Greenroc Strategic Mater... Share Discussion Threads

[bobdown2] 08/11/2022 07:56

Spot on. The rns has to be read fully to see the consequences. You could look at jay to see how partners accumulate. Today could very well be the inflexion point. Commercial graphite.

[sicilian_kan] 08/11/2022 07:38

One also has to ask why GROC have done this work because there had previously been some (much more limited work) of this nature done before. Why now, why not next year?

Well, it appears that they wanted to test a bulk sample and to reduce processing costs even further.

This, in my view, is the sort of work that one would undertake if trying to impress a potential partner, say an off take partner or a co-development partner...someone in the trade rather than mere investors...

[bobdown2] 08/11/2022 07:35

Groc ipo,d at 10 pence and are now sub 5 pence as the fields in Greenland have increased in size and assets as well. Today you have to note the word commercial and the only other country to produce this type of graphite is china. Please read the rns and some of the previous ones.

[divmad] 08/11/2022 07:28

Nothing much will happen today I'm afraid to say. This story is so far off being a funded development project that no one will care. That's the sad state of the UK market for cash starved early stage resource companies.

[sicilian_kan] 08/11/2022 07:20

Outstanding news today:

- Relatively little processing required to reach EV quality primary concentrate. Only four flotation cleaning stages were required to reach a primary concentrate product of at least 96.5% graphite (94% required for EV quality primary concentrate). Future processing plant will be able to run with a reduced number of cleaning stages compared to what had previously been assumed. This will shorten processing time, conserve energy and reduce the costs of production.

- Very suitable for micronisation and spheronisation, with a high-quality spherical graphite easily produced and exhibiting good commercial properties.

- Micronised easily and with relatively little energy input, resulting in a very uniform micronised material.

- The physical target values for spherical graphite, such as narrow particle size distribution and high tap density, were achieved and exceeded.

Note there will be news to come:

"Over the coming weeks we will conduct further testing and characterisation of our spherical graphite product."

[ryanrhys1] 04/11/2022 22:00

Share price drops again now under 4.0..... This is going from bad to worse, where are the rampers now??

[ryanrhys1] 01/11/2022 16:04

Share price dropped again I see!?

[ryanrhys1] 29/10/2022 17:54

A while back I bet the rampers that all this drilling would not raise the share price whatsoever.... Well I was right yet again, no interest, no buyouts no jvs..... But apparently there's this massive world class asset the whole world can't wait to get!? Seems like it's not world class and no one wants it preferring to go elsewhere!?

[ryanrhys1] 25/10/2022 20:34

Good old AEX, they raised £48 million, sold half the company and trade at 35pence....

Greenroc can only dream someone will come along, so GF will be watching another company progress from its nearby license, this must now be very painful and to constantly be turned down whilst Bluejay and Amaroq get serious investment!?

Selling points of a dock, camp and infrastructure already there as well as processing deals, probably only a matter of time before someone saw the worth of all that gold.

I wonder if they might try a multi element approach to the mine.

Another big blow for Greenroc.

Any Alba investors will note they showed gold not faked assays, if there's gold you show if not it's simple bs which is Alba to a 'T'.

I bet Greenroc investors wished they had invested in Amaroq instead, should be some good rises ahead.

But graphite, don't make me laugh you don't need Alba for that just look at all the tasty licences there. Oh well we might yet see a new mine in Greenland in two years probably four, what's that take the total mines in the country upto, three/four!?

[ryanrhys1] 24/10/2022 13:26

One sell of a £1000..... Greenroc has become a disaster!?

[ryanrhys1] 21/10/2022 18:09

Another blow for Greenroc, Biden invests 2.8 billion into graphite lithium and nickel but none of the money is going to Greenland.

Instead they are focusing on Canada which holds 1.2% of world reserves, many American states that hold reserves at 7-8% grade and synthetic graphite from the petroleum industry.

Some is being given to companies that recover graphite from used ev batteries but rest assured not one cent is looking at Greenland and the idea is to boost graphite production on American soil not Greenland or elsewhere. In fact Greenland's graphite reserves are so small they don't even appear on the world chart placing miles below Canada and even America.

No wonder there's still no interest in Greenland but if we look at some more interesting companies looking at Greenland they aren't after one particular mineral but multi element projects producing lithium graphite nickel and such things right up to uranium in one place and site.

Maybe in ten years Greenland will start to develop more but it's reserves of needed metals and rare earths far too small for any interest. Biden is not Trump, whereas Trump was a fool Biden sees potential in mining only in America and Canada no where else and so won't invest if it's not on home soil.

Interesting to see them starting to get the ball rolling with synthetic graphite too, no one really needs natural and synthetic the real choice for most ev manufacturers.

Also of note are the slew of Greenland graphite license owners with much more clout than Greenroc, Southern Greenland holds a lot more than Grocs small holding its no wonder why the others there are getting interest and Groc passed by.

Anyway despite the constant selling I think someone actually bought £1 worth of Groc shares today, another record for them.

How much have you lost on this complete failure, to buy in was 11.0, the sell price now at 4.10... what's that over %60 down in less than a year!? Wow the rampers really were wrong there weren't they!?

[ryanrhys1] 18/10/2022 12:48

Wow drilling circa 200 holes in some asset in the middle of nowhere really got you interest from companies, joint ventures, new investors and refineries offering plant use.....

What a failure, cost you over a million and you got nothing from it but failure....

