Greenroc Strategic Mater... Share Discussion Threads

[luffness] 31/10/2021 12:07

Almost as quick as losing 20% here

[hedgehog 100] 31/10/2021 11:11

luffness 20 Oct '21 - 18:23 - 21 of 32 0 1 0
"Assets that are probably a minimum of 10 years away - how many fund raises between now and then?"

luffness 29 Oct '21 - 19:10 - 28 of 32 0 1 0
"Just introducing an air of reality here - given the 10 bagger and mine is being fast tracked nonsense being spouted.
Happy to wager production is 5 to 10 years away and there will be plenty of opportunity to get in cheaper should one want to"

luffness 30 Oct '21 - 21:48 - 32 of 32 0 0 0
"So 5-10 years then and plenty of fund raising to do"


So Luffness, in the space of barely a week, has gone from 'minimum of 10 years' to '5 to 10 years'.

Perhaps he should change his username to 'Fluffiness'!

[luffness] 30/10/2021 22:48

So 5-10 years then and plenty of fund raising to do

[hedgehog 100] 30/10/2021 19:53

It won't necessarily be GROC itself who brings a mine or mines into production: they may sell it to a major, or JV with a major, retaining a minority stake.

But the timeline should certainly be faster than if the project or projects were not being fast-tracked.

It should also be faster than projects in less favourable jurisdictions, with less accessibility, higher costs, less desirable metals, smaller deposits, lower grades, and at an earlier stage of exploration.

And faster than when battery metals mining was in a bear market, rather than a bull market.

But I wouldn't want to put an exact estimate on it.

[luffness] 30/10/2021 16:54

Well let's turn it round - when do you thing they will have a mine in production?

[hedgehog 100] 30/10/2021 12:24

Luffness,

Fast-tracking projects is a particular mining strategy; one that is not suitable for all projects, and which may not be the selected strategy in any case.





I'd be happy to learn why you apparently think that GROC's two most advanced projects aren't suitable for a fast-track strategy.

[luffness] 29/10/2021 20:10

Just introducing an air of reality here - given the 10 bagger and mine is being fast tracked nonsense being spouted.Happy to wager production is 5 to 10 years away and there will be plenty of opportunity to get in cheaper should one want to

[hedgehog 100] 29/10/2021 18:00

I would add that I'm trying to 'GROK' where you're coming from, but I just don't get your negativity!

[hedgehog 100] 29/10/2021 17:55

Luffness,

I've been investing in mining shares for decades, and have just had a major winner in IRON (Ironveld).

A mining company can increase in value by multiples long ahead of production, as it passes important milestones, raising money at progressively higher prices.

Two of GROC's projects 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.
Do you disagree?

Then work will begin on economic assessment, which itself is a value-enhancing event, and can act as the basis for obtaining mine financing, or project sale.

So it's actually pretty advanced compared to many mining explo. companies, in a safe jurisdiction, and with the right metals at the right time.

What's not to like?


In addition, the fact that GROC is a spin-out is a major bull point, as spin-outs on average greatly outperform the market as a whole. -

"Mar 5, 2019,10:38am EST|4,108 views

Spin-Offs Outperforming The Market This Year

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You can beat the Street. At a time when many professional investors lament that the proliferation of ETFs and widespread use of screening techniques have made it harder to find bargains in the stock market, one simple investing approach continues to outperform: spin-offs.

Spin-offs have long been a fruitful investment area; a number of academic studies show that they historically have generated far better returns than the overall stock market. A spin-off occurs when a corporation issues stock in a subsidiary to its shareholders to create a new public company. A related corporate event is an IPO carve-out, through which a company sells the public a stake in a unit, while retaining the rest of the division. (Sometimes, the remainder is later distributed to shareholders).

The Bloomberg U.S. Spin-Off Index, composed of companies spun off from larger companies within the past three years, has outperformed the broader market by nine percentage points since the start of the year through Tuesday (February 26th). The 35 member index contains equities with a value over $1 billion that were spun-off from U.S. companies. ..."

[luffness] 29/10/2021 17:15

So still in exploration phase but fast tracking a mine apparentlyPeople here clueless about timescales, costs etc

[hedgehog 100] 29/10/2021 15:50

From GROC's AIM admission document, 22.9.21:

"3. GreenRoc Strategy

GreenRoc’s strategy is to develop mining projects in critical, high-demand and high-value minerals. The Directors believe that the suite of assets which GreenRoc is acquiring pursuant to the Acquisition Agreement fulfils these criteria.

