Member Info for ChirpyCheep

Ashton

Thanks for your last post, really informative.

I hadn't thought it through and it looks like I am in the majority, as nobody else has mentioned it.

I hasdn't realised that Pelican was a way of getting a listing

Most of us wanted Disko to be listed and it looks like JL is going to be listed, save 80M's share by the back door.

Using shell companies to list is not uncommon and it's certainly a cheaper and quicker way of listing

It won't be lost on many people that Kobold wasn't a listed company

To me it's really good news because, I guess, that the main reason why MarchGL want a listing is access to capital

It looks like they really mean business

It would make sense , to me, for March GL to own the whole project and 80M be a shareholder of March GL. This would provider greater transparency but also provide much needed liquidity to 80M as they could sell shares at any time..Really don't know if this would be on the cards

I think Robert Price would want a merger with 80M, he'll get HC,GS back. I cannot see a situation though where RM would not want to be the main man

It would make sense though if JL was the holy grail and Disko and others were to be sold and 80M becomes solely an energy company.

So thanks Ashton for enlightening me, I think it's good news.

Ashton

Possibly.

For me though confirmation of the merger would be very good news for 80M , as it will provide visibility on the value of JL to 80M

IvR, moreover you only need 5% of a company to request an EGM and undertake some mischief making.

Looks like, therefore , most people are like you; reservations about RM but cognisant of the fact there doesn't seem to be many other options.

IvR, i've always regarded you as one of the more balanced posters. Positive on 80M but willing to accept other views.

Your posts therefore , in my eyes , carry more weight than most.

So please don't be discouraged to post, even though any positive comments will come back with interest.

I can see both views on this one.

On a related matter does RM et all have sufficient voting power to take liberties with shareholders ?

It wouldn't take particuarly deep pockets to take them out ?

RK, did he mention what would be the driver for a "great year "

B/A

One small thing that encourages me about JL is that is now an American project, of which 80M have a 30% stake.

March GL control the project and are American, Haiburton is American, Stampede Drilling is Canadian,IPT are American.

Makes it much easier, IMO , to attract funding.

BA, welcome to the club, of which Ashton is the lifetime President.

B/A RM alluded to a comparison with the Norwegian Sovereign Wealth Fund . That is valued at 2 trillion, off the top of my head I don't even know how many noughts that is... and we have Disko as well ! That's why we are here. For the sake of posterity I can though see why people question the BOD. Critical Metals is valued at £400m with an asset that is smaller than both JL and Disko.Similar with Amroq.ETM is worth substantially more and they are suing Greenland for more than their entire GDP !! So the potential is there, can they deliver?

B/A, I've asked about this before and only received one reply, which was a pooh pooh from guess who.

Pelican have assigned a $200m valuation to March GL share of GL.

Completely baffled because it's a notional value but on the other hand may involve an equity swap.

If an equity swap is exexuted surely this will crystallise some value?

I am with you and have been for some time, JL is the most promising venture- mind you I don't have a dickie about GS/HV

That notional value equates to £63m for 80M.

Personally Jimbolina I am not sure at this stage that infrastructure is an issue.

As a comparison the Rio Tinto Oyu Tolgoi mine provides Mongolia a staggering 44% of its FOREX reserves.

Mongolia is a lot bigger than Greenland in GDP terms.

If JL is as big as they say it is infastructure will follow pretty quickly.

Not much infrastructure in the North Sea!

Ashton

You'd think that Denmark is the key player.

I've only just realised that Denmark is entitled to half of any resource/mining profits

https://theconversation.com/greenlands-fossil-fuel-ban-is-up-in-the-air-after-recent-election-252071

You'd think Denmark would want to recoup some of that block grant, which is not popular amongst voters.

Thank you, saved me a job.

The post IMO was disingenuous; not even comparing apples and pears.

LWHL

All depends upon your perspective.

If you think Disko , for example, is the Holy Grail then yes the dilution is horrid

If you think JL , for example, is the Blue Sky well then it will be worth it.

Thanks Ashton.

The point is whether it's China, US , EU or even Ethiopa hopefully the penny is dropping re external funding.

80M alluded to that point on their Twitter feed.

https://x.com/80milePLC/status/1953373340434936222

Thanks Ashton, but I would call that dilution- not of the group but the asset.

My point is that it would be inextricably linked to the MC, so why do it now.

As you say we will have to wait.Plenty of ways to skin a cat.

Ashton, IvR

Thanks for your replies.

Finding a partner for Disko is easy.

The question is how do you do it with minimal dilution

My point is that if JL & GS are all that they are all that they cracked up to be why wouldn't you wait for those two assets to gain traction before moving forward ?

At the moment raising money for 80M via dilution is out- and that for most junior mining companies is the first port of call.

Does the macro environment , for example , tell you to wait eg Ni prices ?

I would prefer more progress on fewer assets

How do they move Disko forward with minimal dilution not to just that project but primarily GS and JL; that's the question.

That's my point, not whether it's prospective- we all know that.

Ashton,

Thanks for your time and effort with your recent posts.

With this though it's difficult to feel confident about Disko.

It seems everybody is convinced about the prospectivity of the project but with no clear vision of moving it forward.

Rudyard Kipling talked about six honest serving men; what , why , when, how, where and who. A good , but not perfect ,benchmark IMO

We know the why with Disko but it might be difficult to answer the rest.

Notwithstanding prospectivity, which has always been there , how can we be confident going forward ?

Really, Rach has a valid position but Ashton is a proxy. ?

Is that what you want, posts from only those who shares your views ?

Smacks of hypocrisy frankly.

Rarh, I wasn't asking about the notional value of March GL to pursue an agenda, I simply can't get my head around it ( which I stated)to do that.

You have though used this thread to pursue your own agenda, which is your perogative.

Couple of points:

1/You do not know if other parties were not at the table, or do you ?

2/March GL was specifically set up to purchase part of JL, RM confirmed that; sorry can't see what's wrong with that, please enlighten me?

3/GEL "popped " up, well sorry a lot of companies are split up into different entitities.

4/ smoke and mirrors - bold statement

5/ most initial participants will be out very quickly- implying it's a ponzi scheme-again bold statement

So frankly a poor response IMO

What I was trying to do, and I even posted an investopedia link, was to ask if there was any link between the "notional value" and a value that the average layman can understand. Is it "pie in the sky " or can we say that if a company has had a "notional value" of $200 on it then one could reasonably argue that the project is worth than the MC , for example.

So I will ask again , you normally reply, can we make any judgements about the notional value of JL being $200m and if so what are they ?

Sorry $200m.