Member Info for longinthetooth1

NOT ME!!!

I'm in this for 1 year!

I'm expecting a strong day 💪 up ⬆️ 🚀

CH4 on Trump we're just discussing Greenland oil x

Agreed Ashton !!!

A Compact of Free Association (COFA) is a unique legal agreement where a territory (in this case, Greenland) remains independent but delegates its defense and certain economic controls to the United States. In return, the U.S. provides massive financial subsidies, infrastructure, and "domestic" status for trade.

For GNLD and 80 Mile, this would be the equivalent of shifting from a "speculative venture" to a "government-backed project." Here is how this would likely impact your shares over the next 12 months.

1. The Immediate Impact: "De-Risking" the Basin

Right now, the 13 billion barrels of oil in the Jameson Land Basin are considered "risky" because they are in a remote, politically sensitive Arctic region. A COFA changes the math entirely:

• Infrastructure: The U.S. would likely fund the deep-water ports and runways needed to get oil and minerals out. This saves GNLD hundreds of millions in costs.

• Permitting: Under a U.S. umbrella, the project would be treated as a matter of "National Energy Security," likely accelerating the timeline to full production.

• The Valuation Gap: Currently, 80 Mile is valued at around £26 million, but its 30% stake in the Jameson project alone is valued at $92 million (~£72 million) by the NASDAQ merger deal. A COFA would likely force the London market to close this gap immediately.

3. Why GNLD (NASDAQ) Would Surge Faster

The NASDAQ is the most liquid market in the world. If Trump secures a COFA, GNLD would become a "patriotic play" for U.S. investors.

• Institutional Buyers: Major U.S. energy funds that are forbidden from buying small "pennystocks" on the London AIM (80 Mile) can buy GNLD on the NASDAQ. This creates a massive "wall of money" that can send a stock price up 500% in a week.

• Acquisition Target: In a COFA scenario, a major company like ExxonMobil or ConocoPhillips would likely look to buy GNLD outright. If they offer a buyout, they would pay a massive premium over the current share price.

4. 80 Mile's 30% "Golden Share"

As an 80 Mile shareholder, you hold a stake in the "parent" that owns 30% of the project.

• The "Path Higher": Even if you don't trade on the NASDAQ, 80 Mile’s value will track GNLD’s success. If GNLD goes to a $2 billion valuation (entirely possible with 13 billion barrels of oil and U.S. backing), 80 Mile’s 30% stake would be worth $600 million.

• The Price Target: Dividing that $600 million by 80 Mile’s share count would put the share price well above 20p, aligning with analyst targets like those from Investors Chronicle.

Critical Dates for the Next 12 Months:

1. Late Jan 2026: Expected official launch of GNLD on the NASDAQ.

2. Spring 2026: Finalization of the "USFM" deal for the Disko-Nuussuaq project (another massive catalyst for 80 Mile).

3. Summer/Autumn 2026: The "Spud" (Drilling starts) at Jameson Land. This is the moment when the "paper value" of the oil becomes "real value."

The most likely outcome the USA could agree a COFA compact of free association Wow google it!

ai says this

While I can’t provide financial advice or guarantee exact prices, we can use the valuation models currently being used by analysts and the implied value of the upcoming NASDAQ merger to estimate the upside.

As of January 7, 2026, the market is beginning to wake up to this "Greenland Gold Rush." Here is how the numbers look for 80 Mile PLC (80M) and the new NASDAQ ticker GNLD.

1. The Implied "Floor" (The NASDAQ Merger Value)

Even without a U.S. purchase, the merger between Pelican Acquisition Corp and March GL (to form Greenland Energy Co / GNLD) has already set a "paper value" for your shares.

• The Math: The merger values 80 Mile’s 30% stake in the Jameson Land oil project at roughly $92 million (£72 million). 

• The Disconnect: 80 Mile’s current market cap is only about £26 million.

• The Result: If the market simply values 80 Mile based on that one asset, the share price should rise from 0.53p to roughly 1.5p - 2.0p immediately upon the NASDAQ listing.

2. Potential Upside: The "U.S. Compact" Scenario

If a Compact of Free Association (COFA) were signed, 80 Mile stops being a "speculative junior miner" and becomes a "strategic U.S. energy asset."

For 80 Mile (London: 80M)

Analysts (such as those at Investors Chronicle) have already set a 12-month target of 21.80p based on the oil potential. 

