Member Info for ChirpyCheep

Ashton

Great post, thank you. I couldn't write that article if I had a week!

Just an addendum to say there's interest from the UK and the EU too

https://www.reuters.com/world/eu-aims-double-financial-support-greenland-von-der-leyen-says-2025-10-02/

https://subscriber.politicopro.com/article/eenews/2025/10/01/uk-closes-in-on-critical-minerals-deal-with-greenland-ee-00589037

Re CMRL , that is NASDAQ based, and is up ten fold over the last year

ETM in Oz is up 5 fold over the last year and is suing Greenland for 5x it's GDP !

MOLY in Canada has also done very nicely and is actually getting support from the EU for it's Rare Earth project

So there is money going into Greenland.

EB, as Ivr succintly said it's all about execution now, and we've seen nothing on that.

It's easy to be sceptical about the valuation of JL; why if it's so valuable was 70% equity requred to be given up to drill just two holes ?

We will only see the real value when GEL is listed.

They neec to be engaging with governments not shareholders ;l CMRL suggests that,

Just need a little patience, the ducks are being lined up.

Seems to remember you predicting a raise at 0.22p and was so confident about that you asked if some of the sales were forward selling. .Not sure one can trust your judgement .

Rach, sorry I am lost.

What are you saying ?

Ashton,

That's a good post for discussion.

As shareholders ( ie exc Rach!) we will all have an opinion on how the business is shaped.It's a bit out there so apologies if this is boll****

FWIW I do not agree with Thule and Disko as being energy assets; they are metal. That shapes my view but has Pelican got an energy bias or Greenland bias, I don't know. I think the former ?

So personally I think we can focus solely on JL not 80M. One step at a time for me.

My question to you or anybody else; if RM is on the board why would he not want the two parts of JL to be merged.?

I really cannot see any arguments against it.

RM wanted to list Disko; he has a chance to list JL at virtually no cost. Pelican will soon be listed on the NASDAQ ( as an aside it's interesting it will be listed on that rather than the smaller xchange BLLYF is listed on.) So a merger of the two assets will simply be a matter of creating additional shares.

So for me it's one step at a time. It's simple , as usual, to me would 80M's share of JL be worth more as part of Pelican.?I just cannot see why not. I am obviously missing something as it's a no brainer to me. Wouldn't it also be simpler; how for example does one allocate costs on a day to day basis ? Wouldnt it also provide greater liquidity as 80M could sell those shares so substantially derisking the business.

I think he would want to retain 80M; another important point is that he lives in the UK and when I met him I got the impression he likes the UK

Https://corporate.exxonmobil.com/sustainability-and-reports/global-outlook/oil-and-gas-investment-is-more-important-than-ever

One doesn't need to read all of it , but there is a graph that emphatically demonstrates how important new oil discoveries are to satisfy future energy requirements, desite a certain incumbents synopsis of existing oil reserves implying no exploration is needed.

That certain incumbent seems to be arguing that the most important and profitable energy markets will be precisely the markets 80M have no exposure to!

This report suggets that both the old and new will be required to satisfy future energy needs.

It seems 80M, having a foot in both camps, are well placed.

IvR, it's especially pertinent with BP because their share price has consistently underperformed their peers for years. It's not surprising they are going back to basics.

Looks like good news to me; the less capacity in the market the better for 80M.

Who knows but we're here for the potential.

Cf Critical Minerals ( CMRL)

Far more advanced yes, 70% of BFS completed but MC of £500m.

That's for 42% of Tanbreez which is smaller than JL or Disko

1% of 42% ofTanbreez has NPV of $3b-smaller than JL or Disko

The numbers are truly staggering.

As a counterweight company shouldn't be down where it is.

Ashton

Good post, thank you. Whilst another incumbent likes to focus on FACTS which is understandable a BB though , to me, is about conjecture.

Firstly, whats's your view- do you think RM would want a merger ?

Two sides of the coin here and it's a money coin.

From RM's perspective where would he make the most money. Longer term you'd think 80M, primarily because he can lace his remuneration package with options. Short term you'd think a merger would provide some immediate uplift so bird in hand etc that's to consider.

Pelican, IF and its definitely an IF, it's valued at what some say it is why would Pelican not want their hands on the 80M pie. Would RM be able to stop them ?

Few other points:

Does the last RNS give something away ? RM is obviously frustrated at the valuation gap of junior miners in the UK and the US.Is this a way of moving shop to the US through the back door ?

Robert Price of GS/ HV is CEO of Pelican and he will have a deep understanding of 80M; you'd think he'd want a merger as it beefs up his baby.

They've got cash if a sweetener is required

Any whiff of a merger and this flies so you may be accused of ramping!

Personally, I tend to ignore the Greenland macro, I know Ashton is the opposite, but I found this interesting

Looks like they are beefing up the airport that serves JL.

Now why would they be doing that!

https://www.msn.com/en-gb/news/world/denmark-pledges-253-million-for-greenlands-infrastructure-healthcare/ar-AA1MEciM?ocid=BingNewsSerp

Thanks IvR ,articulate as ever, good post for new people to read.

I suppose the point I was making have some of the 80M assets been tarnished with the Dundas fiasco ?

IMO undoubtedly ,how they go from here is difficult to judge.

IvR

I saw that tweet and was a bit puzzled as why they put it out there.

Disko and discussions with multiple entities, well one would expect that.

My question to you please is twofold, can they do anything with Dundas with the priceof Ilmenite as it is and/or would it be prudent ?

And some of the other assets are not insubstantial. Finland take your pick metals or gas ? Would it make sense to prove up Hammaslahtit after the failed sale, which RE said wouldn't take much to get into production. Thunderstone ? will cash in the bank and the price of gold affect their thinking. Thule ? Ashton did say after he attended the AGM that an RNS was on its way ?

Zinky ,for one ,said 80M would ditch their metals for energy ,I'm not so sure ?

Or do you think they will end up with just three core assets ?

Or will they end up with

EB, getting cash for assets is no easy task.

More likely is a sale of 80M's assets for a share in Pelican, especially as RM is now on the Board.

Any views ?

All of them except Canada and US, all are basket cases or Middle East or both

Are you seriously going to invest in Russia for example ?

Greenland will carry a premium.

The price of oil does fluctuate !

............and you seem to forget 80M is an explorer ,the price of the commodity hardly matters.

So the price of the commodity matters for an explorer, what's your view on Thunderstone ?

Interesting to meet her, really ?

Rach, thank you for this post.

Your point about oil reserves is particuarly pertinent.

Most of the oil is in basket cases of countries; you may try but you can hardly put Greenland in that company

And the largest reserves are arguably in Venezuela; well you only have to look at the news to see what's going on there. Moreover, it's not very green.

https://www.msn.com/en-in/money/topstories/this-country-holds-world-s-largest-oil-reserves-but-sinks-in-poverty-and-faces-world-s-highest-inflation/ar-AA1MdSBP?ocid=BingNewsSerp

Rach ,as bewidering and unfathomable to most of us it is you have as much right as anybody to post on this BB.

However, to eulogise somebody who can hardly put two words together is not only an insult to people like Ashton and IvR, regardless of your content, it shows how desperate your crusade is and seriously undermines your arguments. It wasn't an attempt at humour.

Folks, Rach has got a point ,we should be listening to Mikee p.

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

He or she frankly make people like Ashton and IvR looks like idiots;

To get ones point across in such few words is genius.

Ashton and IvR , if you want to converse with Rach maybe it's one line at a time.

IvR, thank you. Well put, as ever.