Bagged myself 205,000 shares earlier, but it was really difficult to get them and I had to do it in 4 trades. Once I bought the max I could get outside of an NT trade, that being 100,000, the max dropped to 50,000 then 25,000, but managed to get 30,000 on my final trade..I'd have bought more but it was getting silly only being offered 25k trades, I'd have been at it for ages..Roll on the re-rating, mining and electrode plant, I don't mind the waiting for the huge upside in the long run. |
Talking anode plants and billions for a mine.....
Back down this share price goes! |
I would concentrate your investment minds on a longer term target price based on the proposed Anode Plant for which GROC has advised us:."Total gross revenue of USD6.5Bn over the 22-year period, with total gross profit totalling USD2.7Bn.".USD2.7bn / 22 years is USD122,727,272 per annum gross profit..If we said the net profit was say half that, USD60m, at a P/E of 10 it would make GROC worth USD600m or GBP470m at today's exchange rate..If GROC can get project funding without dilution, as it is trying to do, that would give us a share price of 470m / 194.88m = GBP2.41, over 100x the current ASK price..People often wish they could get in at the bottom of a stock that goes up exponentially. Well, here's one that has a good chance of doing so over the next year or two. |
Worth watchinghttps://youtu.be/W7W02zBaFmo?si=H8c30nPFp9pq4YSH. |
For a company that's only valued right now at GBP3.9m, it's planned Anode Plant is worth "total gross profit totalling US$2.7Bn." on top of the revenue the mine makes. |
Ummm grade is pretty irrelevant in the graphite market...
Alba has high grade so what, a mine with much lower grades but larger size will still produce ten times the high grade Groc could!
Isn't it about time you understood the ACTUAL graphite market, then you'll see the reason why much lower grades get investment and Groc gets nothing!
Oh dear me best learn before you act like you know! |
Many thanks for that haggis, good day so far with QED, we seem to have a "similar taste" in stocks. If you're not in APTA, have a gander, long cash runway and many exciting opportunities with blue chips. There's a Webinar next week, 12th Dec at 6.00 p.m. You can see it after the event here. I'm up to my neck in GROC, QED and APTA. Happy days! |
Graphite Market worth $36.40 billion by 2030.hTTps://finance.yahoo.com/news/graphite-market-worth-36-40-110000534.html. |
It's not under the radar it's well known from previous exploration and companies.
It's a poor choice compared to all the other yet to be and being developed assets. In fact we have more than enough for the next decade with some countries looking to supply upto %50 globally very soon.
I'm sure the MOU is more subsidiary based i.e. when you actually get the hundreds of millions to mine and make a factory.....
Let's break that down into simple language - you need to flip this asset fast but I don't see you doing that.
Another poor attempt at funding or are they going to ditch Groc for Norway and investors there helping them start on a new chain not actually mining.
The market took no interest so one can only assume this isn't of any unfortunately.
I feel the next raise is long overdue, raise incoming! |
This is so under the radar. |
Brilliant news! Will obviously become a binding agreement, you can easily glean that from the RNS. |
Let's talk about the next raise fast incoming, been checking spends and finances for them thinking can scalp an extra %20 since every raise destroys the share price ....
Thoughts on next raise anyone!? |
Yer all the companies who got that UK grant were invited it's not about Groc is it despite how the RNS words it.
Another pointless conference, these guys get more for themselves than the company, free holiday, free networking themselves to other companies.... Where I suppose Alba found their new assets when they drop Clogau at a similar European conference.
How many of these conference companies get real funding.... Barely any....
Groc just a conference company graphite is going nowhere. |
GROC are at General Motors in Detroit today |
Africa to supply %50 of the worlds graphite next year .....
What hold does china have and the market is super saturated they even held of production to help prices morons!
No shortage and all have enough mines and supplies for decades especially Africa which whilst you've been begging for investment it got in the billions lolololol
Poor Groc no one wanted it! |
I see you are still market abusing Honfacifi, nothing good to say about GROC or ALBA, how are the Indian slums, how much commission have you earned from your Boiler Room operation this month.
In the meantime sensible individuals will be buying GROC so you had better tell your masters to close their short positions because when to news comes the shares will rocket. |
 But Africa is fast becoming a major supplier to America and that's not including Canada and S American suppliers yet. Africa can supply quickly upto %50 of the worlds graphite with ease and looking to be on target to. These are graphite producing countries with exponentially more than you ever have plus ten mines not one patch of undeveloped rock.
You've been passed over again and there's so many mines and supplies most have scaled back to keep prices more bouyant.
How about some real world graphite appraisal not the ramblings of some pi hoping Greenland finally gets any interest.
Most car manufacturers and battery companies have already secured more than enough for the next couple of decades and seems you want to hide the real facts and market from investors.
Greenland has no infrastructure, mining experience or experienced staff, cost ten times that if other countries to mine and is quite pitiful in comparison to all the other countries which are presently producing far too much and have another fifty mines coming online in the next few short years!
