Member Info for RachT2

Several rampers have been busy congratulating 80M on its “excellent” asset sales, so I thought I’d actually look at the numbers behind the latest triumph – Kangerluarsuk.

The deal was $0.5m upfront, with a possible extra $1.5m but ONLY if an economically viable resource is discovered. That’s a maximum headline value of $2.0m, or about £1.49m.

Now for the small, inconvenient detail:

Company accounts show that Kangerluarsuk racked up losses of £2.49m by the end of 2023. So shareholders have put in £2.49m, and in the best-case scenario might get back £1.49m.

That’s a £1.0m loss – assuming, of course, that the contingent payments does ever materialise.

Apparently this is what passes for a “great sale”.

The only way this deal can be praised is if one assumes Kangerluarsuk cost shareholders absolutely nothing to acquire or explore – that's an accounting theory a muppet might use, but sadly it's not one recognised in the annual report.

And just for balance, let’s remember that a certain long standing prolific poster previously ramped Kangerluarsuk at an estimated $34m valuation. The actual (loss making) disposal price therefore comes in at under 6% of that figure.

A masterclass in value realisation, clearly. 🙄

More impressively still, when looking at a basket of assets the same poster has put valuation estimates on, actual sale proceeds have come in at around 0.6% of those estimates. All of this, we’re told, from someone claiming to have close contact with certain members of the BoD.

The track record of valuations received for asset sales isn’t what one can describe as enviable - if you consider all of the facts.

Tick tock tick tock

Notes from recent presentation. So much for the repeated claims from rampers that GS would be “throwing off cash” in Q1 2025. We’ve now had multiple restart dates provided by the BoD, and every single one has come and gone with no evidence of a restart. Over-optimistic guidance followed by non-delivery has become the norm.

We are now effectively being told that restart has slipped into Q2 2026 — more than a year later than first touted. Over that period, shareholders have been given a succession of explanations for the delay. Initially, we were told that the issue was a lack of feedstock deliveries. That has since proven not to be the case. The plant has not restarted because the work on it has not been completed.

This raises a more fundamental concern: who is actually running GS? The 80M BoD appear either unaware of, or unable to accurately communicate, the true status of the asset.

What, then, are we to make of the previously hyped announcements?

– The much-vaunted Fortune 500 company supposedly supplying feedstocks from 1 November 2025 — to a plant that still isn’t operational today?

– The MoU with Ludoil, which was said to underpin a December 2025 restart and full production in January 2026?

– The MoU with JEnergy, which claimed GS would be supplying biodiesel in January 2026?

Once again, we see a pattern of optimistic projections that have not translated into delivery.

The latest presentation also refers to a €10m grant. The reality, as far as can be established, is that while a grant did exist, it expired before GS was in a position to utilise it. That meant it needed to be reapplied for. I am not aware of any RNS confirming that a replacement or renewed grant has actually been secured.

Perhaps such funding has now been obtained — but if so, investors have not been properly informed. Either the company has been extremely lax in updating the market on the success or failure of grant applications, or the presentation itself is misleading.

Neither interpretation inspires confidence.

I'm ever hopeful that the 80M BoD will change their ways - understatement and over delivery is preferable to the long standing overoptimistic and undelivered ramping.

GMC

“Baffles me that anyone would sell at this point, but some are...for diddly % no doubt.”

You answered your own question. Posts like yours are exactly why some do. Another hollow ramp, heavy on condescension and light on substance. If you insist on churning out this sort of drivel, expect it to be challenged — repeatedly. Belittling sellers doesn’t strengthen the case; it just highlights how weak your argument really is. Anyone taking a 100% profit, or more, is hardly a subject for you to ridicule in your desperatly hollow narrative.

GMC

Price when I stated imminent spike was around 0.51 - that's a near 100% rise. No shame taking some profit - in fact you can leave the original stake still on the table. Some will have done even better and achieved an even lower average so could be up over 200% - but of course, such facts won't distract you from talking absolute nonsense to support your own ramping narrative.

Hilarious.

A conveniently timed presentation. Unsurprisingly, they’re throwing everything at this right now, - as I predicted in early December. This helps to reinforce RP’s ongoing efforts to ramp the company and the forthcoming floatation.

Carry on, 80M, great to see the latest ramp — as I’ve said before, I expect this spike to continue into the float, with reality and valuation sanity reasserting themselves in the days or weeks that follow. Enjoy it while it lasts.

Ashton

Yet more disingenuous posting. You state:

“Please note, only in the case of the following events that 80M has stated a timeline for delivery:”

Once again, you’re presenting opinion and selective framing as fact. Let’s deal with your claims one by one.

a) Ferrandina (Greenswitch) Plant

You claim:

“Plant restart in December 2025 with full production in January 2026 (RNS 28 October 2025).”

