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

TA - You say you expect one or both of the existing institutions to be involved in the next fund raise. I am aware of only one institution that is currently a significant shareholder as reported by 80M. What is the other institution?

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

“We strongly support your right to determine your own future, and if you choose, we welcome you into the United States of America. We need Greenland for national security and even international security, and we’re working with everybody involved to try and get it, but we need it really for international world security, and I think we’re going to get it. One way or the other, we’re going to get it. We will keep you safe. We will make you rich. And together, we will take Greenland to heights like you have never thought possible before.”

Greenland - https://www.cnn.com/2025/03/04/politics/video/greenland-trump-address-congress-digvid

Full Speech - ​Panama & Greenland ​from 2:​09:00 - https://youtu.be/yuwSGEnFMUA?t=2623

An election for the Greenland Parliament will be held on 11 March 2025. The current Government remains in office until a new Government has been appointed. The present Government can only act on items that are necessary for the operation of office. Until a new Government is appointed, case-processing in certain mineral cases will be affected.

https://govmin.gl/2025/02/greenland-parliamentary-election/

Chirpy - You asked, and here are my answers:

1. Is it likely or unlikely that Disko will be drilled this year? LIKELY (High 95%)

2. Is it likely or unlikely that Jameson Land will have a partner this year? LIKELY (Low 60%)

3. Is it likely or unlikely that there will be production at Greenswitch this year? LIKELY (High 95%)

The percentages shown indicate my level of confidence for each of the events succeeding. If my confidence percentage for an event had been below 50%, I would have then rated it as UNLIKELY. A rating of 100% (copper-bottomed certainty) can only be given when we get an RNS confirmation for the event.

"To reiterate, the reason why I think Ashton's questions are irrelevant is because of the history of the company. Many promises and proclamations, which have delivered only disappointment and (heavy) dilution."

Thank you, LWHL, for making your position clear. That is, you are predisposed to the belief that because of 80M’s poor history it is unlikely to achieve any meaningful progress with its vital projects to provide shareholder value to investors. I shall now view all your future posts through this prism of predisposition.

You have described me as an "investor". Yes, that is correct. However, I would like to clarify your description of "investor" as it applies to me. I bought into this stock in 2020 with a 4-year time frame, hoping/expecting to exit with a decent return on my investment in 2024. My hope/expectation was based largely on Disko's potentially high value being proved. Unfortunately, since 2022 we have had two years of no fieldwork at Disko, thanks to Rob Edwards (2023 and 2024 field seasons were a write off). I had to therefore extend my time frame to 2025/2026. In the meantime, I have, however, reduced the average price for my shareholding to a level that is now substantially well below 1p. Also in the meantime, 80M has added two new assets to its portfolio, namely Jameson Land and Greenswitch. It is therefore my hope/expectation that if the three events (or for that matter even two) to do with Disko, Jameson Land and Greenswitch come good, I have every decent chance of exiting with a hugely satisfying profit. That may or may not happen because we are dealing with a high-risk AIM stock, and therein lies the rub. But, who can tell? And if I don’t achieve my hopes/expectations by 2025/2026, I am out, regardless. And once I am out, I would cease to be a poster here.

I must add here that I have learnt some lessons from past experience and have therefore divided my enlarged holding into two chunks. One chunk is for trading and the other as a core holding but still with an absolute exit time frame of 2025/2026. I will therefore not hesitate to trade should a decent trading opportunity arise.

All that said, I hope Eric Sondergaard delivers on his recent promise: "Shareholders can look forward to regular updates on progress with respect to grants and incentive programmes as well as project updates on Disko and Jameson. 2025 is shaping up to be our best year to date and I remain confident of success on multiple fronts in the next 6 months." - RNS 12 February 2025

What's next? What do we know? Sweet Fanny Adams!

A reminder of my three questions:

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?

Chirpy - Sorry for this delayed reply. I fully understand your confidence in Greenswitch going into production in Q1 2025. However, there is scepticism about 80M's ability to deliver on promises. That is quite understandable given the company's failure to deliver on expectations in the past, in particular Dundas going into production.

Be that as it may, I look more to the future and not allow myself to be unduly influenced by the past. So, turning to my three questions - all of which are to do with the future - I regard "meaningful" progress on Disko, Jameson Land and Greenswitch as an essential prerequisite for 80M’s success.

So, why do I think the three questions are relevant? Here are my reasons:

1. Without drilling Disko, one cannot establish the value of the asset, hence the importance of my question.

2. Without a partner for JL, 80M cannot drill on its own, and without drilling, one cannot establish the value of the asset, hence the importance of my question.

3. Greenswitch is the only asset that can generate revenue for 80M near-term. Without early production, there will not be near-term revenue generation, hence the importance of my question.

If 80M failed to drill Disko, failed to find a partner for JL and failed to start production at Greenswitch, what would that do to the company’s prospects and its share price? On the other hand, if 80M managed to deliver all three outcomes, what might be the market's view of the company and its reaction to the share price? Are these not pertinent questions?

Anyone who thinks my questions are irrelevant seem to disregard the importance of them not only for the survival of the company but also for the revival of its share price. As I have already said, if my questions are irrelevant, then what are we doing here?

You are right in saying I have not answered the questions myself, at least not yet. I thought I would give a chance for others first. So far only jefjefjef (who does not comment here often) has replied. You have replied in part by answering only question (3) but not (1) and (2). LWHL (who does comment here) has said he has no intention of responding because he regards the questions as irrelevant.

My final point is I was simply trying to gauge posters' confidence in 80M delivering the three items in 2025. If anyone cares to reply I am not expecting them to justify their responses. I will post mine in due course.

"couldn't get the feedstocks, that's poor management.”

