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

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On 28 Mar 2025, I raised these three questions under a different thread when the share price was 0.26p - (link to that thread at the end of this note):

1. Is it likely or unlikely that Disko will be drilled this year?

2. Is it likely or unlikely that Jameson Land will have a partner this year?

3. Is it likely or unlikely that there will be production at Greenswitch this year?

A few days later, on 7 April 2025, I commented: “I would focus on Disko, Jameson and Greenswitch (this was before the disposal of Kangerluarsuk). I would be badly disappointed if 80M failed to deliver some SUBSTANTIVE news before the year is out on at least two of these three projects, possibly all three."

Exactly one month later, on 28 April 2025, we received the SUBSTANTIVE news that well-funded March GL has been selected as the project partner for JL. On the day the news came out, I said I would be pleased with a share price of AT LEAST 1p before the end of 2025 if we have further SUBSTANTIVE news on either Disko or Greenswitch - or even both.

As for Disko, it’s now implausible that any drilling would be conducted this year. However, I am not ruling out SUBSTANTIVE news on the project before the end of 2025. I would regard the announcement of a partner for Disko and confirmation of drilling in 2026 as SUBSTANTIVE news.

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.

Now let’s look at a few high and low points of the share price in 2025 and the corresponding events:

0.29p - Day before March GL partnership announcement by 80M (27 April 2025)

0.29p - March GL partnership announcement by 80M (28 April 2025)

0.25p - Letter of Intent(LOI ) on the acquisition of Greenland Exploration Limited and an implied valuation announcement by Pelican (23 June 2025)

0.68p - Definitive agreement on merger to create Greenland Energy Company (GEC), implied valuation, and NASDAQ listing of GEC announcements by both Pelican and 80M (10 September 2025)

0.58p - Share price on the date of this note (5 October 2025)

≥ 1.00p - My expectation for the share price before the end of 2025

2025 Low: 0.23p (3 April to 9 April)

2025 High: 0.68p (10 September)

Good luck to all!

https://www.lse.co.uk/ShareChat.html?ShareTicker=80M&share=80-Mile&thread=B7C57E84-239A-42B8-AD90-CFB43BDD767C

On 5 October 2025, when the share price was 0.58p, I started this thread and made this 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."

Okay, the share price did not reach the 1p milestone by 31 December 2025, but I am so chuffed ​that we have hit the mark today (although 23 days late) with the share price closing at 1.1p.​ I am a happy bunny! I wonder where the share price might finish on 31 December 2026.

I will repost my 5 October 2025 ​note, in full​, next.

Published just 10 hours ago.

https://www.upstreamonline.com/exclusive/greenland-drilling-to-return-this-year-in-shadow-of-us-pressure/2-1-1931198

Post Davos conference speech, Trump says he has formed 'framework' of Greenland deal after meeting with NATO chief.

Following a “very productive meeting” with NATO'S secretary general, Mark Rutte, Donald Trump said that the pair have “formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region”.

The president added that if the deal is accomplished he will not impose the tariffs that were set to take effect in February on several allied countries that opposed the administration’s demands to annex Greenland.

“Additional discussions are being held concerning The Golden Dome as it pertains to Greenland,” Trump said in a post on Truth Social. “Further information will be made available as discussions progress.”

He noted that vice-president JD Vance, secretary of state Marco Rubio, and special envoy Steve Witkoff will all be part of ongoing negotiations, and will report to Trump.

Source: Guardian UK (22 mins ago)

March GL's (soon to become Greenland Energy Company) "Mission" as stated by the company on its website is: "Unlock Greenland’s vast hydrocarbon potential THROUGH innovative exploration in the Jameson Land Basin, driving energy security and economic growth."​ Click on the link below.

What this tells us is that GEC intends to use the JL project as its INITIAL route to success in Greenland. It is therefore not unreasonable to conclude that the positive reaction of Pelican Acquisition Corp​'s share price, prior to GEC's listing, is an early indication of the US market's confidence in the success of the JL project. That can only be a good thing for 80M and the share price. It is also not unreasonable to conclude that until GEC takes on other projects in Greenland, its share price would be largely influenced by the progress of the JL progress, and therefore 80M's share price would, in turn, be influenced (to a lesser or greater degree) by the performance of GEC's share price because 80M will owns 30% of the asset after the first two holes are drilled. It goes without saying that 80M's share price would also be influenced by the progress that the company makes with its other projects, namely: Ferrandina biofuel plant in Italy; Disko, Dundas and Thule projects in Greenland; and the Finnish projects.

https://marchgl.com/about/

Asked how far he is willing to go to acquire Greenland, Trump said: “You’ll find out.” Trump later said: “Something is going to happen which will be very good for everybody.” He added: “We will work out something out where NATO will be very happy and we will be very happy. “But we need it [Greenland] for security purposes, we need it for national security and even world security.” Trump added when he speaks to Greenlanders he is “sure they are going to be thrilled”.

