Member Info for A-s-h-t-o-n

SpotTheNutters is quite correct to remind us that 80M has risen 4 fold from its low in the last 12 months.

Low point in 2025 was between 3 - 9 April = 0.23p

High point in 2026 (so far) was on 30 January = 1.24p

That's a circa 439% rise.

80M is a junior mining company which is still in the exploration phase. One can therefore expect share price spikes. What is also important is to recognise the fact that there has been a sustained upward share price movement in the last 12 months. It's the Jameson Land/Greenland Energy Company news - starting with the RNS on 28 April 2025 of March GL's partnership with 80M - that has been the main driving force behind this upward movement.

0.29p: RNS 28 April 2025 - March GL partnership with 80M.

0.68p: RNS 10 September 2025 - Definitive agreement on merger to create Greenland Energy Company (GEC), implied valuation of US$92M for 80M's 30% of the asset, and the forthcoming NASDAQ listing of GEC.

0.79p: RNS 29 October 2025 - Independent Petroleum Reserves and Resources Evaluation Identifies 13 Billion Barrel Potential at Jameson Land Basin.

1.24p: High point in 2026 so far

We have three BIG news items to come in 2026: (a) Results from drilling at Disko (b) Results from drilling at Jameson Land (c) Production at and revenue cash flow from Ferrandina (Greenswitch) plant, plus any other unexpected BIG positive news.

Good luck guys!

Https://www.youtube.com/watch?v=JY5LgRn1x9M

I think you have missed the point. I expressed them as opinions and alongside presented my reasons. I accept I got the valuation of Kangerluarsuk wrong but was proved nearly right with the 1p share price expectation. It didn't happen by 31 December 2025 but it happened on 23 January 2026 (1.1p). As I said, one of the purposes of this board is to express opinions with reasons. That does not necessarily mean if they are proved to be wrong, they were ramping.

You have now gone and set the bar for the definition of a ramping: "If you—or anyone else—can provide evidence showing that the claims listed above (and others) are properly substantiated, or have actually occurred within the stated timeframes, and therefore do not fall within the definition of ramping, then by all means please share it."

Have you lived up to your own definition when it comes to predictions? I say No because you also have got your predictions wrong. Moreover, when they did not materialise within your originally stated timeframes, you went and changed the timeframe. Here are some examples:

RachT2 (5/08/2025): " I suggested months ago a likely placing range of 0.20–0.22 - and nothing I’ve seen changes that view.”

Just a month later, you changed your prediction.....

16/09/2025: “ I’d say it’s a 50:50 chance. If it happens, my estimate would now be around the 0.36 - 0.38 level."

A month later.....

21/10/25: "I still see an imminent fundraise ahead. In my opinion, the current SP (0.68p) is as high as it’s likely to get until (Jameson Land) drilling progresses. My best guess remains a fundraise around the 0.38 level."

There was a fundraise in December 2025 but not at your predicted 0.38p but at 0.50p.

You predicted that 0.68p was as high as the share price likely to get before Jameson Land drilling. The share price has since hit a peak of 1.24p (30 January 2026) and we still have many more months to go before Jameson Land drilling.

The above shows that you are just as fallible as anyone else here when expressing an opinion. So, please try and stop this ramping nonsense!

RachT2 - From your list, let me pick a couple of items that can be attributed to me.

~~~

You claim, because I said "At least 1p by the end of 2025", I was ramping. I refute your claim it was a ramp. It was an opinion supported with reasons. On 5 October 2025, when the share price was 0.58p, I started a thread and made the comment: "Is my share price expectation of at least 1p before the end of 2025 an unreasonable judgment? I don’t think so for two reasons: (a) Current share price momentum triggered by a recent string of announcements on JL from both 80M and Pelican (b) Anticipated newsflow between now and the end of the year on all three projects (Disko, JL and Greenswitch), plus any surprise announcements (who can tell). I must add here that I am expecting a considerable amount of global media coverage about Jameson Land Basin’s oil potential in the run-up to the IPO of Greenland Energy Company (GLND) on NASDAQ in Q4 2025." - End

Okay, the share price did not reach the 1p milestone by 31 December 2025, but it did hit the mark on 23 January 2026.

How can the above comments be regarded as ramping when all I did was express an opinion with reasons?

~~~

You claim I said "Value of Kangerluarsuk = £34m". This is not factually correct. I said $34m. Never mind! When I came up with the figure of $34m (see my note dated 29 Dec 2023), I gave my reasons. I estimated Enonkoski's valuation at $27m based on Rio Tinto's JV expenditure terms. Kangerluarsuk being a district-scale asset, I then estimated it at 1.25x $27m and came up with a valuation of $34m.

