It appears from this news article,that we could be waiting a while after the election count, to get a clear indication of who will form the new Government, and what effect this will have on the Kvanefjeld mining project.
If there is a trading halt on GGG, it would probably be in the days after the election when negotiations are taking place between the various parties to form a coalition - this is the impression I got when talking to GMEL in Perth, a few days ago. We will have to wait and see - playing guessing games and gambling on our investment for a positive outcome.
"As for which party will hold power after the Nov. 28 election — that’s uncertain: seats in the 31-seat Inatsisartut assembly are first distributed proportionally according to the percentage of votes received by the parties — and there are six parties with more than 190 candidates, as well as two independents, in the running.
So expect lots of behind-closed-door negotiations in the days after after the votes are counted — although during Nov. 24’s live pre-election debate on KNR, Greenland’s public broadcaster, Olsvig reached out to Kim Kielsen, who chairs the Siumut party, with a list of ways the two leading parties could work together.
Any party or coalition group must control 16 seats to form a government."
Add to My Watchlist
What is My Watchlist?
