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Greenland Minerals Limited (GDLNF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0565-0.0015 (-2.59%)
As of 01:25PM EST. Market open.
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  • P
    Penumbraman99
    With the not mining above 100 PPM uranium law, how is this stock still worth any thing? Does the current investors believe that the Greenland or Danish governments overturn the law? Not currently an investor.
  • G
    GoSearch
    Huge dump on the US market where GGG is not halted. So this guy's get to unload while anyone onvASX waits. What is that supposed to be?? By the time they lift the halt this stock will be 75% down!! This is incredible!!!
  • V
    VamosSpearmint
    Greenland has reportedly passed a law restricting mining and exploration of uranium and suspended the development of the Kuannersuit mine (Kvanefjeld) - the Kvanefjeld Rare Earth – Uranium project owned by Australian mining firm Greenland Minerals.
    https://www.mining-technology.com/news/greenland-bill-mining-uranium/
  • m
    mark
    Trading halted on ASX for news pending. Cross your fingers but...
  • S
    Siddikur
    I'm out, there's no future in this project! Better off redeploying what's left in another sector.
    Bearish
  • S
    Sam
    one word anorthocite.
  • P
    Penumbraman99
    What’s going on in Greenland Minerals, today? Looks like the meeting that the Company didn’t attend, yesterday, when well for GGG? I’m not an investor in GGG. There isn’t any news on the company website?
  • A
    AchilleS
    GGG is in talks with the Greenland Government on proceeding with the mine withoit the uranium exploitation, i.e. the mine is still viable, and considering the uranium component only made up to 5% of projected revenue GGG is looki g bloody cheeeeeap!
    Bullish
  • J
    Joe
    What did the government do/say that caused this surge?
  • F
    Fritz
    Went ahead and closed out the last of my position today. Due to its potential, this was an extremely disappointing trade (albeit still profitable).

    There are just too many uncertainties right now. Elections (with IA in the lead), coalition defections, public resistance, new "experts" issuing a plethora of warnings (and scaring the population) and even local politicians formerly positive or neutral beginning to voice concerns.

    Next week will be very, very interesting - and I will continue to watch this company (and translate the Greenland newspapers) to stay abreast, and certainly re-enter if we see a positive shift.

    Best of luck to all longs!
  • F
    Fritz
    Executive Order:

    https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries/

    There is a ton of meat in this order, and you'll see the word "adversaries" throughout.

    Rare earths are mentioned specifically, and I found these paragraphs quite important:

    (i) reduce the vulnerability of the United States to the disruption of critical mineral supply chains through cooperation and coordination with partners and allies, including the private sector;

    (ii) build resilient critical mineral supply chains, including through initiatives to help allies build reliable critical mineral supply chains within their own territories;

    Greenland is looking more and more important, IMHO.

    As a complete aside, China is also responsible for the bulk of bismuth production and refining, just in case you wanted to buy a few pounds. :)

    Good luck to us!
    By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic
    By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic
    www.whitehouse.gov
  • B
    Buzz
    Don’t understand who would be selling now ?? Have waited 10 years for this very moment with environmental approval and the final public approval process. Greenland economy needs revenue. 12 weeks from conclusion of this last phase. Hang on for lift off !!!!!!
  • J
    Jari T
    Business Analysis GGG - High risks and Costs, Very competivive market The Greenland news paper has produced an excellent market review about GGG and Kvanfjeld

    Kvenefjeld had huge risks even before the EIA and Uranium risk and the likely delay of at least 4 years would mean enormous risk

    -There are worldwide reserves of rare earth metals of about 120 million tons according to the US Geological Survey, and consumption is about 250 thousand tons per year, so it is not in short supply. There are many mining projects that are on the rise (Figure 2). So there is no shortage of rare earth metals worldwide.

    - In addition to deposits found in solid rock, rare earth minerals are now also produced as a by-product of titanium extraction. In India alone, there are reserves of 12.5 million tonnes of rare earth minerals that can be produced that way.

    - Can financing be obtained for the mine There is a design of mines and facilities, but it is hardly the final design, what will be the final price and how will the financing come into place.

    -What will be the price and is there and access to the market
    For some metals, it is relatively simple to calculate what it costs to produce a ton, and you can then make some assumptions about how the market will behave. Metal prices fluctuate. But with rare earths, it's more like trying to calculate the price of oak based on the price of an architect designed chair.

    - Kuannersuit The ore contains 1 percent rare earths. Can it compete with the Chinese ore or the ore in the Australian deposit Mount Weld, which contains about 6 to 8 times as high a concentration of rare earths?

    - Will new projects with a high content of the heavy rare earths mean lower prices? The cost of Kuannersuit will be at the high end, the content of rare earths is at the low end, and one is very dependent on the price of the heavy rare earths maintaining the high price level.

