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Greenland New Goverment
26 March 2013 / 20:05
FILE - A March 9, 2013 file photo of Greenland Party Siumut's President Aleqa Hammond, in Nuuk, Greenland. A center party that gained the most seats in parliamentary elections two weeks ago has formed a governing coalition that has vowed to get rid of a zero-tolerance policy on mining and selling of radioactive minerals, including uranium.
The centrist Siumut party has teamed up with market-oriented Atassut and populistic Partii Inuit. In all, they have 18 seats _ two above the 16-seat majority threshold.
Siumut leader Aleqa Hammond, Greenland’s first female premier said Tuesday, March 26, 2013, the ban will be abolished, adding it “will be contingent upon securing public health, nature and environment from risks.” (AP Photo/Polfoto/Jacob Ehrbahn, file) DENMARK OUT
If the new government are saying, (yesterday) that the ban will be abolished then this will be a catalyst for a major re-rating in the share price.
The project will be massively de-risked over night and we will see a lot of new interest and investment in GMEL.
Investment funds will begin to build positions from this point and won't risk waiting to buy higher.
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