Wow I'm impressed, how many times have you drilled this now lolol

[ryanrhys1] 12/10/2022 18:49

What defamation!? Ain't no legal or site saying I've said anything of the sort. Your just a sore loser trying to ramp something that's already failed for years??

[sicilian_kan] 12/10/2022 14:04

Hi john, thanks for your points. Just to pick up on the last one. Alba were the sellers in the GROC placing, look at their accounts, they were not the buyers. It was spun out of Alba.

So your numbers are wrong. Alba did not contribute 60% of the £5.1m gross, £4.3m net raised. Plus yes, of the £4.3m net raised, £0.4m went back to Alba to cover 2021 exploration costs.

[ryanrhys1] 12/10/2022 12:41

Sorry I was posting on that idiot Scicilan Khans thread. Let's start back here.

Groc raised £3 million, Alba spent over £800k on drilling and listing it but got back only £50k despite GF saying they would get back most of it.

Now this pretty much took all of Alba's cash and they now have barely £100k which with wages and admin won't last to Christmas. Alba's financial statement shows they are broke and after cancelling drone survey and pretty much everything else clearly they haven't the cash left now about to fold. Watch out for an RNS saying this very soon.

Now according to financial statements Groc raised only £3 million, evident in the fact it lost over %60 of its value very quickly. They just spent £1.5 million and reported about that left in May 2022. Minus wages admin and such by next year expect this to be under a million which is why most know they now need to raise funds just to fund next year.

The last few reports on drilling saw no intrest, no one coming to partner or pay for serious development. It is essentially a worthless asset but why would anyone want Alba's graphite or when there are much better and easier plots to mine....

Still the graphite market let alone ilmenite is super saturated, mines opening almost monthly in more developed better infastructure climate and in world markets not in far away Greenland. The country barely has many cars certainly it dosent have battery factories or vast shipping lanes for mined ore you can get cheaper elsewhere.

They keep calling it world class but ask how many mines have started in the last decade!? What is Greenland's current mining production value for this year!? Practically nothing and none. World class my ass!?

GF bought this to ramp, prey on the uneducated, it's been held by him over a decade and every year the same old drilling and speech how they are globally important.

It's like their small holding Melville Bay, China use to hold that but dropped it because it is completely uneconomical and unfeasible with average iron mine about 400 million and needing over 400 trained staff in accomodation!?

All pipe dreams, if you invested you've already lost over half your investment and you will never get it back only loose the rest. The boards practically dead because so few invested, it only spun off from Alba because they couldn't afford to hold it anymore and now it's bankrupted Alba who used most of their cash to drill and float it!?

Another GF lifestyle scam, buy, call it world class, do a few drills over a decade and spend the millions on wages and bonuses.

My prediction is right, this will crash more and then not be able to raise a penny so go broke just like Alba are now.

Strong sell, get out while you can, if you didn't learn your lesson from Alba your going to loose everything else!?

[john covenant] 12/10/2022 08:55

Well my initial point was about valuations and simply saying they have assets in the ground so should be valued higher is nonsense – so I gave one example where they have assets and are years closer to generating income but have similar market caps – yes I could have used ACP although they are around 2x Grocs mkt cap I think.

On grades I specifically said producers or near producers so companies such as Northern Graphite,Tirupati Graphite, Volt, Sovereign, Blackearth, Evolution, Mason, International and Oar.

Country risk yes but then DRC produces 70% of the world’s cobalt which shows mining can be very successful in corrupt countries

Still there is a very easy measure of whose judgement is correct – lets see where the share price of each is in say a years time.

On the fundraise after fees and cashback to Alba they raised around 3.8m of which 60% came from Alba so they had to pay around 800k in fees to raise about 1.5m in outside cash which rather suggests they struggled and that was in a far better environment

[bobdown2] 12/10/2022 08:02

How far is advanced nowadays. Alba waited on the welsh authorities for months upon months for their dewatering agreement. Whilst groc has delivered all expectations and above expectations. Greenland want the extra revenue derived from mining. The welsh look towards it being a nature reserve first and mine second.
Groc is fast tracking their two projects and that is reflected in the increased news flow. Clogua has gone quiet. Next up is thule sands. Last years 249 hole drill report. That's two large mineral deposits being fast tracked. Finance will have to be arranged for the port facilities but that should come after the thule sands rns.
The world class assets will already have alerted other larger mining companies.

[ryanrhys1] 12/10/2022 05:55

Not sure many here check their facts. Where on the financial statement does it show Groc raised £5 million!?

Sicilian Khan said-

"By contrast Greenroc went out and raised £5m in one go on its IPO. The ability to raise funds to drill out a project and to get to the next stage is critical and so far Greenroc have shown that they can do this."

They undersold so badly the share price fell to under half and after spending barely £1.5 million have under that left which clearly shows the raise of £5 million at IPO or after complete and utter bs!?

Now you've been exposed as the biggest ramping idiot here and still you claim these assets world class.
.. more utter tripe, pray tell in the last ten years how many mines have started in this world class mining country!?

Fools who didn't research are now well over %60 down on their investment. More and more sell out and due to lack of cash another raise is needed but there's no buyers and looking at the history of Alba and now Greenroc there never will be any interest.

If I wanted a lot of ilmenite I could get it at many places that aren't in the middle of nowhere and there's really no shortage so quit whilst your ahead you liar....

Want some credibility show where Groc raised £5 million on the financial statements.... It's why I call you an idiot ramper and liar just like HF who also keeps claiming the same rubbish!?