ETM - Energy Transition Minerals

[VERUS8]

Been some activity and rise in SP in recent times, maybe the interest in the company is increasing with anticipation of approvals and potential grant of a lease for mining ??

Looks like speculators have piled into this one. Personally I don’t believe the company will receive an exploitation license within the next year, could take longer, seeing their EIA has yet to be accepted IMO.
Still many years away before this company can start mining and that’s if the approvals process goes smoothly IMO. Investors beware.

 

[VERUS8]

Looks like speculators have piled into this one. Personally I don’t believe the company will receive an exploitation license within the next year, could take longer, seeing their EIA has yet to be accepted IMO.
Still many years away before this company can start mining and that’s if the approvals process goes smoothly IMO. Investors beware.

To be honest, the SP action of late has no relevance to whether or not the company receives approvals. It’s purely based on speculation that it will. Just need to keep in mind what might happen if the approvals are not forthcoming and have a plan to act accordingly because as quickly as the speculators arrive they can disappear.

 

[jbocker]

To be honest, the SP action of late has no relevance to whether or not the company receives approvals. It’s purely based on speculation that it will. Just need to keep in mind what might happen if the approvals are not forthcoming and have a plan to act accordingly because as quickly as the speculators arrive they can disappear.

'tis speculation
anticipation trepidation expectation
p r o c r a s t i n a t i o n
Wholly **** degradation tribulation devastation
Holy **** aggregation multiplication jubilation
Admiration self indulgent adulation
celebration reputation
'twas built this bonzer Nation
'tis speculation

 

[Dona Ferentes]

concatenation

Trading Halt .... pending an announcement on the progress of the approval, by the Greenland government of the Company’s Environmental Impact Assessment.

 

[jbocker]

Been watching this one for a number of years. Finally GGG have Acceptance of the EIA by the Greenland Environmental Agency for Mineral Resource Activities. This has been a VERY long road and to get that acceptance must be a very significant milestone.

https://www.asx.com.au/asxpdf/20200923/pdf/44mx5csmxts3n2.pdf

 

[Dona Ferentes]

Good run, 10c to 30c in four months.

Trading halt

Capital raising.

 

[Dona Ferentes]

looking for $30 million via a placement of new shares and a share purchase plan to raise up to $3 million, according to terms sent out.

The new shares were being offered to investors at 24¢ each, which represented a 17.2 per cent discount to Greenland's last close and an 18 per cent discount to its ten day VWAP.

Canaccord Genuity was lead manager on the deal, while CPS Capital Group and Ashanti Capital were pitching in as co managers.

 

[jbocker]

This is one of my selections for the 2021 tipping Competition. It has been a slow moving beast, but I suspect 2021 will be good year for GGG. The EIA has been accepted for public consultation and the 12 week consultation has commenced. I would think this should be the start of a year of a mining grant and some significant groundwork activity.
(not holding)

 

[greggles]

I think GGG is going to outperform in 2021and it is my top pick for the full year 2021 competition.

Their REE project is huge with a JORC-code compliant resource of >1 billion tonnes, and an ore reserve estimate of 108 million tonnes to sustain an initial 37-year mine life.

I am anticipating that rare earth elements will only continue to increase in value during 2021 and the Kvanefjeld Project will prove to be hugely profitable.

The mining licence should be granted soon and things should really start coming together for GGG during 2021.

 

[jbocker]

Good run, 10c to 30c in four months.

Bad Run 34c to 15c in one month. The increase in public consultation time frame from the original 12 weeks to June has been off putting and I suspect a little unrest in the public. The extension is due to covid-19 precautions vs public consultation access, need more time to enable proper consultation / engagement.
Might watch how low GGG can go, and then think of dipping a toe back in.
(my 2021 competition year pick is being messed up at this price)
Not holding.

 

[Dona Ferentes]

bit of a story in the AFR today, about how an Aust geologist, Greg Barnes, was the rock whisperer who, who with the US Geological Survey, briefed energy and defence chiefs about Greenland's mineral and especially rare earth wealth and was the trigger for Trump offering to buy it.

How a Perth geologist convinced Trump to buy Greenland

Australia is playing an outsized role in Greenland’s rare earth boom, where escalating big power, Arctic competition and a snap election may decide the fate of two Perth-based companies.

www.afr.com

Greenland Minerals has found itself at the heart of a bruising political fight in Greenland over its plans to build a uranium and rare earth mine a short distance away from the Tanbreez site, on the same lump of rock known as the Ilimaussaq intrusive complex.

The mine – and its growing environmental opposition – triggered the collapse of the ruling coalition in February, paving the way for a snap election on April 6 that is attracting international scrutiny.

While Greenland Minerals is a minnow in Perth, it’s a huge player in Greenland, where its Kvanefjeld project (Kuannersuit in the local Inuit language) promises to bring 700 jobs to a region where the nearest and biggest town is home to just 1300 residents and where the population has dwindled by a quarter since 1991.

