Member Info for RachT2

Just revisiting all the posts stating how great it was that Jay / 80M was going into helium and what a fantastic investment it was - good for a laugh. Hopefully board members will recollect my comments at the time about it all being bandwagon BS by Jay / 80M and the usual rampers, and the hoard of new rampers that suddenly appeared (now mainly disappeared) on this board. 80M's chances of EVER commercially exploiting helium (and hydrogen) in Greenland are pretty much next to zero - certainly no chance for the next couple of decades at the very least. These gases have the smallest molecules in the known UNIVERSE and are notoriously difficult to refine, store and transport. What's prompted this post from me today? News that HEX is down 36% today spurred me into a glance at other helium bandwagon hopefuls - and what did I find? All of them dropping like a stone - including MSMN - one that a certain poster held aloft as a great example of how well punters could do on helium / hydrogen exploration companies - that's lost over 50% since the recent peak that poster referred to as an being an example of how well helium / hydrogen plays can do.

The helium bubble (from a mining perspective) is unlikely to ever reward investors - or not at least until such times as less expensive, more reliable, geographically closer options cease to fulfill demand.

Unfortunately 80M's riches will come from Disko (as Ashton keeps telling us), not helium / hydrogen. But I fear those riches will not be quite as good as some hope for. Good results from drills at Disko (in fact any news of drilling at Disko) should see a good return but fund raises and further dilution will impact the actual return / profit. Good luck to 80M investors.

That should read - s p a r s e. No idea why LSE have asterisked it.

oh dear ashton, it looks like you are clutching at straws in your never ending quest to ramp 80m. virtually every longterm member of stockopedia knows that it is not the place to go to for reliable or accurate details for bluesky companies - it is a brilliant site for small caps but no good for bluesky loss making companies, it never has followed that type of share. perhaps you already know this and have again been selective in what details you have chosen to post? the absurd figures you have copied for 'analysts forecasts' do not originate from stockopedia itself. they are supplied by lseg (formerly refinitiv) and both they and stockopedia advise caution when interpreting their 'estimated data'. their 'data' on 80m is inaccurate, dated and extremely sp****. but hey, let's not let that get in the way of your chance to ramp 80m again ;-)

Ashton - whatever you say my friend. After all, I am only too aware that you will always convince yourself you are correct whatever I may say. Irrespective of your resources or whatever your new average purchase price is the fact remains that you have averaged DOWN on your holding. Obviously only you know the amounts involved (I really don't care what the exact figures are and gave, as stated, an example only) but by your own admission you had a substantial holding purchased at an average of 9p. The point I was making is that your substantial holding lost over 96% of it's value during the many MONTHS / YEARS you were continually ramping Jay / 80M on this board - I only hope your perpetual ramps didn't persuade too many people to follow your loosing example / streak. Despite all of the BoD's previous disappointments, self rewarding, extremely over optimistic assurances and questionable information they have supplied to you personally you remain 100% convinced that 80M will come good. So much so that you have ploughed even more funds into it. It is immaterial to me whether or not you invest still further - your track record speaks for itself - your investment (in Jay / 80M) has performed poorly so far. You may disagree but as the most prolific poster here I think your investment prowess (in Jay / 80M) should be brought to the attention of readers on this board; some might otherwise be persuaded to follow your buy advise wrongly assuming that your apparent extensive knowledge (of Jay / 80M) has resulted in you investing profitably in them so far, rather than the actual position of you having averaged down as your investment has LOST value. 80M's price chart illustrates that perfectly. No need for you to feel aggrieved - I'm sure you would like matters to be posted airing both sides of the story. As I've said, good luck with your investment in 80M, I hope they can continue to be profitable for me.

Ashton - thanks for your reply. I don't like to consider the matter as being one of a 'last laugh' scenario but if we do then I'd like to suggest that I'm surely likely to have the last laugh, whether or not 80M does as well as you hope for or crashes and burns as worthless. I'm already up on my dealings with Jay / 80M and stand every chance of making more should the SP respond favourably in the future. Unlike yourself I don't need the SP to multibag merely to break even. Let's take an exaggerated example of your recent purchases bringing your average purchase price down to half of what you told us it was previously - so 4.5p. You would require 80M to multibag of 15X to merely BREAKEVEN - I however would enjoy up to 15X return / profit on any investment I may have in 80M at the time - in addition to the profit I have already made. Should 80M disappoint then at worst I loose all / some of the profit I've already made should I be holding 80M when it crashes - by contrast you loose ALL of your recently substantially increased holding on top of the loss in value already suffered.

