been posting the same rampy claptrap for years, all the way down from 8p. Even advised people that 6–7p was a great entry. Still, maybe it’ll be different this time… eh, Rodney? 🤣

Oh dear, 80M at it again…

Further examples of poor governance from 80M. Their latest announcements conveniently omitted the fact that the new deals and partnerships were related-party transactions — something that should have been clearly disclosed under AIM rules.

Apparently both the FCA and NOMAD were alerted, which explains today’s “correction.” Over-optimistic ramping and selective disclosure… quelle surprise.

As I highlighted previously, USFM is a new entity — and what of that much-publicised $30m that I queried the existence of? It doesn’t exist; it is yet to be raised. The same almost certainly applies to the $70m supposedly linked to JL. So the headline $100m figure is anything but guaranteed. Nice of 80M to eventually confirm my suspicions.

Then there’s the $92m “valuation”. Let’s not forget it’s based on a NOTIONAL figure applied to Pelican, seemingly by the same parties linked with the company — spot the red flag anyone? Those familiar with mining and exploration valuations will know that using notional numbers is not standard practice. Doing so here is, at best, misleading and poor form.

These are meant to be “experts,” yet they continue to promote questionable figures to retail investors.

I’ve previously posted a detailed explanation of why notional valuations are inappropriate in this context — happy to re-post if anyone wants a refresher.

IvR

More claptrap and distraction, I see. You made the exact same false claim about me before — back then, just like now, because you didn’t have a valid counterargument to what I’d posted. The usual deflection and noise.

Let’s be honest — you’ve been ramping this share since it was around 8p, and carried on all the way down while your own holding lost about 90%+. You even told others that 6–7p was a “good entry point.” How did that work out?

So once again, and for the record — I am not Mr Hughes, and I’d appreciate it if you stopped suggesting otherwise.

Not that IvR will actually read this, of course — he claims to have “filtered” me. Still, it gives me the chance to point out to others just how unreliable his posts are and what diabolical “advice” he’s consistently offered while ramping JAY/80M.

Good luck to anyone taking his ramping seriously.

Wow — Ashton really is taking his role as Proxy-in-Chief to new extremes.

Either he’s been in direct contact with RM within two hours of my post, or — far more likely — he’s just making it up. Again.

He now claims that “RM was denying any conversations with the U.S. government on forming the partnership with March GL.” Really? And how exactly would he know that? Highly unlikely, isn’t it.

So now he’s trying to tell us that what RM actually said is somehow different from what’s written in ArcticToday. You honestly couldn’t make it up.

The article itself clearly states that RM “denied ANY contact with the U.S. government.” (My uppercase.) That’s about as definitive as it gets.

It also confirms that RM held discussions with “Naalakkersuisut and the ministries.” Were those talks with the Greenland Government also limited solely to forming a partnership with March GL? LOL — of course not. The scope would most likely have been much wider.

Now, unless I’m mistaken, one of Ashton’s favourite pastimes is accusing others of posting non-facts as facts. Looks like he’s just earned himself a gold medal in the very thing he claims to despise.

Bob

I too am looking forward to the grand opening of the plant in December — or not, as the case may be - It will be the 3rd or 4th time the opening has had to be put back.

It should finally show whether my long-held reservations about the timeline and profitability are justified. Personally, I’m not expecting the financial fireworks that you and some of the rampers on here seem to think are guaranteed.

Worth reminding ourselves of a few inconvenient facts:

GS acquired the plant via the bankruptcy of Mythen S.p.A. — which rather says it all.

They bought it back in 2014, but it wasn’t “closed for refurbishment” until 2018. So what happened during those four years? Clearly, they struggled to run it profitably.

If the plant had genuinely been a money-maker, why close it completely — and then take seven years to refurbish it?

Throughout GS’s ownership, losses mounted — years of costs with little to no income. Those losses then continued under HV and now under 80M ownership.

As for the “profit” you posted that HV recently made — let’s be honest, that was almost certainly a paper profit from an accounting revaluation, not from actual production or sales. You can’t have operational profit from a plant that isn’t even running.

And what about those MoUs for feedstock supply that were recently trumpeted? Have we had any concrete updates? Until those agreements are signed, sealed, and delivered, feedstock will be patchy at best. That means the plant won’t be running anywhere near full capacity for quite some time.

Which raises the obvious question — will reduced revenue even cover operating costs?

Especially now that 80M is on the hook for 100% of them.

Or a 4th option has just come to mind - maybe the ArticToday has inaccurately reported? Perhaps our resident Proxy will find out for us during one of his regular chats with certain BoD members? I doubt it though.

My thanks to both Jimbo and CC

More laughs - this time supplied by a seemingly incompetent BoD. One says they have talked to the US Govt and then one says they haven't. Once again, you couldn't make this up.

There are 3 possible explanations -

Someone was (once again) being over optimistic and talking claptrap to ramp the shares

Someone doesn't know what's going on

Or, more likely, both of the above

LOL. The apparent incompetence and ineptitude continues.