The project’s construction costs will be equivalent to 40 per cent of Greenland’s gross domestic product, according to the company, and will ultimately produce an annual income of 1.2 billion Danish krone ($250 million), helping to set the foundation for full independence from Denmark, which continues to bankroll the island and its population.

But the project has its outspoken critics. They warn of environmental disaster and question its use of Chinese investors. Barnes even accuses the company of behaving like “the ugly Australian abroad” and interfering in the country’s election, making it harder for other foreign projects to win over local support.

As well as rebutting environmental concerns over his project, Mair argues that the involvement of Chengdu-based Shenghe Resources – which he says holds 9.4 per cent of Greenland Minerals – is an advantage because of the technical knowledge it brings.

“There’s not a lot of Western experience in this particular space. They’ve provided a huge amount of horsepower to the technical side of the project and it’s not like they have a controlling stake, control of the agenda or the strategy.”

“Shenghe is widely regarded as a leader in rare earth processing, and is an established supplier to international end-users.”

Mair says the relationship is actually an example of technology transfer out of China: the processing of rare earths and other commodities “isn’t done in a black box on the other side of the earth; it’s done here in Australia in commercial, accredited laboratories”.

Furthermore, Mair says that while people are quick to point to the company’s Chinese partners, Greenland Minerals has a far larger investor base – more than 20 per cent – and a fast-growing European share register, and over 15 per cent held by North American investors. "Shenghe’s involvement in US rare earth producer MP Materials has been similar.”

 

[Garpal Gumnut]

I am just returning to my bolthole in Knightsbridge and happened upon an early edition of the Times of London.

Buyers of GGG beware.

"A Chinese-backed strategic mining project in Greenland faces cancellation after a party opposed to it won the territory’s parliamentary election."

"The territory’s semi-autonomous government has been assiduously courted by China, which has been granted several licences for research and mining bases on the island. The Kvanefjeld site is owned by Greenland Minerals, an Australian mining exploration company whose largest shareholder is Shenghe Resources, a firm close to the Chinese government.

The project is contentious for Greenlanders. A poll published on Monday by Sermitsiaq, a local newspaper, found that 63 per cent of the population were against it, in part because of concerns about the environmental hazards of uranium mining.

gg

 

[Dona Ferentes]

interesting spin (!)

(from Reuters) .. The Kvanefjeld rare earth mining project in southern Greenland will be halted, the leader of the Inuit Ataqatigiit party that won Tuesday's snap election told state broadcaster DR on Wednesday.

 

[Garpal Gumnut]

GGG in a "Trading Pause"

I never halted him, yer honour, I merely paused him.

Best beware of stocks with significant Chinese ownership atm.

gg

 

[Garpal Gumnut]

GGG in a "Trading Pause"

I never halted him, yer honour, I merely paused him.

Best beware of stocks with significant Chinese ownership atm.

gg

GGG is halted.

RE: TRADING HALT REQUEST
Greenland Minerals Limited (ASX:GGG) (“the Company”) requests an immediate trading halt of its securities and provides the following information in accordance with Listing Rule 17.1:

• The trading halt is requested pending an update to the market regarding the results of the recent election in Greenland.
• The Company requests that the trading halt be lifted on the earlier of the release of an announcement to the market or on the commencement of normal trading on Monday, 12 April 2021.
• The Company expects the trading halt will cease by the making of an announcement of the kind referred to above.
• The Company is not aware of any reason why the trading halt should not be granted.

gg

 

[jbocker]

I bailed out about a week ago. I was looking for $ to invest elsewhere and I thought I had plenty of time to maybe get back in later (end May). Looks like a fortunate decision.
I am also very careful now of companies with significant Chinese ownership after my NKP experience.

 

[Garpal Gumnut]

I bailed out about a week ago. I was looking for $ to invest elsewhere and I thought I had plenty of time to maybe get back in later (end May). Looks like a fortunate decision.
I am also very careful now of companies with significant Chinese ownership after my NKP experience.

A fortunate move.

Some will spin this as an indigenous/green issue, which may be partly true.

However the Orange Loon tried to purchase Greenland for its Rare Earth lodes when he was president, and of course failed.

Geopolitical events are moving apace. The ole Central Committee of the CCP will have this as one of their agenda items this week.

As will the cousins in the White House and on Capitol Hill, if the latter has not been occupied again by bogans.

And our Feds will probably be occupied with the latest Laming to poke its head out of the sleaze.

gg

 

[jbocker]

And our Feds will probably be occupied with the latest Laming to poke its head out of the sleaze.

Good political grounding is rare earth at the moment.

 

[frugal.rock]

It took a decent hit out of it before the safety brake was applied.
I wonder how much slippage will continue when released....
Perhaps a company name change is in order now?

 

[jbocker]

Perhaps a company name change is in order now?

Yep that is what I did, and change of country resource location. Bought a little bit of NTU with some rare earth in Australia.
I don't like the future of GGG - I don't think I will live long enough to see them get this out of the ground.
My 2021 tipping is shot with this too.