ETM - Energy Transition Minerals

[peter2]

I wonder if the bad news concerning GGG has increased demand for other rare earth projects?

I notice up bars in many other RE companies today.
ARR, ARU, ASM, HAS, IXR, NTU, PEK, SOR, VML.

Edit: I notice that the ASF rare earth society are onto it.

 

[Garpal Gumnut]

Well there you go.

GGG has risen by 15% to 20% so far today.

Is it a sophisticated pump and dump?

gg

 

[frugal.rock]

Is it a sophisticated pump and dump?

Probably.
Very low volume pushed it down yesterday.
I've been in & out of it for a dip today.

 

[mullokintyre]

Greenland has voted to suspend Oil and Uranium exploration (because of climate change).
see Nordic Ice News and UPI
That will not be good for GGG, given some of the push was for Uranium.
Maybe the CCP will suddenly find an old map with dotted lines showing that Greenland was always part of China.
Mick

 

[debtfree]

A quick chart update on GGG, nice break out yesterday.

 

[peter2]

Greenland Parliament has banned uranium mining which was going to be a by-product of the proposed Kvanefjeld rare earths mine.

GGG in trading halt as it considers it's future.

 

[barney]

Greenland Parliament has banned uranium mining which was going to be a by-product of the proposed Kvanefjeld rare earths mine.

GGG in trading halt as it considers it's future.

Don't hold any GGG but have always thought their issues/location have made them a bit riskier than a few of the other R/E Specs.

I hope they can work out a plan of attack for anyone holding. Never like seeing any Spec Stock suffer given this is where I live

 

[System]

On November 10th, 2022, Greenland Minerals Limited (GGG) changed its name and ASX code to Energy Transition Minerals Limited (ETM).

 

[Dona Ferentes]

from the Quarterly:

The primary objective of the Company remains the development of the Kvanefjeld rare earths project and, through the arbitration process that the litigation funder will now be supporting, the Company is seeking clarity on the application of Act No. 20 to the Kvanefjeld project, so that a path forward for the development of this important asset can be worked out by all parties.

As well, GGG entered into a binding heads of agreement with Technology Metals Europe SL and its sole shareholder Welsbach Holdings Pte Ltd, for the right to earn in a 51% interest in TME, which is the sole owner of an exploration permit in Spain prospective for lithium, known as the Villasrubias project.


trading just above 5c

 

[rcw1]

Good afternoon
52 week high today (29/12/22)
Not holding

Edit: the performance chart does not reflect this … 6 months does
Kind regards
Rcw1

 

[mullokintyre]

Following the stupid comments from Trump about buying or taking over Greenland, the old GGG has had a rocket put under it.
From Evil Murdoch Press

Mick

 

[Captain_Chaza]

That is Old News !

What is " Evil "about The Murdock Press?

The Auz is the Best Newspaper in AUZ
and SKY News Australia now rates a lot Higher than Your One term Albo's ABC News
and SKY News Aust Rates really high INTERNATIONALY too

Please Take my advice and Join Foxtel Platinum
You then get SKY News AUSTRALIA for Free

 

[Garpal Gumnut]

Following the stupid comments from Trump about buying or taking over Greenland, the old GGG has had a rocket put under it.
From Evil Murdoch Press
View attachment 190773

Mick

What a nice buy on the rumour.

gg

 

[mullokintyre]

That is Old News !

What is " Evil "about The Murdock Press?

The Auz is the Best Newspaper in AUZ
and SKY News Australia now rates a lot Higher than Your One term Albo's ABC News
and SKY News Aust Rates really high INTERNATIONALY too

Please Take my advice and Join Foxtel Platinum
You then get SKY News AUSTRALIA for Free

Not really sure what is evil about the "Murdock press", as I was quoting the Murdoch Press.
I subscribe to the Australian, whether it is the best newspaper in AUZ I can't say as i don't subscribe to all of them.
And thanks for the advice, but I very rarely watch TV of any variety, I have more productive things to do.
Mick

 

[Captain_Chaza]

Evidently the Yanks have been trying to Buy Iceland for approx 90 years
They bought a Third of America from the French and Alaska from the Russians
I think the ~ 400,000 Icelanders will be made an offer they can't refuse in Defence of All the Waring Nations of Europe

 

[peter2]

ETM formerly GGG has nothing going for it. The locals are refusing to allow any mine development, especially uranium.

Greater fools in action on the ASX. ETM will raise capital now if mgt are on the ball.

 

[Dona Ferentes]

Not really sure what is evil about the "Murdock press", as I was quoting the Murdoch Press.
I subscribe to the Australian, whether it is the best newspaper in AUZ I can't say as i don't subscribe to all of them.
And thanks for the advice, but I very rarely watch TV of any variety, I have more productive things to do.
Mick

I don't think boy wonder understands irony, Mick

 

[Garpal Gumnut]

ETM formerly GGG has nothing going for it. The locals are refusing to allow any mine development, especially uranium.

Greater fools in action on the ASX. ETM will raise capital now if mgt are on the ball.

It is rather toppy.

gg

 

[peter2]

It gets better! Julie Bishop has been hired to advise ETM on their disputes in Greenland.

ASX-listed Energy Transition Minerals said Ms Bishop’s “profound grasp” of international affairs would help it navigate the political and legal challenges facing its Kvanefjeld project in Greenland’s south.

All they need now is a sporting celebrity.

 

[Dona Ferentes]

21 Jan

Successful A$9.35m Placement to Advance the Kvanefjeld Rare Earths Project, Greenland

Highlights:
• Binding commitments received to raise A$9.35 million by way of a single-tranche institutional share placement at A$0.068 per share
• Placement received strong support from global investors, resulting in the
introduction of several new international institutional investors to the Company’s share register
• Proceeds from the Placement will fund the continued advancement of the Kvanefjeld Rare Earths Project, including expanding operations in Greenland, updating resource parameters, reviewing acquisition opportunities, while providing additional cash reserves for arbitration and working capital
• Company well-funded with a pro forma cash position of $20.0 million upon completion of the Placement

and from the Quarterly: The Company’s Board plans to visit Nuuk and Narsaq in Q1 2025 to engage with representatives of the Greenlandic government and parliament, and local stakeholders.

..and today : the Top 20 shareholder list released (Dept of Green Energy not on it)

.
Not for release to US wire services or distribution in the United States