Your tactic of being a long term holder and promoter of Jay / 80M is a seriously flawed method of investing - as I've commented before, investor bias is bad for one's wealth. And you've spent so very much time and effort on posting and having your little 'chats' with the BoD - all to little or no avail. Far far easier ways to make money on 80M. Still, whatever makes you happy and good luck to you and all with 80M, I'm looking forward to making a few more quid if I can.

Ashton / CC

Thanks for your reply Ashton - although I have previously covered the topic of contacting BoDs. You and CC obviously don't recollect me informing you that I never have felt the need to contact BoDs before, let alone such a BoD as 80M which has a history simply littered with unachievable / unachieved / over-optimistic targets and projections. Anything a BoD may reply to a query from an individual is 'off the record' and they can say what ever they want without being accountable. Indeed, you yourself (after having spoken directly to the BoD) relayed that acquisitions would be incoming yet within 9 weeks Jay had an outgoing acquisition when it bought WFE - bought from the very SAME BoD member(s) that had just told you acquisitions would be incoming. Obviously some BoDs will be reliable, trustworthy and honest - but alas 80M's don't have such a good record.

I still don't understand your thinking that those recent comments are noteworthy - sorry to disagree but it looks like you are just ramping more inconsequential rubbish -

'The company is currently evaluating certain opportunities concerning Jameson Land.' That's what it's supposed to be doing is it not? That's what the very people should of being doing for years is it not? WFE has had the licences for years. What IS noteworthy is why the VERY same BoD have still NOT been successful in 'evaluating certain opportunites' despite having had years in which to do so. This isn't a new task to them is it?

'The company has given an undertaking it would advise the market, as and if such opportunities arise.' Of course it will - it has a legal obligation to inform the market of anything likely to be share price sensitive. Hardly noteworthy. These poor attempts at ramping are far from being noteworthy, they inform absolutely nothing.

You've told us you've increased your holding 2 days ago and then felt the need to tell us all again yesterday. Have you bought more yesterday? Or just taking another opportunity to ramp / persuade others that 80M is a good investment merely because you've bought more? Why tell us twice in as many days? That's looks like ramping to me. Good luck with your now 'significantly' increased holding - presumably your average is now a fair bit lower than it was. Previously 80M would have to multibag over 30X for you to just breakeven - I wonder what multibag level you now need to achieve merely to break even.

Ooops - continued

'CURRENTLY EVALUATING DOWNSTREAM OPPORTUNITIES IN THE SECTOR' - now we are talking about Jameson are we not? We are talking about all the fossil fuels they allege are present are we not? In this sector is not downstream used to refer to the refining, storage and distribution of the finished project? Why would 80M be evaluating DOWNSTREAM opportunities when there isn't yet the merest hint of ANY upstream opportunities? They haven't even definitively found anything yet - neither have they partnered with ANYONE to provide upstream services yet. Why are you excited about DOWNSTREAM opportunities at this early stage - looks like either being very premature or more BS from 80M. Or am I missing something here and downstream for 80M means something different from this sector's usual understanding of the terminology used?

Ashton -please explain your fascination with 80M's quote of

'

Base Jumper - glad to see your're posts are up to your usual standard LOL. You seem a little irritated to read a piece of truth regarding the abysmal investment that 80M is - I suppose I can understand why you might be a little miffed - what with you backing the crap UFO as well - you must be feeling rather disappointed. I see UFO is down another 11% today - oh dear. Good luck to you with your choice of shares. PMSL.

Yet another example of how good Jay / 80M are at polishing a turd. There is absolutely nothing new in the RNS other than there will be yet another unnecessary huge dilution for 80M shareholders to suck up. 80M is buying the rest of WFE at the grossly inflated price the 80M BoD decided to pay THEMSELVES, woopee do, happy days! 80M still have no money to progress anything yet the RNS regurgitates all the previously mentioned BS in an attempt to big up what is basically another bout of shafting 80M shareholders for the benefit of the BoD. Wake up people!

So the country with the highest national debt in the world (by a long way) is going to buy a country that isn't even up for sale? Sounds more like the ramblings of just another arrogant yank to me.

Thanks for reply Ben.

