Member Info for RachT2

CC

I'm assuming I'm one of those 'incumbent'? 🤣

I’m not sure what message you are trying to promote in your latest post. It seems to me that you suggesting Neste’s rising SP is mainly down to its renewables? If so, that’s a pretty bias / slanted view.

Neste still produces both fossil and renewable fuels. The revenue split is -

2022: Renewables = 37.5%

2023: 35.8%

2024: 34.3%

So, renewables are only about a third of the mix – hardly the sole driver of SP growth.

Also worth noting: the last few years saw hefty EU aid for renewables, largely a knee-jerk reaction to cutting Russian oil/gas reliance. Today, support is still there but in a different form – mandates and targeted subsidies rather than blanket cash injections.

Bottom line: renewables remain important, but not dominant. And there’s no guarantee future pricing/support will be as favourable as during the emergency years.

For the record, I’d love to see us move away from fossil fuels – but it’s worth keeping a more balanced view.

Zinky

Sorry to disappoint, but your speculation is completely wrong. I don’t act for a group of disgruntled shareholders, or anyone else. What I do aim to provide is a balanced perspective.

Unlike my swift and clear denial, I can’t recall Ashton ever once denying that he acts as a proxy for the company – in fact, I can’t recall him addressing the speculation at all. That doesn’t prove he is, of course, but his cosy ties with certain BoD members, his unwavering faith, and his constant ramping certainly add fuel to the idea.

CC

Thanks for the kind words. As I’ve already explained to Zinky, I don’t act for anyone else. So your attempt to pigeonhole me will remain unresolved, I’m afraid.

Ashton

Oh dear, oh dear. It’s clear that once again you’re unable to put forward any valid counter to the points I’ve raised. Instead, you fall back on the false accusation that I’m a day trader. That really is both derisable and disappointing – I had expected better of you. Still, you’ve at least given others yet another glimpse into the hollow, baseless and indefensible nature of your ramping style.

Good luck with your investment.

Ashton – despite its length your latest ramp seems a bit light on substance. Surely you didn't think you could get away with posting such an obviously biased ramp without it coming under scrutiny. You’ve simply recycled old news without adding much detail, and as usual, it’s presented with a one-sided slant.

Yes, 80M will retain 30% after the second drill – but the real question is how much dilution of the SP will occur before they can monetise that holding. If, as seems most likely, 80M sell their 30%, what value will they get? Any buyer would be taking on a high risk minority stake alongside March GL / Pelican (and others?), while also being liable for 30% of costs going forward. Alternatively how much do you think March GL / Pelican would realistically pay to assume full responsibility for a partially drilled, high-risk asset? Talk of vast reserves of fossil fuel is rather premature and doesn't portray the wider picture.

Even if both drills are successful (which is far from certain – as Ben has pointed out), a huge amount of further work is still required: more drilling, exploration, licensing, etc., long before any profit appears. 80M cannot possibly meet their share of those costs. There’s virtually no chance of raising that kind of money via a fundraise – or do you disagree?

You also state: “No other mining company in Greenland holds licences for oil exploration or production.” But that situation is hardly cast in stone. Any change of government or policy could change things overnight.

Likewise, your claim that “On 24 June 2021, the Government of Greenland stopped issuing new licences… This means no other company WILL EVER (my uppercase) be able to obtain such licences.” - what complete and utter nonsense. Governments and policies change – new licences could easily be issued if fossil fuel exploitation becomes more attractive, especially if JL proves to be a dud.

And as for “Should 80M’s licences fall by the wayside due to non-compliance, no other company could acquire them…” – again, any future shift in government or policy could see fresh licences granted to others.

The rest of your post is little more than recycled news. Care to admit that?

In my humble opinion a successful initial drilling campaign may present an opportunity to trade / take profits / reduce losses. I very much doubt it will be a long term massive game changer for 80M’s long suffering shareholders. Or do you disagree?

