Member Info for Culpepper

‘Bottom line is the Aussie book build will almost certainly have huge demand’.

Probably 2.5% new Greatland shares.

It might, sufficient for Newmont to satisfy it at a price that suits.

You don’t know Newmonts price, in collusion with Greatland. Nor do I.

Well, if you know what’s going to happen, spell it out.

Or desist from snide remarks.

Greatland has done well, and there seems no reason to reverse, as a company.

Yet I suggest some might do well to rein exhortive enthusiasm in a bit, around ASX listing.

You’ve seen it before, the enthusiasm, on thoughts of Telfer purchase - going to immediate uprate. Didn’t happen, on the day.

Cant be bad, won’t be. Shares in the Australian offer likely go to long term holders, who can be tapped up if need be.

Just suggesting a little restraint in promoting this around the listing, and the possibility of disappointment.

Of course - it might fly - but we don’t know that with 12.5% of the company potentially on offer.

At conclusion of ASX bookbuild, scheduled 16th - 17th June.

There are dividend paying mature companies, largely content with their place in the market, and considered cash cows.

The obvious answer is that you might want to keep the shares so you can continue to have an income stream without selling off the shares. That way, assuming the company continues to make money, you have a steady flow of cash without selling any The shares might lose value when the dividends are paid out, but most companies make that value back during the quarter. So at the end of the quarter you have the cash and shares that are worth the same amount (or more) as when you started.

It’s a choice, I think continuing from a time pre internet when trading was less easy.

Extract.

‘Amaroq is at the forefront of this new frontier. If the gold production gets to nameplate by the end of the year, then the company has the power to explore the entire island for minerals with capital no other party has.’

And

‘There is a bigger picture here.

It seems someone knows this - as the company was filing the technical report for Nalunaq on SEDAR+, the price on the Canadian exchange more than doubled.’

Amaroq later noted it was ‘unaware of any material change in the Company’s operations that would account for the recent increase in market activity.’

But someone’s keen.’

Https://substack.com/app-link/post?publication_id=1504413&post_id=164799637&utm_source=post-email-title&utm_campaign=email-post-title&isFreemail=true&r=4xupfa&token=eyJ1c2VyX2lkIjoyOTg3MjQ2NjIsInBvc3RfaWQiOjE2NDc5OTYzNywiaWF0IjoxNzQ4ODkyNDEwLCJleHAiOjE3NTE0ODQ0MTAsImlzcyI6InB1Yi0xNTA0NDEzIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.DXOWf5y1wSbq8Cr8pbW023t4u9kRwUiJa9Ardpykxa4

And however you guess at it, price, up to 2.5% of new shares is pretty minimal, and whatever Newmont sells they would do so sometime anyway - much better price starting again as lumps to ii’s at perhaps a‘trade’ price, no ongoing cost to pi’s.

And, inherently, no doubt, Newmont and Wyloo will be having conversations.

Ggp, Newmont, and Wyloo have options they will be discussing as the process continues..

Newmont, with the necessary permissions, are prime movers. One would think they will only sell such shares through the offer at a price they consider reasonable. Price disclosure.

It has always seemed to me, with this listing process, in the event of sufficient demand, Newmont will largely call the tune, on price and availability.

The retail offer, I think, is a sideshow.

Https://www.theamericanconservative.com/time-for-a-big-beautiful-deal-for-greenland/#:~:text=a%20%E2%80%98Big%2C%20Beautiful-,Deal,-%E2%80%99%20for%20Greenland

In order to access further market liquidity and broader investor base. However, there can be no certainty in regard to timing or promotion of any such undertaking and further details will be shared with the market as appropriate.

In addition to getting revenue from Nalunaq to fund the future, by year end, and 2025 exploration programme, a previous RNS sets out their holistic approach. Reading the prentation, the helicopter seems additional to what was then in the planning/already bought, and I think the possibility of Nordic activity expansion.

This is just intended for anybody looking in, a base if you like for further research. Apologies to the remainder.

All the best.

Corporate strategy and business model
Alongside the Company’s focus on its two key pillars of mining development and exploration, Amaroq Minerals is also actively pursuing two further, value accretive business lines, which will complement the Company’s existing operations and enhance the ability to drive further cashflow opportunities from the asset base:

* Services and logistics – Amaroq continues to develop opportunities in support of its operations in Greenland. Given the working environment and physical access to the mine and plant, the Company has been pursuing a strategy to de-risk mining activities through the procurement and operation of proprietary servicing and logistics infrastructure, such as drilling rigs, marine equipment and camp facilities. During 2025, it is anticipated that other mining and infrastructure operators within the region will look to utilise this provision of Amaroq’s equipment and services, generating additional revenue.

* Renewable energy generation – Power generation and energy provision are one of the largest, most expensive and polluting cost items within remote mining operations. The Company is committed to harnessing the Nordic region’s abundant renewable energy resources to support its mining activities. In order to de-risk the future life of mine at Nalunaq, whilst at the same time investing in technologies to power the future mines, the Company will be conducting a pre-Front-End Engineering Design (FEED) study for the construction of at least one mega watt (“MW”) of hydro power within close proximity of Nalunaq. Once the FEED studies are completed, it is anticipated that construction work could commence, and power generation will occur in 2026.

* Geopolitics – Greenland’s resource potential and proximity to the world’s largest markets for commodities has attracted a heightened level of political, as well as media interest. In terms of the geopolitical interest in Greenland; by the end of the period, the US had elected a new president who had publicly declared his intentions of engaging more with Greenland as a resources province. The practicalities of this heightened geopolitical interest, is that the Company is actively pursuing multiple opportunities, to leverage the increased interest and focus on Greenland and the companies who are active in the province.

* Listing– As previously communicated, in 2025 Amaroq is considering upgrading one of its junior listings onto a main market of an international stock exchange, in order to

As CEO has said, Amrq sees itself as becoming a ‘proxy’ to Greenland mining entry. This seems a step in that direction.

He has also said there’s the possibility of applying the Amrq model to leverage synergies in wider Scandinavia and the Nordics.

As floated in earlier RNS

https://www.lse.co.uk/rns/AMRQ/formation-of-strategic-services-jv-company-and-investment-by-jv-partner-ng1e5ogev8kz0u0.html#:~:text=Formation%20of%20Strategic%20Services-,JV,-Company%20and%20Investment%20by

I just aim to tick it over, is all, though as I said before I probably overdo it.

Not concerned about responses.

And as you say, price will make its way, board or no board.

Doggy.

I do not advise you what to do with your Ggp shares. I’m keeping mine. They’re probably as good as any.

I do not seek debate.

I do not seek agreement.

So with little respect, but some understanding of what fuels you.

Up yours.

I think you’re out your depth.

Regardless.

When you wind it back, Wyloo have the call option to buy half of Newmonts shares at a previously agreed now ‘cheap’ price, plus first refusal on the rest.

A matter of consent.

Regardless of Cheeky Chops, who’s too tired to add anything, in the background there’s also Wylooo holding first refusal rights on any sale from Newmont’s stake plus the option to purchase up to half of it.