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Jack5588

445 Posts.

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05/11/19

13:43

Post #: 41256811
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Originally posted by dull1122: ↑

Alexandria,
We have not been given the comments from the Greenland Government as to what they require GGG to do over in their EIA. The company decided again, against releasing the communication that they absolutely received from the GOG as to what they require.

The only thing I can tell you is that if it had been something that can be done in 3 to 6 months they would have told us what it was. That's good news, they would have wanted to prove that good news. They didn't do that.

The likely problems include the GOG requiring that the company re do the entire sampling program. The one submitted early in the process was not really changed, just resubmitted a number of times. It took all the samples that were used from a tailings dump that from the 60's, the contents of which had been washed out for years. It didn't even begin to be representative sample and the GOG knows it. Not only is the GOG concerned about Uranium and Thorium, even more of concern, is the Fluorine. Doing the sampling over will take at least a year, if not longer and cost between 10 and 20 million. They also likely will also, have to redesign the tailings system. that will also take significant time and cost millions. GOG knows its design and plan is wholly inadequate. If they successfully get those things done and an EIA approved, the rest of the ML process will take at least another 4 years and 30 million.

So you are correct in asking why anyone would buy the stock now. The only reason to do so is if you believe the predictions based on fairy tales that some on this post put forward daily on this post.

For me, the biggest question as to this company succeeding in realizing Kvanefjeld's potential is whether the current management is fired and replaced by people who know how to do the job of getting a fully permitted mining license and building and economic mine such that Kvanefjeld can be successfully exploited. With current management it will cannot happen.

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Dull, you bought GGG, don't contradict yourself... again!

By the way where is your comm with the ASX if you are concerned about management not releasing market sensitive info?

GGG Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $29.58M

Open	High	Low	Value	Volume
2.0¢	2.2¢	2.0¢	$18.44K	877.2K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	95000	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.021
4	1017223	0.020
3	1370000	0.019
2	946590	0.018
1	1078254	0.017

Price($)	Vol.	No.
0.023	95000	1
0.024	300000	1
0.026	400000	1
0.027	211477	3
0.028	2708	1

Last trade - 16.10pm 11/10/2024 (20 minute delay)

ETM (ASX) Chart

Why buy now, page-4

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Sellers (Offers)

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Why buy now, page-4

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

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ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News