Greenroc Mining Share Discussion Threads

[bobdown2] 01/12/2021 14:13

Someone has sold and bought back.
Isa. For the longer term

[bill hickman] 01/12/2021 08:54

Decided to take a few of these today. Buys being listed as sells.

[bobdown2] 28/11/2021 14:53

4545. Profile and filtered.

[bobdown2] 25/11/2021 11:13

Great price but the selling continues. Make a mental note of this share price it will be a level of one type or another when the share price does move.

[ryanrhys] 23/11/2021 09:55

I see Greenland is kicking out companies that don't develop their liscences.... Hopefully GreenRoc gets kicked out too. Nine years GF has held graphite, over five ilmenite and has done nothing at either of them.

This timeframe qualifies the Greenland government to pull the plug on them now.

1) GreenRoc didn't sell much of its shares through IPO seeing a massive drop.

2) They haven't done a single bit of development just drill and talk rubbish about markets that are passing them by.

3) GreenRoc is now obviously a complete failure, Brokers might pull the plug on offerings l.

4) This looks like it could crash out all the way down to say 0.01 even lower. There's no value here!?

[ryanrhys] 22/11/2021 13:32

Market games, no one bought or sold those shares.

As to GreenRoc it's pretty much over for the company, wouldn't like to be the broker holding the majority that's for sure....!?

[dave4545] 22/11/2021 11:19

250k available at 6.53p

250k was sold on Friday at 6.2p miles below the 6.5p bid at the time

[ryanrhys] 22/11/2021 11:08

The spinoff failed, the price has crashed and will a lot more.

There's no positives here it's game over a complete failure. The plug will get pulled when it falls more!?

[bobdown2] 22/11/2021 10:07

News from alba this morning is extremely promising that add other minerals into the mix.
Both mines look good and both now look extremely positive. At the moment I only hold alba but I have already posted that the groc ipo has created a buying opportunity here
A 30% discount to the ipo price.

[sicilian_kan] 22/11/2021 08:09

I bought just over £15k here on Friday, at rock bottom prices. It is way, way oversold and close to cash levels for a high grade project in a safe jurisdiction in a hot sector. I think we are at the bottom but if it goes lower I will add.

[ryanrhys] 22/11/2021 06:08

GreenRoc - Has become a total failure, not only has it dropped almost 40% in the short time it's been listed but it looks to want to drop much much much more probably crashing out like these Alba shares.

I did warn that it wouldn't sell and it's value plummet, this now the reality, and that these assets had no interest from the wider market meaning they will stay barren patches of unwanted land for decades to come.

Greenland is not very attractive due to it being in the middle of nowhere and having little if not no infastructure to support big mines let alone small.

Alba - Clogau has become an abstract failure, they say there's massive lodes', twenty gold targets and waste pits full of riches but after four years and a fully functional wash plant they have produced nothing, not even a gram.

It seemed after big promises to run the wash plant and high grade concentrate that proof was not to appear and as such almost all have sold out seeing over 70% loss in share price.

Cash & Assets - Alba hold less than a million, most of that already gone on wages and previous studies. Greenroc shares are now worthless and there's no buyers whilst it's only other asset Limerick is a dead dog zero value asset.

This now leaves a total mess of a situation, if Alba collapses it has no assets worth anything from liscence to shares in GreenRoc. Greenroc has a small balance of maybe £4million but without interest this will be gone on wages and studies within two years.

My suspicion is that GreenRoc will become the new vehicle and Alba left to fail, this is the only company left which can afford to pay a wage but since it's.value is being stripped to nothing once it's cash has gone it will be in a terrible position unable to raise cash or proceed.

I guess for investors the gigs up, none will make a single penny and all will loose most of what they put in. There will be no bounce as simplistic rampers like to quote only downward losses continuing to deplete both your cash and the company.

GAME OVER!?

[dave4545] 19/11/2021 20:21

I actually did listen to you Ryan even though you were a stranger on here so to speak and I took the hit. But atm that seems the right move as I can buyback way cheaper.

I do think there will be a nice bounce trade in this but every day there's big sales lower and lower and way below the bid price

So watching for now

[dave4545] 19/11/2021 14:48

6.595p now

[dave4545] 19/11/2021 13:49

6.8p to buy now

Very hard to guess where the bottom is with this overhang

[ryanrhys] 19/11/2021 12:33

The price hasn't dropped because a few have sold minor amounts, it's dropped because it didn't sell its quota or even anywhere close.

Says it's now down to 7.30, it will drop much lower, if you do the maths it's probably going to even out at 4.0 unless you find some serious buyers in the next couple of months!?

I did warn you it undersold, I did warn you no one would make a penny here and I did say that no one who is anyone has any interest in developing Alba's old Greenland assets which is why the failed in the first place!?

[bobdown2] 17/11/2021 10:56

One would expect lpo placings to be at levels where there was more than an element of value for the investees.
...those that invested at 10 pence must be annoyed to see an investor selling and taking down the value of their investment as well.
Maybe the best way to accumulate a holding is only to buy small amounts on bad days in the market when the price is lower.
This looks to be a very valuable asset being built but the company is in its infancy.

[ryanrhys] 16/11/2021 19:59

7.5 and dropping more, I'd hold of that buy and world class would mean It got interest and developed not sat there unwanted and with no development bobdown you tithead!?

[hedgehog 100] 15/11/2021 17:50

Thanks to Bob for these useful new posts on the ALBA thread -

bobdown2 14 Nov '21 - 11:53 - 11683 of 11692 0 2 0
"News from groc in the comming weeks. This is handy whilst alba try to install some common sense into the current situation.
Part of the greenroc asset grew by 30% and it is a world class asset. But this has changed my view. Instead of alba leading its share price up, it now looks like it will be its greenroc stake.
We need some more buying to clear the seller from the ipo. But the seller has created a 20% discount from the ipo price.
As posted before the greenroc ipo price is the same as albas,s market cap. Poor value for an asset that has just increased its potential worth."

bobdown2 15 Nov '21 - 11:46 - 11688 of 11692 0 1 0
"Dyor. Do your own research. The bid is creeping up and buys are out weighing sells. That does not mean the share price will rise but it does reflect sentiment. I think this is the absolute bottom.
V.i.y.s. view it yourself."

[hedgehog 100] 15/11/2021 17:27

GROC's two flagship projects (Amitsoq-Kalaaq, and Thule Black Sands) are in advanced exploration stage: one has a resource, expected to be significantly increased shortly from the drilling this summer, and another is expected to establish a maiden resource from the drilling this summer.
I.e. two value-enhancing events which are imminent.
And after results from the recent drilling are received, GROC is to begin economic assessment of these projects.

In addition, GROC's Melville Bay project is medium exploration stage, but does already have a MRE (mineral resource estimate).