Member Info for RachT2

Very informative post - thanks Reserved.

With inflation and associated costs all rising considerably in the intervening 7 years I would guess the figures could be doubled now? Shame Kobold have decided against stumping up the initial $11.6m exploration costs and every time they have delayed has only adds more to the costs.

In 2017 the project was described as - 'The Maniitsoq project is an advanced exploration project' - so the intervening 7 years have not seen any large player snapping up Premium Nickel Resources and as far as I can see there is no mine or production as yet, or any imminent. Hardly suprising that Kobold have chosen to relinquish their majority shareholding in Jay, despite Disko apparently being stated as Jay's main target - the similarities between Premium Nickel and Jay are striking.

And today's snippet of hilarity is

'Blujay Mining is now a very different company than the LTH have previously known. New BOD strategy......' - a belly ache laugh that one. Poster seems to forget the the Bod have a past history of multiple 'new strategies' at multiple different companies - and they have all ended disasterously for shareholder value. The BoD are well experienced with announcing 'new strategies' and have sucked folks into their web for over a decade. But of course, this time it will be different - yeah, right of course it will be :-)

Seems pretty much like a lot of their previous strategies to me - issue yourself an absolute shed load of options and ramp away for all you are worth. Good luck all.

Hi Bez - thank you for your reply, as always full of great information. If you had taken the time to read some of my posts you'd have seen that I have been investing in Jay for years, the info and knowledge I have gained regarding Jay and its Bods

during those years is, I think, pretty extensive.

And today's best laugh was this cracker - my how I did laugh

'BOD pretty decent re not wanting dilution'

Lenoman - thanks for reply. You obviously haven't read any of my numerous previous posts about Jay; they are full of facts illustrating what an extremely poorly performing company it is (and always has been), what an absolutely dreadful performance history the present BoD have had in the numerous companies that they have been BoD members for previously, several examples of over extremely optimistic projections that they have then failed to achieve etc etc etc. But do have a read, there's no point i me repeating them again, the FACTS are falling on deaf ears.

Hey, if the sp goes up when the fund raise is announced you and all the rampers will no dopubt be the first to gloat - if I'm proven correct then I might do likewise. If you don't like it just filter me like theofficecat has done - oh no, that's right he said he'd filtered me previously but yet he replied to my last post - perhaps he un-filtered me? Or perhaps he is so full of it he just claims to filter anyone and everyone?

Good luck if you hold Jay.

Just tuning in for my regular bout of merriment - this board has descented into being a farce, most posts are laughable. The rampers are busy pedaling their usual short term dross and the inexperienced numpties are lapping it up. Those same rampers are filtering anyone with a view contrary to their own - hmmm, that's a great way to invest, blinker oneself to anything that you don't want to hear and march on confident that your own one sided opinion is the only correct one. Stupidity personified.

I'll post again when the sp gets trashed due to the upcoming fund raise - undoubtedly the first of many. It may be just to gloat with a 'I told you so'. No point in trying to convince the rampers (or most of the sheep on this board) they want to tell a different story before they move on and spout the same dross on another company's board. Good luck all - speak soon.

Malpenn - what's your point? Are you saying that Jay can get the work you yourself have just mentioned done for free? Are you saying that the worked planned with Kobold will be free? They had planned on Kobold doing $11.6m worth of drilling before Jay had to cough up anything for Disko - but Kobold are so keen on the prospects at Disko that they delayed drilling for another 12+ months. That's on top of already cancelling promised drilling in 2022. Do you get the idea that Kobold are really keen on the prospects at Disko? Their actions would infer that they aren't really bothered. Are you saying that paying salaries will be at zero cost? I could go on but you get the picture. Of course a lot of poorly researched rampers will tell you that I'm just a deramper and should go away to leave them to talk their complete rubbish in an attempt to raise the price. Folks should really do their own research and make it thorough - filtering well thorough and well researched posters that know an awful lot about JAY and it's board is a recipe for loss.

'The equity subscription of £1.2m announced in January has been judiciously applied.....' - so that's been spent then. Kobold have elected not to drill in 2024 and that decision will now mean Jay has to match Kobold's drilling expenses $ for $ going forward - gone is the $11.6m free ride that the original deal offered. If the planned drill was expected to cost around $11.6m then Jay will need $5.8m for the 2025 drill. That's on top of all of the other commitments they're now proposing. Yep, a fund raise is imminent as the bank balance is nearing empty - and I'm sticking to my guess of 0.30, that'll dilute holders. And before drilling in 2025 more fund raises will be required.

office***** - pmsl. my you are so funny! looks like you investment skills match your overall level of intelligence - poor. your 3 buys at 60.5 are doing well aren't they? looks like you'll be down 50% pretty soon.

