Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
The Company is pleased to announce that on March 22, 2023 it entered into a non-binding letter of intent with MMA, that provides for a transaction pursuant to which Orosur would repurchase, directly or indirectly, MMA's interest in the Project, resulting in Orosur having a 100% ownership of the Project ("Transaction"). The proposed consideration set out in the letter of intent is a net smelter return royalty of 1.5% and cash payments of up to US$15 million payable upon meeting certain agreed production thresholds.
The seller, imo, seems to be drip feeding into the market and any upturn is sold into ...but they havent let the sp tank into the 6s (yet!). With only 13 working days left of Q1 and 2 big RNs events to land 'soon' the risk/reward must be on chars side
Fid was pushed back a year, the deal was unclear and felt underwhelming. The partner was unexpected. The additional option to buy in post AE drill made the financials uncertain. then add on the uncertainty of when the deal will be signed off, the onshore drill campaign with no fanfare and a distrust of the board... and here we are, massively undervalued imo but i thought that at 14p!
Malchy likes today's RNs....
This is indeed a good example of how the Etana model works and that many new projects can and will go ahead either directly or in a third party fashion and given the potential of the market place has a great opportunity to grow this vast market
He has liked Chariot all the way from 20p+ to now
Https://www.voxmarkets.co.uk/rns/announcement/f5c3e6ab-9414-4a5a-809e-89caff62ff29/
Hopefully some trust is being regrown, if the q1 timeline can be maintained and news flows as it should then the next few months might actually achieve the transformational event lth have been waiting for
Gla
If the company knew of delays to the q1 drill date imo it would need to be rns'd so until that news I'm assuming it's still happening....of course chariot have a terrible history of doing anything on time and you would imagine rig news would be imminent if q1 is to be believed