How can waiting for the feedstocks to arrive be interpreted as they couldn’t get them. If I order something and wait for it to be delivered, does that mean I couldn't get the stuff? LOL

"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 last year. Therefore, Hydrogen Valley have requested that such a grant be reassigned to Greenswitch, and is currently waiting for a response." - RNS 12 February 2025

" The Company remains confident of plant restart in the coming weeks once feedstock materials are received. The plant, which was closed during 2018 for refurbishment, is now ready for complete restart and full production ramp up expected in Q3 2025.

The Company expects to provide updates on feedstock supply and offtake agreements for biofuels in the next two to four weeks as well as a detailed operation update." - RNS 12 February 2025

No need for anyone to play mischief here, just wait for the update before the end of next month.

​"The questions that you posed are completely irrelevant."

Goodness me LWHL, your comment is tantamount to saying Disko, Jameson Land and Greenswitch are irrelevant. If so, what are we both doing here? I think it's best to leave it at that!

Thank you, Reserve, I had a quick look at the BRES chat board, what an engaging forum!

Thank you, Reserved, for posting the article. By the way, who is 5toamillion? The article has prompted me to post this note.

Do we know whether the focus on Greenland by Trump’s 1st administration played out in favour of Bluejay (as it was then known)? Rod McIllree himself raised this question. Here is the relevant excerpt:

“But the biggest break came in 2019 when then U.S. President, Donald Trump floated the idea of buying Greenland to secure access to its natural resources. “At the time we were all shaking our heads,” says Rod, “but with hindsight what that did was validate the country, the jurisdiction, and the strategy that we’d been implementing for years. We saw massive interest in the country after that. It’s entirely possible that the American investors in Disko are a consequence of that brash statement – you never know! It certainly made people realise that Greenland is full of everything that the Western world needs, and that it is a safe, stable jurisdiction which falls beautifully between Europe and America.” - Rod McIllree

How about Trump’s 2nd administration's renewed but even much stronger interest in forging even closer ties with Greenland? Would this pay new dividends for 80M in the form of fresh strategic money from the U.S for advancing the company's projects?

Although the true worth of Jameson Land is yet to be confirmed by drilling, I said in my post on 15 February that I would be quite happy with 80M exploiting the 8.6 - 21.5 billion barrels of oil already identified at the location by ARCO. For that to happen, the company will first need to find a partner to pick up from where ARCO left. Rod McIllree himself said 80M would be looking for a partner for Jameson Land. Will there be a helping hand from across the pond in this regard? What's next? What do we know? Sweet Fanny Adams!

PS: ARCO was an American oil company, later taken over later by BP. The latter has just announced that it is slashing renewables investment and ramping up gas and oil production.

https://tinyurl.com/tmw2v7au

I have been the focus of the stalker since April 2024, starting with her very post here and still is. What about me? Will I get to enjoy a reprieve as well. LOL

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

Okay, LWHL, let’s forget about you coming up with the odds for those three events in 2025 but let’s look at them in a different way. Just so I understand you correctly, in your judgment:

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?

I cannot be clearer with my three questions and a short “likely” or “unlikely” answer from you to each of them will provide clarity of your judgment without ambiguity.

At any point in time we are not going to have all the facts for the three projects but that’s the nature of the beast when playing this stock (or for that matter any stock). So, one has to make the best possible judgment based on both the known and unknown information. Both types of information are reflected in the price and I don’t have to tell you this obvious fact.

Go on, have a go and come up with your best shot. And I promise I will do the same only when I have had your answers. If you can’t, that's fine and I will not trouble you further under this thread.

Thanks, LWHL, for your reply. I am disappointed but not entirely surprised by your failure to answer my specific question.

I highlighted 80M's three MOST potentially valuable assets and their near-term KEY PRIORITY events, namely:

Disko/Drill

Jameson Land/Partner

Greenswitch/Production

Anyone who is a follower/shareholder of 80M must know that the three key priority events I have identified are crucial for the success of these projects and the company. I therefore thought you would have a view on the matter. It's a shame you could not give an opinion on what you might regard as the odds for 80M delivering each of these three key events in 2025 although you continually and freely offer views on other matters to do with 80M. Oh well, I tried.

RachT2 (07.01.25): "I am thinking this (Greenswitch) may represent a turning point for 80M and it's SP"

Tony Angelino (24.02.25): "The "bonkers" Greenswitch move just might actually turn out to be a key revenue and cash-flow driver and so genuinely transformational for the company. "

Keep them coming!

This article is dated June 2024 and the production of SFA for last year was expected to triple to circa 500 million gallons, according to IATA's estimate. - https://tinyurl.com/mryeaks7

Ben - You say: "Now you have Trump who is not a supporter of green technologies running America."

I agree, Trump is a "Drill, Baby, Drill" oil & gas man and under his watch the future for SAF could be murky but his administration is yet to finalize the regulations and initiate the tax credits. However, Airlines have ambitious SAF commitments.

That said, Trump's "National Energy Emergency Order" of 20 January 2025 includes bio-fuels. Click on the link below and see Section 8 (a) of the Order. As we know, Greenswitch's operational plan for Q1 2025 is to produce ESO and biofuels at initial capacities of 5,000 tonnes/year and 10,000 tonnes/year respectively.

https://www.whitehouse.gov/presidential-actions/2025/01/declaring-a-national-energy-emergency/

“the odds are far more in favour of the downside.”

That’s an interesting comment and I presume you have based that on some form of assessment/reasoning. So, what do you think are the odds for EACH of these three events happening in 2025?

1. Drill at Disko.

2. Secure a JV partner for Jameson Land.

3. Generate cash flow from production at Greenswitch.

To whom it may concern: Since I have addressed this question to LWHL, please do not jump in until he has replied first. Thank you