Theofficecat - thanks and well done, you've just proved my point about total lack of research by pleasant rampers such as your self, if you'd done even the minimal amount of research you'll have seen that I (and several others) have been saying what a poor company this is (and what a dire BOD it has) for a few months now, what's more we've backed it up with numerous facts and figures. But don't let that get in the way of your ramping cloud cuckoo projections - I'm sure you mean well, it's just a shame it's such utter crap.

'Systemic review', 'historical government drilling', 'previous unrecognised....'. What a load of BS - so no one prior to the 'experts' at Jay recognised the presence of helium or hydrogen? None of the many previous experts that were actually on site and actually did the drilling? None of the lab experts that assessed the results on behalf of the many government departments that would of been involved. Strewth, we are so lucky to have Rod and ES on board - they are truly outstanding in their field, only they can quickly spot valuable resources that have gone overlooked for years and years by the many others experts that have reviewed the area. Belief that and you will believe anything - pump for fund raise underway for sure.

EnuffRMbs - LOL

Ben - spot on comment, only way to make money on this and other junior miners / explorers is to trade such shares, unfortunately I suspect many on this board will be nursing large losses (some well over 90%) that they may never show a profit on this share. Ashton's kind example of Kaminak illustrates that extremely well. When it announced it had hit the gold in 2011 the price spiked to just over CDN $4 but then steadily dropped to a low of CDN $ 0.50. The take out price by Goldcorp (see news release below) some 5 years after the spike was at the equivalent of only CDN $2.62. A LOSS of 34% for anyone buying at near the peak. Even the very few extremely lucky (there couldn't of been many) long term holders who may have been lucky enough to buy at the very trough of the GFC in 2009 (and held for 6 -7 years) would of returned a 20 bagger. A 20 bagger today would be great and take Jay's price to 6p - great for anyone buying now but nowhere near enough to cover folks losses that may of invested at anything higher and have held in the mistaken believe that they may get their money back. So Kaminak is actually a perfect example of how very little return (if any) shareholders can get if they invest long term in a junior miner / explorer that 'makes it' and is luck enough not to be one of the 99%+ that end in failure.

Goldcorp Inc. [G-TSX; GG-NYSE] has reached a definitive arrangement to acquire all the outstanding shares of Kaminak Gold Corp. [KAM-TSXV]. The total consideration offered is approximately CDN $520 million.

Under the arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp. Based on the closing price of Goldcorp’s common shares on the Toronto Stock Exchange on May 11, 2016, the transaction values each Kaminak share at CDN $2.62. The consideration received by Kaminak shareholders represents a 40% premium over the 20-day volume-weighted average share price of Kaminak trading on Canadian exchanges for the period ending May 11, 2016 and a premium of 33% over Kaminak’s closing share price on the TSX Venture Exchange on May 11, 2016.

Ashton, thank you for posting the rather spectacular example of what an exploration company can achieve; I'd imagine that took quite some research to find such a glowing example among the 99+% of junior explorers that actually fail. I note that Kuminak commenced around 2011 - as far as I can tell all of the existing Jay BOD were all simultaneously involved in other mining companies at that time. During the intervening 13 years does your research highlight any such fantastic examples attributable to those individuals that now comprise the existing BOD of Jay? Or indeed ANY company they were involved in that has not resulted in the decimation of shareholder value or complete failure? Thank you for your attention - I look forward to your reply.

CC - you say, 'There simply is not enough interest in the JAY projects at the moment'. Why do you think that is? Is it because the resources are worthless? Is it because the price of copper is at an all time low? Etc,etc. Or is it not more likely that anybody with a minimal amount of research can establish for themselves that the present BOD have a history of issuing over optimistic news and projections and that this and a lot of the companies they have previously been involved in have been extremely poorly performing, have failed to become profitable and have seen shareholders loose 98 - 100% of their money. What's not to like? I can only see gullible PIs being suckered in by a desperate name change and what is clearly a desperate tactic to stimulate interest - jump on the helium bandwagon. Of course I could be wrong and institutional investors could be lining up at the door - but I think not. RIO pulled out of a JV with Jay and (apparently) Jay elected to go with Kobold rather than AA, that looks like it may have been another poor decision by the Jay BOD. What is your target audience for these new investors that you hope for?

