Member Info for RachT2

How comical - “The sub 0.30p share price level has been too tempting to miss the opportunity”, says the person who was happy to commence buying a “LARGE six figure” holding at an average initial price some 35X today's “tempting” price. Today's price tempting? Farcical. Ashton, you have obviously found the price to be “tempting” on each of the many occasions on which you have averaged down, have you not? Needless to say you have been proven wrong on every purchase so far, with your initial self congratulatory purchase down over 98%. So now you state - “I have been buying and am likely to continue to buy if the price stays low.” That's a truly unbelievable level of investor bias you have there. No doubt you'll get more chances to average down still further in the months ahead - the 3 dreams you pray for this year aren't going to happen before another fund raise or 3. I reckon at around 0.22p and share count rising to 5bn. What's your guess? But, as usual, you'll ignore the many red flags and no doubt be spending many more £1000’s to continue averaging down your price. Do keep us informed - it is amusing.

CC - glad you liked the article. For what its worth - I don't think you are a muppet, your question to Ashton is pertinent.

Looking at both the article posted by Ashton and that which I posted I suggest that some figures / facts are rather contradictory / erroneous. Perhaps ARCO were over optimistic or maybe USGS pessimistic? It's a shame that Jameson was not quantifiably assessed in the study posted by Ashton but we are again told that "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. Take your pick.

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

CC - yes it does. I don't see It being a good thing for 80M - surely the Greenlanders would then be keen to issue more such O&G licences and 80M's claim of being the only company with an extraction licence could disappear overnight. The article mentions on 'land and water' - well as far as I know 80M doesn't have any off shore licences. We should be careful what you wish for, the US involvement might yet back fire on 80M.

Hydrogen Valley - why was it set up / listed? Was it set up solely as a vehicle to 'transfer' Greenswitch? Does it actually own Greenswitch? We are told that there are ongoing court cases in which ownership of Greenswitch and its projects are being disputed. There's also a €12m+ mortgage apparently still outstanding; a mortgage that should have been paid by HV before it 'acquired' Greenswitch. That's pretty hefty lifting for a company only listed in June 2024 and showing only £100 capital. HV shares are divided between Robert Price, Stephen Mark Frascogna and Girolamo Mazziota. These same 3 are involved with multiple 'companies' one of which is LNEnergy. It's dealings with an O&G co. called Reabold makes for some interesting reading.

Let's hope that CC gets some substantive responses from the 80M BoD - good luck with that.

Hatred / pathological interest??? Strange way to describe what is basically nothing more than diligent research; but each to their own.

Just as well one of us is looking under the hood before we buy the nice shiny car ain't it. Might avoid finding something nasty and too late to do anything about it - still you can always average down and buy another car from the same dealer LOL

Would you call a 24% holding a 'material interest' - I know I would. So how's the payment of the €12m mortgage going? How's the court cases going? Do we know who actually owns it? No we don't. I am unaware of any news regarding any of these rather crucial matters. Will the plant reopen in Q1? This from 80M's RNS of 18/12/24.

"The Project is also subject to mortgages in excess of €12m which should have been discharged prior to Hydrogen Valley acquiring Greenswitch but due to administrative error they have not been actioned. The Directors intend that this matter will be resolved before 80M acquires a material interest in the Project. Greenswitch is the subject of various disputes before the Italian courts including the ownership of the Project."

"80M will not take a material position in Hydrogen Valley until these matters are resolved."

Sorry to rain on the parade but this really isn't good news. "The company remains confident of plant restart in the coming weeks once feedstock materials are received." You couldn't make it up; even at this late stage they obviously haven't a clue just when the plant will restart - they haven't a clue on when or how much feedstock is likely to arrive. Pathetic. Any half decent company would have such basic details nailed down well into the future. It's not like they didn't know they were planning to restart in Q1.

And what of the remaining 25% of the 49% of HV they stated they would be acquiring? They've only acquired 24%. Fund raise incoming.

CC. No, no and no.

No, I do not have a fixed target, for entry or exit.

No, I don't announce when I trade; volumes or timing. I never have and very much doubt that I ever will. But apparently you know when I trade anyway - and post within an hour of me trading.

No, I make a comfortable living from my own portfolio but I am not a tipster.

Cheshire. Thank you for your reply. Realistic on reality? We obviously have a different take on reality. You seem to be aware of the red flags and the many past failures but somehow believe that this time it will be different. We all know of the limited chances of success and the risks when investing / gambling in junior explorers / miners but not many such companies also have the baggage of the dire history / past performance associated with 80M and its current BoD.

FYI I am not paid to post (and doubt if such antics actually occur) and post what I see. To repeat for the umpeenth time - I do, and have, made money on trading Jay / 80M and hope to continue to do so. This means I watch it (with many other shares) regularly. However, at the moment I see this as such an absolutely dreadful long term investment that I am moved to post. In summary; it's burning cash, it's a cash strapped company being run by a BoD with a history of decimating shareholder value, of issuing over optimistic projections / assurances and who regularly exhibit a level of greed beyond which I find acceptable. The company has no immediately obvious route to success / riches and will almost certainly be issuing yet another fund raise in the foreseeable future. More dilution made worse again by the excessive options that the BoD will almost certainly issue to themselves again. That's my take on reality at the moment. Do you disagree with ANY of the observations I've just made? Time alone will reveal which of us is correct.

