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Started: A-s-h-t-o-n, 28 Jun 2024 15:25
Last post: A-s-h-t-o-n, 28 Jun 2024 16:25
The Results must be imminent and should provide, among other things, a customary and comprehensive update from the Chairman like this one from last year - https://polaris.brighterir.com/public/bluejay_mining/news/rns/story/x44djkx
Started: Catwithamnesia, 28 Jun 2024 16:20
Last post: Catwithamnesia, 28 Jun 2024 16:20
"We have a lot of projects Thunderstone (early stage), Kangarluarsuk (drill ready), Disko (drill ready), Dundas (permitted), Enonkoski (drill ready), Hammaslathi (drill ready), Dundas License Extn (early stage), Outukumpu (exploration)"...
I almost get cinvinced that:
- BOD is technically accountable, financially responsable and ethically immaculate.
- we have cash resources, partnerships, JV or companies interested in our assets
- the assets really contain resources that could be a shareholder delight even after kazenllions of share dilutions.
Well... the answer is No, No and Not likely.
Correct?
Started: ChirpyCheep, 28 Jun 2024 09:06
Last post: enuffRMbs, 28 Jun 2024 11:22
My target audience would be Icelandic and Scandinavian investment houses and pension funds. They put £44m into Amaroq this year and more last. Oh dear. They stumped up for Dundas …
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?
The cost of drilling Kanga and Disko are broadly the same but the potential of Disko dwarfs Kanga. Kanga is incidental.There simply is not enough interest in the JAY projects at the moment .What this new project will do is give JAY time by providing a new focus and hopefully new investors before the tide turns on the metals sector.
Started: ChirpyCheep, 27 Jun 2024 07:51
Last post: A-s-h-t-o-n, 28 Jun 2024 08:38
IvRoche you ask; "Why wouldn't we drill Kangarluarsuk?"
This question came up at the AGM. The answer from JAY was that the priority is to drill Disko. I may post something more comprehensive on this subject later.
CC - simply put we don't have the expertise and too many open questions. We have a lot of projects Thunderstone (early stage), Kangarluarsuk (drill ready), Disko (drill ready), Dundas (permitted), Enonkoski (drill ready), Hammaslathi (drill ready), Dundas License Extn (early stage), Outukumpu (exploration)... Why wouldn't we drill Kangarluarsuk or even put funds into our actual projects rather than chasing a "very expensive" pipe dream. RM said himself that drilling will be expensive for helium and it's unclear to me atleast if it's drill ready or more work needs to be done - he kept chopping and changing.
I would ask ypu to reconsider, even though it will pass anyway.
There is simply not enough going on with the other projects for your comments to be valid.
Enuff might think the project is worth less than a fiver but have a look at the sheer scale of the project.
Started: ChirpyCheep, 27 Jun 2024 07:54
Last post: Catwithamnesia, 27 Jun 2024 17:43
Any kind of farming is more profitable than Jay, even flea farming.
Btw, i did not receive any info to cast my irrelevant vote. Since SP never reaches 0.37 i am still a lousy millionaire of this worst-than-kimchi-enema stock.
Our big task is to rebuild the forum once 80mile is born...most likely this board will vanish.
I still have hope that Eath a is moves and Disko ends up in the tropical latitudes creating chances of investment in tourism and real estate.
I believe.
Rach. Cat has suggested Turkey farming on Disko as a viable sideline since glaciers retreating. I’m in.
Looks like the main share holding turkey farmer has persuaded most of the turkeys to vote for Christmas
Chirpy.
1. I didn’t know that
2. It’s usual process for a listed company
3. Even if so, the number of shareholders voting tells you a lot about shareholders engagement
Happy now?
Sorry what is the point of your question when there were no votes against ?
Started: monet2, 26 Jun 2024 12:43
Last post: enuffRMbs, 27 Jun 2024 07:24
Is it not customary to share votes for and against?
So basically the AGM was just s***. expected...not even a work besides a "all resolutions were duly passed." And after all went for anlunch with El Capo.
bull****
Bullish?
Bullish?
Started: A-s-h-t-o-n, 25 Jun 2024 20:04
Last post: Catwithamnesia, 26 Jun 2024 08:13
If it is so good asset why doesn't White Flame get profit from that?
Why is BluejayBOD just diluting over and over?
So you pay to White Flame shareholder, which are the same guys in Bluejay, with a pack of JAY shares...diluting the remaining share portfolios? At the same time their stake in JAY increases.
Vote: against. (makes no difference...my stake is 0.01% of the Mcap.)