An amended S-4 (A) was filed with the US Securities and Exchange Commission (SEC) last Friday, 16 January 2026. The original S-4 was filed on 30 October 2025. Hopefully not long now for listing.

http://pdf.secdatabase.com/1113/0001829126-26-000378.pdf

This was RachT2's first post on this chat board on 80M (she was posting as RachT then). Click on the link below and read the post at the very top dated 10 April 2024..

https://www.lse.co.uk/profiles/racht/?page=4

SpotTheNutters - You say RachT2 doesn't get the investment case, or further, doesn't 'want' to get the investment case, so it's a waste of effort trying to engage with her. I agree with your sentiments. When the price was at the sub-30 level last year, I started accumulating with heavy chunks of purchases to bring my average down (which now stands at the sub-0.30p level). She kept having a go at my strategy to average down. While the price was at the sub-0.30p level she was still talking down the stock. I don't think she wants to understand the importance of the risk-reward balance when making investment decisions because she is so fixated on one thing and one thing only. Talk down 80M at all times. She is here with a hidden agenda.

The poster operates on the basis that anyone posting anything that is positive about 80M is a ramper. But her over 700 posts, all negative, should be regarded as bringing balance to the chat board. How hilarious! I was her target from day 1 because I am an 80M enthusiast. Not sure whether you have seen her first post on this chat board (she used the name RachT then). Click on the link below and take a look at the post dated 10 April 2024 at the very top.

You may have noticed in recent weeks I have not engaged with the poster despite her mentioning my name in several of her posts. To all and intents and purposes, I have now filtered her. What I mean by that is I will read her posts but respond only when (a) She misrepresents what I have said or (b) When she presents non-facts as facts. I have decided to adopt this approach so that I don’t waste time on her, and more importantly to ensure that innocent readers are not misled by her presenting non-facts as facts. Here are two recent examples of where the poster has presented non-facts as facts.

She claimed that White Flame Energy (WFE) directors had set up Greenland Exploration Ltd. This was a false claim. So I asked her to produce the evidence. She came back with the reply that what she actually meant to say was Greenland Gas & Oil and not Greenland Exploration Ltd. Her explanation was that she got the names of the two companies mixed up but that does not stack up either because WFE was created after Greenland Gas & Oil. So how is it possible for directors of WFF to have set up Greenland Gas & Oil? I wonder whether all this constant negative thinking has addled her brain!

The second ​example was when she falsely claimed that Greenland Government's policy was to restrict the number of operating mines to between 5 and 10 at any one time. I corrected her claim that no such policy existed and suggested that she checked this with the Mineral Resources Authority. She subsequently accepted that no such policy existed. There are other examples I can cite but you get my drift.

I shall continue to watch RachT2 like a hawk, and if she misrepresents what I have said or presents non-facts as facts I would respond but not otherwise.

https://www.lse.co.uk/profile

Kennaway3: "US geopolitical backing and not forgetting the $100m investment from our partners which we don’t have to contribute to."

Good reply, K3, and I will add a third important factor. The uniqueness of the three oil exploration/exploitation licences of Jameson Land. That is, under the current Greenland government's policy, no new such licences would be issued.

RachT2 (15.01.26): "Sproule (correct me if I’m wrong) have not visited the site and have not undertaken any physical, on-the-ground assessments. Their work appears to rely entirely on “new” data supplied by Greenland Exploration Ltd (GEL). GEL, of course, is the very company set up by WFE directors themselves. That hardly qualifies as independent source material.​"

What is the evidence for your claim that White Flame Energy (WFE) directors set up Greenland Exploration Ltd?

I should have added ​to my earlier note that the Sproule ERCE report was prepared in line with the Petroleum Resources Management System 2018 (PRMS 2018). The report was validated by Jeffrey Aldrich, Principal Geoscientist at Sproule ERCE and a certified petroleum geologist, in line with international competency standards. That's good enough for me to place ​my confidence in the report.

At the General Meeting on 10 July 2024, the acquisition of White Flame Energy (holder of Jameson Land licences) was passed with the support of circa 88% of JAY shareholders (the company was then known as Bluejay Mining). Since JAY Board members Rod McIllree, Eric Sondergaard and Mike Hutchinson were White Flame Energy shareholders they did not participate in the voting. I attended the meeting and voted in favour of the acquisition. An occasional and skeptical poster here, known as LWHL, once asked me why I voted for the acquisition. I gave these as my main reasons:

​❖​ LARGE MULTIPLE COMMODITY ASSET: Jameson Land is an 8,429 km² ‘oil and gas’ asset that contains helium, white hydrogen, liquid hydrocarbons (oil), etc.

