Member Info for RachT2

Morning Ashton - touche, I certainly did not research Amaroq thoroughly :-) However, I would very much take issue when you say '...to make a negative case on every aspect of JAY you rush and come to wrong conclusions based even on false assumptions' - that is simply not correct. When have I come to the wrong conclusion on Jay? And what false assumptions have I made? Other than my recent post referring to Amaroq my posts relate FACTS. I am not the one who has been positive on Jay for the last 4+ years and tirelessly posted bullish sentiment. And here we are at rock bottom despite all the promises. I didn't come to the wrong conclusion(s) that Jay was a good investment and consequently loss a large proportion of the value of my holding in it. Talk about the pot calling the kettle black.

Morning CC

1. Precisely - pretty much everyone knows what a farce it turned out to be, including all of the Gov.t depts, state banks and institutional investors. The only people that maybe don't are gullible PIs that haven't done thorough research - maybe that's Jay's target audience?

2. Precisely - are you implying that RM can do it? Why on earth would you think that is even remotely possible? What experience / successes does he possess in mine construction?

3. Remember Centurion Resources & FinnAust? They were prior names of Jay. So now a 4th name change - hmmm?

4. No one but myself knows if I currently hold Jay or not. Read my previous posts - I like the source and exchange of info, I'm going nowhere - sorry if that disappoints you.

Good luck with your investments.

Ashton - source of funds. I don't exclude the possibility of funds coming from sources other than an equity raise but I do consider it most unlikely. I put myself in the shoes of investors that have had prior experience of Jay. If my memory serves me well the Danish Gov.t invested and have lost a fortune on their investment. A name change ploy / tactic ain't likely to fool institutional investors. Over 6 years ago this type of release from RM persuaded investors to back Jay – lots of people have been left with a pittance of their initial investment, Gov.t departments included

"The funds raised will primarily support Bluejay in its rapid advancement of the Dundas Ilmenite Project in Greenland, as it continues to fast track the project into production", Bluejay explained in a statement.

Bluejay Chief Executive Officer Roderick McIllree said: "Raising these funds is a significant achievement as we now have a clear path to advance Dundas towards production. As the project has already been proven to be the highest-grade ilmenite asset in the world, with a simple processing route and highly strategic location that could see the project be in the lowest quartile production costs, we have great confidence in its commercial potential. These funds will support us in our objectives of commencing production, resource expansion, feasibility studies, licencing applications and mine construction, many of which are due for completion in the coming months."

and this in May 2018

"Our focus is to commence mining at Dundas in 2019 and establish Bluejay as a highly profitable production company," the company said.

Now I don't know about you but if I had the choice between say AA, Amaroq (thanks for heads up on Amaroq) and Jay in which to invest sovereign funds or to issue state loans I know which ones I would be picking; clue – it wouldn't be the one being run by someone with the track record of RM. And I think the same cautious approach will be exercised by any reputable partners - once bitten, twice shy.

I stand corrected - apologies. AMRQ is more than just a gold player.

Morning Ashton – thanks for your reply. I thought my post was unambiguous, unfortunately you have managed to misinterpreted its sentiment somewhat. I have not stated that a company should not progress it's projects solely because it is lagging behind in the race. I said that if a company like Jay was behind in the race it has an awful lot of time and expenses to meet in order to play catch up. Which is why I've always maintained that Jay will require multiple (almost certainly dilutive) fund raises. Do you disagree?

I am well aware that Greenland is in Europe but, as I said, there are far closer (to the customer) projects – Spain, France & Albania for a start. The logistics of getting labour, equipment, supplies etc etc to these locations will be far far easier than doing likewise in Greenland – and far LESS EXPENSIVE. Likewise, these nearer to market projects can be run all year round – something that may prove impossible in Greenland.

Your comparison to Amaroq is somewhat tenuous – you're comparing apples to pears. Amaroq is a gold play, simple. It doesn't profess to be anything else. It doesn't have the variety of different skill sets, costs and regulatory challenges that Jay has burdened itself with. Jay is after titanium (sand and now rock), nickel, cobalt, copper, helium, hydrogen, O&G etc etc. Much simpler and much more cost effective for Amaroq to move its efficient and highly experienced gold team and their equipment from one location to the other and therefore be able to quickly and efficiently exploit their resources with a minimum of cost. In comparison Jay is juggling too many balls and now needs numerous very expensive teams operating a wide variety of differing equipment to tackle all of it's projects. That will be both costly and time consuming – which brings me back to the need for Jay to raise vast sums of capital. There's no fair comparison between Amaroq and Jay.

CC - minor ambiguity but I'll make it clearer for you. I am most certainly not saying I wouldn't invest in white hydrogen projects. I am saying that I don't believe Jay have any chances of monetising this commodity (if there is indeed any on their patch) and that I wouldn't be investing in Jay based on any white hydrogen claims that they make, Clearer now I hope?

To merely catch up to the progress of other explorers would cost Jay a fortune and without doing even the most basic of exploration to prove up their resource claims their asset is worth zilch. To go forward they have backed themselves into a corner - they have to prove up their O&G claims or for their to be considered another inaccurate claim. To prove up matters (and to keep the gravy train going) will require the numerous fund raises I've already stated will soon happen. First one at around 0.30p - as I've said before. Any takers?