I have no vendetta - I post as I find. I have posted how I see the near term developing - you haven't as yet explained just how you see 80M pushing the SP appreciably higher.

Contrary to your opinion of me I have no delight in anyone losing money on this company - but such losses (often huge and over several years) serve well to illustrate that a ramping poster has clearly been wrong in their perpetual bias towards the company and their ramping efforts are to be viewed in that context - so I post accordingly.

PS. We're more likely to bump into each other at an NFU meet than we are at an 80M meeting. They are a waste of time - just how well have previous attendees done on their long term investment in Jay / 80M? I rest my case :-)

Cheshire. As you're still here you are obviously feeling a loss on your Jay / 80M investment. Still, you can't say I haven't pointed out some of the many red flags, but you know best. Deramper / long nails? Is that really all you have to say? No counter argument to my recent predictions? Or congratulations on accurately predicting the last 2 fund raises? Go on, rather than just posting sniddy little jibes why don't you grow some ba**s and tell us just how you think 80M will push the SP higher from here.

So who do you propose would be paying me? Now that you've put forward that suggestion do please tell - I can't wait to hear your theory. Perhaps you disagree with me regarding my comments about Amy? If you've read any of their 20,000+ posts and consider their blatant ramptastic posts to be accurate / reliable predictors then you're deluded. Do you really fall / believe in the regular flood of posts featuring such nuggets as 'Expecting a big blue day tomorrow', 'Those who sold the lows going to look pretty silly in the days ahead', 'And then fireworks next week', 'I sense a big breakout higher', 'Overdue a 100%+ spike. Could be coming soon'? Needless to say these have all been utter BS and the respective SPs have invariably continued to fall. Let's face it, experienced / knowledgeable investors will not fall for such BS. Such ramps are aimed at inexperienced gullible investors in an attempt to persuade them to buy, which then may in turn inflate the SP - allowing Amy to flip their shares.

Same old BS from Amy. Bottom feeding ramper extraordinaire. If you want to see what utter cr*p Amy posts take at a look at her posts on the soon to be delisted WBI, in fact take a look at ANY board she posts on - it's the same BS everywhere she posts. Obviously buys and then ramps away daily hoping for a quick flip before moving onto her next target. On WBI she's been predicting huge price increases, needless to say the SP has crashed. She's posted here before - making fantastical claims that didn't materialise. No surprise there then. Her and Techguru (they seem to be joined at the hip) are so full of BS - take their presence as being a red flag.

BA - thanks for your post - You've highlighted a few good observations.

I've posted several times previously regarding my opinion of 80M's chance of monetising hydrogen from Greenland (white or green :-) ) - suffice to say I believe it to be close to zero. A move away from mining altogether? Well, can anyone show me a junior mining company that the current BoD has been involved in that has been good for shareholder value while they have been at the helm? So there could be some truth in your speculation - perhaps even they are getting tired of failure and want to try their hand at something else ;-)

But, of course, although shareholder value has invariably crashed the BoD have ensured they have done quite well out of the relative failures.

Are you suspecting some forward selling TA? 😉

Continued ....

5. It is looking increasingly likely to all that Kobold will NOT be involved in a drill this year, if 80M do announce a drill on their own that will adversely affect the SP. As would any news that Kobold is walking away. First RIO and then Kobold - folks will wonder what's wrong with 80M and its assets?

6. Of course Kobold may still re-negotiate an interest - but they are holding all the cards (and everyone knows it) so any new deal isn't likely to be particularly favourable for 80M shareholders.

Of course, things may turn out far from my expectations - time will tell. I'd welcome anyone to counter my argument or indeed to speculate if they see any likely scenarios that may be any more favourable. Good luck if you hold 80M.

So where next for the SP? I was pretty accurate (both price and timing) for the last 2 fund raises - will I be lucky enough to score a hat-trick? I'll put my best guess and stress that it is only a guess, although an educated one at that :-). I think there will be a fund raise by May / June at around 20 - 22p. I also think 80M will also use the opportunity to conduct a consolidation - even for the 80M BoD having 3.9bn shares is surely an embarrassment. I expect such a consolidation to be at 10-1 level but even that will leave us with 390m shares - plus whatever additional dilution occurs by way of the fundraise and the usual excessive options that always accompany 80M's fund raises. Perhaps a 100-1 consolidation?

Why do I choose this price level? I can't see any / much increase in 80M's SP in the near term.

1.The market hasn't been enamoured by the news of HV / Greenswitch acquisition - and they've only acquired 24% (NOT the 49% they advised / set out to acquire). The remaining 25% will need to be funded. And then there is the pressing matter of finding another £6.05m WITHIN the next 2 years if they are to stand any chance of retaining Greenswitch.

