Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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An encouraging update.
https://www.lse.co.uk/rns/AMRQ/south-greenland-copper-exploration-update-rxvai5v5xfoxqzt.html
13th. June
https://www.lse.co.uk/rns/AMRQ/notice-of-iceland-capital-markets-day-n6ns8eh27wpzwkf.html
And some more
https://www.lse.co.uk/rns/AMRQ/directorpdmr-shareholding-iz3nosq9uw60dny.html
ScarletVixen. Obviously you will do your own research but I believe that Nalunaq was mined from about 2004 until maybe 2013 and produced a lot of gold. I can't vouch for the accuracy but 350 000 oz (total) seems to get mentioned a lot. The only question for me is, is the mine tapped out or have the more recent drilling programs shown there is plenty more to be had. Obviously as I've bought the shares I have faith in the ability of the company to produce gold from this mine and in time other resources from its other potential assets. All before running out of money (as usual!) but it is currently well funded. Hopefully! DYOR etc.
- Is the mine same one that a previous AIM company attempted to mine and process gold and showed a picture of a gold bar
and then promptly went bust
Seems there is vessel for fuel supply today https://www.marinetraffic.com/en/ais/home/shipid:159244/zoom:14
It’s Arion! Hot blast before.
Go through 3% ( on day of First Blast RNS )
https://www.londonstockexchange.com/news-article/AMRQ/holding-s-in-company/16455733
Actually, a tad earlier maybe. June.
“The Company expects to mine first gold in 2024 and plans to provide a progress update with timings for guidance for the project at an investor event in June 2024. First production guidance for 2025 will be provided towards the end of 2024.”
The price has gone rather stagnant here. I think that’s fair enough. As I said before, it went a bit fast. Some pundit remarked, a throwaway, I think on Sunday Roast, along the lines it should be a good year for Amaroq. It’s a miner, so you don’t know, but they have a clear roadmap to first production, and other stuff. We’ll hear more in second half.
Https://www.lse.co.uk/rns/AMRQ/directorpdmr-shareholding-oo2069jpugmn6xl.html
71p equivalent current exchange rate.
Amaroq team at the First Underground Mining Blast at Nalunaq 📸
https://twitter.com/Amaroq_Minerals/status/1777665637227147543
The first underground blast represents a key step towards full commissioning of the Nalunaq mine and unlocking the mine’s potential.
Subscription site article but good to see more positive coverage.
PREMIUM CONTENT
Amaroq Minerals – first underground mining blast at Nalunaq, with further upcoming catalysts. Value BUY, More than 50% upside
Amaroq Minerals (AMRQ) has announced that a successful first underground mining blast at Nalunaq has been initiated, emphasising this a “key step towards full commissioning of the Nalunaq mine”. This is just the start and we believe that further operational progress will drive a re-rate as this is, at a current 76.2p share price, £249 million ($315 million) market capitalisation, a value buy.
By Tom Winnifrith & Steve Moore | 6 April 2024, 10:46 |
Iceland no trades showing. In line with this.
The Greenland Mining opportunity:
https://twitter.com/ACFER01/status/1767590698537099620
Good to know that everything is on schedule.
Eldur Olafsson, CEO of Amaroq Minerals, commented:
“I would like to congratulate the team on site at Nalunaq who, working alongside our contractor Thyssen Schachtbau, have reached a milestone moment. Work at Nalunaq is progressing to schedule, with rehabilitation works now complete as we prepare to commence trial mining between 100 and 150tpd from Mountain Block."
Canada selling 76.76. Iceland closed. 77p
Buying I should have said.
Iceland trading 79p.