IvR

It’s now clear. On one hand you’ve been regularly telling others to filter my posts, yet on the other you’ve been hoping for some form of ‘intervention’ to shut me down. Meanwhile, you continue to follow my posts closely, responding to most of them almost instantly. The problem is your replies rarely contain any valid counter-arguments – instead they’re typically petty jibes or irrelevant noise. That smacks less of a ‘serious investor’ trying to help others in their quest for help, information and advice, and more of someone intent on silencing an alternative opinion.

🛑 Ramp Alert 🛑

Everything IvR posts is driven by self-interest. Despite the fact that I've made only 3 trades in 18 months IvR is so desperate to deflect attention away from the many red flags and facts that they resort to falsely claiming that I'm a day trader. They offer no valid counter argument. For almost three years they’ve been relentlessly ramping this stock, even as the value of their own holding has collapsed by over 98%. They once claimed 6–7p was a “good entry point” – investors who listened to that advice have been badly burned. Experienced investors see straight through their nonsense, the danger is that less experienced investors or those too busy to dig deeper, are taken in. If you are considering a position please do your own research – don’t rely on such rampers. The reality is there for all to check: a long trail of over-optimistic RNSs that never delivered, assets sold for a fraction of what was suggested, key partners walking away, endless fund raises, and a BoD with a track record that speaks volumes.

IvR

Not everyone is as mercenary as your narrow mindedness would have you believe. I can sleep soundly at night - I have no intention of shifting the share price, even if I could. I’ll leave that to the BoD, they do a great job without any assistance from me. But it’s obvious why you post all your ramping nonsense and have done so for nearly 3 years.

If you can’t beat ‘em, join ‘em, to be attached to your ramping posts

🛑 Ramp Alert 🛑

Everything IvR posts is driven by self-interest. For almost three years they’ve been relentlessly ramping this stock, even as the value of their own holding has collapsed by over 98%. They once claimed 6–7p was a “good entry point” – investors who listened to that advice have been badly burned. Experienced investors see straight through their nonsense, the danger is that less experienced investors or those too busy to dig deeper, are taken in. If you are considering a position please do your own research – don’t rely on such rampers. The reality is there for all to check: a long trail of over-optimistic RNSs that never delivered, assets sold for a fraction of what was suggested, key partners walking away, endless fund raises, and a BoD with a track record that speaks volumes.

IvR

I’ve always been clear – I make money trading Jay/80M, while consistently advising caution for anyone thinking of holding long term. That call has been proven right, whereas yours has been consistently wrong.

My posts exist to balance out the endless ramping that clutters this board. The volatility is down to the actions of the BoD, not me – yet you seem desperate enough to suggest otherwise. To blame me for swings in the SP is a new low, even by your standards.

Now you are so desperate to rubbish my posts that you call me a day trader. Hilarious. I've made 3 profitable trades since posting on this board. Hardly a day trader - but don't let that deflect from your desperate ramping. Oh, and those trades were the result of some pretty obvious over optimistic news from the BoD - news that anyone and everyone could / should have realised were likely to be over optimistic.

For context, I only started posting here about 18 months ago. Take a look at the SP chart for FinnAust / Jay / 80M before then – or at other companies linked to certain BoD members. You’ll see the same huge volatility, long before I ever commented. Spot the pattern?

To repeat - in the bigger picture, I don’t believe posts on this board have any / much impact on the actual share price. If some of mine help others by offering a different perspective, then great. If not, no harm done – you’re free to ignore them or filter me out.

IvR

Kerching – I’ve never hidden my view that 80M is a poor long-term investment. Anyone who’s read my posts should have realised that long ago - and you've only just realised it? I’ve consistently said I trade Jay/80M for the volatility while warning others to be very cautious if considering a long-term hold. The BoD’s habit of over-promising in RNSs and then failing to deliver is what creates the volatility – not me, I simply take advantage of it. If you want to point fingers, look no further than your beloved BoD.

That said, I do genuinely hope long-standing shareholders eventually see a decent return. Realistically though, the only near-term hope rests with JL. The problem is that for many holders, the share price would need to multibag several times just to get back to break-even. Anyone who followed your “buy up to 7p” advice now needs a rise of over 2000% just to breakeven. On top of that, how diluted will 80M be by the time any oil actually flows?

