Greenroc Strategic Mater... Share Discussion Threads

[ryanrhys] 06/10/2021 20:45

Because no one believes or wants these sham shares made up by Alba who couldn't afford the expected operational expenditure.

They will trade down for a very long time to zero and the inevitable.

Greenland might hold a wealth of minerals but no one is flocking there and especially with graphite many £60million to £100 million mines have sprung up around real infrastructure saturating the market for many years to come and a tiny plot in the middle of nowhere is the last thing any company wants.

Clearly after eight years of no interest and no development from Alba the same trend is continuing and for that reason GreenRoc has failed and us doomed to fall constantly to its real value which will end up well under a million from the eleven Alba seemed to crazily value it at.

Don't believe me just watch the share price for proof, %20 drop by now means serious troubles and underwiters bailing out although with no one to sell to the price crashes.

Sell out if you can my advice, is there even interest for you sell or even any buyers in the market!? You might be stuck with the massive loss unable to unload.

[dave4545] 05/10/2021 18:30

I bought some at 10p

But ever since it's been well offered at bid prices and even today the mm's or one mm cannot give them away, most of the trades just below the bid are actually buys.

Pretty sure it closed 8.48p offer

I like overhang plays but you never expect one to be this bad right after a floatation

[hedgehog 100] 05/10/2021 15:23

In terms of its aftermarket performance, this new issue is likely to be 'the next GCAT': that was another mining sector new issue raising about £5M. (at a penny) about a month ago: as often happens at floats, there was a brief initial dip while the initial selling was absorbed, and it then took off. Currently 1.575p, i.e. up 57.5% from the placing price in barely a month, despite initially having fallen to a discount to the placing price.

The world needs a lot more graphite, and GROC can help to provide it.
It's Amitsoq Graphite Project in southern Greenland is very accessible, right on the coast, and close to a port and airport.
The latitude is similar to northern Scotland, and it's ideally positioned between America and Europe.
I would certainly prefer it to Uganda for e.g. where Blencowe Resources (BRES) has its graphite project.
Moreover, Amitsoq is an exceptionally high-grade flake graphite project.

It looks to me to be a quite exceptional opportunity, and with plenty of good newsflow in the offing I fully expect this to multibag in the medium term.

Caracal Gold (GCAT):

[hedgehog 100] 04/10/2021 10:10

"High-Grade Ilmenite on the Coastline of North-West Greenland

Thule Black Sands, Greenland

GreenRoc’s wholly-owned subsidiary White Eagle Resources Limited (“White Eagle”) is the owner and operator of the Thule Black Sands (“TBS”) heavy mineral sands project on the Steensby Land peninsular in north-west Greenland.

An extensive surface drilling campaign in 2018 led to White Eagle declaring a maiden Mineral Resource estimate for TBS. The completion of a follow-up drilling programme in the summer of 2021 is expected to lead to a significant increase in that Mineral Resource estimate."

[hedgehog 100] 04/10/2021 09:53

"An Exceptionally High-Grade Flake Graphite Project in Southern Greenland

Amitsoq Graphite, Greenland

The Amitsoq Graphite Project is located in the Nanortalik region of southern Greenland. The Project is owned and operated by GreenRoc’s wholly owned subsidiary, Obsidian Mining Limited (“Obsidian”), under Mineral Exploration Licence 2013-06.

Successive field seasons at Amitsoq have confirmed the presence of two high-grade flake graphite deposits on Amitsoq Island and at the new Kalaaq mainland discovery. With average grades of 28.7% and 25.6% TGC content respectively, Amitsoq and Kalaaq are two of the highest-graded graphite deposits in the world.

In the summer of 2021, GreenRoc completed a maiden diamond core drilling programme at Amitsoq, with the aim of establishing a maiden Mineral Resource there."

[hedgehog 100] 04/10/2021 09:36

"GreenRoc

Alba owns an effective 54% interest in GreenRoc Mining Plc, which is inclusive of its four projects located in the stable jurisdiction of Greenland. All Greenlandic assets were acquired from Alba in September 2021.

GreenRoc owns and operates a portfolio of high-grade mining projects in the mining-supportive jurisdiction of Greenland, which includes: Thule Black Sands Ilmenite Project, Amitsoq Graphite Project, Melville Bay Iron Project, and Inglefield Mutli-Element Project.

GreenRoc’s portfolio has a particular focus on graphite and titanium, which have been designated as critical minerals by the EU and USA. The demand for graphite is forecasted to increase by 2,500%, driven by its use in the fast growing EV sector.

GreenRoc’s strategy is focused on fast-tracking exploration to significantly add to the inherent value of its assets and move towards development, with a particular focus on its two priority assets: the Amitsog Graphite Project and the Thule Black Sands Ilmenite Project. 12-month work programmes have been planned to begin commercial production at one or both of the projects in the near future."