Will you be voting in favour of it, LWHL?
Will you be voting in favour of it, Ashton?
On 10 July 2024, Bluejay Mining shareholders will decide whether or not to accept the company’s proposal to acquire White Flame Energy (WFE) along with its three exploration and exploitation licences for Jameson Land in Greenland. The licences cover an area of 8,429 km². Common directors of the two companies will not be participating in the vote on 10 July - so it will be down to the rest of the Bluejay shareholders to decide.
Pulsar Helium has two projects, one in the US named Topaz and the other in Greenland named Tunu. Pulsar will be undertaking fieldwork at the Tunu project this summer 2024. Tunu has a licence area of 2,816km² - as opposed to Jameson Land's licence area of 8,429 km². The two areas sit side-by-side. I will be following the progress of the Tunu project, in particular, when drilling commences. Here is a video interview with Thomas Abraham-James, President and CEO of Pulsar. He talks mainly about his company's Topaz project in the US but also refers to the Tunu project in Greenland (8:00 mins into the video).
https://youtu.be/KnRw6A7UqrI?t=2
Started: ChirpyCheep, 26 Jun 2024 07:23
Last post: A-s-h-t-o-n, 26 Jun 2024 07:42
Great! It will be good to see you there.
Going after all, look forward to seeing you there .
Started: ChirpyCheep, 25 Jun 2024 22:12
Last post: IvRoche, 25 Jun 2024 23:11
I will be voting against! This is management over reach and is a hospital pass to Bluejay shareholders IMO.
Correct. But I am interested in the thoughts of the (few?) remaining bulls here, of which Ashton is probably the most strident.
So, genuine curiosity on my part.
LWHL won't be voting for or against.
He's not even a shareholder!!!
Started: 2reincarnated, 25 Jun 2024 15:19
Last post: Catwithamnesia, 25 Jun 2024 16:50
Reverse split 10:1...yes!
This will fly on news
Started: Catwithamnesia, 24 Jun 2024 16:42
Last post: Catwithamnesia, 25 Jun 2024 14:31
Where see nothing i see gold. Disko Artic Resort. Dundas Bitcoin Farm. Greenland Omega-6 Company. Think outside the box. Think about coppelium.
I doubt that they would want to bring too much scrutiny on themselves. Their history, behaviour and connected relationships are questionable imo. Certainly red flags. Hence the new name.
No one is going to take Dundas seriously without further drilling. There will be zero confidence in the MRE's. They don't really see any great value there themselves or that would be a priority over prospecting.
Plus in a recent episode interview they suggested impending legal action regarding the failed fieldwork. Just bluster, or any action?
For those attending the AGM, some questions that could be asked on the JAY RNS reinstating the Dundas MRE:
1) States that they had "serious concerns regarding the execution of the 2022 drilling campaign and decision making processes" which are blamed on the "previous management" (aimed at Bo Stensgaard and Rob Edwards). But as COO of Bluejay throughout 2022, Eric Sondergaard would have been the most senior technical person within JAY and therefore responsible for the drilling tender and selection of drilling method and contractor. Surely then, the blame lands on him?
2) Why has neither of the Mineral Resource Estimate reports (2019 or 2023) have ever been disclosed by JAY? Public disclosure of these reports would be a legal requirement on the TSX or ASX. Instead on the more loosely regulated AIM, JAY refer only to cherry picked snipets from these studies to suit their latest narrative.
3) Which independently consultancy/consultant reviewed the 2023 MRE and advised there is grounds for reinstatement of the original 2019 MRE? Why hasn't this report been disclosed? Reinstatement of an earlier MRE is highly irregular, possibly totally unheard of. Has this been referred to the regulators?
Even in Sicily would be surprised with so much financial creativity...
Started: BurtonD, 24 Jun 2024 07:40
Last post: monet2, 24 Jun 2024 13:05
TMS did not back them when the SP was high. It's from the low market value now. HEX gone from 10p to over 25p but down about now. Let's see how high they will spike up to.
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.
Demand for one of the world’s most critical elements is higher than ever – we look at six small caps seeking to take advantage.
https://total-market-solutions.com/2024/06/the-race-for-helium/
Started: techguru91, 24 Jun 2024 08:10
Last post: techguru91, 24 Jun 2024 08:10
Very very cheap given their exposure to Helium, hydrocarbons and Copper. So much going on and arguably asset potential is as good as it was when the Mcap was up at £250m. Now £4.5m Mcap and alot to look forward to. Be this is a 2024/25 multibagger from 0.3p
Started: Catwithamnesia, 23 Jun 2024 13:35
Last post: Catwithamnesia, 23 Jun 2024 13:35
Max distance in Disko Island...128.5 km...which is 80 mile; they are just saying..."the islanc is all mine". after 80 mile we will have renaming in 6 years after more filutions and merger...making JAY shares a tiny spig in the share pool...next names will be like PolarBeer, Artic S-kam, FishyMetals...and so on. So next 26...anyone ready for fun? Ashton...questions prepared? What will be the shareholder big news? Anyone with red sprays and chantilly cakes? Tomatoes?