    - The key to the market for rare earth metals probably does not lie with those who own a deposit, but rather with those who control the technology and the market, and have the capital to invest in plants for the reprocessing of the metals and can produce the semi-finished products that the market demands.

    Google Translation
    https://sermitsiaq.ag/chefredaktoeren-anbefalersikre-kuannersuit-pengemaskine

    The editor-in-chief recommends:
    How sure are we that Kuannersuit will become a money machine?

    The market for rare earth metals is difficult to penetrate and the content of these metals in Kuannersuit is not high on an international scale. So whether Kuannersuit will be a "money machine" is not certain. The key to making money goes through access to technology, processing plants and market shares.

    "Greenland Minerals" offers great income to Greenland if they are allowed to mine the ore in Kuannersuit. It is one of the largest deposits of rare earth metals in the world. But the market for the rare earth metals does not resemble the normal markets for mining products, and whether money can be made depends on a very wide range of assumptions. We have set out to try to shed light on the matter from the perspective of two professionals.

    What are the metals of the rare earths and how rare are they?This group of elements has become a topic of conversation in Greenland, but what is it? It is quite confusing, for they are neither rare nor earthy. One of them - cerium is for example the 26 'most common element on the earth's surface, where nickel, zinc, copper and lead are respectively numbers 23, 24, 25 and 36. In Figure 1 you can see the list of abbreviations at the bottom of the Periodic Table

    There are worldwide reserves of rare earth metals of about 120 million tons according to the US Geological Survey, and consumption is about 250 thousand tons per year, so it is not in short supply.

    There are many mining projects that are on the rise (Figure 2).

    So there is no shortage of rare earth metals worldwide. In addition to deposits found in solid rock, rare earth minerals are now also produced as a by-product of titanium extraction. In India alone, there are reserves of 12.5 million tonnes of rare earth minerals that can be produced that way.

    The rare earths are divided into light and the heavy ones. What will be the cost of operating the mineWhat will be the cost of mining, crushing, grinding, separating the ore minerals from the rest, dissolving the minerals into strong acids and separating uranium and rare earth metals from the liquid. The ore in the Kuannersuit does not look like what is mined elsewhere in the world. It is a hard rock, the minerals are small and about half of the rare earth metals are lost along the way. These are costly and energy-intensive processes that require advanced machines and know-how. Is this profitable when it comes to the play?s (Figure 1), where most of the light ones have a lower price. In Kuanners
    Markedet for sjældne jordarters metaller er vanskeligt at trænge ind i, og indholdet af disse metaller i Kuannersuit er ikke højt i international målestok. Så om Kuannersuit bliver en ”pengemaskine”, er ikke sikkert. Nøglen til at tjene penge går gen
    Markedet for sjældne jordarters metaller er vanskeligt at trænge ind i, og indholdet af disse metaller i Kuannersuit er ikke højt i international målestok. Så om Kuannersuit bliver en ”pengemaskine”, er ikke sikkert. Nøglen til at tjene penge går gen
    sermitsiaq.ag
    Bearish
  • B
    Barbara
    So, some longer term investors are taking profits. Therefore, weaker hands are forgetting how much more there is to go. Meanwhile, stronger hands are quietly accumulating at bargain prices.
  • J
    Joe
    Did anyone think this stage was going to have no opposition?
    There is always someone who wants to save something or wanting their wheels
    to get greased. They don't call this the "Orphan Stage" for no
    reason. Management is prepared for this. Now it's just a waiting game.
  • F
    Fritz
    Just posted on ASX, and GM's website here:

    https://wcsecure.weblink.com.au/pdf/GGG/02338179.pdf

    As expected, although I found this bit interesting:

    "...The Government has also highlighted that with the scheduled upcoming municipal elections in April, it is important that a newly elected local municipal council has the opportunity to be involved in the consultation process..."
  • E
    Eric
    My guess is that sometime in the next 5 - 10 years mining will start , and it will be a very profitable operation . There is good opportunity for people to make a lot of money here including the politicians that have the ability to remove the impediments holding things up right now. Accumulating on the dips may be a good long term bet for those that can afford to be patient.
  • x
    xonio
    Finally, consultation is approved by Greenland government ,12 weeks.
  • F
    Fritz
    Volume is way down in Australia. Everybody has made their bets, and we're all now just waiting for the results.
  • C
    Cheryl
    1.23MM buy of Greenland Minerals (rare earth play) at 12 cents is the only "big buy" since the drop off from near 20 cents. There has been a lot of selling going on recently. The villagers near the Greenland mine will be assuaged eventually and in the mid term this will be a triple from here (.1184). Within three years in my opinion GDLNF will be supplying rare earths in considerable quantities for the manufacture of magnets essential to the defense industries for use in making ray guns, which will replace ammunition and some missiles.
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