Greenflags – ramptastic as ever.

Disko: So, a newly formed company — connected to 80M and its web of related entities — has pledged $30m, despite having no recorded income or capital. That’s quite a commitment for a company that didn't exist until just over a week ago and, on paper, appears to lack those funds. Can it actually raise that amount? Time will tell. Let’s not forget, though, that another of these interconnected companies, HV, struggled to raise capital and ended up reducing the price of 25% of GS to just £380k in a debt-for-equity swap. As IvR rightly pointed out, “That kind of transaction reflects a distressed balance sheet position.” If HV found it difficult to raise a few hundred thousand pounds, one might reasonably question how Disko expects to secure $30m.

JL: Again, only time will tell how this plays out. But it’s worth remembering that drilling has already been delayed once — not the most encouraging start.

GS: Is this not the fourth date that 80M has given for operations to commence at GS? If memory serves, production revenue was expected around six months ago. LOL. Each of the previous start dates has quietly passed without material progress. And what of all those grants the rampers were so vocal about? Most have since closed — and still, no updates from 80M, or those exuberant rampers. Fancy that. 😉

CB – more deflection and repetition of the same old points. You’ve already asked me exactly the same question about why I don’t attend AGMs, and I gave you a full and detailed reply at the time. I see no reason to repeat myself.

Since you’ve chosen to ask yet again, it begs the question — are you too lazy to re-read my response / unable to recall asking before / or simply filling the board with more recycled rubbish because you again have absolutely no valid counter-arguments? Any of those possibilities reflects poorly. Perhaps there’s even a fourth option?

Not content with spreading unfounded claims about TW, you’ve now decided to misrepresent me as well. Apparently, I “don’t know how the real business world works.” Hilarious. I’d suggest I have a stronger grasp of interpreting year-end accounts than many on this board — yourself included. Or perhaps what you really mean is that I don’t share your rather naïve version of “how the real business world works.”

Luca

Yes, selling for a profit is always satisfying — but here’s the rub: there’s no profit until you actually sell. You’ve highlighted a very small group of readers here — those who bought at the absolute lows and are now in positive territory.

Look at another 80M-related company, MET1, as a prime example. The stock ramped all the way to 50p, despite millions of 2p warrants yet to be exercised. It was obvious the price would eventually fall, but the ramping continued. Reality has now returned: the stock is just over 3p — a drop of over 90% in a few months. Anyone who bought during the climb (and didn't sell into it) has been badly burned, while the rampers and warrant holders likely sold for a tidy profit. 80M exited halfway up — well played.

There were a few individuals who repeatedly warned the price would drop. They faced the same hostility as me, but they were right all along.

Many readers here have followed the constant ramping from Ashton and IvR over the past 3–4 years, only to see investments tumble by 98% or more. Unlike Ashton, I’d suggest most investors can’t afford to average down (to the extent that he has done so), leaving them sitting on huge losses. Are those who bought recently at 0.80p celebrating? Not likely — they’re already in the red; let alone the ones that bought at over 8p.

Much of the talk here relies on nominal share values that are irrelevant in this sector, unproven resources, newly formed interconnected companies, and speculation of massive profits from GS — which was acquired after its previous owner went into administration and hasn’t made a profit in over a decade. Really?

This company’s track record is littered with disappointment and shareholder losses. Reminding people of this does no harm — it’s a reality check that growth is rarely a straight line to riches. Investors often want to hear only the positive, but opposing, credible views deserve to be aired.

CB

So once again, deflection and no counter argueemnt - no proof, just more of your BS (see what I did there - aren't you a livestock farmer? 🤣🤣). You've made a claim (libellous?) that TW is shorting this stock - and you've absolutely no proof. And you call that being informative, honest and correct - hilarious. Spot the obvious error? Nah, its lost on you isn't it?

No personal agenda on my part - I just post what I see. If you don't like my posts then filter me. Let's be honest - you've not once come up with a SINGLE valid counter argument to ANY of the MANY red flags I've posted. And no doubt you never will.

Thanks for the concern for my wellbeing - but rest assured, I'm fine thanks.

CB

Oh dear — been dipping into the Merlot again? 🤣

You (and others) love throwing around “complete rubbish” whenever I post red flags that don’t fit your ramp, yet you have never managed to disprove a single red flag I raise. Instead, it’s the usual routine — dodge, deflect, and hope no one notices.

So, here’s your chance: prove that Tom Winnifrith is shorting this stock. In fact give us just one example — show where he’s actually borrowed shares or held a formal short position. Go on, surprise us. In fact, name ANY stock where that’s been proven.

We both know you can’t. Your “research” probably amounts to trawling biased BB posts and reading unverified, anecdotal and (potentially) libellous articles. Yet you present it as fact — Ashton’s supposed pet hate, remember? Libellious? Hmmm, TW might think so. But of course, as you’re on the ramp, Ashton will keep quiet and the usual cheerleaders will upvote your post.

The hypocrisy would be funny if it weren’t so predictable.