Morning Ashton. I for one have considered the various elements of Jameson and to me white hydrogen isn't going to be a reason I'd rush in to invest. Let me explain. The article posted blow illustrates my point very well - there are multiple white hydrogen prospects far closer to home in both mainland Europe and the US, projects that are already quite advanced, far more so than White Flame's rather insignificant showing. We return to the fact that to get anywhere near the level of existing projects Jay WILL require hugely dilutive fund raises. It can't sell it for much / anything unless it proves it up first - chicken or egg? I also find it somewhat strange that Jay has announced the likely presence of O&G merely from THEIR interpretation of HISTORICAL data - so we are expected to believe that the Jay team know better than all 100's of experts that have gone before them? I think not!

Germany was showing a clear lead and commitment to hydrogen and was planning huge inter country pipelines and 9,700km of it's own hydrogen pipeline for 2032 - that has just been delayed until 2037 and that will only now happen with private equity backing - investors have been offered a return of 6.7%, not fantastically attractive for an investment of over €20bn. So unfortunately I don't see hydrogen demand jumping anytime soon - of no benefit saying it's in the ground if nobody wants it, even if you have raised funds to do it.

Personally I think any delay in the use of white hydrogen as a main energy source is upsetting- it has the greatest potential to cut carbon emissions / poluution of any energy source I know.

https://knowledge.energyinst.org/new-energy-world/article?id=138647

CC - you ask 'Not sure why we went for a Battery Metal player in the first place.' I know my views on a certain Australian gentleman are well known but I can't believe I am alone in my opinion that in attempting to raise funds he jumps on any bandwagon he can that is flavour of the month on the stock exchange? Gold then Titanium then battery metals then medical cannabis and now helium. Leaves each one floundering / failing and moves on to the next fashionble target. Strange that don't you think? Maybe it's just coincidence?

Many thanks for your thoughts Ashton - interesting stuff. I suppose I've become somewhat disillusioned with Kurt and Kobold in general. They have let down Jay shareholders big time, on at least 3 counts now - as you say, let's hope for something positive (and a concrete commitment this time) from Kobold.

I see that they now have some 60 projects and looks to me like they are spreading themselves too thinly - the only success story so far would appear to be Zambia. As they have now been up and running for some 3 years (or more?) I am disappointed with the pace of progress for Kobold projects in general - that may just be me being impatient.

Regards

Ashton, I am sorry that I've upset you by referring to you as being disengenious – I should of chosen my words more carefully. In hindsight I think 'selective' would have been more appropriate and less likely (I hope) to cause you offence. You are (quite naturally) bias towards Jay and that is reflected in your posts. In the recent exchange you knew full well that RM had previously sold all of his shares (and bought back in at rock bottom) in a rather questionable (to put it mildly) fashion, yet you chose to ignore those facts and only use the positive spin that he now held lots of shares. I've repeatedly posted examples of the extremely poor shareholder returns achieved in other companies under his tenure and indeed asked your opinion of these facts – you completely ignore the facts and those questions and plough on promoting Jay regardless, presumably convinced that this time it will be different and that RM will pull a rabbit out of the hat. I have far less faith than you do. I really do hope your enthusiasm is eventually rewarded. I also hope you reply to my recent post and I look forward to your opinion on the matters I raised regarding Kobold / Disko.

As to the the matter of me referring to some other posts / posters as being hilarious or amusing or laughable I'm afraid we'll have to agree to disagree. The quality of some of the posts on here has definetly deteriorated recently and some of those recent posts are just hysterical. A lot of such posts are virtually identical to posts the same posters have posted on other companies chat boards, that is their tactic – a short term ramp, rinse and repeat. Now that the price has dropped back from their I've just topped up at 60.8, this is a bargain at these prices type of post there is a definite lull in the volume of posts – says it all. Unless they aren't posting because as they've filtered everyone they think there's no one else here :-)

All the best

PS – my laugh for today is 'someone I expect to be from Jay's inner circle......' hahaha

I made the point that Kobold has done us all a kipper sometime ago and said that RE's hardball stance with them was the way to go - others thought they knew better and were glad to have RM back at the helm, the same guy that got Jay into the appaling deal up with Kobold in the first place! To repeat, early in '22 Kobold work was announced but within weeks that had been cancelled, I believe Ashton told us that it was cancelled by Kobold. Then the '24 work has been cancelled / delayed and Jay has lost the free carry of $11.6m of drilling / work. Kobold just aren't keen on pressing ahead at Disko - we can only speculate as to their reasons. I think Jay is better off without Kobold altogether, it is unproven technology and without the leash attaching it to Kobold Jay has a better chance of selling / partnering with a 'proper' outfit. It's a shame the original deal didn't give Jay the option to dump Kobold if they didn't commit to their side of the bargain - or did it? Ashton?

