Member Info for RachT2

CC - ".......but one can't doubt his enthusiasm." Hilarious. Have you actually watched all of RM's previous advertorials? He is a master at portraying an enthusiastic image, he deserves some recognition for his thespian like presentations. Unfortunately, as we all know, the enthusiasm has been misplaced on the bulk of previous projects - many of which have come to nothing, cost shareholders money and simply disappeared with no further reference being made to them.

IvR - thanks for reminding me about Kangerluarsuk - yet another disappointment. Jay had the funds to explore but within 2 months that financing agreement was terminated by “mutual consent”. Really? Looks to me that TNZ changed their mind - why else would Jay not have done a maiden drill? Anyway, nothing from Jay / 80M since despite the usual unachieved/ unachievable ramping statement.

April 23 - ”The company still expects to commence the drilling campaign at Kangerluarsuk in the summer, and is in discussions regarding progressing alternative financing plans”.

More comedy. You couldn't make it up.

Enonkoski - yep, that's almost certainly another dud Jay / 80M want investors to forget about. It has dropped of the radar - just like the other “valuable assets” that I posted about. “Valuable assets” that cost shareholders their money and came to nowt. With Enonkoski Rio walked away but the BoD polished the t**d (as usual) and stated just how great it was that Jay had retained a 100% interest and that future work would be undertaken on untested targets, bla bla bla. And then nothing - can anyone else see the pattern? Big up project after project and then quietly forget to mention the failures and hope that no one notices. It's comical really. This from Jay in July 23 -

"Bluejay's focus will now turn to assessing the wealth of as-yet-untested targets that have been identified along the Enonkoski Belt through the various regional geophysical surveys, top of bedrock drilling and geological mapping programmes under the JV. This includes the Makkola intrusion which is located close to the Hälvälä Ni-Cu-Co Mine in the eastern part of the >15 kilometre long belt. This target ranked very highly in the recent belt scale prospectivity assessment of all known intrusions. The recent work, including a detailed ground gravity survey, indicates the potential for the presence of shallow mineralisation at Makkola. Alongside these activities, we will be assessing strategies for the project going forward for the best outcome for our shareholders.”

IvR - I've just been looking at another company to confuse my tiny brain. Anything you'd like to counter?

RBP - great choice to partner with 80M? I do like to do a quick scan of chat forums for a flavour of the company. Regarding Total Helium these 2 make for interesting reading. Looks like they joined the helium bandwagon some years ago but then it all came to nothing, sound familiar?

https://tinyurl.com/yc2nsybh

https://stockhouse.com/companies/bullboard?symbol=v.toh

Comments such as these below are telling

“After this last news release I have to say it looks pretty grim. All 7 newly drilled wells are nothing but holes in the ground. They produce 0 helium and cannot be reconnected. Also zero urgency by management and even the drillers from the pinta south company are showing they have little confidence in economic production.”

“this company should be called Total Hot Air”

“Absolutely criminal, the whole lot here should be investigated”

Obviously some disgruntled shareholders for this company, easy to see why - all the usual helium bandwagon hype from the BoD but the reality is ever larger losses, repeated share dilution, 99.5% loss of share value and with no obvious path to profitability. This is sounding very familiar - RBP should fit in well.

Thanks for posting RBP's track record - I remain unimpressed. It looks like the same Total Helium (TSXVT) that has (just like Jay / 80M) lost investors 99.5% of their money. Uncanny similarity that. Similar over enthusiastic news releases too.

“We are pleased to commence trading on the OTCQX Market, the premiere tier of the OTC Market, as we remain focused on delivering a stable supply of helium for US domestic demand,” Total Helium (TSX-V:TOH, OTCQX:TTLHF) Robert Price said in a statement.

“Graduating to the OTCQX helps a broader audience of investors access information about our Company and trade our shares.”

Wow, that didn't work out well - the SP has subsequently dropped by 97.5%. If my memory serves me well Jay did the same - and with a similar outcome. OTC investors also obviously not buying into the story. Can't think why.

Here's a copy of my recent post in response to Ashton's persistent questioning regarding the likelihood of news for any of his 3 chosen projects. Well, looks like I got JL correct. Let's see how Disko and Greenswitch play out. Greenswitch’s already delayed start of production is getting close and it looks like issues of ownership and unpaid mortgages still go unresolved.

