GRV - Greenvale Energy

[yogi-in-oz]

Hi folks,

GRV ... looking for a minor and positive time cycle to trigger some
good news from this company, over the next couple of days ...
..... possibly finance-related news??? .....

More details, later.

happy days

paul

 

[refined silver]

Re: GRV - Greenvale Mining

Surprised there's nothing on this. Mentioned on one or two other threads (eg Grace et al)

Mkt Cap = 26.7m shares fully diluted @80c = $21m M.C.

Resources = 6 to 11 billion barrels of oil shale,

Owned in about 3 land parcels, cross-owned with Esperance Minerals (ESM) and East Coast Mineral (ECM), who all also own cross share parcels in each other, with basically same boards/CEO. GRV 3 deposits - Alpha 100%, Nagoorin 50% ESM 25%, Lowmead 25%, ESP 50%, QER holds other 2x25% stakes. BOE have also bought into the projects.

These deposits have been held for a long time, since early 1980s, management has kept running costs exceptionally low, while technology was sought to economically extract the oil. Australia's biggest shale oil deposits. There are 27 technologies being tested worldwide for prod'n of oil from oil shale. GRV is involved in a number of these. Included is a microwave test plant which could be on site April-June 08, subject to Qld govt approval. GRV has sent samples to Global Res Microwave Tech (USA) for testing, they were selected by Time magazine as one of best inventions of the year.

Upside - huge world class deposits, if technology is successful, blue sky potential.
- very low cash burn rate.
Downside - waiting for successful tests to prove it can be extracted economically.

Also a VERY illiquid stock, very tightly held. So much so that Directors recently sold some share parcels to foreign investors for $3. Five times the then current share value 60c.

Bought a few shares for the bottom draw a few months ago.

 

[grace]

Re: GRV - Greenvale Mining

Surprised there's nothing on this. Mentioned on one or two other threads (eg Grace et al)

Mkt Cap = 26.7m shares fully diluted @80c = $21m M.C.

Resources = 6 to 11 billion barrels of oil shale,

Owned in about 3 land parcels, cross-owned with Esperance Minerals (ESM) and East Coast Mineral (ECM), who all also own cross share parcels in each other, with basically same boards/CEO. GRV 3 deposits - Alpha 100%, Nagoorin 50% ESM 25%, Lowmead 25%, ESP 50%, QER holds other 2x25% stakes. BOE have also bought into the projects.

These deposits have been held for a long time, since early 1980s, management has kept running costs exceptionally low, while technology was sought to economically extract the oil. Australia's biggest shale oil deposits. There are 27 technologies being tested worldwide for prod'n of oil from oil shale. GRV is involved in a number of these. Included is a microwave test plant which could be on site April-June 08, subject to Qld govt approval. GRV has sent samples to Global Res Microwave Tech (USA) for testing, they were selected by Time magazine as one of best inventions of the year.

Upside - huge world class deposits, if technology is successful, blue sky potential.
- very low cash burn rate.
Downside - waiting for successful tests to prove it can be extracted economically.

Also a VERY illiquid stock, very tightly held. So much so that Directors recently sold some share parcels to foreign investors for $3. Five times the then current share value 60c.

Bought a few shares for the bottom draw a few months ago.

Well there you go, a thread on GRV. Yes, very tightly held, and a little bit of buying today after 60minutes report last night. I hold.

The machine was supposed to arrive this qtr to start trial extraction....where is it?

 

[nioka]

Re: GRV - Greenvale Mining

GRV is not too flash today. May be a good thing. I decided to put in a bid for a few as a bottom drawer stock, only 5000. Put in a low bid not expecting it to be filled unless there was a retracement. Decided to put in another for the partner ESM as well. Got them both filled. They are both now on my "accumulate watch list". Now all I have to do is get that kerosene heater and lamps. Then find an old farmall tractor engine that will run on kero for the toyota and I'm set. Roll on $200 oil!!!!!

 

[refined silver]

Re: GRV - Greenvale Mining

GRV is not too flash today. May be a good thing. I decided to put in a bid for a few as a bottom drawer stock, only 5000. Put in a low bid not expecting it to be filled unless there was a retracement. Decided to put in another for the partner ESM as well. Got them both filled. They are both now on my "accumulate watch list". Now all I have to do is get that kerosene heater and lamps. Then find an old farmall tractor engine that will run on kero for the toyota and I'm set. Roll on $200 oil!!!!!

Yes, can jump around a bit, but on any buying at all, and like yesterday, its can be up 25%.

At about a one TRILLION dollar in ground resource, and a $14-16m mkt cap (depending on share price) plenty of room for significant upward movement on any sort of succesful tech test.

But yes, its definitely a LT bottom drawer stock.

 

[bvbfan]

Re: GRV - Greenvale Mining

Decided to put in another for the partner ESM as well.

Nioka, sorry I couldn't find this one, whats the name?