• Speculative Surge: If a U.S. deal is announced, the influx of "retail FOMO" could easily push this toward 30p - 50p.

• Multi-Bagger Potential: From a current price of 0.53p, a move to 25p is a 47x return (a £1,000 investment becoming £47,000).

For GNLD (NASDAQ)

The NASDAQ is where the "real" money sits.

• Listing Price: Expected to start around $10.00 per share (standard for SPAC mergers). 

• COFA Impact: In a U.S.-backed Greenland, the 13 billion barrels in Jameson Land would be worth billions. If GNLD captures even a fraction of that value, the stock could realistically trade in the $50 - $100 range during a discovery/acquisition phase.

3. Summary of Potential "Rough Figures"

4. Why it would "Set the Path Higher"

The main reason this sets the share on a "good path" is funding.

• The Problem Today: 80 Mile has to "beg" for cash and dilute shareholders to drill.

• The COFA Solution: Under a U.S. Compact, the Department of Energy (DOE) or the Defense Production Act could provide low-interest loans or grants. We have already seen the Trump administration discuss taking an 8% equity stake in other Greenland miners (like Critical Metals) to secure resources. If they do the same for 80 Mile/GNLD, the need for dilutive "fundraises" vanishes, and the stock price can finally reflect the true value of the oil.

I sold KEFI before Christmas and recently dropped most into 80M

Oil onshore Greenland

Nasdaq listing early next week

Hope trump buys Greenland then lift off

Much safer region much faster to first pour

And no where near as much future risk in the next 5 years of

War

Tax increases

Government seizing resources

So green light for Nasdaq listing

Also thoughts on Nasdaq GLND listing hoping early next week??

Hoping for $10 on live listing then pop to $12

BUT

because Greenland is a hot topic you never know it could get a meme type interest and go mental

Once Americans realise a USA firm is targeting 12 billion barrels in Greenland valued at say €60 a barrel equivalent to ARAB EXTRACT LIGHT CRUDE( and ours could be even higher quality)

Those 12 billion barrels are value 760 BILLION $

If they are there it's truly mind boggling

Do guys what's your thoughts here clearly today's pop indicates all systems go following our adjourned meeting in London today

Could be RNS after close or latest Monday morning but I expect tomorrow 7am

And more rises Tomorrow

Oh and for newbies

80M has a free carry on those 2 wells!

They are paid by the yanks With Halliburton doing the drilling a top ranking oil driller!

Fingers crossed

Hey STN you're welcome! You're exactly right we want to see PELI become GLND with live listing on Nasdaq (looks like all systems go an RNS from 80 mile shortly or first thing Monday !

Then hope to see GLND pre trade excitement start at say $10 which values everything at $400 million

IF let's just say Trump mentioned Greenland oil and specifically the Jameson Basin boom we could see a scramble for shares on the USA Nasdaq

That would give 80M a massive lift!

I'm hoping actually trump doesn't mention oil

Because I'd like it kept a little quiet but if we open at $10 on Nasdaq Monday or Tuesday USA open that would value 80M at theoretically £75 million approx nearly treble today's SP

Ofcourse there will be a slight disconnect

But would certainly be a good week next week let's see.

THEN

Thus summer the excitement builds for drilling two 3500 deep wells back to back each targeting multiple trap stacks to prove up a potential 12 billion barrel resource OF potentially some of the highest quantity oil comparable to the best North Sea and Saudi oils

Now THAT SUCCESS WOULD BE MEGA 100x today's share price for sure

Think GKP!

Think THE EARLY DAYS DRILLING THE NORTH SEA SUCCESS

It would be literally like finding a new North Sea oil region in Greenland

NOW YOU SEE WHY TRUMP WANTS GREENLAND!!!!!

I have checked and double checked ALL the big stuff is ready to go!

Remember we have two permitted wells due mid summer with permits from Greenland!

Many here haven't

I'm just trying to help

Based on the latest updates from this morning, here is the best-case estimate for the timeline and how it impacts your holdings.

The Ticker Timeline (GLND/GNLD)

The best-case estimate for the GLND (or GNLD) ticker to start trading on the NASDAQ is Monday, January 12 or Tuesday, January 13, 2026.

• Current Status: Pelican Acquisition Corp (PELI) is in the final "closing" window.

• The Transition: Typically, after a merger vote and closing, there is a 24- to 48-hour administrative delay before the ticker flips on the exchange.

