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Like I said a few out of 100s will do that......and there is no reason why this could not be one of the few successes! Unfortunately on AIM the odds are stacked against all AIM companies........will hold and hope!
GLA
Sold a lot of my rubbish/ dead shares and gone in big today at this price. I believe in the vision and potential of the company. Nothings changed overnight to to stop this train, it’s pulled over into the sidings for a while. Lots of good news over the next year will soon have this back to full steam ahead! Imho
GLA
Agreed Oversold. Took the opportuniy to trade out of my Alba position and buy in here at 2.5. Looks over sold and that usually means the price will work its way up. When it does i will rebuy into Alba as a way to get the exposure to GROC without the hit for more raises. Although with Albas ownership now down to 38% it's a strategy that is less beneficial tahn it once was.
The net proceeds will also support further commercial negotiations with potential offtake and financial partners, and general working capital requirements
When there's blood on the streets Mullins58........average down.....I know.....but I'm just not going to do it.....will stickholding and hoping though!
Yep , not a bad time to buy. ATB
And the selling price action recently stinks of insider trading!
Regardless of the viability of the project and the high hope for profit by buying shares in companies like GROC.......these placings just wreck our investments......over the years I've lost out in 100s of companies like this in the same way!
A few, however have done very well...which is the only reason I'm more or less break even.......we still hope this will be the one....chances are .....it's not!
I live in hope...but I won't be topping up! If the placing was at 4.5p I might have!
GLA
The 2.59 and 2.56 94k are buys. I hope too good to miss but you never know. I think some good news to follow in the next week to lift the SP
A good buy at these prices, overdone. Still a huge potential, just topped up, what a great long term investment opportunity
GLA
The board has shown they will dilute to oblivion and even worse for their benefit. They could of raised just above current sp to boost confidence or 10% below VWAP.
Instead they go for the ridiculous 2.5p. Another micro cap BoD shafting investors.
Ok and there you have it, the reason why the SP has dropped over last few days!!
Well thats gonna bugger it up again today , down to 2.5p we will be going. Talk about dilutive and with all the positives, you would have thought the placing could have been done at 3.5 or 4.5 as the last two. But its getting lower, so whats 2024 placings at ?.
New lows inbound today
Foreseeable future? More like 5 months.
Mates rates..... Nothing further to add.
2.5p, I would have liked to have had an opportunity for some of these. I suppose funding is now secure for the foreseeable future
GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that it has raised gross proceeds of £460,786 by way of a placing of 18,431,452 new ordinary shares of 0.1 pence each (the "Placing Shares") at a price of 2.5 pence per Placing Share (the "Placing Price") (the "Placing").
The net proceeds of the Placing will primarily be used to complete the feasibility study of a graphite anode processing plant and to undertake ongoing work towards the completion of Environmental and Social Impact Assessment studies for the Company's Amitsoq Project in Greenland. The net proceeds will also support further commercial negotiations with potential offtake and financial partners, and general working capital requirements.
Participants in the Placing include GreenRoc Chief Executive Officer Stefan Bernstein, Non-executive Chairman George Frangeskides and Independent Non-executive Director Mark Rachovides, who each subscribed for £5,000 of shares.
GreenRoc's CEO, Stefan Bernstein, commented:
"It is hugely satisfying that we now have the funding in place to complete the full feasibility study of the graphite anode processing plant. It will provide us with a comprehensive business case and clear path to building both the pilot scale and full production plant. With this, and our own stream of high-quality feedstock from our Amitsoq graphite mine in Greenland, GreenRoc aims to become one of only a handful of upcoming vertically integrated graphite anode producers globally and a strategically important graphite anode supplier to the European electric vehicle battery market.
"I am also very pleased that this fundraise will allow us to complete the remaining parts of the Environmental and Social Impact Assessments which, I am convinced, will lead to our application for an exploitation permit at Amitsoq being positively received in 2024.
"I would like to thank our group of supportive investors who continue to show their confidence in what
Looks like the chunky sales have been cancelled and backdated back to Friday. This doesn't feel right, this could be construed as manipulation!!
Or is this a typical MM game?
I've just seen some of chunky sales today especially at the end of the day.
Any reasons anybody?
First thoughts were the chinese trying to be friends with America.
Any comments appreciated.
China’s controls on graphite exports “a loud wakeup call” for the US, says Graphex CEO
https://www.mining.com/chinas-controls-on-graphite-exports-a-loud-wakeup-call-for-the-us-says-graphex-ceo/
Stupid drop in sp
this is shares at the moment.... even some good news and popele sell up
Https://www.mining.com/web/eu-agrees-rules-to-secure-critical-raw-materials-amid-race-with-china-us/
This will interest some
https://www.mining.com/featured-article/ranked-worlds-top-10-graphite-projects/