RE: GLND halted26 Mar 2026 13:43
Valuation Disparity: 80 Mile PLC (LSE: 80M) vs. Greenland Energy (NASDAQ: GLND)
Despite the successful NASDAQ listing of Greenland Energy (GLND) at a significant premium, a major valuation disconnect remains with its London-listed partner, 80 Mile PLC (80M). At a trading price of $16.00, GLND carries a market capitalization of approximately $415 million ($325 million). Under the terms of the joint venture, 80 Mile retains a 30% working interest in the 2-million-acre Jameson Land project. This implies that 80 Mile’s stake alone is worth roughly $125 million (£98 million). However, 80 Mile is currently trading in London at just 1.40p, giving it a market capitalization of approximately £70 million. This means 80 Mile is currently trading at a 30% discount to the value of its oil interests, essentially placing a zero or negative value on its other significant assets, including the Disko-Nuussuaq nickel-copper-PGE project.
As the US market establishes a stable floor for GLND, a significant "re-rating" of 80 Mile shares is expected as UK investors bridge this arbitrage gap. To achieve parity with a $16.00 GLND share price, 80 Mile would need to trade at approximately 2.00p to 2.20p, representing an immediate upside of over 50% from current levels. Furthermore, if GLND tests its earlier pre-market highs of $30.00+, the implied fair value for 80 Mile would shift toward the 4.00p range. With GLND now providing the "price discovery" on a major US exchange, the London market is likely to see increased buying pressure as it moves to reflect the true transparent value of these Arctic strategic assets.
Sign In
Follow the stocks