In 2018, the US Department of the Interior published a list of 35 mineral commodities considered critical to the economic and national security of the United States. This list of critical minerals included graphite and titanium, the primary ore of which is ilmenite. In 2020, the European Commission (“EC”) published its latest ‘List of Critical Raw Materials’, using economic importance and supply risk as the key determinants of criticality. The 2020 list included graphite and titanium as critical raw materials. According to the EC, China provides 47% of the EU’s supply of natural graphite and 45% of its supply of titanium, highlighting the EU’s overdependence on Chinese supply.

These moves by two of the largest markets in the world, the US and the EU, support the Company’s strategy of seeking to fast-track the development of Amitsoq and Thule Black Sands. GreenRoc’s objective is to have at least one, if not both, of Amitsoq and Thule Black Sands firmly established as development projects within 12 months of Admission. In the next 12 months, the Company’s objective will be to commence work on the environmental and social impact assessments which will, once completed, enable GreenRoc to apply for an Exploitation Licence at one or more of the Projects.

GreenRoc will not be reliant on a single commodity but will have a diversified commodity mix, including high-value and critical minerals. The Directors believe this will make the Company less susceptible to the vagaries of market conditions and fluctuating demand for a single product.

The Directors believe the establishment of a Greenland-focused AIM-quoted company creates the opportunity for GreenRoc to build a significant market value, given the market capitalisations of other AIM-quoted mineral exploration and development companies whose principal mining assets are in Greenland. Bluejay Mining plc (LON: JAY) has a market capitalisation of GBP £114m, while AEX Gold Inc. (LON: AEXG) is at £48m. Further afield, ASX-listed Greenland Minerals & Energy Limited (ASX: GGG) has a market capitalisation of AUD$161m (GBP £86m) at an exchange rate of 1 AUD: £0.53. All figures are correct as at 22 September 2021 (rounded to the nearest million).

While highly prospective, GreenRoc’s mining assets are still currently in the exploration phase, so GreenRoc stands to be able to add significantly to their inherent value through exploration success and progressing one or more of the Greenland Projects into the development phase, especially as GreenRoc has executed significant drill programmes at Amitsoq and Thule Black Sands as recently as the summer of 2021.

Those drilling programmes should lead directly into independent test work and Mineral Resource estimation work in Q3 2021 followed by detailed scoping studies/preliminary economic assessment work in Q4 2021 and Q1 2022.

GreenRoc is focused on developing mineral projects in Greenland. There is increasing focus on Greenland as a strategic jurisdiction and increased attention being placed on the potential of its mineral wealth and its large-scale, undeveloped mineral deposits. GreenRoc will be in a strong position to capitalise on that interest as a Greenland-focused mining company."

[luffness] 25/10/2021 11:31

Mine is being fast tracked - hilarious.

[bobdown2] 25/10/2021 09:13

Some work has already taken place and the mine is being fast tracked.
However alba have taken the clogua route. And that tells it's own story. But as an asset improves in value so does its share price. Dilution will take it lowered until revenues start.
Greenroc is now a stand alone but the welsh site is backed by the share of the horsefield site and that can be sold if required. Alba,s focus on clogua should point investors in that direction. The emphasis should be proving commercial gold.

[luffness] 20/10/2021 19:23

Assets that are probably a minimum of 10 years away - how many fund raises between now and then?

[sicilian_kan] 19/10/2021 21:12

These are crazily low prices.

Market cap of just £9.4m with £4.2m net cash raised.

So enterprise value of just £5.3m for some genuinely exciting assets, in a hot sector, with assets in a stable jurisdiction, world class grades and with near-ology spot on.

Could easily be a 10 bagger from here and more. Given the grades to date, it appears to be low risk, high reward, the perfect scenario.

[actybod] 19/10/2021 19:45

Added a small tranche here

[birchin] 14/10/2021 21:35

I would pay good money to see that Lol

[hedgehog 100] 14/10/2021 17:29

"birchin" ...

I think that's what Ryan needs ... preferably on the bare buttocks!

[birchin] 14/10/2021 16:03

hxxps://www.voxmarkets.co.uk/articles/greenroc-talks-about-their-globally-siginficant-assets-and-upcoming-milestones-796e91f

[hedgehog 100] 13/10/2021 17:37

"GreenRoc Mining CEO Kirk Adams aims to fast-track Greenland graphite and titanium mine projects

55 views Oct 13, 2021

London South East spoke to newly listed GreenRoc Mining CEO Kirk Adams who put both the company and the scale of GreenRoc’s 4 high quality Greenland assets in context for us. The focus today is on graphite and titanium, both listed as ‘critical minerals’ by the EU and the US.

GreenRoc Mining, ticker #GROC listed on LON:AIM last week and raised £5.1M which is available to spend on drilling programmes to expand the resource, pre-feasibility studies, environmental studies and so on. Kirk explained that all four assets are wholly owned after the spin-out from Alba Mineral Resources last week, with Alba owning 54% of GreenRoc.