[hedgehog 100] 04/10/2021 08:50

"Greenland-focused Greenroc Mining IPOs on the AIM

MINING.COM Staff Writer | September 27, 2021 | 11:16 am Battery Metals Markets Europe Graphite Specialty Minerals

On Monday, the ordinary shares of GreenRoc Mining (AIM: GROC) started trading on London’s junior AIM platform. The explorer seeks to capitalize on the growing demand for critical minerals its stable of Greenland assets could produce.

The company was created to buy the spun-out assets of Alba Mineral Resources (AIM: ALBA).

GreenRoc raised £5.1 million ($6.9 million). It issued 111.2 million shares at 10p each, implying a market capitalization of £11.1 million ($15.2 million).

GreenRoc’s assets include the Thule Black Sands ilmenite project, the Amitsoq graphite project (considered one of the highest-grade graphitic carbon projects in the world), the Melville Bay iron project and the Inglefield multi-element project.

Of particular focus for GreenRoc are the graphite and titanium markets, which are designated as critical minerals by the EU and the US. Company data suggests demand for graphite increasing by 2,500% by 2040, driven by the electric vehicles sector.

Alba will retain a 54% shareholding in the company.

“With today’s IPO, we can offer investors an opportunity to gain exposure to a diversified mix of high-grade commodities designated as critical minerals by the EU and the USA, in a jurisdiction which is both strategically located for multiple end-markets and which remains supportive of sustainable resource development,” CEO Kirk Adams said in the company’s first day of trading report.

According to Adams, the objective is to fast-track exploration supported by the newly topped-up treasury, add value to its core assets, and move them towards development. He said management was “carefully” planning a 12-month work program at the priority Amitsoz graphite and Thule ilmenite projects.

There is significant interest in Greenland currently, given the success of Bluejay Mining (LON: JAY) and the fact Jeff Bezos and Bill Gates are backing minerals exploration in Greenland.

MINING.COM reported early in August that KoBold Metals, a start-up supported by Gates and Bezos, has partnered with Britain’s Bluejay Mining to explore for critical materials used in electric vehicles in Greenland."

[hedgehog 100] 04/10/2021 08:35

"GreenRoc Mining encouraged by strong demand for critical minerals as it debuts on AIM

Proactive
12:04 Tue 28 Sep 2021

"GreenRoc's debut on AIM comes at a time when demand for critical minerals is increasing significantly. With today's IPO, we are able to offer investors an opportunity to gain exposure to a diversified mix of high-grade commodities designated as critical minerals by the EU and the USA," said CEO Kirk Adams

Shares in GreenRoc Mining PLC (AIM:GROC) were unchanged at 10p on the company's first day of trading on the AIM-market of the London Stock Exchange.

GreenRoc which is focused on the development of mining projects in Greenland, raised £5.12mln through a 10p per share placing in connection with the listing.

GreenRoc has acquired a portfolio of 100% owned projects in Greenland from Alba Mineral Resources PLC (AIM:ALBA), including the Amitsoq graphite project, the Thule Black Sands iIlmenite project, Melville Bay iron project and the Inglefield multi-element project.

Graphite and titanium are both designated as critical minerals by the EU and the US and demand for graphite is forecast to increase by 2,500% by 2040, fuelled by the electric vehicle (EV) sector, GreenRoc said.

Kirk Adams, CEO of GreenRoc, commented: "GreenRoc's debut on AIM comes at a time when demand for critical minerals is increasing significantly. With today's IPO, we are able to offer investors an opportunity to gain exposure to a diversified mix of high-grade commodities designated as critical minerals by the EU and the USA, in a jurisdiction which is both strategically located for multiple end-markets and which is supportive of sustainable resource development.

"Our objective is to fast-track exploration, supported by our successful £5.12 million fundraising, to significantly add to the inherent value of our assets and move towards development. We are in excellent shape to do this, having just completed significant drilling programmes at our flagship assets, the Amitsoq and the Thule Black Sands Projects, and now moving forward to planning and executing the next 12 months of exploration and development work.

“As such, the coming months will be punctuated with operational updates to drive investor interest and demonstrate the value of what we believe are outstanding assets.""

[hedgehog 100] 04/10/2021 08:27

"London Stock Exchange welcomes GreenRoc Mining plc to AIM

Posted: 01 October 2021 Share this page

GreenRoc Mining plc (GROC), the Greenland-focused mining explorer, began trading on Tuesday 28 September on London Stock Exchange’s AIM. The IPO raised £5.1 million with a total market capitalisation of £11.1 million on Admission.

The Company is working to become a key supplier of critical, high-demand, high-value minerals to fast-growing end markets, benefitting from long-term structural drivers such as the energy transition. It has four diverse mineral projects within its portfolio including its flagship Amitsoq Graphite Project – a high grade flake graphite project in Southern Greenland. A drilling programme was completed in the summer of 2021 targeting a maiden Mineral Resource, with the results due to be announced in Q4 2021.

