Member Info for RachT2

Ashton. Another facet of your personality and strange investment tactics that I find quite weird; you appear to be saying that once you've sold a co. you are wasting your time researching it further and should forget all about it and move on. That may suit you as you might then have little or no one to counter your perpetual bullish promotion of Jay. Me, I prefer to utilise what knowledge I have acquired about a company to my advantage - I will invariably continue to monitor co.s that I already know pretty well and will ever be on the look out for any possible profitable trade. Why waste all that knowledge I have acquired? What would be a waste of time is to move on and discard that information as you would recommend I do.

I'm certain Jay will eventually expire worthless, it's a crap company run by a crap BOD. However, that doesn't mean to say there's not money to be made trading the spikes created by the ramping bs that Jay often issues and which you then regurgitate and embellish in your usual predictable style and with your predictable regularity.

Helpful lessons for successful investing, lessons that will help to avoid both stress and loss of capital

1. Be very careful of posters who are so deluded that despite losing 97% of the value of their own investment they continue to strongly promote the company that has failed them so miserably. Read their posts, be amused by the incredible level of investor bias but pay no heed to their inane ramblings and constantly bullish posts. Remember that they have lost nearly all of the value of their investment by following their own opinion - don't make the same mistake.

2. Research the company. If it has a long history of making over optimistic statements and an equally long history of failure to achieve those objectives then tread very carefully - history has already illustrated the poor quality of the management team.

3. Check if any BOD members have had positions in any other companies and see how those companies have performed. If all of those companies also illustrate a history of under performance, over optimistic news releases and near total loss of any shareholder value then it is unlikely that the management will perform better in any other company.

These are very rudimentary lessons that all successful investors may utilise. It is always surprising just how many losers fail to follow even these simplest of measures.

Some members may have spotted that I have had to obtain a new account – when I attempted (several times) to login LSE claimed there was no account with my email address???? Yet when I attempted (several times) to register again using that exact same email it told me I couldn't use that email as it was already is use by another account. Frustrating.

I might be a lone voice here so I'll get my tin hat on but I find the fund raise a little disconcerting. 5 months ago cobr raised £991k gross - lets say £960k net, they spent £260k of that on buying the remaining 25% of Wudinna so in the last 5 months they've burnt through £700k and have had to do another dilutive fund raise for £600k. Let's say that is £570k net - how long will that last if the last £700k only lasted 5months? There's already a lot more shares.

As Jay will not get any licences for O&G in Greenland I am wondering how the (almost certain) sell out or merger with WFE may be constructed. With Jay's sp on the floor it makes sense to me for the Jay BOD to announce a 'fantastic' 'shareholder enhancing' take over by WFE - after all it is WFE that has the O&G licences and not Jay. I'd expect existing Jay shareholders to lose out big time and inversely the BOD (and shareholders) of WFE to benefit. I'm not certain of the logistics governing this kind of merger or takeover - can anyone with a broader knowledge set out the possible scenarios.

Ashton – your refusal to answer my questions is quite enlightening. Others have also asked you to answer those questions but you have thus far not done so. What is this saying? On the topic of possibly the biggest step change announced by Jay (morphing into an O&G explorer) you have no opinion to disclose and refuse to answer questions regarding this extremely important matter. The reason you haven't divulged an opinion yet is that being like a lackey boy for the Jay BOD you have yet to be given your opinion. Being little more than a mouthpiece for Jay you have no news release as yet to regurgitate and to embellish with your own style of UPPERCASE emphasis. It is my guess that you'll offer an opinion as to this game change moment only once Jay have released some more bs which you can regurgitate. Then you will be able to safely tow the company line. Until that time you haven't the backbone or strength of character to form your own opinion. Instead you again blinker yourself to reality and harsh facts that threaten and contradict your narrative and continue to plough your chosen furrow. Indeed, you describe the many constructive and knowledgeable posts of the last day or so as being noise and a waste of time – that in itself illustrates that you are burying your head in the sand and ignoring the FACTS. Unlike a lot of your posts that are nothing more than innuendo, claims and heresay (which cannot be proven or otherwise) a lot of these recent posts contain FACTS. FACTS which can be researched and found to be ACCURATE. But, still you chose to ignore them because you will not be dissuaded from your misplaced believe that Jay is a good investment. I kind of understand what must be your absolute desperation (having seen the value of your investment plummet by 97%) but any credulity that you may once of had is rapidly disappearing as you refuse to face FACTS.

Ashton - I'll ask again in my nicest voice, would you be so kind as to answer the questions below, I, and I think other board members, would appreciate your insight into these very important issues.

If I may ask a few direct questions to Ashton (as I can't see where you've addressed these important points)–

1. what do you think of the news of a uturn in strategy and the complete contradiction and dereliction of Jay's 'commitment to environmental sustainability'?

2. Does the new hydrocarbon strategy meet with your approval?

3. How do you think the new strategy will sit with EnergyBreakthrough? Do you think they will be in favour?

4. How do you envisage JAY obtaining any O&G licences?

5. Do you view the related party associations to White Flame as being a good or a bad thing for JAY holders?

Thanks for your assistance.