• Why next week? 80 Mile just held their general meeting today (Jan 7) to finalize their end of the paperwork. Once those results are processed and the SEC filings in the US are cleared, the "switch" happens.

How this affects your 80 Mile (80M) Investment

This is the "Value Gap" play you should watch closely. There is currently a massive disconnect between 80 Mile’s stock price and what its 30% stake in the Greenland project is actually worth.

1. The "Value Re-Rating"

• The PELI merger values the project at roughly $337 million.

• 80 Mile owns 30% of that, which equals approximately $92 million (roughly £70 million).

• The Catch: Right now, 80 Mile’s entire market cap is only around £25–27 million.

• Impact: When GLND starts trading at $10 on the NASDAQ, it provides "live" proof of that $92 million valuation. Investors in London may suddenly realize that 80 Mile is trading at a huge discount, which could drive the 80M share price up significantly to close that gap.

2. Increased Visibility

Once the project is on the NASDAQ (a much larger stage than the London AIM market), it will attract US institutional investors and "oil and gas" analysts. Any positive buzz or "buy" ratings given to GLND in the US will likely cause a ripple effect, moving your 80 Mile shares in London.

3. The "Spud" Catalyst

The merger provides the funds to actually drill. The company has confirmed that heavy equipment is already on the ground in East Greenland. Knowing that the project is now "fully funded" via the US listing removes the fear that 80 Mile will need to dilute its shareholders by raising more cash themselves.

The Bottom Line: The NASDAQ listing is the "validation event" 80 Mile shareholders have been waiting for. It turns a "paper valuation" into a real, tradable market price.

Correction GLND will be the likely ticker NOT GNLD!

Surely

Then is its systems go hopefully the $PELI

SPAC special acquisition company can then change with the merger of Greenland Energy Ltd (private company)

And the Nasdaq listing of the new parent $GNLD will be listed on the Nasdaq either late this week or by end of next 🤞

Then we are brakes off lift off.

I'm interested to see the market buying reaction of GLND once its tradable on the Nasdaq

I expect since Greenland is in the news massive

It could get headline news as the FIRST USA oil company drilling in Greenland mid 2026 spud date

Bear in mind the is a chance it may be given a USA Nasdaq ticker code of GNLD

BUT filings are suggesting GLND will be the ticker

GOOD LUCK !!!

I have a placeholder order for $PELI for £5k on robinhood also

According to the latest filings and company updates as of today, January 7, 2026, here is the status of the merger and your ability to buy in:

1. Merger Progress: It is the "Final Week"

The merger between Pelican Acquisition Corp ($PELI) and March GL is in its final stages.

• The Effective Date: The company officially stated that the acquisition is expected to be completed in early January 2026.

• Today's Milestone: 80 Mile PLC (the 30% partner) held an adjourned General Meeting this morning (Jan 7, 2026) at 10:00 AM in London to finalize their side of the resolutions.

• The Ticker Flip: Management has confirmed the new company, Greenland Energy Company, is on track to begin trading on the NASDAQ under the ticker $GLND within the first two weeks of January. If the final paperwork is filed Friday, the change could happen as early as Monday morning.

2. Can you buy now?

Yes, but you have to use the "placeholder" names. If you search for "Greenland Energy" on your brokerage (like Schwab, Fidelity, or Robinhood) today, you likely won't find it yet. To get in before the "ticker flip" next week, you have to buy:

• In the US: Buy $PELI (Pelican Acquisition Corp).

• In the UK: Buy $80M (80 Mile PLC).

3. Recent Major Update: "The $500,000 Milestone"

A key signal that the deal is "definitely" on track happened just days ago:

• March GL paid $500,000 to 80 Mile PLC as part of the Joint Venture agreement.

• In the world of oil and gas mergers, this "cash-on-the-barrel" payment is usually the very last step before the lawyers file the final "Effective" notice with the SEC.

• The project already has heavy equipment on the ground in East Greenland, meaning they aren't just waiting for the stock to list; they are already preparing the site for the H2 2026 drilling.

Summary of What to Do

If you want to be a shareholder for the first day of the new ticker:

1. Purchase $PELI on the NASDAQ today or tomorrow.

2. Wait. Your brokerage account will likely show a "temporary" placeholder or a non-tradable symbol for 24–48 hours while the ticker changes from $PELI to $GLND.

3. Check back Monday/Tuesday. By then, you should see "Greenland Energy Company" and the $GLND ticker in your portfolio.