GreenRoc’s other assets located in north-west Greenland include: the Thule Black Sands Project – a high-grade ilmenite project where extensive drilling and an MRE has already been completed; the Melville Bay Iron project; and the Inglefield Multi-Element Project, which is prospecting for copper, gold, cobalt and nickel mineralisation.

The members of the Company's Board have deep expertise in mining and mine development, considerable knowledge of Greenland and the Greenlandic mining sector, as well as expertise in corporate finance, legal and regulatory issues, ecology and the environment. Led by CEO Kirk Adams who is a graduate of Camborne School of Mines, the board also includes George Frangeskides (Non-Executive Chairman), who has over 25 years in the mining, legal and corporate advisory sectors in Australia and the United Kingdom and was highly instrumental in assembling GreenRoc's portfolio of assets. The board also comprises Jim Wynn (Finance Director), an experienced finance professional and ex-CFO of Rainbow Rare Earths; Mark Austin (Non-Executive Director) who has significant management and operational experience in a career spanning four decades across a range of commodities and is Alba's Chief Operating Officer and Senior Geologist; Lars Brünner (Non-Executive Director) an Environmental Consultant for more than 30 years, and previous Arctic Mining and Environment, Business Development Leader for Golder Associates A/S; and Mark Rachovides (Non-Executive Director) who is President of the European Association of Mining Industries, Metal Ores & Industrial Minerals, the recognised representative of the European Metals and Minerals Industry.

GreenRoc’s core aim is to leverage its deep management experience in Greenland and emerge as a key supplier of high demand critical minerals to dynamic European, North American and international markets."

[hedgehog 100] 01/10/2021 16:53

Closing share price 1st. October 2021: 9.35p
Market capitalisation: £10.4M.


"Fast-Tracking the Development of Critical Minerals Projects in Greenland"



28/09/2021 07:00 UKREG GreenRoc Mining PLC First Day of Dealings

"GreenRoc Mining Plc, a company focused on the development of mining projects in Greenland, is pleased to announce that at 08:00 today its ordinary shares will commence trading on AIM under the ticker GROC. As part of the process of Admission to trading on AIM ("Admission"), the Company has raised gross proceeds of GBP5.12m through the issue of 51,200,000 new ordinary shares of GBP0.001 each at a placing price of 10 pence per share, equating to a market capitalisation of GBP11.1 million on Admission.

Overview

-- GreenRoc intends to become a key supplier of critical, high-demand, high-value minerals to fast-growing end markets, benefitting from long-term structural drivers such as the transition to a zero carbon global energy sector

-- Portfolio of 100% owned projects in Greenland acquired from Alba Mineral Resources plc (AIM: ALBA) ("Alba") upon Admission (the "Greenland Projects"), namely:

o Amitsoq Graphite Project ("Amitsoq")

o Thule Black Sands Ilmenite Project ("Thule Black Sands" or "TBS")

o Melville Bay Iron Project ("Melville Bay")

o Inglefield Multi-Element Project ("Inglefield")

-- Graphite and titanium focus which are both designated as critical minerals by the EU and the USA

o Demand for graphite is forecast to increase by 2,500% by 2040 - fuelled by the electric vehicle ("EV") sector

-- A proven management team with:

o An established track record of delivering value for shareholders

o Strong expertise in the stable and mining supportive jurisdiction of Greenland

o In depth knowledge of the disciplines required to fast-track the Greenland Projects

through to both development and production

Kirk Adams, CEO of GreenRoc, commented: "GreenRoc's debut on AIM comes at a time when demand for critical minerals is increasing significantly. With today's IPO, we are able to offer investors an opportunity to gain exposure to a diversified mix of high-grade commodities designated as critical minerals by the EU and the USA, in a jurisdiction which is both strategically located for multiple end-markets and which is supportive of sustainable resource development.

"Our objective is to fast-track exploration, supported by our successful GBP5.12 million fundraising, to significantly add to the inherent value of our assets and move towards development. We are in excellent shape to do this, having just completed significant drilling programmes at our flagship assets, the Amitsoq and the Thule Black Sands Projects, and now moving forward to planning and executing the next 12 months of exploration and development work. As such, the coming months will be punctuated with operational updates to drive investor interest and demonstrate the value of what we believe are outstanding assets." ..."




POTENTIAL IN-SITU VALUES:

• Amitsoq-Kalaaq graphite project: c. 10 million tonnes of ore x c. 30% grading = c. 3 million tonnes of graphite in-situ. x c. USS1,000/tonne = c. US$3Bn. in-situ.

• Thule Black Sands heavy mineral sands project: 185M. tonnes of ore x 8.5% ilmenite grading = 15.725M. tonnes ilmenite in-situ. x US$200/tonne = US$3.145Bn.

• Melville Bay iron project: c. 67M. tonnes of iron in-situ x US$100/tonne = c. US6.7Bn. in-situ.