How can my estimate of $34m be regarded as ramping when all I did was try to put a value on an asset by using certain factors.

~~

As you can see, in both of the above cases, I expressed an opinion backed by reasoning. I did not pluck the figures 1p or $34m out of this air. But you label me as a ramper. What's the point of a chat board if people can't express opinions with reasons? You may not realise this but you seem to be so obsessed with the words "ramping" and "rampers". Click on this link to access your posts and do a word search for "ramping" and "rampers" and you will see what I mean.

https://www.lse.co.uk/profiles/racht2/

Regardless, no need to refer to posters as "rampers" if you meant what you said: "respect each other's right to have, and express, an opinion."

RachT2 (31 Jan 2026 - Post addressed to SpotTheNutters): " You have your opinion - and I have mine. Simple. One of us will be proven to be right in the fullness of time - but while we wait lets just agree to disagree and respect each other's right to have, and express, an opinion."

In the last note I posted, I shared the email exchange between the poster Jimbolina and Eric Sondergaard (former MD of 80M). I did that for the benefit of newcomers to the board. The immediate reaction from RachT2 was: "This looks like yet another attempt to keep the ramp going – there’s nothing new here, just further regurgitation of very old information."

One of the purposes of this board is to share information, and that's all I did. For that I was labelled as a ramper.

I would therefore say those words from RachT2 "respect each other's right to have, and express, an opinion." are just hollow utterances.

In August 2025, the poster Jimbolina emailed this question to Eric Sondergaard (MD of 80M then): "I was wondering if 80M Directors have had any conversations with either the EU, Denmark or the Trump administration about installing any critical infrastructure in support of 80M’s projects. I was thinking specifically about Jameson land basin such as roads, a pipeline or a docking port etc…Denmark is on the record as noting that it does support spending money to assist projects."

Reply from ES: " Thanks for reaching out, and for your support as a shareholder.

80M has indeed had proactive conversations regarding our programs with the EU, Denmark and the USA.

As you are aware, we have a MOU with March GL to fund a drilling program on the Jameson Basin, in the coming seasons. This has materially advanced since our last market update, and we hope to be able to make a release on this in the near term. https://www.globenewswire.com/news-release/2025/06/23/3103853/0/en/Pelican-Acquisition-Corporation-Signs-Letter-of-Intent-to-Acquire-Greenland-Exploration-Limited.html

The Pelican / March GL agreement is currently non-binding, however 80M will enthusiastically release this news if/when it becomes binding.

Any other questions and I will do my best to respond within the confines of disclosure rules." - End

In 2025, I too made enquiries with 80M management and asked whether the company has had any contacts with the Trump administration. I had an affirmative reply from 80M. I understand 80M's contact was at a very high level within the administration.  

“Project Vault” at the White House, a couple of days ago. I would suggest you watch the main part of the clip and leave out the Q&A as the latter covers other topics.

The words “mining” and “equity deals” were mentioned several times by the people who spoke.

There are three people in the room who will have a special interest in Greenland and its minerals: President Trump, Howard Lutnick (Secretary of Commerce) and Dough Burgum (Secretary of the Interior)!

https://www.youtube.com/watch?v=MDl22wUA_1Q

I want to first thank longinthetooth for bringing to our attention that President Trump has announced the creation of a CRITICAL MINERAL RESERVE worth nearly $12bn, a stockpile that could counter China’s ability to use its dominance of the hard-to-process metals as leverage in trade talks. The initiative is called "Project Vault" and the US secretary of the interior, Doug Burgum, said 11 additional countries would be announced for the initiative later this week. The project is compared to the Strategic Petroleum Reserve (SPR), which was created in the 1970s when an Arab oil embargo led to a disruptive shortage of gas (1st link below).

Disko is blessed with these minerals: Cobalt, Copper, Nickel and Platinum Group Metals (PGMs). PGMs are defined as a group of six elements, including platinum, palladium, rhodium, ruthenium, iridium, and osmium. In November 2025, the US government’s Department of the Interior published the final list of critical minerals. Importantly for us, except for Osmium, all of Disko’s minerals are on the list (2nd link below).