Kirk Adams is just back from Greenland where he was looking at the Amitsoq Graphite Project, which he sees as a 'very exciting' commercial asset, with some of the highest quality graphite in the world recovered from the sampling programme. “We are anticipating our next drill results from Amitsoq in a couple of months or so, we are planning our next drilling campaign for next Spring and Summer, approximate cost £600,000, and this will we hope lead to a large enough resource to do a Feasibility Study.”

“Amitsoq and Black Thule Sands are flagship projects and we are going to push these towards becoming producing mines as quickly as feasibly possible,” said Kirk. “For example, we are looking to see how we can fast track the Amitsoq Graphite Project from where it is today, an exploration target of between 1.7 and 4 million tonnes, to an area where we can build a plant and start producing from that.”

Kirk puts the importance of graphite in context. “You may have heard Elon Musk say that the Lithium-Ion battery is misnamed because there’s actually ten times more graphite in a Lithium-Ion car battery than there is Lithium. It should actually be called a Nickel-Graphite battery. When you look at the demand for electric vehicles which is projected this is 25 times more than the world’s current production capacity.”"

[hedgehog 100] 13/10/2021 15:13

RyanRhys 6 Oct '21 - 20:45 - 9 of 13 0 1 0
" ... 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.
... 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. ..."


RR,

GROC's IPO wasn't underwritten, so how can underwriters be bailing out when there weren't any?
The volumes are consistent with retail trades, not institutional trades.

From GROC's AIM admission document, 22.9.21:

"13. Details of the Placing and the Subscription
ETX Capital has conditionally agreed, pursuant to the Placing Agreement and as agent for the Company, to use its reasonable endeavours to procure subscribers for the Placing Shares at the Placing Price. Additionally, pursuant to the Subscription Agreement, the Subscriber has agreed, conditional on Admission, to subscribe for the Subscription Shares at the Placing Price. The Placing and the Subscription will raise in aggregate, approximately £5.12 million (before expenses) for the Company. Both the Placing and the Subscription, neither of which is underwritten, are conditional upon, inter alia, the Acquisition Agreement becoming unconditional (save as to Admission) and Admission becoming effective by not later than 8.00 a.m. on 28 September 2021 (or such date as the Company, Cairn and ETX Capital may agree, being not later than 5.00 p.m. on 15 October 2021) and on the Placing Agreement not being terminated. ..."





Note also that, despite not being underwritten, GROC's IPO raised the £5.12M. wanted, which is a clear success.

In addition, GROC's graphite projects RNS two days ago sets out that its graphite projects alone could contain millions of tonnes of graphite, with an in-situ value of billions of dollars.

In conclusion, I would welcome sensible bearish analysis to inform investors' views of GROC, but you are just making up nonsense.

Would you please stop posting lies here, or I will report you to ADVFN, and/or the FCA.

[ryanrhys] 12/10/2021 18:50

Share price fell more huh!? The IPO didn't go very well did it!?

[hedgehog 100] 11/10/2021 13:01

11/10/2021 07:00 UKREG GreenRoc Mining PLC Amitsoq Graphite Update & Post-IPO Site Visit

"Click on or paste the following link into your website browser to view the associated PDF document (including maps and images):



GreenRoc Mining plc

("GreenRoc" or the "Company")

Amitsoq Graphite Update

Post-IPO Site Visit

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of mining projects in Greenland, is pleased to report on the recently completed management site visit by two of its directors to the Amitsoq Graphite Project in Southern Greenland ("Amitsoq" or the "Project").

Key Points

-- Successful management site visit to GreenRoc's 100% owned Amitsoq Graphite Project, one of the highest-grade graphite projects globally.

-- Drill pad locations were confirmed for the next drilling campaign following completion of maiden drilling programme in August 2021 which confirmed the existence of two significant and laterally continuous graphite horizons.

-- The underground mine workings were inspected at Amitsoq.
-- The sampling locations and the mapped graphite bands were visited at Kalaaq.
-- The drill core samples are currently being processed at the ALS laboratory in Ireland and the Company will share the results in due course.

-- The independent competent person has begun work on updating the current 3D model.
-- Positive meetings were held with the Mayor and leader of the local Kujalleq municipality.
-- Meetings were held with local contractors in Qaqortoq and in Nuuk.
-- Discussions were held with the developers of a hydro-electric plant close to the Project.

Kirk Adams, GreenRoc's Chief Executive Officer, commented:

"Amitsoq is one of the highest-grade graphite projects globally and GreenRoc is now accelerating its development and attaining valuable resource information, while at the same time initiating the groundwork to support feasibility data. Our site visit also enabled the management team to review the extent of the graphite outcrops and the exposure in the old mine workings which have held up particularly well over the years. The unusually good ground condition bodes well for any future underground operations.