EnuffRMbs - Agree, Ashton that really is a rather silly and pointless post, certainly not your finest moment. In your usual style you tease and intimate but can't produce the goods. In the past it's been a succession of classics along the lines of 'I've been told....but cannot say more' or 'I'm reliably informed.... but cannot say more'. Now you've identified an ex-employee of Jay but won't name them. Are you afraid of the identity police bringing charges on you? LOL. Or are you just talking rubbish and have no evidence. Are you afraid of recrimination if you are proven wrong? So what if an ex-employee of Jay is on this board - would their insight into the running of Jay and snippets of info not be an invaluable asset to enrich all of our knowledge and understanding of Jay? For the record I've never worked for Jay.

I admire enuffRMbs' altruistic motives, me I just like to see ALL information being available - bull and bear. You have been constantly pushing the bull for over 4 years - why do you have a problem with anyone now illustrating the bear? Is your argument not standing up to scrutiny or failing in the overwhelming evidence of the bear case? I guess it is on very shaky ground now that your investment has lost 97% of its value over those 4 years.

Piou – sorry but you need to do some more research as you are factually incorrect

Your argument of Greenland being a better jurisdiction than Tanzania we can both agree on – but our own moral values count for absolutely nothing in the world of commerce. There are already many large international O&G players at work in Tanzania, they disagree with your logic and seem to be doing just fine dealing with all the corruption. If everyone shunned nations with questionable human rights and corrupt governments we wouldn't be getting any O&G extracted from Iraq, Iran, Saudia Arabia etc etc.

Helium DOES NOT need active volcanic activity to form. It is produced by the natural decay of radioactive elements such as uranium and thorium.

I agree, I have absolutely no idea how much (if any) helium AA has on their patch – but then nor does any body else know if Jay's patch has any either. It's a simple matter of deduction; I can deduce that if Jay has any helium then AA (having over twice the area) is also likely to have similar or greater quantities.

Never been on the board, never been an adviser. Never, never, never been a LTH – never trusted RM. I've made some small profits from Jay in the past by trading the price spikes – spikes created by the regular bs issued by RM and the BOD. They've been remarkably reliable; issue over optimistic bs, maybe do a fund raise, price drops. Trick is to sell before price drops – it always has. So I kind of know a little about Jay.

No knowledge of Ken mich so can't comment on his conduct, but from what I can recollect Mike Walter's Show was recommending Jay for years – maybe since before the bs of JM suggesting a 44p target. If this Ken was rubbishing Jay for that length of time surely he was absolutely correct to do so – the price fell from a high of 26.5p to 0.26p. That's a 99% drop – good call Ken I'd say.

Wouldn't that be great if Jay could capitalise on helium, but let's not run before we can walk. Helium is extracted from a piped natural gas supply and natural gas contains only 1 – 4% helium; what becomes of the remaining 96-100% of the NG? So first we need to establish the quantity of natural gas, then what level of helium it actually contains. All current global helium refineries are close enough to a NG supply for it to be piped to the refinery and the remaining NG piped to consumer or liquified for transport. So Greenland would have to permit the building of a gas refinery to refine for helium and then to liquefy it and the remains NG for bulk transport. I am not so sure they will permit such developments but only time will tell. Time is also another factor; a huge viable supply of helium was found in Tanzania in 2016 and was at the same expected to come on line in 2020 – the latest estimate is now for 2025. And that's for a country in which construction can be undertaken pretty much all year round. I can't see helium being produced in Greenland for a long long time, if ever, at least not while other more economically viable and easier to source supplies are available. If there's gas under Jay's patch then there's more than likely to be exact same under AAs larger patch - I know which one I'd be backing in that 2 horse race.

CC - that's what I was thinking but I wanted gbennett to confirm. If you are correct then gbennett is calling me a bully for asking pertinent questions regarding Jay, perhaps they'd be happy if I just wrote rubbish in support of Jay and didn't question just how fantastic an investment Jay is, not. I note that despite being on LSE for 4 years gbennetts's total contribution to the Jay thread has been that ONE single line post saying someone is similar to someone else. In fact in those 4 years gbennett has posted a total of 19 times and only 2 of those ever got past being a one line flippant comment. Very constructive, insightful and helpful. And they've got the nerve to say someone is like someone else that they consider to be an idiot.

If Ken mich was a Jay basher it is obvious for all to see that he made the correct call, Jay's sp chart shows a steady fall all the way down. Ken doesn't look to be the idiot as far as I can see, gbennett on the other hand is looking best placed to assume that title.

Gbennett - to whom is your comment aimed? Who is Ken mich? You'll have to explain.

Some members may have spotted that I have had to obtain a new account – when I attempted (several times) to login LSE claimed there was no account with my email address???? Yet when I attempted (several times) to register again using that exact same email it told me I couldn't use that email as it was already is use by another account. Grrrr.

Anyway, what have I missed? Not a lot – in the face of the weight of evidence and posts regarding the abysmal performance of the BOD members Ashton is still busy trying to convince us / himself that he's backing a winner. Thanks for your dedication Ashton, you must have spent several hundreds of hours on this investment.

If I may ask a few direct questions to Ashton (as I can't see where you've addressed these important points)–

1. what do you think of the news of a uturn in strategy and the complete contradiction and dereliction of Jay's 'commitment to environmental sustainability'?

2. Does the new hydrocarbon strategy meet with your approval?

3. How do you think the new strategy will sit with EnergyBreakthrough? Do you think they will be in favour?

4. How do you envisage JAY obtaining any O&G licences?

5. Do you view the related party associations to White Flame as being a good or a bad thing for JAY holders?

Thanks for your assistance.