Greenroc Mining Share Discussion Threads

[luffness] 21/6/2022 16:58

Eg permafrost and walrus or is it narwhal poulations

[sicilian_kan] 21/6/2022 13:39

Re your first paragraph - where is your evidence of this, do you have any?

[luffness] 21/6/2022 09:59

CoCM you are right Thule has enviromental and geographic issues which JAY just dont have - which is why JAY walked away from the Thule licence.

You are also correct on timescales - GROC are probably 5-10 years away from any production - assuming they ever get there

Lots of fund raising before then and very likely many opportunities to get in lower if you really want to...

[sicilian_kan] 16/6/2022 09:58

TCMC, Blujay's Dundas Project, which is next door to Greenroc's Thule Black Sands, has been granted all political permits necessary.

These include the Exploitation Licence, Environmental & Social Impact Assessment, Exploitation & Closure Plan, an Impact Benefit Agreement approved by the Government of Greenland and the municipality of North-West Greenland, Avannaata Kommunia.

All granted.

[the count of monte_cristo] 15/6/2022 14:38

How likely and realistic is it that they will be allowed to mine the black sands? Seems like it could be a difficult one to get approval for and that this project may take longer than people expect. Just looking at the pictures and location it would seem that there maybe obstacles for this mine. The Graphite mine seems much more viable.

Europe needs all of these mines, but they don't want them in their backyards. Better they export the so called pollution and eyesores to Africa. Europe really needs to wake up. It's one thing which puts me off some of the European explorers, because you just know that even if the grades are their that some of these companies will never get a mine going.

[bobdown2] 15/6/2022 12:31

There has not been enough volume to acquire over 1 million shares. Hopefully someone has sold the remainder of their holding.
A holding of over 5% does take some of the liquidity out of the market though.

[luffness] 14/6/2022 15:03

"But my key takeaway from this year is that Greenroc has not yet broken a single one of its targets for this year "

Well not surprising as all targets were given as 0-12 months or 12-24 months....

[jwoolley] 14/6/2022 13:31

As stated above....."Just my thoughts...."

A fund raise is a given. They will need more funds soon as they start to run low.

Any news that comes out on a positive side, any company would hope that would increase the share price, especially if they know they are going to need more funds soon.

I will say again....Just my thoughts.

[sicilian_kan] 14/6/2022 12:52

Exploration target upgrades are not issued to increase the share price for the fund raise due later this year. They are issued because the likely resource has grown in size due to the successful drill campaigns and other work, which is reportable to the market.

We are also likely to get the Black Sands drill results upgrade very, very soon.

Yes there will be a fundraise later this year - the 2023 campaigns need to be funded. But my key takeaway from this year is that Greenroc has not yet broken a single one of its targets for this year and there have been some positive surprises along the way too. I have more faith in the company now than when I first invested at the time of the the IPO last year and I have been increasing my holding at these low levels.

At some point, the market will get this company and it will come good. It is dealing in an excellent resource, in two critical global needs. Right place, right time and as I say, a company that generally does what it says it will do. All very promising and I would be staggered if we were anywhere near current prices in 12 months time.

[bobdown2] 14/6/2022 12:50

They are looking to prove the asset and possible joint venture. A fund raise is not a given yet.

[jwoolley] 14/6/2022 12:25

Any news coming out now I feel is to increase the share price for the probable fund raise around September time. Just my thoughts and still happy to sit on the fence whilst waiting for this to happen.

[bobdown2] 14/6/2022 11:15

The lack of posts here show the lack of interest. Mostly brought about by the continuous unloading of the ipo shares at what looks to be at losses.
How ever the recent rns statements as highlighted in the above post shows the potential here.
There are not many shares issued and the share price will rise quickly once the ipo has gone. The rising share price should then push alba up.

[sicilian_kan] 13/5/2022 09:14

The Exploration Target[1] has increased from a tonnage range of 1.7 Mt-4.5 Mt at a grade range of 24-36% Graphitic Carbon ('Cg') (as announced by Alba Mineral Resources plc on 7 May 2021) to a tonnage range of 5-15 Mt at a grade range of 18-22% Cg.

The long and short of it is that they have more than doubled the target graphite in the ground at world leading grades. At the lowest end they have gone from 0.408MT to 0.9MT, 2.2x the last Exploration target. You see this by taking 1.7MT x 24% [0.408] and comparing it to the new lowest target of 5MT x 18% [0.9]

[ryanrhys] 10/5/2022 05:21

The share was issued at 11p to buy, Kirk has left due to disagreement, since issue it's lost almost half it value, it badly undersold meaning in lacks the initial cash it wanted and after wages barely half of that.

Recently it's fallen more and the share chat shows two things -

There's barely any Investors.

This has failed badly!

[ryanrhys] 09/5/2022 07:51

No one is here or reads what you say. The company barely had a handful of investors and the broker threatening to pull the plug.

Yep more news is destined to come if they can't sort this mess out.

[bobdown2] 09/5/2022 07:37

The interesting part here is right at the end about more news in the comming Days.

[ryanrhys] 09/5/2022 07:34

Kirk's quit because this undersold so badly and he and GF kept fighting.

Sorry am I on the right timezone for you!? Seems like I'm the only one since not one comment in weeks lolol!?

What a scam and failure, Good riddance to Kirk can he take GF and the rest of the board maybe flip the sign to closed and repay all the investors they ripped of with this lifestyle scam!?

[birchin] 05/5/2022 06:30

Trouble sleeping Ryan? Or are you in a different time zone?

[ryanrhys] 05/5/2022 05:55

What a scam failed company, no one chats because there's barely a handful of investors.

It badly undersold and fast track means slow, fat wages and more failure.

What a scam!?

[bobdown2] 21/4/2022 10:55

It's strange when 450k of shares add virtually nothing to the share action.
Lots of different valuable minerals in Greenland.
Rns due in the next 6 months.

[bobdown2] 21/4/2022 08:18

Ryan filtered.
Boring old fart.



Moving on. Yesterday there were 2 150k buys. If you check todays trades there is another 150k trade after 18.00. That is 450k,s worth of buys for the day. I paid 6.95 for my 10.000 and that is what was paid for the 3rd tranche. But where are these shares comming from that fill these large buys.
All will be revealed in the second quarter when there is a Greenland update due.
But it looks like the original placing shares are being taken up by a knowledgeable investor.
The seller? That took place in the original funding may shortly be gone. It definitely needs following because of the low share price and the value of the assets that are being proved up.

[ryanrhys] 20/4/2022 18:47

Sells outnumbered buys everyday for months, suggest your talking rubbish and the unsold shares just gets bigger and bigger leading to more drops.

There's no news coming, again your a total lying scum ramper trying to sucker new investors into this failure.

Greenland has hundreds of similar plots, the world plentiful reserves and no one is interested in you of even values these above worthless hence Jorc valuation are not independent assessments but merely your lies since no one in the market values these as anything.

Greenland just isn't a mining country and GF simply ramps tat and useless assets for fat wage packets. Your investments are his lifestyle there's ever going to be any developments and it's been over ten years him holding these with zero anything or interest!?

Absolute failures!?

[bobdown2] 20/4/2022 13:09

10k at 6.95p
I would imagine that it will start to get difficult to buy. 300k,s worth of buys plus my 30k will eat into any placing shares that are still available. Results from Greenland could be at any time now with those 2 large buys. There have been some larger than normal buys in the lead up to today.
Dyor research on groc and watch the trades.
Filter is not an option on here it's a must.