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AMRQ Amaroq Minerals Ltd.

76.00
-2.00 (-2.56%)
09 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amaroq Minerals Ltd. LSE:AMRQ London Ordinary Share CA02312A1066 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -2.56% 76.00 168,605 14:39:39
Bid Price Offer Price High Price Low Price Open Price
74.00 78.00 78.00 76.00 78.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores CAD 467k CAD -833k CAD -0.0025 -548.00 255.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:44 O 44,642 76.56 GBX

Amaroq Minerals (AMRQ) Latest News

Amaroq Minerals (AMRQ) Discussions and Chat

Amaroq Minerals Forums and Chat

Date Time Title Posts
03/10/202410:45Amaroq Minerals ex-AEX Gold (AEXG)100

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Amaroq Minerals (AMRQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-09 16:14:4576.5644,64234,177.92O
2024-10-09 14:41:1477.4019,54515,127.83O
2024-10-09 14:22:3277.3510.77O
2024-10-09 13:37:5877.0012,9879,999.99O
2024-10-09 13:35:3976.1110,0007,611.00O

Amaroq Minerals (AMRQ) Top Chat Posts

Top Posts
Posted at 09/10/2024 09:20 by Amaroq Minerals Daily Update
Amaroq Minerals Ltd. is listed in the Gold Ores sector of the London Stock Exchange with ticker AMRQ. The last closing price for Amaroq Minerals was 78p.
Amaroq Minerals currently has 327,418,727 shares in issue. The market capitalisation of Amaroq Minerals is £448,563,656.
Amaroq Minerals has a price to earnings ratio (PE ratio) of -548.00.
This morning AMRQ shares opened at 78p
Posted at 03/10/2024 10:45 by philby1
Another excellent piece on Amaroq from Charles Archer today. Little wonder the share price is moving higher!
Posted at 13/9/2024 10:54 by philby1
As well as TW it appears Charles Archer is a fan too. Don't think either of them supporting the company will 'be the kiss of death for the company and its shares'.

Amaroq, Greatland & Endeavour: gold is red hot
13 September 2024

Amaroq Minerals is aiming for first gold next quarter, has a Mineral resource upgrade on the way, and is sending out some excellent site media - including the Gravity Tower, which has just been installed at Nalunaq, and images of very visible 'bonanza' gold mineralisation within the West drive in 730 level in the Mountain Block.

Once the company really gets cracking on gold production, it is literally going to print money - and in terms of further upside, has the largest exploratory portfolio in Greenland. As it becomes ever more capable, AMRQ will be able to explore other assets at a much lower cost base and with greater technical skill than other operators in the region - add in the critical minerals exploration and there will be a huge resurgence over the next few months.
Posted at 09/8/2024 15:37 by dudishes
Aye, largest holding became largest in mine sector just recently.

OPTI now, wow!

Owning up to losses, RRR (not new), WSBN, AAU, JLP, and the good old Kefi!

Buying at such low prices, as claimed, why not revealed at the time?

He buys 5p worth, thinks he is a holder, caught out recently by the Co. he did not own share in, do you remember?

Aye, time to retire, nice wife and kiddies, good gaff in Greece, shame about the shambles in Wales.

Learn to dig a garden man!
Posted at 23/5/2024 06:53 by philby1
Some very encouraging comments from the Shareprophets subscription site two days ago. They believe the shares are a buy at current prices.

Amaroq Minerals – Q1 2024 results and report, a winning share tip Buy.

Amaroq Minerals (AMRQ) has issued its quarterly results and report including emphasising on Nalunaq “highly encouraged by how operations are progressing” and that also “progress on new growth opportunities within South Greenland, including Strategic Minerals, Hydro and Servicing are progressing well and we look forward to providing an update to the market in due course, during or before the Capital Markets Day”. So that is further good news from a 69p share price.
Posted at 23/5/2024 06:21 by waldron
Annual Report and Notice of Meeting

TORONTO, ONTARIO – May 17, 2024 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, announces that it has posted its Annual Report and Financial Statements for the year ended December 31, 2023 and Notice of Annual and Special General Meeting of Shareholders (“Meeting”) and Management Information Circular to shareholders.

Copies of the documents are published on the Company's website at and the documents will also be available on SEDAR+ at www.sedarplus.ca.