Jameson. I've posted previously (you failed to respond) that the figures from Arco do not correlate with the ones issued by the official GUES estimation. The GUES figures suggest that Jameson holds far less than Arco stated. So what exactly does lie beneath Jameson? Who has pockets deep enough to find out? If a well funded partner is announced then that could obviously be to the benefit of 80M but if a tin-pot cash strapped entity is all that 80M can attract then how will the market view that? Not favourably is my guess. Who knows if they will attract a partner or not - they talked about imminent partners for their Finish projects (and others) but alas, none materialised. Fancy that.

Disko. Any drilling that might be announced this year won't involve Kobold. How does the market perceive that news? Not favourably is my guess. The planned drill was going to cost $11.6m, that was 2 years ago so adding in inflation that same level of work would probably cost c.$12.5m today. If 80M do anything less than the planned drill how will the market react? Not favourably is my guess. If a drill does proceed it will obviously be a much reduced drill as they simply don't have the funds to do the full drill. How many targets will they be able to afford to drill? Certainly not all those that Kobold spoke of. How will the market respond to them only drilling one target? Not favourably is my guess again. They can probably only afford to comprehensively drill one or two target areas maximum - you had better hope they turn out to be very lucky and pick the best ones on the block. Anything less than perfect results - how will the market react? Not favourably is my guess yet again. Of course if they hit the jackpot then hoorah. Ultimately, will they drill this year? RM says so, so it must be true. LOL.

Greenswitch - I have written extensively about all of the question marks that hang over HV / Greenswitch and yet you insist on distilling it down to a simple (but utterly irrelevant) question of whether or not they will start production this year. Is that really all that interests you? Is that really all you judge your investment decision and valuation on? Or the only factor that you would have existing / potential investors base their investment decisions on? Blimey, even I didn't realise you were that blinkered / biassed / naive. You pay no regard to ownership, to delays, to the fact that 80M holds only 24% of HV, to when will production actually become profitable etc etc? You have not responded to ANY of those rather crucial queries I've raised. Surprise, surprise.

IvR - Thanks for pointing out my mistake—I did incorrectly mention GUES when I meant USGS. That was an honest error, not an attempt to mislead.

Instead of addressing the points I raised, you've chosen to call me a “FUD spreader.” If you want to be taken seriously, you'll need to actually engage with the data I provided rather than resorting to insults.

“Greenland is over four times the size of France” - Kerching. And that doesn’t even include the massive offshore areas—where the majority of oil and gas potential lies. JL covers a tiny fraction of that area and holds no offshore licenses. If you have facts that contradict that (or anything else in my recent posts) feel free to share them.

IvR / CC. I assume you both might also disagree with this post I also made - do have a look at the map in the article for an idea of the very small geographical size of JL - and again note that the existing WFE / 80M licence DOES NOT include any off shore areas. Over to you

Further to my last post. Now is an opportune time to bring investors attention to an article I came across sometime ago. It's a lengthy read but worth the effort. It's an excellent paper - see the link below. It really does bring it home that if Greenland does open up the O&G opportunities then 80M's "unique licence" will cease to be "unique" and could well be dwarfed by other projects.

The map in section 3 illustrates the sedimentary basins (likely deposits of fossil fuels) in Greenland (both onshore and off shore) with Jameson highlighted. Jameson really is quite tiny in the grand picture - maybe 3-4% of the total area of the illustrated basins?

https://www.sciencedirect.com/science/article/pii/S0301420721004347#bib96

IvR (and now CC). So you think it best to rely upon UNPROVEN data supplied by companies (ARCO & WFE) with a vested interest in promoting their worth rather than an independent ‘official’ 3rd party? Now that is weird. Here is a copy of a post I made querying the value of JL and questioning the ARCO / WFE valuation. Exactly which of the figures I've posted do either of you disagree with? I'm all ears.

USGS - "Most of the undiscovered oil, gas, and natural gas liquids is likely in the offshore parts of the province." - areas that Jameson does not encompass. If the entire area assessed (which excludes Jameson) contains 31,400mmboe (with most of that offshore) what is the likelihood that Jameson (in isolation) contains up to 21,500mmboe? That would indicate that the relatively small area of Jameson would contain a volume equivalent to around 68% of the entire volume held within the rest of the (enormous) area of the East Greenland Rift Basins Province. That appears far too optimistic. Even the lower Arco figure of 8,600mmboe would mean Jameson contained a volume equivalent to 27%+ of the entire volume held within the rest of the East Greenland Rift Basins Province. Given that Jameson doesn't include offshore prospects (which is where most of the reserves are actually to be found) it would appear that Arco's figures are far too optimistic or those supplied by the USGS are too low.

Indeed, market sentiment poor. Reaction to questionable deal or realisation that JL ain't quite the golden egg some on here would have you believe. The Arco figures do not correlate with the 'official' GUES figures for O&G.