Given Trump's focus on Greenland, it is more than likely that the administration must be aware of the critical minerals project Disko and the oil & gas project Jameson Land (Note: Chris Wright, Secretary of Energy accompanied Vice President J D Vance when they visited Greenland last year).

https://www.theguardian.com/us-news/2026/feb/03/trump-critical-minerals-stockpile-project-vault

https://www.usgs.gov/news/science-snippet/interior-department-releases-final-2025-list-critical-minerals

On 18 November 2025, I started this thread and listed 11 items on which we were waiting for confirmation of delivery from 80M, Since then I have been updating the list continually. Following my last update on 26 January 2026, 80M have now drawn our attention to a new item, namely the assay results from the Thule copper project. I have added this to the list, which brings the total number of pending news items to 13 as listed below. Please note that the order of the list does not reflect the chronological sequence for delivery of them. Also note, I have drawn the 13 items from RNS releases where 80M have raised expectations of delivery. They are NOT my personally concocted list. The onus is therefore on 80M to deliver them.

DISKO

1. Heads of Terms JV Agreement converted to a Definitive Agreement.

2. $30 million secured for fieldwork as part of the JV Definitive Agreement.

3. £500,000 received as part of the JV Definitive Agreement.

4. The Greenland Government approves fieldwork, including drilling in 2026.

5. Drilling company selected.

JAMESON LAND

6. Greenland Energy merger and IPO completed.

7. The Greenland Government approves fieldwork, including drilling in 2026.

8. Drilling rigs arrive at Jameson Land.

THULE

9. Assay results following fieldwork released.

FERRANDINA (GREENSWITCH) PLANT

10. Applications for grants identified in the RNS 12 February 2025 approved (Comment: 80M has secured a grant of €10 million since the last update of this list).

11. The five MOUs identified in the RNS 28 October 2025 converted to Definitive Agreements.

12. Production restart has commenced (Comment: The January 2026 timescale for full production stated in the RNS on 28 October 2025 has now been revised to Q2 2026 since the last update of this list).

CORPORATE

13. New CEO appointed.

Plus any other positive item(s) of surprise not listed above.

Please note, 80M have given timelines for delivery of these events only:

a) DISKO - Q1 2026 Binding Agreement signed with USFM Corporation; Q2/Q3 2026 Mobilisation activities & confirmation of priority drill targets; Q2/Q3 2026 Subject to final approvals from the appropriate regulatory bodies drilling commences.

b) JAMESON LAND - Q1 2026 Greenland Energy Co listed and trading on NASDAQ; Q2/Q3 2026 Drilling equipment, infrastructure & contractors mobilised to Jameson Land; H2 2026 Drilling underway.

c) FERRANDINA (GREENSWITCH) PLANT - Q2 2026 Updates on the procurement offtake agreements for production; Q2 2026 Production restart of the biofuel plant; H1 2026 Revenue generated.

I will be returning to the list to tick each of the 13 items off (with any appropriate comments) as and when 80M confirms their delivery via RNS updates, hopefully.

This article is dated today (2 February 2026). Trump hasn't given up on his idea to buy Greenland. He said so at a private dinner for the elite two days ago. Watch the video which has a commentary on what he said.

https://timesofindia.indiatimes.com/videos/international/room-goes-silent-as-trump-jokes-about-merger-of-canada-greenland-venezuela-into-us-watch/videoshow/127863728.cms

❖ House Speaker Mike Johnson remains confident that the US government shutdown will end by Tuesday, February 3rd. On that basis, the SEC is expected to open on Wednesday 4th (assumption)

❖ The SEC approves Pelican's application for NASDAQ listing within 2 weeks from February 4th (assumption)

❖ As a publicly listed company, PELI is required to give 3 weeks notice to shareholders before calling an Extraordinary General Meeting (fact)

❖ Once shareholders have the approved the merger, NASDAQ listing to take place within 1 week (assumption)

So, my estimate (I repeat 'estimate') is that Greenland Energy Company's listing on NASDAQ is likely to take place ​in about 6 weeks​' time from today. This estimated timeline is still within the period of Q1 2026 that 80M communicated to the market on 27 January 2026.

A reminder: https://www.woodmac.com/events/webinar-2026-exploration-wells-to-watch/

I have already registered to listen to the webinar, and have also put forward these questions:

1. What are the views of the experts of the Independent work by Sproule ERCE that identified prospective recoverable resources exceeding 13 billion barrels on a P10 basis for the Jameson Land basin?

2. What are the main challenges of the project?

3. What are the chances of the US government providing financial support for the JL project (e.g. Infrastructure)?

In my previous note today, I said: "Taking into consideration all the known factors at present, the key question is: Should one average down, average up, or even become a new investor at the current share price level, given the fact that there are a number of exciting news items waiting to come out in 2026?"

On 23 November 2025, when the share price was 0.54p, I set up a separate thread with the title " What could raise the share price to a new height not seen recently?" Under that thread, I posted a list of the impending news items. In light of the recent RNS updates, I will be posting a revised version of the list in due course.