The Meeting will be held remotely on Friday, June 14, 2024, at 10:00 a.m. (Toronto time).


Registered shareholders and duly appointed proxyholders will be able to participate, vote and submit questions at the virtual meeting. Instructions on how to join the virtual meeting are set out in the Notice of Meeting.
Posted at 23/5/2024 06:15 by waldron
Amaroq Minerals loss widens; appointment of new CFO advanced

May 17, 2024 at 09:52 pm

Amaroq Minerals Ltd - Greenland-focused Canadian gold miner - On Tuesday, reports results for first quarter ending March. Net loss widens to USD9.2 million from USD3.4 million a year prior. Loss per share widens to USD0.03 from USD0.01. Exploration and evaluation expenses fall to USD875,213 from USD1.2 million. But general and administrative expenses rise to USD4.0 million from USD2.6 million. Chief Executive Eldur Olafsson says: "I look forward to providing the market with a more complete update on Nalunaq operations at our Capital Markets event on June 13, where we will present visuals of the progress made to date and providing guidance on the cost to complete as well as the expected date of first gold production. In addition, we will present our plan for resource growth at Nalunaq, along with details of our expanded drilling programme at the Stendalen copper-nickel discovery." Says appointment of new chief financial officer is "well advanced."

Current stock price: 73.00 pence

12-month change: up 78%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com
Posted at 01/3/2024 08:01 by dudishes
Sore head hazl?

Why pick on loganair? AMRQ, he is correct, KEFI funding perceived but not yet in place. 50% correct. Much better than your picks what?

AMRQ massive rise since 40p.

SOLG 50% loss in 6 months.

CUSN 50% loss.

QED, SOLG, CUSN all wishful thinking?

If SOLG not for this board, why finish off with a ramp of SOLG?

Dud
Posted at 28/2/2024 15:53 by loganair
I've just spent an hour looking at AAU and I considered a small investment was worth while.

I just wished I had bought more Amaroq then I did when the share price was around 30p.
Posted at 12/2/2024 07:24 by metis20
£30mn placing at a premium!

TORONTO, ONTARIO - 12 February 2024 - Amaroq Minerals Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic energy transition mineral assets in Southern Greenland, confirms, further to its announcement on 11 February 2024, its intention to conduct a placing and subscription of new common shares (“Common Shares”) to raise gross proceeds of approximately £30.0 million (equivalent to approximately C$51.0 million or ISK5.2 billion) (the “Fundraising”) at a price of 74 pence (C$1.25, ISK127) per new Common Share (the “Placing Price”), with the net proceeds being used to accelerate development and exploration activities.

As announced on 11 February, the Company has already received indications of interest from investors in excess of £30.0 million at the Placing Price.
Posted at 26/11/2023 19:52 by loganair
Looking back over the past few months...

But first, to finances. AMRQ now seems very well funded, with the gold business holding working capital of $41 million at the end of June. And it held $46.7 million at the end of March, implying a monthly cash burn of just under $2 million. In the strategic minerals business, the company has $29.3 million of liquidity, after completing the GCAM JV in April.

On 1 September, AMRQ also secured the March-proposed $50.9 million senior secured debt funding package - The interest terms of the funding do not appear too onerous — with the proceeds to be ‘used to fund the transition of the Company’s Nalunaq mining licence from a bulk sample trial mining development plan to staged, full scale production of gold doré on site by bringing forward construction of a processing plant and associated infrastructure.̵7;

Q2 operational highlights - Importantly, the company highlighted that ‘the project is progressing on budget and to schedule.


By mid 2024 expecting trail mining and processing of gold to bring in initial cash flow.
Early 2025 Full mine reopening.


The Bottom Line:

Amaroq is funded. The company is on target to achieve first gold production at an exceptionally prospective resource next year, and even after the share price rise, the company is looking cheap. In an era of high interest rates and falling liquidity, it’s sourced favourable funding from key players — and it’s staffed by some of the best names in the industry.

Like so many of the best opportunities in the gold space, the London market is seemingly asleep to the opportunity.

But with the Icelandic investors now on board, Q1 2024 mining trial, masses of exploratory results to come in the near future, and first production targeted for H2 2024, this might not last long.
Amaroq Minerals share price data is direct from the London Stock Exchange

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