Member Info for Culpepper

That’s up, by the way, in both cases.. Just a snapshot in time, on what I believe to be dual (triple) listings, Iceland trading on depositary receipts, interchangeable with shares. Relative prices can change by a few %.

Iceland and Toronto in synch with London. Buying at 97p equivalent at close.

From notes 22nd January.

“Greatland retains full upside exposure to the AUD gold price”

I rechecked on my memory. It is in Australian dollars - so half a billion pounds. So my sterling figure was incorrect.

Fair enough, if that’s what you have. It’s obviously quite important, when quoting eps and so on. Is there a reference for that figure? Pending FS?

Well likely have to wait til the feasibility study, to give something definitive on capex.

Or perhaps just interest costs, however you look at it.

Well, you have to factor in til first gold Hav, 2028, the cost of building it out - I have read up to £1bn, but if most can be funded by Telfer it’s a good strategy.

I expect it to, by the way, for those who appreciate the reason Amrq has a bit of a dent put in the sp. down to this level. Generally speaking.

If this buying continues, it’ll deal with Kvika, and any further down selling.

Light trading, as usual Toronto up 4%, last trade 95p equivalent. Iceland closed with buy 93p.

Demokraatit wins in Greenland.

A snapshot. Reporting follows similar lines. Loads of it to glance over. About independence and mineral rights.Diversification from Tourism/fishing.

‘People want change ... We want more business to finance our welfare," said Jens-Frederik Nielsen, Demokraatit's leader and a former minister of industry and minerals’

Picking up some, but obviously not in sufficient numbers, I should have said.

Https://www.globenewswire.com/news-release/2025/02/28/3034882/0/en/Kvika-banki-hf-Notification-regarding-execution-of-buyback-programme.html#:~:text=Notification%20regarding%20execution%20of%20buyback%20programme

I see that Kvika bank, last holdings RNS, has recently embarked on a share buyback programme.

Kvika banki hf.: Notification regarding execution of

If that has something to do with their bank holdings decrease in Amaroq, and not affecting the asset management side, as to me seems at least possible, they have holdings of 1.92% remaining which they could, conceivably, sell. Somebody’s picking them up, as they sell.

Well, it finishes up as a flat day, sells being converted into buys. Can't see.much room for phantom shares.

It's an open ended discussion- sometimes contentious for those who take the view the view those running it are picking on Ggp

I leave it there.

Well. It's accepted mms work orders to buy and sell. It's also accepted publication can be delayed

.And some transactions may be parry to party, without mms. Only one has to report in those circumstances, and I understand sometimes both parties report to the market causing a little confusion.

There you go.

Not worth getting upset about.

I confess I don’t get all that. Balance of buying and selling resulting in a flat day, with mms making on the spread. What’s wrong with that , whatever colour, above or below mid ( and consequently misleading bought/sold figures on this website.

That’s Stendalen, nickel/copper, across from Voiseys Bay, and there’s Sava, copper/gold. And Johan Dahl is it, just added.

Frankly, Amrq has so many exploration opportunities, one wonders when they’ll get around to them. It may be they’ll accelerate even more when Nalanuq revenue/profit comes in.

Done for now, you’ll be pleased to read.

I mean, it’s a quality company with exploration prospects, in a widely recognised precious and strategic metals, and releases saw the price go much higher. I’ve read nothing in the least critical of the strategy, which should see Nalanuq financing more impressive finds.

Archer even argues the copper side of things, across from Voiseys Bay, may be even more important than the gold, at some future stage, and says none of that is priced in. If things go well, he’ll have been proved right.

A big payday down the line, on acquisition of those interests, he suggests.