Greenroc Strategic Mater... Share Discussion Threads

[bobdown2] 11/8/2022 09:09

Two rns statements due. One within days and the other in september. Last years 249 hole drill could increase the resource 10 fold.
I'm expecting lots of companies will want exposure to Greenland. One part is world class. And the new licence area could enhance the fields.
And the seller from the ipo seems to have finished. Just need some buying to find out. The low amount of shares and low liquidity could bring a higher share price with the next 2 rns statements.

[the count of monte_cristo] 11/8/2022 08:56

....but hopefully done at a significantly higher price than where the share price currently is.

[sicilian_kan] 10/8/2022 08:31

Good to see the results today and that there was cash of £1.8m at the start of June. We always knew the funding from the IPO was to cover the 2022 work programme and they are on target to achieve that. Funds will be needed for the 2023 work programme and will inevitably be raised this year. But that is why they are on the stock market.
With over 70% of the company owned by either Alba or Kadupul Limited, who will need to invest in the placing to maintain their stakes, the prospects of a successful placing are high.

[bobdown2] 04/8/2022 16:12

Previous share rises have been stymied by the background seller. No selling today though after yesterdays heavy volume sells. Let's see the drill results.

[bill hickman] 04/8/2022 10:43

Yep so far so good and a few more buys.

[bobdown2] 04/8/2022 09:06

So far so good. One buy above the price I paid yesterday. Fingers crossed that the seller exited yesterday.

[bobdown2] 03/8/2022 16:41

No sells into the close
. Tomorrow may be the acid test. If the seller is gone there should not be any sells at these levels. Even the one who bought the recent stake has not bought at these prices.

[bobdown2] 03/8/2022 15:54

It will probrably need a few days without sells to clear todays sells and to see the end of the seller. There is around 400k of sells at the bottom of its range. Not many at all..

[bobdown2] 03/8/2022 14:59

The selling has been there for months and has held the price down at these levels. If there was to be a fund raise then they would do it after the drill results that are due. I think it is the end of the seller
One large 400k. 4 x10k,s and a 25k.
I think a placing would look different.

[bill hickman] 03/8/2022 13:27

They have surely not burnt through all that cash yet so I wouldn't have thought a funding is due in the near term.

[bill hickman] 03/8/2022 13:21

Selling today does look rather ominous but I hope those concerns are unfounded.

[jwoolley] 03/8/2022 13:21

It is more likely be someone realising the price will probably be cheaper in September should they do the next fund raise then. Maybe the 249 drill report will help but I have a feeling this will probably be delayed??

[bobdown2] 03/8/2022 13:03

465k of shares sold.. people have been querying my mention of the ipo shares that wre issued at ten pence but some look to have been issued at a lower price.
Could it be that someone has just dumped the last of his / her holding. This could be the ideal time to buy. Its half the ipo price with the drill results days away.

[bobdown2] 03/8/2022 08:20

Where is that 249 hole drill report.
The proving of assets which have increased every time will at some stage be put into the share price.
Any increase in the already substantial mineral plays could bring a joint venture allot closer.

[bill hickman] 01/8/2022 21:05

The share price fall from 10p in a year has been quite dramatic. Surely the float price of 10p should have been been based on a detailed consideration of the assets and potential this company holds and has.

They might be some way off producing anything but have some potentially very valuable assets. I thought a great entry price.

[bill hickman] 01/8/2022 14:15

Looks to have been totally oversold in my opinion.

[sicilian_kan] 28/7/2022 13:20

Agreed, and the rns said early August. I’m expecting next week.

[bobdown2] 28/7/2022 10:46

Next months rns should create some interest. Hoperully there will be something forward looking in it.

[bobdown2] 26/7/2022 13:50

News soon. A 249 hole drill result from last year. I get the impression that although the share offer was at 10p last year some may have got some cheaper. Once cleared these will fly.
Yea well. Rerate anyway.

[bobdown2] 07/7/2022 14:35

Check profile

[orcaattack] 07/7/2022 03:14

At TBS if you look at the average drill depth, and spatial area drilled, you understand why the resource is delayed.

I can't see how they'll have enough tons to start feasibility studies.

[sicilian_kan] 06/7/2022 09:09

Great to see GROC yet again meeting expectations. They were due to start the Year 2 baseline studies this summer and have done so.