"I am encouraged by the positive engagement we have had from the people in the areas surrounding Amitsoq and their community leaders. We were highly impressed with the reception we received from the local municipality officials and were assured of their, and the local community's, support for the project. We also continue to be reassured by the supportive nature of the Greenlandic mining jurisdiction and look forward to expanding our operations there."

Details

CEO Kirk Adams and fellow GreenRoc director Mark Austin have just returned from a site visit to Amitsoq and related meetings in southern Greenland.

The Amitsoq Site Visit

One of the main purposes of the site visit to Amitsoq was to plan the drill pads for the next phase of drilling at the Amitsoq Island graphite deposit, the site of the former graphite mine. The GreenRoc team have laid out a drill grid which seeks to maximise the resource potential of the deposit and to build on the phase 1 drilling campaign completed in August 2021.

The phase 2 drilling aims to target the completion of the outstanding drill holes from the first phase plan as well as stepping out to the western side of the Amitsoq island (see Figure 1). The successful approach trialled by drilling NQ core (47.6mm diameter core produced from wireline drilling) for the last two holes of the first phase will be continued in the next phase of drilling. The exploration target for the Amitsoq Island area of the licence is between 1.7 and 4.5 Mt of ore grading between 24-36% contained graphite. In accordance with the JORC Code, the potential quantity and grade of the exploration target for the Amitsoq deposit is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

In addition, the GreenRoc team inspected all of the outcrops at the Kalaaq deposit, which is located on the Company's licence 2.1 km across the fjord from the Amitsoq mine area on a peninsular of the mainland. The average grade in the Kalaaq area from channel sampling to date is 25.6% contained graphite. These significant outcrops and excellent grades mean that the Company is now creating a drilling plan with the objective of declaring a maiden resource at the Kalaaq deposit.

The recent field work at Kalaaq has revealed additional graphite targets, which will be reported on fully in due course, upon receipt of laboratory assays. The exploration target for Kalaaq currently stands at 4.0-7.0Mt grading 23-39% contained graphite. In accordance with the JORC Code, the potential quantity and grade of the exploration target for the Kalaaq deposit is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. It is the intention of GreenRoc to start drilling here at the same time as drilling phase 2 at Amitsoq, with the aim of defining a maiden resource on both the Amitsoq Island, as well as the Kalaaq project, areas of the licence.

The Amitsoq site visit has been invaluable in allowing GreenRoc management to further assess potential mining methods and possible operational infrastructural layouts.

GreenRoc is considering the use of a drone in future campaigns to carry out an airborne VLF EM survey which will be able to traverse currently inaccessible areas in order to identify graphite horizons. A detailed DTM will also be completed at the same time.

The Amitsoq underground workings from the 1920s

The former graphite mine at Amitsoq, which was mined in the 1920s, was inspected and found to be in excellent condition considering the age of the old workings. This has positive implications for the underground support regime that will be required for the chosen mining method. It is also apparent that much of the infrastructure required, such as workshops, can be accommodated underground, thereby potentially mitigating any winter weather effects on the operations. These favourable ground conditions are anticipated to have a positive impact on the mine design and the ensuing production efficiencies.

Meetings and Discussions

The GreenRoc directors met with the Mayor and the leader of the local Kujalleq municipality, and undertook initial discussions on the potential impact of the development of the Amitsoq Project on local communities. It was noted that local population levels have dropped in recent years, and the GreenRoc development would have a meaningful impact in creating job opportunities thereby assisting in the reversal of this trend. The potential for training and upskilling local people in drilling and mining skills was welcomed by the municipality.

Additional discussions were undertaken with local businessmen concerning logistical support as well as the developers of a hydro-electric plant close to the Project. It was stated by the developers that this hydro-electric project has the potential to supply 6 MW of continuous power to the operations. The potential for this will be further investigated as the Amitsoq project progresses towards development status.

Ongoing Technical work

The drill core samples from this summer's drilling programme have been delivered to ALS in Ireland and are now undergoing assay testing. The results from these tests will be fed into a 3D model which is being developed from the intercepts by the independent competent person.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events.

Without prejudice to the generality of the foregoing, uncertainties also exist in connection with the ongoing Coronavirus (COVID-19) pandemic which may result in further lockdown measures and restrictions being imposed by Governments and other competent regulatory bodies and agencies from time to time in response to the pandemic, which measures and restrictions may prevent or inhibit the Company from executing its work activities according to the timelines set out in this announcement or indeed from executing its work activities at all. The Coronavirus (COVID-19) pandemic may also affect the Company's ability to execute its work activities due to personnel and contractors testing positive for COVID-19 or otherwise being required to self-isolate from time to time.

Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

For further information, please contact: ..."