The reality: this is at least the fourth restart date and the third ‘full production’ date given by the company. Historical context matters, and you’ve omitted it entirely.

b) Disko

You claim:

“Drilling in spring/summer 2026 (RNS 3 November 2025).”

The reality: RM explicitly stated at a meeting that Disko would be drilled in 2025. You yourself posted at least 14 times asserting the same, repeatedly claiming 100% certainty it would be drilled in 2025. Rewriting history now doesn’t change that.

c) Jameson Land

You claim:

“Drilling in H2 2026.”

The reality: 80M’s appointed Field Operations Manager, MarchGL, stated that the first JL well would be drilled before the end of 2025. That statement came from the very contractor appointed by 80M. Any material operational guidance from MarchGL is, by definition, guidance originating from 80M.

You yourself posted:

“March GL will drill the 1st well in Q4 2025.”

That statement is unequivocal. Attempting now to distance 80M from it looks like nothing more than damage control.

Please stop presenting non-facts, selectively rewritten timelines, and hindsight revisions as established fact. Investors deserve accuracy, not your biased manipulation of facts.

The rest of your post is nothing more than your usual regurgitation of facts - already historic.

Jolli

Worth remembering that MisterP is running the same script across multiple stocks. Multiple daily posts, same language, same breathless certainty about imminent multi-baggers — right up until they aren’t, at which point attention quietly shifts elsewhere.

Latest effort on 80M: “If any stock can 50-bag or more, it is this one. Have looked across the whole of AIM.”

Amusingly, just four weeks earlier the exact same crystal ball was in use on GEO: “Time to accumulate these is now. 50–100 bagger from current price in my opinion.”

Apparently every stock is a once-in-a-generation multi bagging opportunity if you look across “the whole of AIM” often enough. Analysis may vary, but the claptrap is impressively consistent. Anyone in need of a laugh can browse their posting history on other boards — it’s the same recycled ramping, just with a different ticker.

LITT

Yet more misrepresentation — impressive stuff, not.

Did I ever say that post was “positive”? No. It was written in my usual style: balanced, not one-sided hype. That stands in contrast to your own contributions, which are anything but balanced.

You’ve also claimed that you “blocked” me — yet you continue to reply directly to my posts. Which is it? If you’d like, I’m happy to explain (slowly) how the filter function actually works. You may find it useful. Amusing, as ever.

A genuine question, though: do you believe this will continue to rise in the days and weeks following the float, or do you accept that a retracement is likely?

I look forward to the next instalment — unless, of course, you do actually filter me rather than continuing with the usual hollow commentary.

LITT

Thanks again for the entertainment — truly hilarious. More of your biased misrepresentation and untruths I see. Still, at least your latest diatribe has spared us yet another AI generated piece of claptrap. Hooray.

Once more, I’ll point you to my post dated 9/12/25, where I explicitly predicted this rise and the inevitable arrival of you and the rest of the ramping crew. As you’re already aware, I also followed my own reasoning and bought 80M shares in early December.

So what, exactly, have I get wrong? Nothing that I can see. I maintain this will be a spike which will fall back in the days / weeks after the float of GEC. Do you disagree? Only time will prove which of us is wrong.

From where I’m sitting, I’m making money just like you. The difference is that I’ve consistently highlighted the numerous red flags — and they’re still there. They don’t magically vanish just because you and the usual transient rampers have turned up to run a short-term intensive (and predictable) ramp, before moving on to the next ticker and posting the same recycled hype.

For the avoidance of doubt: I have never shorted a share in my life. But of course that won't stop you posting more of your falsehoods and untruths in your attempt to flood the board with nothing more than your own narrative.

Ashton – is that really the case?

I can find no evidence on the MLSA portal showing that 80 Mile currently holds a licence relating to GOLD at Thunderstone.

As you state - historically, Bluejay held licences MEL 2020-03 and MEL 2020-22 for the Thunderstone project, located in the Kujalleq province in southern Greenland. The MLSA portal has a comprehensive search facility (by licence number, company name, region, etc.), so I searched:

by Bluejay and 80 Mile,

by licence number,

by Kujalleq, and

across the entire southern region.

The only licence I can locate is MEL 2020-03, to which you refer, but that lists zinc and tin as the commodities being sought and covers 1,014 km². MEL 2020-22 does not appear at all, which is why I’ve emailed the MLSA directly for clarification.

At present, there is no reference to gold in any Thunderstone-related licence(s) held by 80 Mile that is visible on the MLSA portal.

