Member Info for Icebreaker

I keep buying on the way down. indeed, fundamentals stay the same

Added again this morning.

Added some today. Great buying opportunity. Wonder if it drops further in this week.

News from Amaroq Neighbour Greenroc today.

"· Drill rigs and equipment are en route from Canada to Nanortalik, which will serve as the hub for onward transport to Amitsoq."

Not sure why they use equipment from Canada while their project Amitsoq is so close to Nalunaq. Would have been be a great opportunity for Suliaq.

Wonder if we see it before summer holiday season. Almost a Q overdue by now...

Ppt is not online yet. "the presentation itself will be available on the Company’s website from 1300 BST today, link: Presentations - Amaroq Ltd."

+ MRE5 is overdue by now (Q1 2026).

Overall seems positive.

No AISC given but seems much higher than anticipated in Q4 2025 (USD 1.250 – 1.450 /oz).

Turns out I have to change broker as my current broker does not support AIM or Iceland NASDAQ exchange. They do support LSE. Pretty sure more investors will have to deal with this,. Timing to delist from TSXV would have been better after upgrading to LSE IMO

Contact your broker

Understandable but also a pity. I'm having TSXV shares since 2020 when this was not even trading on AIM. Not a big fan of the bid/ask auctioning system that is used on AIM exchange.

I didn't 'expect' anything Cully. (Besides a senseless comment from your side).

Just posting a link of a picture made by an employee of Amaroq

Snow at the Nalunaq camp: https://www.linkedin.com/posts/davidmuirlee_share-7399189846877184000-VMHE

Serious uptick on 4M+ trading volume.

I don't see a takeover happen anytime soon. MRE has to grow till minimum 5M ounces, and since its a remote jurisdiction I think it should be much higher before Majors are considering to take over Amaroq. There are several projects in more favorable jurisdictions that will be a target before Gold majors step into Greenland.

As for 2026 I think we could see further expansion in projects. I would not be surprised when The Citronen project will be acquired by Amaroq (potential one of the biggest lead-zinc resource worldwide ) as it is up for sale again since the sale got terminated last September. https://www.miningweekly.com/article/skylark-terminates-citronen-project-sale-agreement-2025-09-09 . Another interesting one is Skaergaard which contains Gold, Platinum and Palladium.

Amaroq has a big advantage in Greenland as it has good ties with the government and a year round local workforce. To start a organization in Greenland from 0 is very challenging and pricey. Local workforce is limited and the remoteness will make many companies think twice before they consider Greenland

Https://x.com/mark_ikn/status/1991081208281755874?s=61&t=oNompJti_4wodoYegQGdCA

Seems not everyone is positive on the financing

I've lost you Cully... Not questioning anything , nor making a point. Just noticed something in the ppt and posted on this board

In the new ppt page 3. There is a map showing several project locations of Amaroq.

There are 2 locations on it that I do not know from the portfolio (https://imgur.com/a/SOSy0jz circled in purple)

As far as I know there is no project far up north that Amaroq owns. The one in the east is on the exact location of Skaergaard which is owned by Major Precious Metals. https://www.theassay.com/news/major-precious-metals-advances-skaergaard-project/

Enjoy your weekend Culpepper

Call it pessimism impatience or whatever you like.

I'm not the person that is writing love letters and romantic poems about a stock several times per day...

My approach is to be skeptical. In this case that is the drilling results. Is there a delay at the lab? are they saving them to release same time as the Q3 financials? Normally when there is positive outcome there will be an immediate NR. When results are less than expected news can be held back (not saying that is the case here). Lets see what will happen. in general im still very positive and see a good long term potential.

And as for 80M (formerly Bluejay mining). A genuine piece of ****. Look further than the last couple of months (in fact there is a trail of misery for over 5+ years). Without going into all the history I guess the 4B+ share count already says a lot.