Just want to do some DD on them both


bah bah black sheep

 

[grace]

Re: GRV - Greenvale Mining

Nioka, sorry I couldn't find this one, whats the name?

Just want to do some DD on them both


bah bah black sheep

Esperance Minerals from memory. Don't quote me on it though. ESMCA Esperance Minerals Contributing 10cents as I understand it. Happy to be corrected though. Cheers Grace

 

[nioka]

Re: GRV - Greenvale Mining

Esperance Minerals from memory. Don't quote me on it though. ESMCA Esperance Minerals Contributing 10cents as I understand it. Happy to be corrected though. Cheers Grace

Yes that is the one. You have to allow for another contribution when they need more cash. Early days on this for me. I have a lot more research to do. I need to find the right person to give me some inside knowledge. I think I will have to take a holiday in the area and talk to the locals.

 

[burglar]

Re: GRV - Greenvale Mining

Lifting of Moratorium on Oil Shale Exploitation on Greenvale (ASX:GRV) Projects

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01382640

 

[System]

On November 13th, 2014, Greenvale Mining NL changed its name to Greenvale Energy NL.

 

[System]

On August 12th, 2020, Greenvale Energy Limited changed its name to Greenvale Mining Limited.

 

[Dona Ferentes]

On November 13th, 2014, Greenvale Mining NL changed its name to Greenvale Energy NL.

On August 12th, 2020, Greenvale Energy Limited changed its name to Greenvale Mining Limited.

Well if the phone number is still the same, they should be able to use the old stationery stocks
(no-one will notice NL to Ltd?)

 

[oilleak]

Starting to actually have a crack...moving away from shale oil deposits.....or at least looking to cpitalise on shale deposit into other products ....and gettin into ne eploration grounds.

New mangement/holders have a fair track record and percentage of company.

Low cap.....wil move on postive news imo ......

 

[frugal.rock]

Correct thread here. @Joe Blow

https://www.aussiestockforums.com/threads/grv-greenvale-mining.6087/post-130249

A November comp entry I believe.

 

[barney]

Starting to actually have a crack...moving away from shale oil deposits.....or at least looking to cpitalise on shale deposit into other products ....and gettin into ne eploration grounds. New mangement/holders have a fair track record and percentage of company. Low cap.....wil move on postive news imo ......

Nice recent move. Well picked Oily! Hope you have a few stashed away apart from the monthly Comp.

 

[oilleak]

Nice recent move. Well picked Oily! Hope you have a few stashed away apart from the monthly Comp.

Sold a heap in the 8c range ....got a heap left ..... been holding for over 20 years on and off ....... every dog has it's day but I reckon this one will have a large 2021 + ......still cheap I reckon.....

 

[Miner]

Sold a heap in the 8c range ....got a heap left ..... been holding for over 20 years on and off ....... every dog has it's day but I reckon this one will have a large 2021 + ......still cheap I reckon.....

Congratulations @oilleak - what a stellar performance . No close shave. Remained No 1 almost consistently throughout the tipping period and stayed at top even after market price slumped by 12.5% on the finish line.

 

[oilleak]

Jumped a little early for my Feb comp pick .

Up nicely today on update .....

Proven people in the right seats and nice exploration ground along with commerciallising existing resource ....s....

Should be a good year or two coming up .....

 

[oilleak]

Looking forward to a large 12 months me thinks.

Highlights from latest quarterly....

Alpha Torbanite Project, Queensland

• Preliminary 49 open-hole (non-core) drill program completed, with logging and surveying of the holes indicating that the seams are more extensive than initially thought. • Alpha Torbanite and bituminous shale seams extend across the entire extent of MDL330 from the north-west to the south-east boundaries and remain open along strike to the north-west and south-east within the Company’s surrounding EPM 27718. • 45-hole broad diameter core drill program underway within the most prospective areas of the deposit to provide data for the 2012 JORC Mineral Resource Estimate and provide material for definitive metallurgical testing. • Maiden JORC Mineral Resource scheduled for completion after receipt of retort test work results.

Georgina Basin IOCG Project, NT

• Outstanding results from the Government-funded National Drilling Initiative (NDI) further enhance the prospectivity of Greenvale’s Georgina Basin IOCG Project, confirming the potential for large-scale IOCG discoveries in the emerging East Tennant region. • Proposed maiden drill program brought forward to July after analysis of geophysical data reveals highly prospective drill targets within highly magnetic bullseye anomalies hosted by significant regional structures. These are classic host structures for Tennant Creek-style IOCG mineralisation.

 

[oilleak]

Drilling underway on their Twin Peaks targets......

Early days and results will be a while away but any colour in the core samples should add a bit of excitement......

Alpha deposit is a nice back up project should drilling the Twins turn negative.

Terrible September market.........Nearly time for the Santa rally .......

I've been good this year Santa........

Truly I have ...