Started: goldeninvestor, 22 Jun 2024 20:27
Last post: goldeninvestor, 22 Jun 2024 20:27
80 miles doesn't make sense but ( THE GREEN MILES) that's a better name for the company. I can't believe I'm invested in most of the companies that's management but idiots
Last post: enuffRMbs, 22 Jun 2024 12:16
Amusingly, 80 mile beach is not 80 miles long. It is 140. Once again we have been deceived!! How appropriate a name.
Started: AmyStake, 20 Jun 2024 07:48
Last post: enuffRMbs, 22 Jun 2024 09:37
ashton. if you can put a positive spin on this latest pile of ****e i will be very impressed! your researched valuation of the acquisition would be appreciated.
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.
Rod
brave leader
oh lord of the minerals and gases
bring to our miserable lifes
light and ignite the burst we seek.
we are f*****
make the plug quick.
PS. this will a best seller in the financial world
Rod is a strategist and a master.
According to the always out of date website Rod has 6% of 1.5 billion shares. But he will get 36% of the extra 500 million shares in first tranche. So out of the new 2 billion total he will have c 10%. So even if it’s worthless (it is) he’s garnered another chunk of JAY. Please check my maths.
RachT2 - Come on, you have to forgive the guy. ES probably did not know what hat he was wearing and what company he was representing at the time! The acquisition is coming Bjay's way so it is inbound isn't it? Just like the shares in Bjay to WF shareholders. ES's literal understanding may not be the same as Aston's. Definitely inbound though, lol. Got themselves out of the fire. The kids want helium, we'll give them helium. Anything to lift this balloon. 80 miles high. Think Rob needs a change of name too.
When's the next fund raise? Yeah he said not this year, but he also said we were digging for tungsten, nickel or was it copper a couple weeks ago.
Started: goldeninvestor, 21 Jun 2024 13:21
Last post: goldeninvestor, 21 Jun 2024 13:21
Voted against all.
Started: Catwithamnesia, 21 Jun 2024 05:56
Last post: Catwithamnesia, 21 Jun 2024 11:47
LWHL
you got it.
so now you know onr of the reasons why are going to change name...clear up the fraud tracks. Any oyher ideas?
I did not spot the plan to change the listing name.
If it goes ahead, then all the comments and material information that has been posted here over the years, will not be transferred to the new chat board (on the likely assumption that someone will set one up).
Obviously key regulatory information will still be available in the public domain for people to research as they see fit, but it is something to bear in mind.
I look forward to hearing feedback from anyone who plans to attend that AGM. I assume the corporate action is essentially a fait accomplis, but nevertheless. GLA.
Lets see what others say about this great new JAY movement, White Flame stockpoop and renaming 80 mile (size of Disko island)
Bots please abstain...BOD parrots are unnecessary pumpers at the moment.
AGM...is it recorded? Online?
There is a last tranche of mt shares i haven't sold...still have this cowpoop with me.
Is it going tonhave buffet? Drinks? Gift and memorablia?
Im curious.
People will gonthe pub after? Are they goingbto talk about White Lines...sorry..White Flame (it's smoked...i forgot)?
Is it mandarory to have AGM? Seems a waste o time, we trust in the BOD about everything so much.
Started: Catwithamnesia, 20 Jun 2024 16:06
Last post: Ailean, 21 Jun 2024 10:53
80 Mile... presumably that's how fast the BoD will need to drive from the AIM regulators.
Ahahahahaha...
80 Mile company???
Bluejay bye bye...welcome 80 Mile company?
I like the name should I invest back?
I can't resist...
So after some years Bluejay is gone. Nostalgic...
Before Bluejay we were Jurassic Petrol, then Artic Beauty, GreenFin stoned...Now 80 Mile...
We can brand it as a new company right... like...without past...reset...great team of BOD...great resources...copper, lithium, hellium, uranium, cobalt and new period table elements...
For me it's a must.
Last post: Waverider14u, 20 Jun 2024 19:27
Thanks for the reassurance.
