My thoughts;
Concerns:
- The SIZE team aren't in Greenland and have no experience there (checked their Linked in profiles)
- Many companies have failed in Greenland to get approvals. A lot of resistance to mining there.
- its a MF of a place logistically, ice water, everything takes 10x as long.
- No in speci distribution of stock likely, hence the PGM board role on SIZE.
- No PGM board members hold significant shareholding. If ever there was a market to pump/ramp/promote a massive PGM deposit, this is it! Why didnt they. All they had to do was paid hotcopper, * advertising, or give a broker stock to raise cash and promote the story. I really don't get why they didn't try this.
- The SIZE board is mainly technical, and no significant experience on board of growth companies, so unsure if they have the network to promote this, except for Joel- Ex RBC, cant find any online profile about him. Anyone know any more about the SIZE guys?
- No significant investors on top 20 except for Peter Woodford Cairnglen
- Asset looks deep and low grades. Rocks/access to underground mine looks problematic.
Positives:
- When companies do make progress in Greenland, SP rerates fast (ASX:GGG) Went from $20m MC to $350M MC in a couple years after approvals to develop RE's
- Greenland backs sustainable and green mining, pro- Rare Earths etc (Paladium used in catalytic convertors and EV's)
- Greenland is in trouble economically, low employment, needs cash! A massive $billion gold/PGM project could help that.
- Fresh story for SIZE to sell to canadians. Investors like newly vended assets.
Anyone here of any presentations, roadshows, major broker discussions either SIZE or PGM been having?
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