In view of GoG’s disappointing response:
1. Write down the value of KF entirely. Declare it impaired on account of GoG and make clear the losses ($110mm + interest?) that we shall be seeking recovery of by way of arbitration. Media will cover this as KF / green minerals are the litmus test of Greenland as a nation (and a global case study in snapping defeat from the jaws of victory)
2. Buy a production-ready asset as far away as possible from Greenland and it’s banana republic policies. Canada and Australia a priority.
3. Precious and base metals assets are trading cheap. Focus here. Avoid critical minerals / REEs as prices remain exorbitant, good quality assets scarce and we cannot risk remaining $$$ on doubling down (tripling down actually!) on highly speculative early stage critical minerals assets.
4. Company policy must be changed ASAP. 1) remove Shenghe; 2) generate cashflow; 3) reduce overheads; and 4) create new HoldCo with a new name / strategy and demote GGG to a subsid. $28mm is a lot of dough to get us a good asset. If GGG cannot generate cash within 12 months, resignations need to happen. Shareholders will not stand for a “managed dissipation” of funds on exploration boondoggles.
5. Quietly commission a strong geo to re-delineate a resource / PEA at KF that avoids the “100ppm rule” This will be a Plan B if arbitration fails to try and salvage an ML and some value from the project
6. Post #5, seek an EXIM loan similar to Ironbark Zinc in Greenland and/or sell the asset to a party with the resources / capacity to play the long game with GoG. Also consider appointing a US official to sit on the board. We will achieve nothing in Greenland with Shenghe as a shareholder.
- Forums
- ASX - By Stock
- ETM
- Next Steps - Move on
Next Steps - Move on
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ETM (ASX) to my watchlist
|
|||||
Last
2.5¢ |
Change
0.001(4.17%) |
Mkt cap ! $35.21M |
Open | High | Low | Value | Volume |
2.4¢ | 2.7¢ | 2.4¢ | $9.976K | 382.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28286 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 405466 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28286 | 0.025 |
1 | 128510 | 0.024 |
1 | 23000 | 0.022 |
4 | 322492 | 0.021 |
3 | 600000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 405466 | 3 |
0.028 | 2708 | 1 |
0.029 | 120000 | 1 |
0.030 | 143250 | 3 |
0.032 | 40000 | 2 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
ETM (ASX) Chart |