If anything the graphite bubble burst now other more rare things like cobalt take centre stage and we see another bubble forming that potentially new tech or some silicone breakthrough will burst next (possibly analysts aren't betting on it yet).
Real world real talk not this ramp fantastic rubbish, if you were right you would have been bought or free carried for fifty million already as is happening in what fifty other assets....
We don't even need Greenland graphite now lol |
That's going to be an immediate big boost for any suppliers of those materials outside of China, but is also a boost for non-producers like GROC because the World needs to invest heavily in any and all resources outside of China in order to take back control of supply chains from China.
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The USA EXIM bank funding is a great example of USA trying to get supplies up and running from outside of China. This is no doubt what has attracted GM to invite GROC to present "the participating companies were specifically picked by GM".
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"GreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce the receipt of a Letter of Interest ("LOI") from the Export-Import Bank of the United States ("US EXIM Bank"). US EXIM Bank is the official export credit agency of the United States, an independent Executive Branch agency with a mission of supporting American jobs by facilitating the export of US goods and services."
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"In the LOI, US EXIM Bank indicates its willingness to consider financing GreenRoc for up to US$3.5M of US export contracts relating to goods and services ordered by the Company. Such contracts could relate to the conduct of Pre- or Definitive Feasibility Studies ("PFS" and "DFS" respectively) for GreenRoc's Amitsoq Graphite Mine in South Greenland and/or a DFS of the Graphite Active Anode Processing Plant, which funding would fall within US EXIM Bank's Engineering Multiplier Program. Another contract which could be eligible for US EXIM Bank financing relates to the processing of large graphite bulk samples by US-based contractors."
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"About the US Inflation Reduction Act and graphite"
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From 2025 no 'anode on foil' (battery anodes produced with graphite) product can come from a 'Foreign entity of concern' which includes China, and from 2026 no graphite in any form can come from a 'Foreign entity of concern'."
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"This LOI from US EXIM Bank represents a strong show of support for our Amitsoq project from one of the key financing bodies of the US Government involved in the roll-out of loans and other funding support under the US Inflation Reduction Act to entities, like Greenroc, which are developing projects which will deliver critical raw materials to Western economies."
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"With the US Inflation Reduction Act's rules of origin in relation to graphite set to be implemented in the near future, we expect to see increased interest from US industries in securing friendly sources of graphite, and so this LOI from US EXIM Bank is timely."
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"The Company will be participating in a trade mission to General Motors Company ("GM") during 18-20 November 2024" |
LAULY LI and CHENG TING-FANG, Nikkei Asia tech correspondents
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November 16, 2024 01:01 JST
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TAIPEI -- China plans to tighten export controls on key "dual-use" technologies and items in two weeks, including raw materials and metals such as tungsten, graphite, magnesium and aluminum alloys used commonly in tech supply chains.
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China's Commerce Ministry unveiled detailed specifications of dual-use technologies and items -- used for both civilian and military purposes -- that will fall under the country's export controls. The rules take effect on Dec. 1.
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The move comes right after former U.S. President Donald Trump's victory in the presidential election.
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Materials such as graphite, aluminum alloys and titanium alloys that are widely used in making electronics products are on the list and will be under export controls if their specifications meet China's new rules. The new controls also include tungsten and magnesium alloys that meet certain specifications.
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For example, exporters of aluminum alloys with extreme elasticity and an outer diameter larger than 75 millimeters will have to apply for an export license from the Commerce Ministry, the official dual-use list showed.
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China controls more than 80% of the extraction and processing of global tungsten supply, along with around 90% of global magnesium production, according to a European Union estimate on global critical materials supplies.
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All of these critical metals not only are used widely in the electronics supply chain, but also are indispensable to build defense equipment, weapons, aviation and spacecraft.
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The export control list also covers certain testing and production equipment, such as analog-to-digital converters that can operate in temperatures ranging from 125 C down to minus 54 C, and lithium isotope separation facility and production equipment.
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Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker, recently notified some Chinese AI and graphics processing units clients to put on hold production for their 7-nanometer chips. The Taiwanese chipmaker is strengthening scrutiny to avoid running afoul of Washington's stringent export controls against blacklisted Chinese companies, such as Huawei Technologies.
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China has been tightening export controls on critical materials such as gallium, germanium, rare earths and antimony as countermoves to battle sweeping U.S. export controls on advanced semiconductor and artificial intelligence technologies.
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This is the link to the article:
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It's not going to need long term to make a fortune here IMVHO as the assets are worth a fortune whilst the market cap is peanuts, this needs a market correction not a flow of news, and that market correction could come any day.
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Also, the company is in a hurry, so no need to think long term.
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"GreenRoc looks to fast-track the development of Amitsoq into a producing mine in the shortest possible timeframe" |
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