80 Mile (#80M) – noting “confirmatory due diligence”, a Takeover Panel extension
- 2026-10-06 06:59:18
What 80 Mile PLC (80M) is NOT telling you in today’s RNS is that its joint broker Zeus has quit. That is not because of today’s joke all paper merger with Nasdaq dog Greenland Resources but because of a series of regulatory failings not least the recentplacing scandal that the FCA and AIM Regulation are all over. It is not obliged to announce a broker resignation but I thought you should know. As to the deal… it’s a total rum ‘n’ coke
The FCA, AIM Regulation and everybody who cares about market integrity should be all over 80 Mile PLC (80M) over the way investors were duped about lack of drilling permits ahead of the July placing as exposed HERE. But 80 Mile is now, I can reveal, hiding another bombshell.
The Guardian ran the story 4 days ago and nothing happened. I flagged it up here yesterday calling from an RNS from 80 Mile (80M). Maybe the folks round at AIM Regulation read the UK’s top investigativef inancial website rather than the paper of the purple haired lanyard wearing classes? Only jesting. The main thing is that 80 Mile has been forced today to ‘fess up and its shares are crashing.
I am surprised that 80 Mile (80M) has not been forced to issue a formal statement after shock exposes by top journalist Tom Burgis in the Guardian.
Rod McIllree joke company 80 Mile (80M), formerly BlueJay Mining, is at it again, doing what it does best: issuing yet more shares. This is another AIM shitco where you almost lose count of the gazillions of shares issued and where the market is now numb to the pain of further dilution and failing to ask: who benefits?
With a hat tip to reader Exeost it is worth flagging up that the shitfest that is 80 Mile (80M) is now just making it up as it goes along. Earlier I flagged up the GOTCHA! Moment as MD Eric Sondergaard fell on his sword, well sort of.
Following all the revelations on this website of undeclared related party transactions with Robert B Price of Highlands Natural Resources infamy, someone at 80 Mile (80M) had to fall on his sword. But even that exercise shows just how pungent this company is.
The question is raised by Evil Banksta and I suspect that the answer is NO!
Ouzo for the Sheriff of AIM! It seems that the Oxymorons at AIM Regulation and hapless Nomad SP Angel of the Mysquar fraud infamy have indeed acted on my exposes and missives of last week. For today 80 Mile (80M), the £30 million shitco run by “colourful” Rod McIllree has ‘fessed in an RNS.
A bad night, a late start but still there are two things that have NOT happened. The mystery of the dog barking is that it did not bark.
I have written to John Meyer, a senior figure at SP Angel which acts as Nomad to 80 Mile PLC (80M) urging him to act rapidly about the material way that investors, and I suspect SP Angel itself, have been misled by the company. Meyer has known me for years and knows that I am not short as the BB Morons claim and that I do not make things up as the morons also suggest.
Yesterday I raised a number of questions about the failure of disgraced Nomad SP Angel with regards to due diligence regarding the spooftastic RNS from Rod McIllree’s 80 Mile (80M), formerly BlueJay. Today, thanks to a kind reader here is the PROOF that SP Angel has not done its job properly in terms of full disclosure. Our reader, who I know well and is an industry professional, writes:
Spivs like David Burton of Total Market Solutions and the disgraced brown envelope man Zak Mir are drooling all over Rod Mcillree’s latest cracking deal at 80 Mile PLC (80M) formerly Bluejay Mining. The RNS is signed off by Nomad SP Angel of the Mysquar (MYSQ) fraud infamy so some folks think it must be meaningful. 10 minutes desktop research should beg massive questions.