Looks like the main share holding turkey farmer has persuaded most of the turkeys to vote for Christmas

LOL. Highlights the me to desperation of getting on the helium bandwagon if everything else you do has failed. The article features 6 shares - one of which is very new to market (HEX), one of which sharepad doesn't show any prices for (Georgina) but the other 4 all have remarkably similar levels of success in promoting shareholder value. All 4 at multi year lows and down over 97% - great bunch of companies

AST - >99%

JAY - >98%

HE1 ->97%

MSMN - >99%

TMS sure backs the winners.

Well, in the latest TMS advertisement for Jay, sorry I mean interview, I must say that Sarah is reading her pre-scripted questions like a pro. Between her constant smiles she is giving Rod every opportunity to say just what he wants to big up Jay. A true masterclass in how to do a paid for advertorial, sorry I mean interview.

CC reminds us that Rod claimed Jay was funded for the year in his first interview with TMS (presumably meaning since rejoining the Jay BOD). I would think that statement may prove to be as reliable as some of the others Rod has issued and just as reliable as ES recently stating that Jay's planned acquisitions were inbound in nature.

Since that initial interview Jay has found out that they must now meet Kobold $ for $ on any work next year - that'll need funds prior to work commencing. Jay will also be doing further work on the Dundas shelf. It will also have to fully fund any work undertaken on the WF patch - because WF had absolutely no funds itself when Jay agreed to pay £2.75m for it. Can't see Jay going much longer without trying for a fund raise - after all there's still absolutely no sign yet of the claimed interested parties making the inbound acquisitions we were assured would soon be materialising.

Of course the fund raise will probably now be for 80m - the Jay BOD may well be hoping that the name change will sweep any past failures under the radar. The name change alone makes me think a raise may be imminent.

On the 16th April we are told that an exchange occurred with ES and that Jay had no plans for the acquisition of other companies. Are we to believe that a deal that 'mark's a strategic and transformative milestone' for Jay was done and dusted in a little over 8 weeks? I find that extremely hard to believe; perhaps WF had just slipped ES's memory :-)

16/4/2024

In the RNS today, Eric Sondergaard (MD) says: "As Dundas is fully permitted, with a valid mining license, we will continue to review critical aspects of the project, as well as potential value adding acquisitions within the country."

Going by what a few posters have said here there is understandably some confusion over the statement. I therefore contacted ES for clarification. Here is my exchange with him.

Question from Ashton: "The RNS says: As Dundas is fully permitted, with a valid mining license, we will continue to review critical aspects of the project, as well as potential value adding acquisitions within the country." Does this mean Bluejay potentially acquiring new asset(s) within Greenland or potential inbound acquisition(s) of Bluejay's existing asset(s)? I would appreciate your clarification, please. Thanks

Reply from ES: "Potential inbound acquisition(s)." - unquote

Hope this clarification puts to bed the erroneous assumption among some posters that JAY is looking to acquire new assets in Greenland. Good God, in any case, JAY hasn't got any spare cash for such luxuries!

EnuffRMbs

Precisely, the figure is plucked from thin air - last accounts (2022) show cash of £105k, net assets of £112k and a loss of £50k. There's no record of any subsequent funds being raised. And some folks think this is a great deal - they're either deluded or just plain desperate. Rod's just inflated his 36% share of WF by quite a margin. Jay (or anyone else if they were interested) could of bought it for peanuts or acquired the licences for nothing when WF went bust - even Rod knows no one would have been daft enough to support a cash raise for a company with no hope of ever getting O&G out of Greenland. And do people really think that 80mile has any chance of doing so either?

Ashton – I would genuinely like to express my appreciation to you for bringing the matter of defamation to our attention. It has been a wake up call for me as it is something I had certainly not contemplated when making posts to a chat room. I would like to take this opportunity to un-reservedly apologise for any hurt, harm or ill-feeling any of my posts may have caused. Any of my posts referring to any individuals were intended to be nothing more than an inconsequential expression of opinion and not fact.

Ashton, I am indebted to you. Henceforth, if I do continue to post, I intend to curb my naturally abrasive manner and to ensure that my posts are more considerate and circumspect.

Regards, Rach