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Also, nice to see the expansion of the runway at Nuuk is happening at pace, just in time for any self-respecting Billionaire to be able to land their G650.

A placing for what? We have around £8m in cash and not many employees and we just signed a $1.5m 'management fee' with Kobold. I'd be interested to hear why you think there's going to be a placement? If we are doing a raising now it is for something significant, not just for salaries.

Crumbles last week you were chipping in with 200 shares and you're now chatting about Candles?

Somethings not right with these recent posters! Guess it was always going to happen when things started moving.

Absolutely no stress here. We will have a massive rerate when funding is announced and details emerge on the offtake agreement. Interesting to see that the partner @ NortonRoseFulbright, 2nd largest law firm in the US & 10th largest in the world, who brokered the deal with KoBold, looks forward to facilitating Dundas too.

What did you do in your life before you started posting about JAY?

As demonstrated by the JV signed between AB InBev and Rio. All companies who don't come up to standard will be taxed out of the market and should help bring the US/West manufacturing and product capabilities back to rival China.

https://www.riotinto.com/en/news/releases/2020/Rio-Tinto-and-AB-InBev-partner-to-deliver-more-sustainable-beer-can

It'll be interesting to see how their drill results turn out in other parts of the world, they're definitely following the trend that continues over to their new land in northern Quebec which starts in Russia. It's not easy to see all the projects Kobold is involved in but JAY is the first I can see that they have entered a JV on. Given that it is a new company with fairly new techniques of discovery they'll want some pretty big successes to get them started. Disko last year was explored by EU-funded scientists/geo's alongside our own guys, it has had many, many years of $ spent identifying targets. They know what's there that's for sure and we are about to be the ones in the right time and place to unlock it, hopefully.

I think I'd be happy with either outcome, mine or pure royalty for Dundas. We still have 2 other projects that require exploration in Greenland outwith Disko and I've not read anything about the departing Geo who left earlier in the year being replaced.

We have 3 projects in Finland and 2 projects in GL that are all progressing, any one of those turns into a mine and we are laughing at this current SP. 2 or more and it's dreamland.

I'm wondering though if we are actually going to be digging this up ourselves, or if we are going to bring in a JV partner with more experience to do the actual work. It really hasn't been too clear yet if we are keen to do this, Bo's last interview suggested that perhaps we are seeking a partner at Dundas? Rio would be an obvious choice and they've been making positive sounds about their ESG capabilities on ilmenite mines in Madagascar and the location being very close to processing in Quebec.

Is there any chance JAY will become a fully fledged miner?

It was only a few weeks ago we were in 8's so let's not get too excited about it dropping.

Does anyone have any thoughts on/if potential JV partners for Dundas? Could this be causing the delay in announcing the finance and offtake details? Feels like JAY so far only has an appetite for exploration and not actual mining.

Nice to see they've updated the substantial shareholder info on the website today. It looks like Sandgrove has dropped 4% or so. Now at an 88% buy.

I know I am an idiot, there's no doubt about that, certainly can take no credit but guess it's the gambler in me and probably more so my inexperience. I said I was going to treat this as a lesson and see where it ended and feel we're now weeks away from there. Either a proper customer/sales confirmation or it goes for parts.

They held another 8% or so through HSBC, so maybe it means they only now have 16.9% left, in total.

Great to see so many large trades going through after-hours and fantastic volume all week. Hopefully, this runs all next week too.

Come on Dundas, it's your turn!!

GLA

They've held 16.9% for a long long time.

Sophie, unfortunately, I have nailed it with this company in my assessment over the last 10+ months, if you or anyone else cares to look back at my posting on it you will quite clearly see I've been nearly perfect in my calls. Months ago I called sub £10m, months ago I was questioning the physical setup, 'sales team', bod location and expertise, lack of communication, poor website. I've been questioning the poor performance since Oct 20, you have been ramping. What's happened to the SP in that time?

And to add, I'm extremely disappointed in this because it's also true that I've kept my holding here in that time.

We are on the VDTK board and it's the only investment it seems we share so why would I be talking about anything else but Verditek? You have for the last 12-18mths on here spun the most positive spin you possibly could, all whilst the SP and company steadily march to its death. If your posting history on here is a reflection of your true professional self I'd suggest it is not I that am an idiot.

Maybe he just hates liars and cheats?

Sohpie I've yet to see you get something 'right'.

I'd say try and be realistic rather than hopeful. Sophie, I would have thought you'd be a bit more cautious after your failed ramping over the last year. Paul, you seem to have taken over from CAT, let's see how much technical babble you spout over the next few weeks!!

Uggy you are a hard person to please. Early last year were you not complaining that the BOD was wasting time acquiring more land around Disko? Seems like they may have some experience of building value in a company after all eh. GLA

It's not just 15m it's who the partners are, where they are located and the capital behing them. If Disko is as big as they hope it's going to need massive investment over the next 10 years, and you don't want to run out of cash halfway through. This could turn out to be a multi-billion company in its own right, and as of just now, JAY owns 49%.

News soon from Rio on what's going on in Finland.
Dundas can start producing revenue in 18 months.

You would suspect that the American market would be very interested in a mining/technology company with Gates & Bezos as significant investors. What's also appealing to them I would have thought would be the location of Greenland to the US with shipping costs being what they are and the hunt for low mileage resources. For the last 4 months, there has been a 50K buy each trading day from the OTC market - someone has already been building a position?