Member Info for elir71

No, that is not the reason they stopped at Llechfraith. Perhaps you should read the accounts of the miners at the time ?

I dont think we will hear much about Finnsbo any more ... legal action ... silence ... will be long forgotten by most investors

I would point out, that had the funds spent fruitlessly on Finnsbo been spent at Clogau then that project would have progressed to an internal economic review by now. The other early stage projects we were looking at were a waste of time and money too, but thankfully not that much.

ALBA has an example to follow, .... Greenroc's progress. Why not follow that plan in developing Motzfeldt

"Not surprising as it’s from blast material through the hillside. ", no it is not a cross cut through non ore bearing rock.

Not all quartz is going to contain gold. There are controls, which were studied and documented by Dominy in his paper on the subject, however even with those conditions in place, the hydrothermal water flowing at the time of would have to have had soluble gold in it, hence the formation of "payshoots". I'm as confident as I can be that the next 6 weeks of blasting will encounter favourable grades and if so, then the payshoot is likely to extend to lower (totally unmined) levels too. Some of the core drilling encountered significant gold at considerable depth below level5.

Good clear explantation of the adaptations to the pilot plant

Very pleased with the results from Motzfeldt. I's like to see a clear plan setting out the path to development

Communications are so much better than they were 18 months or so ago.

London Stock Exchange reviews the EMS for each share periodically, looking back at the daily volumes over the past 12 months

wrt institutional stock ... we have an mcap > £10m, that should allow us past the filters of some smaller or specialist institutions, particularly with the nature of the finance that we have already secured.

Something else that may have gone under the radar.

The Exchange Market Size (the minimum number of shares that a market maker must provide continuous quotes to buy and sell to investors or brokers (offer / bid) has been revised from 150,000 shares to 300,000 shares, which should make the shares a little less volatile for a given trading volume.

Theres an investor hub on the site, which I find the bod to be quite responsive to

Europe needs an entirely independent supply chain.

Sources of funds near term

£ 2,871,304 (EPIO loand Eur 330200) left to draw down

£ 303,846 from the 2p warrants expiring early Feb 27 (1.15 exchange rate assumed) << this also assumes that the SP > 2p

£ 337,500 from the 3.75p warrants expiring Jun 27 but subject to accelerator clause which the preconditions of have been met

February 2027 (only 10 months away) then it is likely that the 2p warrants shall be exercised. There are15,192,310 of them remaining by my count. £303,846 capital raise from that too.

Once its over 5 then the company can trigger the clause at any time of their choosing prior to expiry

There's a non market maker making substantical sells. He or she got cleaned out and has put another 300,000 shares on the market.

By my calculations the 10 day moving weighted average share price of GROC was 5.018

At close of day today 20 April 26 our 10 day volume weighted average price is 4.894p

Looking back at recent patterns, Tuesdays tend to be low volume days

IF there's 1,000,000 shares traded tomorrow (Tuesday) at an average price of 5.6p

THEN the 10 day volume weighted average price would become 5.003p

IF there's 1,150,000 shares traded tomorrow at an average price of 5.5p

THEN the 10 day volume weighted average price would become 5.001p

I refer you to the RNS Number : 9360K, 2nd June 2025

https://www.lse.co.uk/rns/GROC/subscription-to-raise-163450000-70wrqv8aheinkaq.html

"For every two New Ordinary Shares issued, the institution will receive one warrant ("Warrant"). The Warrants will have an exercise price of 3.75p per ordinary share and will expire two years after the date of the New Ordinary Shares' admission to trading on AIM. The Warrants will be subject to an accelerator provision, such that if at any time during the exercise period the 10-day volume-weighted average price of GreenRoc ordinary shares exceeds 5.0 pence per share, the Company may give Warrant holders notice to exercise their Warrants failing which the Warrants will automatically expire."

There are 9,000,000 warrants of this class with an exercise price of 3.75p, which, if the company chooses to trigger the above clause would raise £337,500

Spread 3.7%

vwap >5p second consequitive day

It does make you wonder where the market makers are getting their shares from. All the visible action has been investor buys, however, there were some very early zero volume trades. Could they have been Off-Book Reporting: ?

The trade likely occurred via a Multilateral Trading Facility (MTF) or over-the-counter (OTC) and is merely being reported to the exchange for transparency, often showing as a nominal or zero entry due to technical reporting requirements.

Protected Transaction: In some cases, a "protected transaction" occurs where a large order is broken up and reported in a way that minimizes market impact, sometimes appearing as a zero-volume or non-publishing entry initially.

Perhaps the trades reported after the closing auction will cast some light on it

Yes I works of technical analysis, however, its quite a thinnly traded share, so I am not sure how technical analysis hold up under those conditions. I personally dont really have any understanding of technical analysis, so I am quite happy to be corrected on that assumption. From the fundamentals point of view, then we should and could have been at 15p in early winter. My way of looking at it, is the NPV at the start of construction has already been calculated by the company's forecasts. Taking them as accurate (they contain a 25% contingency) then the question is the risks , costs and rewards to get to that point. The market barely reacted to a 5m non dilutive loan facility from the Danes. I know a lot of people rely on AI to do their analyses, and Ive read a few. Most of them are working on out of date information and arent taking into account strategic project status, the funding nor the exploitation licence. Although there was quite a bit of coverage in FT, IC , Money Mail etc about Greenland and strategic minerals, GROC didnt get mentioned much. I think that that sort of coverage would be transformative

6.5p ... that's going to get smashed

The flow of information from the company is impeccable. The CEO Stefan Bernstein, sets out his plans well in advance and in detail and largely achieves them. Financial control and planning seems excellent and a substantial amount of non dilutive finance has been secured from a sovereign lender, who has nodded at the possibility of further facilities for future stages.

The company have assembled some very good webinars / podcasts which are available on the investor hub of thrir website. I did a valuation analysis prior to the release of news of the non dilutive funding package and exploitation licence. That news coincided by the somewhat bewildering early exercise of some warrants, so the sp did not at the time reflect that positive news. The share price is quite inelastic as significant quantities are held within a relatively small number of holders. (45% of shares owned by either people or companies who have made public declarations or are known to me).

Clearly someone did ... but its entirely absorbed by a non market maker at the 1400 auction

45% - no one's selling as far as I know