For anyone who wishes to check for themselves, the MLSA database is here:

https://portal.govmin.gl/license

It’s straightforward to use and doesn’t take long. If anyone finds a “live” licence held by 80 Mile for Thunderstone that lists gold, perhaps they could post the details.

While licences can, in theory, be amended to include additional commodities, the more important question remains: has 80 Mile fulfilled its work obligations under the existing licence terms?

LITT’s AI-generated output is demonstrably inaccurate — 80 Mile does not hold the licence area stated in his claims. Likewise, assertions that 80 Mile is the only “big hitter” operating in Greenland overlook Amaroq, which is far more advanced in its gold project, already active on ground close to 80 Mile’s, and progressing towards actual gold production. Has LITT forgotten to inform his AI crutch about Amaroq?

Given that context, it’s reasonable to ask: why wouldn’t the Greenland authorities favour a group like Amaroq for Thunderstone if 80 Mile fails to meet its licence obligations or ultimately loses the remaining licence it has on expiry?

CC – you do realise you’re complimenting a post generated by AI?

As for it being “ramp-free”, that’s debatable. What you’re seeing is the output of an AI learning curve that has been — intentionally or otherwise — guided, managed and influenced by LITT to produce responses aligned with his preferred narrative. Ramp-free? I don’t think so.

In any event, as the MLSA portal does not clearly show the current licence holder, I’ve now emailed the MLSA directly to confirm whether 80M retains ownership of the Thunderstone licence.

I’ll update the board if and when a response is received.

CC – are you confident of your facts here?

For those newer to the story: Thunderstone was routinely listed as an asset at the foot of 80M / Bluejay RNS announcements up until around mid-2024, after which it quietly disappeared. There has been no project-specific news since.

The project was referenced in the 2024 accounts, where it appeared against an impairment charge, confirming it was still regarded as active during the prior financial year.

The exploration licence is due to expire at the end of 2026. As is well known, retaining a Greenland exploration licence requires the licensee to complete minimum work commitments over the licence area. However, there has been no RNS or other disclosure indicating that any work has been undertaken at Thunderstone for some considerable time.

The last RNS I am aware of mentioning Thunderstone was in July ‘24. The absence of updates raises some obvious questions:

Do they still hold the Thunderstone licence?

Do they have the funds to carry out the required work programmes to retain it?

Based on what has been disclosed publicly to date, my own view is that the answer to both questions is likely to be - NO.

All IMHO, of course.

Oh, you're too modest Ashton. Perhaps you'd also like to repost the 14 posts in which you told everyone that you were 100% certain that Disko would be drilled in 2025. No if's, no buts, no question - oh dear, everyone of them was wrong. Shall I post some of your other bloopers too? I'd be happy to if anyone wants to see yet more regurgitated over optimistic ramping.

You've have, once again, been very selective in your choice of posts you use in to self promote - but there's years (and multiple examples) of your ramping posts that turned out to be utter claptrap - all during which the share price was in a continued fall.

And all while you apparently had a kself claimed) close connection to certain BoD members.

LITT – more comedy.

You claim you’ve read all of my December posts? Try the one dated 9/12/25

“FACT: if ANYONE bought into my bullish sentiment (and others here) they are up massively.”

Yes — you are part of the very ramp I predicted, are you not?

You also wrote:

“IF PEOPLE SOLD OR DIDN’T BUY THROUGH READING YOUR NEGATIVES THEY WOULD HAVE MISSED A GOLDEN OPPORTUNITY AND LOST MONEY!”

This is nothing more than a snapshot in time. Had I been posting back when Ashton was boasting of his “large” six-figure purchase at 9.1p, some investors might have been spared a 99% loss. That’s the reality of these spikes.

The red flags will remain after this surge fades — do you genuinely believe this is a straight line up from here? If so, dream on. Or is the real issue that you don’t want anyone reminded of the negatives while you’re busy transiently ramping the share? That seems far more likely.

“Others have stated you are of female gender??”

What relevance does that possibly have? And why are you interested?

This just gets funnier as the day rolls on

LITT

You started posting on here AFTER I’d already predicted the spike and the accompanying arrival of you and the rest of the ramping crew. My thanks to you all for the expected ramptastic posts - you’ve helped make me some more profit. Doesn’t mean to say the red flags have disappeared though or that I should change my long term opinion - or that I should cease to post that opinion.

VikR (and anyone else not liking my posts)

Just to repeat myself - you do know how to filter, right? If you don’t just let me know and I’ll happily talk you through it.

Buzz - desperate rubbish / lies again. I’ve never shorted anything in my life and don’t post about 80M on any other board.

Tucky is just as amusing — a whole post built on fiction.

Let’s be absolutely clear:

I did not beg anyone not to invest at any price. I posted a reasoned and consistent view of caution.

