 Greenland $bn rare earth mining case: centre right party won the election yesterday, which is probably the better outcome for miners. If the mining project re-commences I wonder how Burford remuneration gets triggered… a significant shareholding, a payment funded by a bond? It’s a long way before the mine produces a positive cash flow. Here’s the ETM statement:
Energy Transition Materials Statement on Greenland Elections
Energy Transition Minerals Ltd (ETM) notes the outcome of the recent parliamentary elections in Greenland, which saw the Demokraatit Party secure the most votes followed by the Naleraq, Siumut and IA parties. ETM’s understanding is that the parties will need to form a coalition in the coming weeks.
ETM congratulates the people of Greenland on the successful completion of their parliamentary elections. ETM will seek to establish a constructive working relationship with the new government after Coalition negotiations have been completed.
The Company looks forward to engaging with the new Government, to open a constructive dialogue and establish a positive path forward for the Kuannersuit Project that addresses community concerns while unlocking the enormous value of the Project for the benefit of Greenland.
Economic development is vital for realising the aspirations of the people of Greenland and the Kuannersuit Project has the potential to make a significant long-term contribution to the economy.
As it has throughout its tenure in Greenland, ETM remains non-partisan and apolitical in its approach, and remains committed to working positively and constructively with the Government in place to progress the Kuannersuit Project for the benefit of all stakeholders. |
well...:-) |
That did the trick, keep talking it up :) |
Yes great to see the directors loading up they know business in the USA is booming just need London to catch up!!!!! |
All aboard! Next stop: £20… |
Those management buys were made on the 6th and 7th of March when the share price was considerably higher than present. Good to see the scale of the value commitment. |
$17.5m of management buys. Makes a difference from the usual AIM £2,000 purchases |
Argentina:
President Javier Milei opened a meeting of Congress with a speech focused on the achievements of the first year of his administration. He said that the International Monetary Fund (IMF) deal will go to Congress in days, which will help allow for a freer foreign exchange (FX) regime.
Milei also proposed a broad fiscal reform of a mandatory zero-deficit budget for all states. He introduced a target to reduce public spending to 25% of GDP by 2027, and a reform to cut the number of national taxes by 90% to just six in total.
Milei celebrated that his government was able to put an end to pickets and roadblocks in a single year and reduce crime rates significantly in the country's most dangerous cities.
To keep advancing, Milei said the government will push for a reform to lower the age of crime responsibility, increase the penalties for every crime in the criminal code, and fill all the courts and prosecution offices, which are currently working with an overall vacancy rate of 40%..."
GLA |
This share price action since the results is starting to look decidedly manufactured. |
Just when I thought it was on its way to 20quid !!! |
Mr Market has no logic at times. Just got to stick with your beliefs and have patience. Value usually pays out in the long term. |
Even the results from dire management at rentokil (another holding unfortunately), haven't been punished as much as Burford - for what exactly? |
only if the funds distribution to the shareholders will be respectable imho
otherwise it will be short lived share price rise. just a spike |
When I am I just look at the 5 year Sp trend and see the direction of travel. Greenland and YPF are huge value cases. When YPF is finally agreed and a payment schedule in place the share price will then be a better reflection of the true value of the company. It's that old patience thing. |
I just wanted to vent. I am frustrated with the stock price. Nothing to contribute. Sorry. |
The elegant solution- if ETM/BUR win- is for Greenland / Denmark to pay compensation by allowing commercial exploitation of the resourc by ETM/ the US.
Win-win! |
Ditto with Petersen & Eton park with his mate Melei |
Let's hope Trump does not get involved! |
Beat me to it! |
Article on the Guardian today, detailing the ETM $11b mining claim against the Greenland government. Burford mentioned as the litigation finance partner. |
This year, Burford Capital – the world’s largest litigation-finance company – is backing a case against Greenland for the impact of a uranium mining ban that a mining company argues in effect ended its development of one of the world’s largest rare earth mineral deposits. If Greenland loses the case, it faces either allowing the mining to go ahead or paying as much as $11.5bn in compensation. |
Do a trump and if Argentina are made to pay up burford could take a chunk of their oil reserves maybe!!! |
Think they should increase the dividend somewhat showing confidence in the future? |
If it was to be bought out I expect a price of at least 30 pounds to force the board who are large shareholders to accept |
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