Yes, a successful drill might spark a spike (worth trading?) – but as always, reality will reassert itself. 80M will almost certainly end up selling out, and past asset sales have delivered nothing close to the fantasy figures pushed by the rampers. Why should JL be any different?

IvR

You (and a few others) seem intent on trying to pigeonhole me into one of your neat little boxes – that's a very narrow minded way of looking at things. You appear to think that if I currently have a long interest I should refrain from posting anything negative. That’s simply not how I operate, and it never will be.

Regardless of whether or not I currently have a long interest; if I see a downside, I’ll highlight it. If I see an upside, I’ll post that too. And if I spot what looks like yet another hollow ramp based purely on hope and conjecture, I’ll call it out. I doubt I’ll ever fit into one of your tidy stereotypes.

As things stand, I view 80M as uninvestable for a long-term hold. The only real opportunity lies in short-term trades, usually off the back of the sharp spikes that follow the over-optimistic RNSs the BoD seem to specialise in. Long may those spikes continue, as they’re where the only money is to be made here.

In the bigger picture, I don’t believe posts on this board have much impact on the actual share price. If some of mine help others by offering a different perspective, then great. If not, no harm done – you’re free to ignore them or filter me out.

IvR

You churlishly brand my cautiousness as “droll, dross, drivel, debbie downer poop.” Yet that “poop” has proved far more accurate than your own unwavering faith.

Since you started ramping this in Dec ’21 at 8.8p – even advising others that a price up to 7p was a buying opportunity – the share price has collapsed to a low of 0.23p, down over 98%. That’s not bad luck; that’s a reflection of both the company’s abysmal record and how completely wrong your calls have been. Sure, the SP has risen quite appreciably in the last month - but with the backdrop of reality that's hardly something to celebrate, the owner investors in profit will be anyone lucky enough to have bought a stake at the lows - most investors will still be underwater - yourself included I'd guess.

I’ve consistently advised caution, and the facts have borne that out: no revenues, constant slippage, repeated dilution, partners walking away, and shareholders carrying the losses. You, meanwhile, have forgiven and forgotten every red flag and failing along the way. I’ve yet to see anything to persuade me to do the same.

And let’s not gloss over the damage done. Some investors may well have taken comfort from your endless “ramp, ramp, ramp” posts and bought in at levels you championed. They’ve been badly burned. That’s the danger of blind faith and misplaced cheerleading in a company with such a dismal track record.

Dress it all up in MoUs, “optionality,” and “asymmetric risk/reward” if you want – but reality doesn’t change. This is a business with a long history of promises undelivered and shareholder value destroyed.

Only time will tell whose view proves correct. For now, the evidence supports my caution. We can agree to disagree until one of us is shown to be right. If I turn out to be wrong, I will be the first to acknowledge it – something I don’t recall you doing since you first began posting your misplaced support and abysmal buying advice.

IvR

Ditto - it's always the same drill - ramp, ramp and ramp again. Touche?

You highlight 3 live catalysts – I’d agree with JL, but I have serious reservations about the other two when looking at it ‘properly’.

GS: There’s still no final agreement with NACATA – and without that, there’s no feedstock. A 5-year deal being struck on favourable short-term terms is very unlikely. NACATA has the experience, expertise, and customer base; 80M/GS are the newcomers still trying to establish themselves. We were told months ago the plant was “ready and waiting” for feedstocks, yet here we are – which suggests GS may be struggling to secure supply and are now clutching at any deal they can get. To me, a shorter-term agreement would make far more sense, giving the BoD time to get a feel for the business. Who really benefits from a 5-year lock-in? I’d say NACATA – they hold the stronger position. Yes, revenue might be close, but revenue does not equal profit, and that’s the key challenge here. Without profitability GS will be just another drain on 80M’s ever dwindling cash reserves.

Disko JV: This has been “JV-ready” for years. Kobold did come in, but then walked away – and that’s now part of the history any new partner will be fully aware of. It hardly reassures, and I can’t see any new deal being anywhere near as favourable as what was once on the table. A new JV may eventually arrive, but I don’t expect anything meaningful or advantageous in the near term.