​❖​ PROSPECTIVITY - ARCO and GEUS have concluded that the Jameson Land contains all the essential source, reservoir, seal and trap elements to host multiple large-scale natural & industrial gas reservoirs in addition to liquid-rich hydrocarbons. I was impressed by this statement: "ARCO calculated that there could be potentially 4.0 - 10 billion barrels of liquid hydrocarbons in place within the Permian aged reservoir rocks and 4.6 - 11.5 billion accumulated within the Jurassic along with associated industrial and natural gases." We now have the latest independent evaluation conducted by ​the US-based geoscience services company Sproule ERCE identifying approximately 13.03 billion barrels (P10) of gross unrisked recoverable oil resources in the Jameson Land Basin.

​❖​ UNIQUENESS OF LICENCES - The acquisition comes with not only three exploration licences but also extraction licences for oil. Moreover, no other company in Greenland has licences for exploring or extracting oil because in 2021 the Greenland government took a policy decision not to issue any such licences in the future. In her presentation to the "Arctic Circle" conference in 2021, Naaja Nathanielsen (Greenland's Minister for Minerals) proudly referred to the ban (link below).

If you haven't already, I would suggest you watch the most recent video interview with RM on this subject. For the purpose of this post, just focus on what he has to say about Jameson Land (move the video to 1:00 min). RM rates Jameson Land as the most valuable mining asset in Greenland in terms of potential contained value, followed by Disko (12:30 mins into the video).

Presentation by Naaja Nathanielsen - https://www.youtube.com/watch?v=j1LqJ3Ivk28

Interview with RM - https://youtu.be/PidhWEVzGP0?t=1

For the purpose of clarity, I did NOT say or imply that merger could happen before drilling. What I speculated was it could only happen after GLND is listed.

I suspect Rod McIllree would have an influential say on the matter.

https://80mile.com/shareholder-information

On 24 August 2025, I started this thread and asked the question whether 80M would be taken over after the March GL and Pelican Acquisition Corp merge. After I raised the question, a few events have cropped up since then which strengthens my question:

1. On 10 September 2025, 80M announced (via an RNS) that Roderick McIllree would be appointed to the Board of Pelican as an Executive Director, representing 80 Mile.

2. On 3 November 2025, 80M announced (via an RNS) RM would join the board of USFM as a Director. USFM is 80M's JV partner for Disko.

3. On 13 November 2025, 80M announced (via an RNS) that Mr. Robert Price was central to the structuring and arrangement of potential funding for all three transactions of 80M. Namely, the acquisition of Hydrogen Valley (where RP is a Director); the JV with March GL on Jameson Land; and the JV with USFM on Disko.

4. On 17 November 2025, 80M announced (via an RNS) that Eric Sondergaard would be stepping down as Managing Director of the company and was expected to join the board of USFM as a Director.

5. On 7 January 2026, 80M puts this out on its X account: "Meet the Team, Eric Sondergaard, Director USFM" with a picture of him. Why say ES is a member of the 80M's team ​on the company's X account when he has left ​80M and joined USFM?

All these inter-connected events make me seriously wonder whether Greenland Energy Company (GLND) and 80M have become so closely inter-twined as related partners to the extent that the natural progression for the two companies would be to merge into one entity at some point in the future after Greenland Energy Company goes publicly-listed on NASDAQ. The main benefit for GLND from such a merger would be the company becoming owner of two of the most potentially valuable mining assets in Greenland. The main advantage for 80M would be that a merger would provide access to a US tier-1 market for raising capital for developing the two assets more easily, which would be an almost impossible task if 80M were to remain as a separate company.

This is just an opinion from my observation of the above events.

Naaja Nathanielsen, Greenland's minister for Business, Trade, Mineral Resources, Justice, and Gender Equality, held a press conference yesterday (13 January 2026) after addressing MPs at a meeting in the Inter-Parliamentary Union (IPU) room, in the Houses of Parliament, Westminster, organised by the All Party Parliamentary Group (APPG).

https://youtu.be/a6Gq4v6yjGQ

Rod McIllree rates Jameson Land as potentially the most valuable mining asset in Greenland, followed by Disko.

Looks like LSE chat board does not like tinyurl links. Let try this! Click on the link below and go to my post dated 31 July 2025. Hopefully, you will be able to open those links.

https://www.lse.co.uk/ShareChat.html?ShareTicker=80M&share=80-Mile&thread=46D0F8B6-D677-4266-BF4A-DA4547E49E20