'Kobold overspent' - how do you come to that conclusion? There's a shed load of drilling / work to be done and they've not spent the $11.6m they had agreed to do. They have merely spent a fraction of what was proposed and only established / confirmed targets, most of which were already proposed as being targets before Kobold even became involved. Surely you mean they under spent :-)

'Kobold have got off cheaply in the deal.....' - you reckon? Who else came rushing forward to partners Jay? Oh yes, only AA did (allegedly) but yet Kobold was the preferred partner. Cheaply? Jay, like now, were at the mercy of ANYONE offering some cash and a way to keep their gravy train going. Kobold got in at terms that were feasible at the time - that definetly wasn't on the cheap. Kobold are in an even better position - if you think the initial deal was 'cheap' you just wait to see how much they can screw 80M for this time around. Without Kobold's input 80M is lost.

Drilling in 2024? As confirmed by Ashton, commitment has to be in place by end of December - if RM is sitting on news of this or an agreement with Kobold then he is not permitted to trade - yet he has recently traded as we all know. Things are not adding up.

Continued

Is rewritten, which won't be in 80M's favour that's for sure. Kobold hold all the cards.

Ben - "If we are drilling next year, I hope they are not announcing a placing at the same time!".

I don't see how else they can possibly match Kobold's financial input without a fund raise - unless the JV is re

"The RNS made it clear that if 80M wants to drill Disko, the drilling equipment has to be secured by no later than December preceding the drilling season." Crikey, that's not that far off - so unless we hear news of drilling equipment being secured within the next 7 weeks then drilling in 2025 looks unlikely.

Rednight - some contradictions in your post. You imply that one of the reasons for Dundas' failure was a lack of locals to staff it - surely that is exactly the same for any mining venture in Greenland? Why would helium & hydrogen production miraculously be able to source bodies on the ground when they apparently weren't there for Dundas?

You state - 'Which is why the pursuit of hydrogen/helium seems rational to generate funds until Dundas and/or Disko become a practical proposition.' Really? You think they will be producing helium / hydrogen before they can produce anything from Dundas or Disko? NO WAY! DREAM ON! These are the 2 smallest molecules in the known universe and gathering / storing / transporting them is FAR FAR harder than dealing with the simple ore bulk that Dundas or Disko may one day produce. Also, as I've pointed out several times already there are many closer to market / less costly / not affected by harsh environment alternatives able to produce both helium and hydrogen well before Greenland needs to be exploited (if ever) for these 2 commodities.

Further to my last post. Ashton informs us that the crucial meeting between 80M and Kobold HAS taken place. I'm sure we can all agree that 80M's future prospects hang in the balance on the outcome of that meeting and the future path 80M and Kobold may or may not have. ANY outcome of the meeting is of material importance to the market. Somethings may well have been agreed at that meeting or did discussions break down completely? Either way it appears to me that RM is sitting on material information that precludes him from dealing in 80m's shares; yet here we are today with a buy being announced. The plot thickens.

So there can't be any material news imminent about Disko (or anything else for that matter) - or he would surely risk being accused of insider dealing?

Spot on Tony - as you say RM has made a fortune from Finnaust / Jay / 80M (whatever you want to call it) all the while the shareholder value has been absolutely decimated. The only problem with watching out for RM's sells is that he has a history of not informing the market of his sells - indeed one taking well over a year to be announced (and that was only after he was badgered into doing by a disgruntled group of US shareholders). Regulations state such info should be announced within 3 days.

Napthman - so according to you I've gone from looking like a sausage to now being a former director. Hmmmm, thank you for your (as always) insightful and constructive comments - NOT.

Instead of merely posting child like insults and unfounded accusations how about you actually post counter arguments to my posts? I'm sure we'd all like to read of your thoughts on the decimation of shareholder value in MET1 and your view on it's likely long term prospects. Or how about you post your projections for 80M? Or how the BoD are again being greedy and issuing themselves yet MORE options. Alas, in the last month your posts on 80M amount to 3 in total

'RachT2 are you the old director they booted out?'

'Good news again' - referring to another useless RNS

'Rach you look like a sausage'

Pretty much sums up your intellectual input, zero.

Oh, and let's not forget your absolute gems of 'follow the bread crumbs'. LOL.

As to your accusation of being a former director - I've already posted regarding that matter, if you actually want to know (instead of merely posting more of your rubbish) then do some reading.

Good luck with your investments.