2. All hope was pinned on news of a drilling campaign for Disko with Kobold's involvement. That news failed to materialise - despite assurances from a certain ramper :-) All that is (allegedly) offered now is the verbal assurance from RM that Disko will be drilled - but later in the season. Why late in the season? We have been told previously that drilling campaigns need to be confirmed / arranged by the end of the proceeding December - well that is long past. Assuming that advice was inaccurate (quell surprise) then there is a slim chance of drilling being performed during 2025 but we are also told that 'A company that wants to carry out field activities under a licence is required to submit its FAL application by May 1st'. So with a short drilling period leaving such application / notice so late in the year is really cutting it fine. Why do that? Why delay?

3. The initial drilling campaign was to cost $11.6m - add in inflation during the intervening 2 years or so and that figure could easily now be $12.6m+. Even if Kobold are still involved in the drill (that RM has stated will occur this year) that leaves 80M to find $6.25m.

4. Of course 80M cannot find anywhere near that amount of money so the drill will be massively scaled back. One can only guess at how much lower that will push the SP. Plans to drill several locations being drastically watered down - not a good look.

Continued .....

ashton - thanks for your prompt reply, despite stating on numerous occasions that you wouldn't be engaging with me - here you are again. :-) anyway in response.

pmsl - in an attempt to discredit me you show yourself to be more of a loser than i thought. your initial brag / ramp of having a large 6 figure holding at 9.1p must of cost you a lot of money. i am not interested in knowing your exact holdings (or anyone else's for that matter) but a conservative *** packed calculation illustrates your poor investment. a 6 figures sum could be anywhere between 100,000 and 999,999 - now pretty much most of us would not consider a figure in the lower quartile of that range to warrant the description of a 'large 6 figure holding', so unless you were just bsing (ramp alert) then large would infer at least 250,000+ of shares - cost c.£22,750 or more. the figures below would only change fractionally should your 'large' description be inaccurate and you actually purchased nearer to only 100k of shares. so initial holding down 98%, irrespective of actual volume purchased. you may have bought less than that but then your description of 'large' would obviously have been just another example of your usual bs. let's add in a 'chunk' at 1.875p - say a conservative £2,250 worth. that's down 85%. total so far c.£25000 for approx 370,000 shares at an average of 6.7567p - this figure would actually be higher if your so called 'large' 6 figure was less than my guesstimate. now to get your average below 1p you'd have to buy at least another 3m shares - even if you were lucky enough to get those at an average low of 0.3p, unlikely but not impossible. so total investment so far c.£34,000 and holding c.3.37m shares. the fact that you initially invested c.£25k (unless large doesn't actually mean large) for 370k shares and that combined holding was down 95% is crazy enough, but then you double down some more. all the while you were trying to tell everyone what a great investment jay / 80m is - astounding. so now your holding is at an average of around a penny - it won't of escaped your attention that the sp needs to rise approximately 3.5x from here just for you to breakeven. with more dilution on the way and no sign of disko being drilled etc is that really likely? good luck with that. ;-)

fyi i personally am not 'fascinated' by your average sp (and don't wish to know) but merely post such figures to alert readers to the fact that despite your extensive knowledge of jay / 80m you have not made any money on them and your ramping posts (over the years) should be considered in that context. in fact your are still down approx 75% even with an average of just under 1p. way to go ashton. i hope 80m find hydrogen of any colour, but then to the hard part - to monetise it. oooops - they don't have a great record of doing that do they?

CC - you say "but things can change quickly" and ".... but this has been on the news today, astonishing." - however the link you posted takes one to an old article that is now over 8 years old. Did you post the correct link?

I wish you well in your venture, you and 80m will need to find something soon - you to recover some of your losses (seepost below) and 80m to avoid yet another fund raise (with the usual gross pile of options for RM and the crew).

Oh, and just for clarity - I didn't put the uppercase stress on the word LARGE. Some losses there. You, nuts? You don't say. :-)

"I bought a chunk of shares at 1.819p last Friday (30th). I must be nuts, on the other hand, maybe not!

PS: Before my latest purchase I already had a LARGE 6-figure holding at an average price of 9.1p per share. I am a regular Bluejay poster on http://www.michaelwalters.com."

Thunderstone - what did Joshua know? Makes you wonder doesn't it? RM enthused regularly about Thunderstone (like he does about ALL of his supposed big plans) but looks like being another dud.

August 2020 - "Our new Thunderstone licences represent a true greenfield region of Greenland that has received almost no commercial exploration previously. Our 2020 Field Programme will follow up on historical indications of gold, PGE and base metal mineralisation, which are supported by our own newly acquired geochemical and remote sensing datasets. The diverse geology in these regional licences provide the scale and potential for a wide range of metals and deposit types.''

September 2020 - ''Based on our team's observations this summer and analogies with known gold mineralisation in South Greenland, I am confident that our sampling at Thunderstone will demonstrate a hitherto unrecognised and significant southern extension to the Nanortalik Gold Belt."

Hmmm, then what happened? Surely shareholders should be informed :-)