Mining ventures in Greenland, Purplebricks and Playtech


Mining ventures in Greenland, Purplebricks and Playtech
  1. Mining ventures in Greenland, Purplebricks and Playtech
    thisismoney.co.uk
    This week, Midas takes a look at mining firm Bluejay Mining, the Sunday Telegraph eyes Playtech and the Sunday Times considers whether it's time to sell shares in online estate agent…
    Personal Finance

We round up the Sunday newspaper share tips. This week, Midas takes a look at mining firm Bluejay Mining, the Sunday Telegraph eyes Playtech and the Sunday Times considers whether it's time to sell shares in online estate agent Purplebricks.

Bluejay Mining's shares are 17p and deserve to rise considerably as the Greenland site moves into commercial production 

MAIL ON SUNDAY 

Rod McIllree has been working in Greenland for 11 years, the last three of which have been spent developing one of the largest and highest-grade ilmenite projects in the world with his company Bluejay Mining.

It's listed on AIM, shares are 17p and deserve to rise considerably as the Greenland site moves into commercial production, says Midas. 

The firm currently operates along almost 20 miles of coastline in north-west Greenland, but the entire site, known as Pituffik, covers 60 square miles so there is considerable potential for expansion.

Local infrastructure is robust as well, so the ilmenite, which is used to make titanium dioxide, can be transported to ports and shipped overseas with relative ease. 

Buyers are already showing interest and the company expects to send out samples to prospective customers this year, with production starting at the end of 2018. Analysts expect production of about 100,000 tons next year, rising to more than 300,000 by 2020. 

Bluejay is focused on the Pituffik project, but it owns licences elsewhere in Greenland and it has a large copper site in Finland too, which may well be sold to generate extra cash.

Midas verdict: Buy.

>> Read the full Midas column here 

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SUNDAY TELEGRAPH

Teddy Sagi, the colourful billionaire behind Playtech, is intent on diversifying his fortune and recently sold a tranche of shares in the firm, says James Ashton in this week's Questor for the Sunday Telegraph.

In his sights he has a number of property interests and flexible working spaces and his £36.5m sale raised £337m and left him with a 6.3 per cent stake in the businesses he founded in 1999. 

Playtech shares are close to an all-time high and the firm is valued at £3bn and Sagi now remains an adviser to the firm.

The company provides the software and services behind may online gambling sites and most of its income comes from powering online casinos…

Bluejay Minings shares are 17p and deserve to rise considerably as the Greenland site moves into commercial production 
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