Greenroc Strategic Mater... Share Discussion Threads

[luffness] 11/2/2022 10:05

Lol a project where they haven't even started the EIA and SIA - like I said at least 5 years

[sicilian_kan] 11/2/2022 09:11

Hi luffness, the first project that GROC will be bringing into production is expected to be the relatively simple ilmenite project at Thule Black Sands.

[luffness] 11/2/2022 08:26

Stick with BRES - GROC is a minimum of 5 years away from any production

[divmad] 10/2/2022 15:41

Good luck, S_K, with Greenroc. As a big fan of graphite for various growing uses including of course EVs, my interest was piqued just now when I came across Groc. Doing my research now. But may I ask if you have compared the MC and relative positioning in their development cycle, of Bres and Groc? I am a big holder of Bres, another under the radar junior miner, with a world class graphite deposit, in Uganda. ATB.

[sicilian_kan] 10/2/2022 11:41

A deserved couple of tick ups today. Good to see the market starting to realise the gross undervaluation here.

[sicilian_kan] 10/2/2022 07:47

A good article on Greenroc below thanks to burtond1

[burtond1] 10/2/2022 06:57

Fancy Greenroc in Greenland for half the price ask @TMSreach"...The @GreenRocMining share price has drifted down from its admission price of 10p to around 5.8p at the time of writing, taking the #GROC market cap to £6.5m from £11.1m..."https://total-market-solutions.com/2022/02/greenroc-mining-plc/

[sicilian_kan] 07/2/2022 23:02

More evidence today demonstrating moving natural / spherical graphite processing to the US and away from China.

"Graphex Group, a Global Supplier of Graphite, Announces Plans to Establish a Michigan-based EV Battery Materials Production Facility"

"Graphex Group’s exclusive MOU with Emerald Energy Solutions LLC is a key step toward the construction of a graphite processing facility in the greater Michigan area to support EV battery production across the United States"

[sicilian_kan] 07/2/2022 15:51

Hi chippy, thanks for your post and I do emphasise to some degree. My response would be as follows though:

1. I've had quite a bit of success on junior miners. GGP gave me a very healthy return. Where companies have world class grades in safe non-corrupt jurisdictions, like GGP, generally speaking the value will out and the share price will respond very well. There is of course too much dross on AIM with companies in dodgy countries or with grades that are not commercially appealing. Finding the successful companies is the trick. I think GROC meets those criteria of world class grades in mining safe jurisdictions. The only thing Greenland has voted against is uranium mining, which is understandable given radiation and related radioactive environmental concerns.

2. Yes, Greenland is a harsh environment, but no harsher than a lot of mines that operate next door in Canada. There would be a four month shipping window.

3. Alba struggled to raise funds. You can see that most of its recent fundraises were £500k to £1.5m and that was spread out over many more assets than at Greenroc. They couldn't really raise enough to properly develop the projects. 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.

[chippyfriday] 07/2/2022 14:49

Hi SK,

I have invested in small cap miners in the past but came to the conclusion that with a lot of them, the only people who made any money were the directors and most investors lost money. Looking at the directors of Greenroc I notice the strong connection with Alba Minerals and that Alba owns licenses for the Greenland resources.



In ten years the Alba share price has only been above 1p once and that was very briefly in 2014. Talking of dilution, the current mkt cap of Alba is £14,400,000 and the share price is 0.22p so I'll let you work out the number of shares.



Greenland is a very harsh environment which which will certainly add to difficulties and cost.
I'm sure you won't be surprised to hear that Greenroc isn't for me and I hope you will take this post as intended, which is to advise you to proceed with caution.

[sicilian_kan] 07/2/2022 12:47

Also I think we will see more an more examples of car and battery companies, like the Tesla example I posted above, going direct to mining companies to secure graphite supply. This will lead to much more positivity in the sector and for the share price. Remember such negotiations could commence or be announced at any point, most likely after the resource estimate comes out later this year.

[jwoolley] 07/2/2022 12:26

"It is not in itself a reason not to invest."

Agree it's not. But I do think the raise will probably be below the current share price and I can't see anything at the moment to improve the share price significantly.

So it might not be a reason to invest, just yet??

At the moment, I feel the slide needs to steady a bit, then it might be worth dipping a toe in.

Just my thoughts.

[sicilian_kan] 07/2/2022 11:53

Hi jwoolley, thanks for your posts. I think that most AIM stocks intend to raise funds around once a year. That is the purpose of the company being on the stock market in the first place. It is not in itself a reason not to invest.

In this case, the price is so undervalued. And importantly there is key resource estimate news due before any funds need to be raised, so hopefully there will be a significant rise beforehand.

[jwoolley] 07/2/2022 11:33

Have you looked at any copper stocks? Copper is also needed for EV's.

[jwoolley] 07/2/2022 11:32

I've been watching this with interest s.k. since its listing. My initial thoughts whilst watching it slide, is that it isn't going to be too long before they start to look at more funds. Possibly by mid year. This has been my only hesitation of dipping my toe in here. What price will it be by mid year with nothing to note to get the share price moving north by then? At the moment, it's anyone's guess.

Many that for the thread

[ryanrhys] 07/2/2022 07:57

Falling to 5.7 now, wow this nose dived quicker than a seal chasied by a shark lol....!?

[sicilian_kan] 06/2/2022 21:29

Here is another interesting read:

"Seemingly on a weekly basis, we read reports of Tesla lining up new sources of raw materials around the world. The latest news comes from an Australian firm called Syrah Resources, which has signed a binding offtake agreement with Tesla to supply natural graphite"



The graphite that Tesla is buying is coming from medium grade graphite (16%) mined in Mozambique.

Greenroc has much higher grades and is closer to the US and Europe. With the sheer demand for graphite and with the Amitsoq resource estimate coming out later this year, I think Greenroc is one of the most undervalued shares on AIM.

[sicilian_kan] 06/2/2022 21:12

I've put some work into the header to give as much information as possible. If I've missed anything or if you have any suggestions or corrections, do let me know.

Best wishes to all.

s_k

[sicilian_kan] 06/2/2022 21:11

Hi all, I've done the new thread that I promised some weeks ago. You can find it here:



Do use the new thread if possible. I've put some work into the header there to give as much information as possible. If I've missed anything or if you have any suggestions or corrections, do let me know over there.

Best wishes to all.

s_k

[sicilian_kan] 06/2/2022 21:03

Hi all, welcome to the new Greenroc thread. All posts welcome, positive and negative, as long as reasoned.