The Timing of the News Release above is peculiar and intentional in nature!!!!! I have no doubt, it is intended to inflict the most damage onto the company, put fear into the hearts and minds of GML investors and make them run for the hills. Just when GML investors had a sigh of relief following the end of the Consultation process on 13 September and the company advised so with a sense of protocol and optimism, a Dark News Release is swiftly issued by the Anti Mining Activists to suppress any hope going forward. If you want to know who is in charge of the Housing and minerals ministry look no further than Najaa Nathanielsen, her activist Enviro-Chondriac history, and what she stands for since her years in college. Also, she's in charge of the Gender Equality Council for the LGBTI. When you have such a person with deeply rooted PERSONAL disdain for business mining and her utopia on how to achieve employment through Chicken and pig farms, you really don't have a prayer.
With that said, the last paragraph says it all: It is laughable, despite her repeating her political campaign slogan rhetoric to Reuters, to not allow GML mine be given the Green Light, she admitted that she cannot guarantee that she will prevail in court blocking the mine from going forward!?
Changing the agreed to International Standards and rules for mining from 300 PPM to 100 PPM is not not just impractical, it's intentional and to destroy one of the most viable REE company in the world. Despite that the minerals in Kvanefjeld can be effectively beneficiated into a low-mass, high value concentrate, then leached with conventional acidic solutions under atmospheric conditions to achieve particularly high extraction levels of rare earths. REE from Kvanefjeld will be produced in an environmentally sustainable manner further differentiating it as a preferred supplier of RE products to end-users globally.
It is apoplexing to me to have a minority in charge of decision making ruling over the majority specially the Labor Union in Greenland. We have yet to hear from the previous government's leader(s) and their input on this very important project in Greenland? Where do they stand? What efforts are they making to influence the new government to make the right decision pertaining to GML's license? Where does Copenhagen stand? Where does the European Union stand on this subject too? Is GML lobbying Australia's Foreign Minister and that of Denmark to twist arms in Greenland? Don't know!
GML will prevail! I am staying the course!
La vita is Always Bella!
In REE Veritas!
GGG Price at posting:
14.0¢ Sentiment: None Disclosure: Held