Bottom line: I don’t see a true live catalyst at Disko. At GS, progress only matters if it translates into profitable revenue – not just headline production or top-line numbers.

May as well caution it.

It doesn’t take much to ramp this share – a bit of recycled old news usually does the trick. On paper, the company has always looked like it held valuable assets, but in practice those ‘flagship’ assets that were sold have realised less than 1% of the fantasy valuations that the bulls used to throw around. Apparently we are at yet another ‘inflexion’ point in this company's chequered history - the past is littered with them. The hard reality is no profits, endless fund raises, decimated shareholder value, lost partners – yet the BoD still seem to do very nicely for themselves. Funny that.

GS

Supposed to be up and running in Q1 and at full tilt by now – but is it even producing? Instead, they’ve signed a vague MoU on feedstock with NACATA. No terms given, but let’s be honest: NACATA won’t be giving anything away – they’ll squeeze every last cent. Meanwhile, GS costs continue climbing, profitability remains a distant dream, and we’re still hearing the same ramping chatter. Remember, we are told that 80M themselves said they’d sell the plant when commodity prices improve – so shareholders might never see a penny of profit from actual GS production. HV’s recent “sale” valued the entire plant at just £1.52m – hardly the mark of an asset about to deliver millions.

Disko

Kobold – with more data, expertise and funding than anyone – walked away. That tells you plenty. Yet somehow rampers still spin “100% ownership” as a game-changer. Reality looks far less attractive. Although multiple assurances have been posted it's looking increasingly likely that this year's Disko drill will not be happening.

JL

Maybe the only real hope. A genuine oil discovery could give the share price a lift, offering long-suffering holders a chance to claw something back, and perhaps even give new entrants a crack at profit. Fingers crossed for real progress here but don't be fooled by irrelevant hype surrounding a notional value that has appeared.

EBT

Another scheme dressed up as “shareholder alignment”? Terms aren’t fully disclosed, leaving the BoD free to dish out shares as they like. Hardly confidence-inspiring.

Outlook

GS has to start generating revenue – fast. Costs are mounting on a 49% stake in an idle plant. JL remains the best near-term shot at any upside. Worth noting: the same poster now talking about “operational momentum” was once pushing the “pivotal year” line – since then the SP is down 99.7%.

Conclusion

Caution is warranted. Two of the loudest rampers here have been hyping this for years while their own initial investment values collapsed by over 98%. Yet their posts still get recs and praise – unsurprising given many LTHs are desperate to recover losses and will clutch at any bullish angle. Don’t fall for it. Do your own research, and treat every ramping post with maximum scepticism.

CB - more inaccurate guess work, seems like that’s the limit of your posting ability, and maybe intellect? I’ve already explained my position - but if you aren't able to recall it and simply take the opportunity to have another pop then please do carry on. If you were a competent investor who added valuable insight and info to the board then your comments might be of concern to me - but, alas, those qualities don't appear to be in your list of attributes.

And as for your excitement over a “33% rise in a month” – when it comes off a base scraping all-time lows, has it crossed your mind that it’s probably nothing more than a dead-cat bounce? Shouting about that just shows how desperate you are.

Regards

Rach

IvR – same tired routine from you, like a broken record that never moves on. A quick scan through your recent posts says it all: anyone who posts something that doesn’t match your narrative (or dares not to declare a position) is instantly hit with the same predictable, childish response. You never bring a credible counter-argument – just the usual sneering and empty put-downs.

It’s not just with me either. Here’s a sample of the nonsense you’ve been churning out to others recently:

“Facts are one thing – endless contradictions and FUD stories are another.”

“You were literally slagging off the company and spreading FUD.”

“That’s not conviction, it’s clowning.”

“Serious investors don’t … bla bla bla.”

“Either you’re out and irrelevant, or you’re in and talking down your own money.”

“Either you’re out and irrelevant, or you’re in and talking your own book.”

It’s the same hollow lines, recycled again and again – boring, predictable, and desperate. You come across not as a serious investor, but as someone who’s badly underwater and looking for anyone else to blame.

Please stick to the RELEVANT FACTS.