I was delighted when these posters shared the information that they have averaged down. If I have missed any others who have done the same, my apologies.

soletraderbl1 - Averaged down from 14p to 0.85p.

Jimbolina - Bought as high as 24p in 2017, and now averaged down to 1.1p.

VikR - Averaged down

Well done you three! On 10 January 2025, I posted a note to say that I took the opportunity of the sub-0.30p share price level during last year to hugely increase my shareholding. As a result I now have LARGE shareholding at an average price below 0.30p. So, I am also in the "Averaged Down Club"!

In 2025, the share price hit a low point of 0.23p between 3 ​- 9 April and I repeatedly posted the message that I was averaging down. I also said, even if someone was not averaging down, the sub-0.30p level was an excellent entry price on the risk-reward scale for new investors.

Taking into consideration all the known factors at present, the key question is: Should one average down, average up, or even become a new investor at the current share price level, given the fact that there are a number of exciting news items waiting to come out ​in 2026? Only you can answer that question since each person’s assessment of the risk-reward balance, tolerance to risks and their financial position can be different.

I have repeatedly posted here that 80M is currently a high-risk/high-reward play. If you are looking for certainty of a successful drill that establishes the presence of a financially viable oil reserve or minerals deposit (Jameson Land and Disko), don't waste your time here. Come back after drilling and the results are published. The poster, Guly's note (31 Jan 2026 11:34 "Market dynamics 5-10x potential") succinctly presents the "market psychology" currently in play (Thank you Guly). That note is a must read. Please also take a look at the excellent article longinthetooth posted a few days ago (Thank you LITT). It was written with retail investors in mind and the words "retail investors" appears 13 times in the article (link below). Also take a look at the articles on "Averaging down" and Averaging up" (links below).

On 28 April 2025, when the share price was 0.29p, I posted a note to say I would be pleased to see the share price reach AT LEAST 1p before the end of 2025 and gave my reasons for it. Unfortunately, the share price did not reach the 1p milestone by 31 December 2025 as I was expecting, but I was chuffed when the price hit the mark on 23 January 2026 when it closed at 1.1p. The current share price is 1.24p, and I wonder where it might finish on 31 December 2026.

We are in the "Make Your Mind Up" time zone. So, good luck with your decision!

https://www.share-talk.com/80-mile-plc-and-the-re-rating-of-a-diversified-energy-and-critical-minerals-portfolio

https://www.investopedia.com/ask/answers/04/052704.asp

https://www.investopedia.com/terms/a/averageup.asp

Https://www.woodmac.com/events/webinar-2026-exploration-wells-to-watch/

I have registered to listen to the webinar, and have also put forward these questions:

1. What are the views of the experts of the Independent work by Sproule ERCE that identified prospective recoverable resources exceeding 13 billion barrels on a P10 basis for the Jameson Land basin?

2. What are the main challenges of the project?

3. What are the chances of the US government providing financial support for the JL project (e.g. Infrastructure)?

Under the heading " Hydrogen Valley Industrial Gas & Petrochemical Facility in Italy", the presentation material released yesterday makes reference to two separate grants: (a) €10M (£8.7M) grant secured for the development of a green hydrogen plant with solar powered electrolysis. (b) €30M plus (£26M plus) in anticipated grants being sourced to secure scaling SAF production.

For the benefit of newcomers to 80M, I thought of sharing this additional information regarding the two grants.

DEVELOPMENT OF A GREEN HYDROGEN PLANT: As for the €10M grant that has been secured, this is the background: The "Green Hydrogen Grant Programme" consists of two separate programmes: One at the Regional level of Basilicata in the amount of €10 million, as pertains to Greenswitch, and another at the National level. In this regard, Greenswitch was awarded through the National Recovery and Resilience Plan (PNRR), €10 million for its green hydrogen development project. This award expired before Hydrogen Valley was able to close on its acquisition of Greenswitch in 2024. Therefore, Hydrogen Valley requested that such a grant be reassigned to Greenswitch. It is this outstanding €10M grant that has now been secured.

SCALING SAF PRODUCTION: As for the €30M plus in anticipated grants, this is the background: This programme is managed by the Italian state-owned INVITALIA. The programme is always open and is of particular interest for larger projects such as Greenswitch's SAF development. In recent years, over €18 billion (yes, €18 billion) have been distributed under this programme. As of now, this programme has an additional €6 billion (yes, €6 billion) available for industrial development ranging from a minimum of €20 million upwards. 80M is trying to secure  €30M plus.

