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aurelex90

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17/05/21

16:26

Post #: 53227624
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Originally posted by nro: ↑

What will Greenland do now?
Where will they turn for financial assistance as their massive fish industry falls to their knees?
Who can offer hundreds of millions to cover these losses?
Maybe GGG will get more interest now as this industry appears to die and theres so little else on offer that can offer hundreds of millions of dollars in crucial assistance to their economy.
The clock is ticking....and its ticking fast....

"The ice is gone, and summer is just around the corner, and it is precisely this time of year that most dinghy fishermen in South Greenland look forward to the most rewarding period. But the corona crisis has hit the coastal fisheries in South Greenland unusually hard, and has forced the dinghy fishery to its knees.It writes the newspaper Sermitsiaq.But climate change is also hitting so hard that it threatens the existence of the fishing industry. But it is not only the dinghy economy that has broken down, the fish factories have also been forced to adapt to the sharply falling fish prices on the world market.- The conditions are so serious that it must be described as a catastrophic situation, says Ole Larsen, who is chairman of the fishing and trapping association in Nanortalik.
- Arctic Prime Fisheries and Royal Greenland have set restrictions on cod procurement, and cod prices are so low that fishing is no longer profitable.- And the catfish fishery, which is one of the most important sources of income for the dinghy fishermen, has stopped prematurely, as the fish factories cannot receive as much as before due to the corona crisis, Ole Larsen explains.Simultaneously with the worldwide corona crisis, the marked climatic changes have had major consequences for the fishing industry in South Greenland."
https://sermitsiaq.ag/fiskeri-fangererhvervet-kollapset-i-sydgroenland

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"Who can offer hundreds of millions to cover these losses??"

it's called capital raising

massive dilution to shareholders incoming

GGG Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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