RE: Robert Price29 Mar 2026 13:53
What spurred me to post this note was a comment by SilverFoxd (27 March 2026): "For me personally, based on what RP has done with GLND we should have every confidence that he can do same with Disko, I think that isn’t priced in correctly at present. The one risk for me is HV, the RNS released with great fanfare but with little SP movement was the statement this would be earning significant profits in short term. I would settle for this breaking even for now, knowing we aren’t leaking cash reduces need for further dilution." - Unquote
On 13/01/25, 80M held a General Meeting for shareholders to approve the acquisition of Hydrogen Valley. I attended the GM and voted in favour of the resolution. At the meeting I met Robert Price for the first time and had a pleasant chat with him. I found RP to be a soft-spoken and humble person. I was most impressed by this quality of the man. At that time did I ever think that RP would, one day, be playing a crucial role in developing 80M’s potentially most valuable asset Jameson Land.
Moreover, what’s quite interesting about RP is that his fingerprints are all over 80M:
1. He remains a director of HV, having been a director of the company before it was acquired by 80M.
2. An "associate" of USFM, the JV partner on the Disko project.
3. CEO of March GL, the JV partner on the JL project. He is now the CEO of recently listed Greenland Energy Company (GLND), which has absorbed March GL, and is listed on Nasdaq.
RP's involvement with 80M is therefore quite deep and wide-ranging. The business association between Rod McIllree and RP goes way back to the time when JL licences were put out to tender in 2015 by the Greenland government. Greenland Gas & Oil company where RM was Chairman and a major shareholder and RP competed for the licences but GGO prevailed (the licences transitioned to White Flame Energy later). Nevertheless, the two men have maintained an effective and cordial relationship since 2015. RM is now on the Board of GLND where RP is the CEO.
Is it not just fascinating that RP will be leading GLND which will soon become a 70% owner of the very licences he failed to acquire in the first place in 2015. Who knows, he might even go for 100% ownership of the licences. In 2022, RM wanted to list Disko on the London stock market as a separate entity from Bluejay Mining (- https://www.80mile.com/regulatory-news/63336 - ). RM's attempt failed. Instead, we now have JL, a more prized possession of 80M, listed on the US Tier 1 stock market Nasdaq, via GLND.
To sum up. RP wanted the JL licences. RM wanted a separate listing of one of 80M's assets. Both have achieved their wishes, somewhat. Maybe this whole story should be viewed as a fortuitous twist of fate for the two men! Let's hope that the working relationship between them continues to flourish for the combined benefit of both GLND and 80M shareholders, subject of course to compliance with AIM Rule 13 on related party transactions.
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