PS: INVITALIA stands for the National Agency for Inward Investment and Enterprise Development in English.  It is the Italian government agency responsible for promoting foreign investment, supporting business development, and enhancing regional competitiveness.

Hope newcomers will find the above information helpful.

On 1 May 2024, Bluejay Mining informed the market that the company had acquired a copper asset named Thule. The RNS included this statement from Eric Sondergaard (MD at that time): "This acquisition represents a strategic opportunity within a region that we already have a dominant footprint. This project has seen very limited systematic exploration for its copper in more than 50 years. This project has been identified as being strategically located for large scale deposits of copper metal. As a demonstration of the teams' capabilities the Thule Copper will incur virtually no cost to the company over the coming years due to previous expenditure at Dundas and coupled with our existing exploration camp provides us with unparalleled and dominant access to the entire region. We note with high interest the endeavours of industry giants like BHP, who are now appearing at scale in the northern latitudes in search of copper. Copper is seen as remaining in deficit for the next 5 years and we are positioning the Company to take advantage of what will be a highly supportive environment for copper developers. The Thule Copper project represents a massive opportunity for shareholders not just for immediate exploration success, but also as potential for long-term M&A for strategic early movers as these new regions transform into strategic geopolitically competitive hubs."

In this video, ES talks about the Thule asset and made an interesting comment that a major miner was specifically interested in the project but the company intends to go it alone - https://youtu.be/5G5jwsxhC8E

The presentation material released today has a section entitled "Upcoming Catalysts & News Flow" (page 20). I was pleased to note that Thule features here (albeit briefly) and it says that we can expect assay results from the field study in due course. I will not underestimate the value of this asset. The Thule Basin represents an area of significant, underexplored mineral potential. It hosts the first-order controls required for sedimentary copper deposits and mineralisation was observed within several geological units across the basin. Encouraging ore-grade samples of mineralisation locally exceeding 10% copper have been identified (Note: >10% copper). The company has an established and substantial permanent exploration infrastructure at Moriusaq, which can serve as a basecamp for activities on the expanded licence area, allowing for cost effective exploration. It is interesting that the Thule project has been included in the section "Upcoming Catalysts & News Flow" in the presentation material.

CC - I did not mention the Finland assets because my list included only those items where 80M has specifically informed the market to expect news on them. That said, I am glad that they have been given prominent coverage in the presentation material.

I started this thread on 18 November 2025 and listed 11 items on which we are waiting for confirmation of delivery from 80M. I have drawn these items from RNS releases where 80M has raised expectations of delivery. They are NOT my personally concocted list. The onus is therefore on 80M to deliver the items.

I wish to now update the list with a new item that 80M have drawn our attention to on the company's X account (formerly Twitter) since I last updated the list.  Namely, the search for a new CEO. I must emphasise that there has not been an RNS confirmation of this initiative.

Please note that the order of the list below does not reflect the chronological sequence for the delivery of the items.

DISKO

1. Heads of Terms JV Agreement converted to a Definitive Agreement.

2. $30 million secured for fieldwork as part of the JV Definitive Agreement.

3. £500,000 has been received as part of the JV Definitive Agreement.

4. Greenland Government has approved fieldwork, including drilling in 2026.

5. Drilling company has been secured.

JAMESON LAND

6. Greenland Energy merger and IPO has been completed.

7. Greenland Government has approved fieldwork, including drilling in 2026.

8. Drilling rigs have arrived at Jameson Land.

FERRANDINA (GREENSWITCH) PLANT

9. Applications for grants identified in the RNS 12 February 2025 have been approved.

10. The five MOUs identified in the RNS 28 October 2025 have been converted to Definitive Agreements.

11. Production restart has commenced, and the plant has gone into full production, as per the RNS on 28 October 2025.

CORPORATE

12. New CEO has been appointed.

Plus any other positive item(s) of surprise not listed above.

Please note, only in the case of the following events that 80M has stated a timeline for delivery:

a) FERRANDINA (GREENSWITCH) PLANT - Plant restart in December 2025 with full production in January 2026 (RNS 28 October 2025).

b) DISKO - Drilling in spring/summer 2026 (RNS 3 November 2025)

c) JAMESON LAND - Drilling in H2 2026 (RNS 24 November 2025 and RNS 13 November 2025).

I note that the chat board is busy with excitement over the impending listing of Greenland Energy Company on NASDAQ. That is quite understandable. But I am sure we don't want to overlook the fact that there are also other news items pending.

I will be returning to the list to tick each of the 12 items off (with any appropriate comments) as and when 80M confirms their delivery via RNS updates, hopefully.