But 16 weeks is some time with no news. I have been invested for a while now and it’s just frustrating. Patience is the game as in most investments just nice to know your not alone.
A gas isba gas. My plot is cows. Greenland and global warming gives Greenland the green again. Disko Farm will produce dairy and a lot of cow gas. It will be the biggest cow fart land in the world, comparable to Dutch fart lands.
Dont worry about stock dilution. Its just an illusion.
I suggest in the AGM someone should gift a proper recognition to the BOD for such altruistic plan. I think all shareholders felt plugged...of course some will deny due to religious and gastroenterologic reasons.
Some double plugged.
Genius.
Good stuff, is this the spike I need to rid this blight from my portfolio...
Looks like a good deal to me..
..but they're not sure of which, or indeed any, gas. That's after 50 years of exploration and $125M spent. So how long and how much before the JAY team (who don't have any O & G experience) find something commercial? Who cares, let's just issue another 80,000,000 shares to enable 3 JAY directors to offload their 40% share of a company whose only synergy with the existing JAY is that it is in Greenland. As for 8.1 Bn boe, which management (without O & G experience) came up with that outlandish number? The only hydrocarbons found so far were in an oil-filled belemnite 😁, and they have the nerve to compare it to Prudhoe Bay & the Anadarko Basin?
Thanks, CC. So that gives holders an indication on that front. But they will need to raise more cash via whatever vehicle (eg more shares issued, bank loans or asset sales) at least three months before then, and preferably closer to six, IMO. Especially in a credit environment like this one, to my mind. GLA.
I am hoping that someone at the AGM reminds directors that the aim is to make money for their non director shareholders, not themselves. Acquiring assets at “bargain prices “ only counts if they make a lot more money from them, than you pay for them. Preferably in a short timeframe. Market seems less than enthused with this latest shiny thing. Hopefully a sale or two is some where on the horizon.
RM in his first TMS interview definitely said they were funded for the year.
Started: Sandyman, 20 Jun 2024 12:33
Last post: LWHL, 20 Jun 2024 15:52
Depends on the assets though, does it not?
Anyway, putting aside this new acquisition, where the cost is being met by printing a big slug of new JAY shares (subject to Board approval of course), how is the cash runway looking more generally?
A few of us attempted to estimate how long the last raise might last, but I do not remember the company giving any actual guidance on this at the time. Although if I am mistaken about that, my apologies and I am happy to be corrected.
LWHL- Because selling off assets is easier said than done, why has has it not happened?
Why would they need (another) cash call?
Surely the sale of all those historic assets, where talks have presumably been ongoing for quite some time now, will provide ample money to fund operations for a long time into the future?
Or do you not think they are going to get any buyers, or only a negligible sum, rather than the kind of numbers that some posters here in the past gave their own projections for?
Nothing in between! I'm of the belief it will go the way of glory and you need to get in today or it will be too late. The SP now already factors in a cash call.
Started: AmyStake, 20 Jun 2024 15:06
Last post: AmyStake, 20 Jun 2024 15:06
Maybe people starting to wake up
Started: techguru91, 20 Jun 2024 13:06
Last post: Catbert, 20 Jun 2024 14:21
I'm happy with this deal.
White Flame is a private company and Bluejay is listed so raising monies is easier in the Blujay framework. Secondly they can shut down the costs at White Flame - the directors are the same.
Some aspects of this business like it or not are about playing for time. Cut cash burn and make your projects biddable and like a fishing expedition one is then hoping for bites. We might get a bite quickly or it might take some time.
A farm in looks a likely option and 9% Hydrogen is off the scale in quality terms.
New Licenses are going to be hard to come by and the greatest derisking factor is that this is a land based project so no need to worry about all the unique and highly protected marine wildlife in the area.
This project opens up the scope to appeal to a new segment of investors besides mining exploration people and the name change wont hurt either.
A ticker of 80m might just be their target market cap. But I hope it is what Rod thinks his own shareholding will be worth.
If we get to either I will happily buy Rod a very nice bucket and spade for his trip to the seaside.
Question, if this is such a fabulous asset - why did White Flame not seek out their own JV - why is it down to Bluejay to dilute it's shareholders and to seek out a JV ahead of expiry in 3 years time? By Rods own admission, while being super giddy, drilling here will not be cheap and we already have limited cash and no signs of disposing of prior assets. (Plus if this fabulous asset is going for a couple of million, enonkoski must be worth about 100k).
Traders have gone and now we will see it turn higher. Fantastic deal. Huge quality asset next door to Pulsar Helium. This is a company maker just watch