And the laughs keep arriving earlier and earlier, this time by 6.36, yet another wild, Ill founded and incorrect price forcast from hot tipster Bez, great track record so far, Mystic Meg reincarnated :-)

Today's wild guess - 'SP does not want to drop below the 0.4 seems that’s the bottom' - really? Here are tipsters previous guidance notes on sp direction -

12/7 - '0.43.5 to buy now looking strong for a big Friday afternoon' - closed 0.43

Also 12/7 - ' I think we will push close to 0.5 today' - closed 0.43

11/7 - 'Lets get a blue day as we are on the move now towards 0.5' - closed 0.437

10/7 -'I would like a nice shiny blue day and a pick back towards 0.5' - close 0.425

9/7 -'At under .46 had to have a little top up'- down 10%

5/7 -'Hoping this is the bottom now as staying steady onwards and upwards to 0.6 later' - price now 0.41

2/7 -'Hopefully hit the magic 1p' - close 0.508

Well, you get the picture

Hilarious - a few 'little 50k sells' is influencing the price, what absolute crap. That's a total of around £1k, wow, that's really going to influence the market - not. If the rampers think a few 'little 50k sells' are enough to hold / push the price down then why don't they have a few little 50k buys to push it up - answers on a postcard. Hint - because such small sells or buys make no difference to the sp.

And todays laugh comes courtesy of someone else that thinks it smart to only listen to what the company is telling you and whatever the rampers are posting. Not for them a balanced view from all sources - only listen to what ever they want to hear. Some folks really are are just plain daft

'Took your advice and now have 28 on filter.'

sharebel - typical of a lot of recent posters on this board, happy to feed and be fed regular bs as long as its positive - everyone else shouldn't be posting, even if their posts are factually correct. err, fyi it's a chat board and not just a board for people who want to constantly like rm's ****. if you'd bother to read (or remember) any of my previous posts you'll see i've been in and out of jay several times and my trades are in profit. i have accumulated a lot of info about jay over the years - hence my ongoing interest. my current position is known only to myself - but if i was looking for an entry point it is unlikely to be until after the imminent fund raise which, as i've said, i reckon will be around 0.30. good luck if you are currently in jay - do hope you didn't buy in at over 0.60.

Good spot Zinky - so the raising of a relatively small amount of £895k has meant Jay's percentage has dropped by c. 35%. Ouch. Like I say, this is, and will be, a pretty worthless holding for Jay - it'll become a constant drain on any funds if the Jay BoD want to keep any meaningful holding.

Hmmm, 'of big benefit to us'? That's polishing it. Let's put things in perspective. When MET1 was floated Jay repeatedly made big news (to the delight of some suckers) that it's share in MET1 was worth £3.25m. How has that worked out? Oh dear, another triumph for the Jay BoD as their share in MET1 have fallen by c. 82% to a paltry £593k. MET1 have already done a hugely dilutive fund raise because a financing partner pulled out of the deal it had with MET1. They are a well experienced investment company and obviously didn't like something they saw.

MET1 at best has a very small chance of progressing it's supposed asset without further massive dilution from fund raises. This is and will be worth bugger all to Jay unless it can keep up with the dilution - but of course, Jay has sod all money and what money it will get in from it's own imminent fund raises it will be spending on progressing the myriad of other project's it is bigging up.

And today's joviality has come quite early

'The 43 level has held well'

'I’d say we could see a bit of a rally today'

and the funniest of all

'The company happy to accept shares in JAY instead of cash is a vote of confidence in our company'

PMSL - of course they were happy to accept shares, they were desperate. Hardly a vote of confidence, more an act of desperation between related parties knowing the writing is on the wall -

1. They were flat broke with probably less than £200k in the bank

2. No one was going to lend them any money

3. The BoD of WF is the same as that of Jay - they cooked up whatever terms were beneficial to themselves in an effort to keep both failures on life support for as long as they can

Ashton - sorry but disagree but you do appear to be extremely bias where Jay is concerned. For example, I can not recall you ever posting about how very poorly RM has performed in his roles (past and present) in Jay and other companies (APOL amongst others previously listed on here) and how, like Jay, shareholder value has been decimated under his stewardship. You appear to simply ignore these facts and continue to promote Jay in your usual extremely bullish manner - as an example ES recently told you planned acquisitions where incoming, yet within weeks the acquisition was outgoing.

You have been invested in Jay for at least 4 years and still hold despite the value of your 'large' holding falling by >95%, you have ignored / forgiven all of the many over exaggerated promises from Jay, you ignore the BoDs terrible performances at other companies (going back over a decade), you attend shareholders meetings and correspond with BoD members. Of course you are bias, it's amazing that you now attempt to portray yourself as not being biased.

EnuffRMbs - much as I reluctantly admire Ashton for the years and years of research and postings he has do on this and the Michael Walter's site he has always put a positive spin on everything regarding Jay and it's atrocious BoD, past and present - oh, of course they were the same people ;-)

As posted earlier on this board Ashton has lost over 95% of the value of the large (Ashton's description) holding he has in Jay - I see his current misrepresentation of the facts as desperation to inflate the price so that he might recover his losses. To be fair, I'm not aware of him being quite so disengenious previously - let's hope he returns to being more accurate and all encompassing in the rhetoric he bestows on Jay.