Once again we’re seeing some rather “optimistic” speculation, this time about government funding of infrastructure projects in Greenland. To date there is no evidence whatsoever of such funding.

Jimbolina reports that 80M was directly asked whether it had held discussions with governments on this subject. The company’s response was evasive at best, offering no clear answer. That in itself speaks volumes.

Bottom line: there is still no confirmed government support for infrastructure in Greenland. Should that change, it would be a genuine game-changer for companies positioned to benefit. But for now, it’s simply another item on the long list of “hopes” rather than facts.

IvR & EB

Let’s be clear: the decision to back Jay/80M has been a disaster. Like Ashton you cannot produce any credible counterarguments to the long list of red flags and the facts behind the company’s dire performance. IvR’s investment is down ~98% since entry and ~99.7% since his much-touted claim of a “Pivotal Year.” Instead of facing up to this reality, the response has been to attack the messenger — a predictable and frankly pathetic attempt to deflect from what has proven to be a catastrophic investment decision.

Please stick to the RELEVANT FACTS.

Jimbolina

Thanks for posting that you’ve had a reply from ES. However, it seems to contain NO reference to the key points you raised on 13/08/25 under “I asked the question yesterday” — namely, whether 80M’s Directors have had any discussions with the EU, Denmark or the Trump administration about CRITICAL INFRASTRUCTURE (roads, pipeline, docking port etc. specifically for the Jameson Land basin).

That leaves three possibilities:

1. You asked a different question,

2. ES avoided giving a straight answer regarding infrastructure, or

3. You’ve omitted to add what ES may have said regarding your specific infrastructure query

The issue of government-backed infrastructure is highly relevant to 80M’s prospects. Could you clarify which of the above applies? Thanks in advance.

Ashton

Thanks for today’s ongoing comedy—gave me a good chuckle.

You claim I’ve got an “obsession” problem, yet within half an hour of my post you managed to drag up an off-topic, utterly irrelevant post of mine from well over a year ago. And I’m the one with the problem? Ever heard the phrase: “Physician, heal thyself”?

Please stick to the RELEVANT FACTS.

Ashton

Once again, resorting to personal attacks — how sad. It really shows how thin your arguments are when faced with actual FACTS.

And now you’ve added “armchair psychologist” to your CV — hilarious. Sadly, your talent in that field seems every bit as hopeless as your share tipping record. Some people really do specialise in being consistently useless. That said, I do appreciate the concern you clearly show for my wellbeing. 🤣

Please stick to the RELEVANT FACTS.

Ashton – once again you miss the point. Whether you (or other bulls) like my reasons for posting here or not is completely irrelevant. What matters are the relevant FACTS I’ve highlighted — FACTS that arise from the actions of the BoD, not from me, and certainly not from my imagination.

The problem is obvious: these FACTS don’t fit your preferred narrative, so rather than counter them with evidence or reasoned argument, you attack the messenger. If there’s a genuine counterpoint to the numerous red flags raised, by all means set it out. The silence speaks volumes.

I make no apology for repeating these issues. You and others regularly recycle “good news” or hopeful speculation to support your bullish stance; I highlight the very real negatives that shareholders have endured under Jay/80M. Ignoring the past doesn’t make it go away — it just shows your bias.

Like everyone else, I’d welcome signs that the BoD were finally running this company for the benefit of shareholders, not just themselves and short-term traders. If that day comes, I’ll be the first to acknowledge and post the positives. For now, though, the track record is clear, and the red flags remain.

Disko and JL may yet shift the dial, but GS looks doubtful in my view. Time will tell.

Please stick to the RELEVANT FACTS.

Eagerly awaiting news of the long overdue progress at GS - readers will recall that we were told it would start producing in Q1 and soon ramp up to full production. The BoD clearly posted another over optimistic news release. I see today that The Times is running a story that Shell has scrapped construction of one of Europe’s biggest biofuels plants as it continues its retreat from green energy.

80M are obviously trying a different tactic - they seem to want to have a producing plant but to then sell it as soon as commodity prices rise and make it feasible. Some rampers posted that GS would be throwing off £millions - that now looks unlikely. My cautionary tones were dismissed. Let's see who is right.