CC 80m cannot sell, transfer or assign any of the consideration shares for a period of 12 months and are subject to orderly market provisions for a further 6 months. That doesn't read as being 'available to sell' - or at least not for sometime yet.

.

IvR Track record / filter? What? and miss out on being reminded of the numerous red flags and correct fund raising forecasts? 😃 Anyone is free to filter any individual they wish - I do hope my efforts to counterbalance certain individual’s perpetual, blinkered and biased ramping is worthwhile. Good gracious, not everyone is fortunate enough to be able to average down all the way from 9.1p to (allegedly) attain an average purchase price of some 99.5% less; that’ll cost a fortune if your initial buy was a ‘large six figure holding’ and you topped up with another large buy at c. 1.85p. All the while ramping the share to others for those interim years. So yes, filter away, consider only the positives and ignore all the negatives - not advice I would advocate personally but then thankfully we all have different strategies.

IvR - zero time? Oh you are so harsh, I'm gutted. 🤣 Glad I'm not a lone voice thinking that Greenswitch stinks - and now with a bit more info March GL isn't smelling that sweet either. You've posted an excellent summary to describe one of Ashton's tactics on this board “....any type of challenge or questions you basically bury through pro messaging and regurgitation of RNSs.” But you've omitted the other tactic - to totally ignore any questions and red flags laid out before him and to carry on ramping as if they didn't exist. Extremely frustrating isn't it - dealing with some classic forum ramping tactics—burying dissent with repetition, overusing official announcements, and conveniently sidestepping any real scrutiny. That sort of selective engagement is frustrating, especially when others are clearly seeing the same red flags but the conversation keeps being hijacked.

''I have found out more information from management about March GL.''. That'll all be from your ever and always reliable source at 80M no doubt. LOL.

IvR, weird indeed. This certainly sounds like a complex and murky situation, with shades of speculative maneuvering and possibly questionable due diligence. The parallels between the recent deal and the Hydrogen Valley/Greenswitch setup are quite telling—both involve RBP and entities that emerged just before acquiring significant assets, raising red flags about structure, intent, and financial backing.

The outstanding $12 million mortgage and the Italian court proceedings over Greenswitch ownership are particularly concerning. If legal clarity on asset ownership isn't achieved, then 80M’s current and future investments could be at significant risk—potentially throwing good money after bad.

Some on this BB might have hoped for a big-player acquisition (Exxon, BP, etc.) but alas we got RBP and his March GL and now investors may be left dealing with a far less transparent outcome. It does resemble a hornets’ nest—opaque entities, questionable timing, and legal clouds hanging over the deals.

His house is up for sale so that might bring in a little more cash 🤣

Another 80M statement that shareholders are due an update on - now don't hold your breath folks. Regarding ex BoD member, Mr Hughes, we were told on 9/2/24 - ''Bluejay regards these actions as extremely serious and as such intends to take all necessary action, including legal action, as required against Mr. Hughes and the competing business he set up, in order to safeguard stakeholder interests. The Company will update shareholders as it works through these issues in due course, as appropriate.'' Looks suspicously like we won't be hearing any more on this subject - such a surprise. Not. LOL.

Still, not to worry there'll be some money come in from Dundas anytime soon. ES 16/4/24 - ''The assertions made by former management that 1.5 months of inefficient and ineffective exploration in 2022 is more representative than the cumulative three-year work stream preceding it is fraught with problems. As such the Company is reviewing suitable courses of action to retrieve the effectively wasted shareholder capital from those responsible.'' PMSL. Good luck with that one Eric.

Somebody blowing their own trumpet again -self congratulations about stating the blooming obvious. " If I were you, I would focus on Disko, Jameson and Greenswitch." - said after the Finish assets were offloaded. So what else was there to focus on? Hmmm, pretty much nothing other than Dundas - let's not even go there. I'm surprised by the market's lack of enthusiasm for todays news but there we go - another piece of "SUBSTANTIVE news" that fails to move the dial.

Good point Ashton - and one I've often pondered on. Why didn't the BoD of Jay insist on a similar conditional transaction with Kobold? My thoughts -

It is most certainly a simple and common inclusion into any such agreement. Surely only an incompetent BoD would not have tried to insist on such a clause? But if Kobold were the ONLY party interested (and they flat out refused to acquiesce to such demands) then the BoD would have had to accept it - they could never afford to develop Disko unaided. Readers take your choice - incompetent BoD or Kobold (knowing it was the only serious player) had ALL the winning cards and dictated terms; and it seems to me that it still does.