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The acquisitions and consolidation, etc isn't too much of a problem as long as Hussar is still the priority and we need to have a rig contract sealed and signed by the end of Q1 as per the schedule.

Central Petroleum is a nothing company. It's m/cap is AU$65M - or about £30M. It is just talked up by Hamilton as his mate John Heugh is the founder.

I don't know what they paid for Hussar but Mt Winter was acquired from MSMN for peanuts. They certainly shouldn't be paying big sums for anything - at least until the success of a drill - in this case Hussar - when the whole proof of concept will be seen. Hamilton is just stupid. Besides if Hussar and Mt Winter are both a success and the share price goes up in multiples, as it might, then they will have issued shares to Central Petroleum that could be worth 20 times or more the original value. How crazy is that.

What we need is the number of shares in issue for GLND and then that figure multiplied by the current GLND share price will give an accurate m/cap. It is then possible to get an accurate implied valuation for 80M's 30% holding.

Does anyone have any figures for GLND - apart from the Pre-market share price - which is currently up over 300% at $34.

By my calculations $18 gives an implied valuation to 80M of about 4p

That should read the 20th April............

Is anyone watching this. GLND is currently up 150%........................

Https://uk.finance.yahoo.com/quote/GLND/

Just need to know how many shares in issue at GLND for the m/cap and a new implied valuation for 80M.

Take a look at this doubters

https://uk.finance.yahoo.com/quote/GLND/

All eyes on the signing of the Rig Contract by the end of Q1. That will restore confidence here. Meanwhile the AGM isn't until the 29th April.

I see that they have dropped 1 of the 3 acquisitions and it's a pity they didn't drop the other 2 at the same time. GEX just do not need them as they have quite enough to be getting on with at Hussar and Mt Winter which are both fully funded anyway.

I think you will find that PELI have approximately 11.6 million shares which should be added to the 21.5M to give a new total of 33.1M shares which at the current $8.23 gives a m/cap for GLND of $272M.

It could be worse - HE1 now have 10 billion shares in issue following their latest raise.

It doesn't mean that they are going to raise at 1p but that they can do a raise at less than 5p - which incidentally it is still over 5p to sell at the moment.

I'm not getting the 2 conflicting valuations, though of course when the listing goes live tomorrow it will no doubt all be clear.

"Based on the March 2026 merger and business combination involving Pelican Acquisition Corporation, Greenland Exploration Limited, and March GL, the initial valuation for the newly formed Greenland Energy Company (expected to list on Nasdaq under ticker GLND) is approximately US$215 million to $335 million."

Is it that the implied valuation of $215m doesn't include the cash from the SPAC which is basically PELI which currently has a m/cap of $98.75M which when added to the implied valuation gives the higher figure. If this is the case then the real valuation of GLND will be the higher figure.

$215 Million Implied Valuation for Greenland Energy - that's a puny valuation and I can't see it lasting too long. And as they have kept saying that valuation doesn't include the $85M cash that the newly formed company is carrying which would take it to $300M.

On the positive side, Hussar is going to be drilled with zero dilution to shareholders so a little dilution on securing future prospects isn't going to be a huge issue, though it still would have been much better if the acquisitions were left for now. Oh, but then I expect Hamilton would tell us that if we didn't secure them now then they might not be available later - too bad maybe.

I think that all eyes here are on getting the rig contract signed by the end of Q1 and anything else is of little importance.

Lets hope they can get a rig selected and a contract signed for Hussar by the end of the month -- as pencilled in to the schedule. I'd hate for them to fall behind schedule this early but Hamilton does appear to be extraordinarily lame. If anyone can make a mess of it he can.

Typical of stupid Hamilton to go on with wells 3 and 4 when they haven't yet drilled wells 1 and 2. It's just pathetic and I was rather naively hoping that they wouldn't proceed with the acquisition as it was all set up before GEX received the offer of full funding for Hussar. As for the Riverfort ATM what is the point as as soon as they have got shareholder agreement for the capital reorganisation they can just raise more funds anyway.