I did not call anyone crazy for buying at 0.6p. On the contrary, I suggested that early December might offer an opportunistic entry — when the price was around 0.5p.

I followed my own analysis and am currently enjoying the upside of the “obvious rise”.

Please stop posting falsehoods about my position or opinion. Misrepresentation isn’t debate — it’s a substitute for one, and it only serves to expose your own inadequacies and desperation.

More entertainment today from the ramping crew — full of nonsense as usual.

Guly’s default response to anyone making valid, reasoned points that don’t align with his agenda is to label them a “troll” or even a “paid troll”. One such post was removed by the LSE after it was pointed out that the accusation was defamatory. Telling that when there’s no intellect available to construct a counter-argument, the word “troll” just gets recycled endlessly.

Recent examples speak for themselves:

ORCP – “More lies from our obsessive sour-grape trolls.”

ORCP – “The same sour-grape trolls are back posting again.”

ORCP – “Sour grapes for our sore trolls – heading to 0.12p+ tomorrow.”

(Needless to say, it didn’t go to 0.12p — it fell.)

SML – “Sour grapes from our trolls lol.”

SML – “Trolls sore lol.”

SML – “Trolls hurting lol.”

And so it goes on.

Despite more cautious posters repeatedly being proven correct, Guly defaults to name-calling rather than offering a coherent rebuttal — all while continuing to ramp shares he’s clearly loaded into.

What a specimen!

VikR

You say you’ve “sliced some other holdings to load even heavier in here”. Busy morning on the ramping circuit by the looks of it — and not just for 80M.

You’ve made virtually identical claims across several boards today. That crystal ball of yours must be getting some serious use. LOL.

Let’s recap this morning’s alleged activity:

ORR – £17k buy at 0.366p (4,694,074 shares): “Time to start building a position… fundamentals, technicals and sentiment all aligning to an imminent re-rate.”

ORR – Another £5k at 0.3625p (1,377,668 shares): “Loading and loading.”

ECR – “Just topped up another £10k this morning.”

ROCK – £10k buy (6,245,031 shares): “Topped up again this morning.”

80M - £45k on two trades.

So we’re expected to believe you’ve materially topped up four different stocks, across multiple boards, all this morning — all while posting breathless bullish commentary on each?

Hmm. Really? 🤔

Do I believe you? I’ll let others make their own judgement.

LITT

If you read my posts in full (which I appreciate is a lot), you’ll see that I express my views regardless. I've also stated that I don't consider my posts to have ever made any difference at all to the share price direction. They are never posted with that intention - I’m merely sharing my opinion, which is as valid as yours or any others.

For the record, I called this spike back in early December and have stated repeatedly that I’ve profited from dealing Jay / 80M through a number of the frequent and fairly predictable spikes - some long before I started posting here. I’m enjoying this spike as well, which I expect to persist until a few days or weeks after the GEC flotation. Then reality will kick in again.

As for X, I can’t help you there — it’s something I don’t use or follow. You’ll probably think that makes me a Luddite 😄

As always, make up your own mind.

Tick tock, tick tock…

We’ve now had at least four stated restart dates for GS come and go without the “assured” restart materialising. A fifth looks set to pass very shortly. As recently as October, shareholders were told the plant would restart in December 2025 — there’s still no sign of that happening. We were also told full production would occur in January 2026, which is plainly impossible if the plant hasn’t even restarted yet. Another case of over-optimistic assurances?

So how far does the recently raised cash actually go at GS? Back in March, we were told there was a 29-strong crew on site. Even using a conservative average salary of £35k (likely higher in Italy), that implies a wage bill of ~£845k since then — and counting. Add utilities (Italian electricity and gas costs are among the highest in Europe), consultancy fees, insurance, and other site overheads, and the burn rate becomes very material.

Yet 80M has failed to provide timely updates as each of these dates has been missed. Assured timelines repeatedly pass without explanation.

So the obvious questions remain:

Why the delays?

Why have restart dates been repeatedly missed?

Why the silence?

At this point, the BoD are burning through what little credibility they had left. Let’s hope their revenue and profit projections prove more reliable than their restart projections.

Meanwhile, payments for HV are being made to Greendome — who appear to win regardless of outcome. I’ve been unable to establish who actually owns Greendome. Perhaps someone who claims to have close links to the 80M BoD (Ashton?) could make some enquiries?

Greendome is a shareholder/partner in HV, an interconnected structure that appears to have been set up specifically to acquire GS, which was then promptly sold on to 80M. RM and RP have a long-standing connection.

Investors are entitled to transparency — and explanations — not another set of missed dates.

In the current ramping crew driven frenzy these details will probably make little difference to the short term spike - but they are part of the reality.