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Greenland Energy and Pelican Acquisition Corporation (NASDAQ: PELI) Appoints Ashiq Merchant, former BP executive, as Chief Financial Officer to Drive Transition to Public Markets and Advance World-Class Arctic Operations

hTTps://www.globenewswire.com/news-release/2026/03/13/3255466/0/en/Greenland-Energy-and-Pelican-Acquisition-Corporation-NASDAQ-PELI-Appoints-Ashiq-Merchant-former-BP-executive-as-Chief-Financial-Officer-to-Drive-Transition-to-Public-Markets-and-Ad.html

It’s my mistake. I meant Merus, spell check changed it to Metis.

My view was on Merus that they are a trading firm and not looking at this as an investment. They saw it as undervalued opportunity and will no doubt sell it when it shows a profit. Assume they will sell once GLND becomes a thing, definitely won’t be holding for the drill because that’s not their trading model.

Thanks for highlighting.

Hi Buzz53118

Metis Global Investments is a trading firm, not a fund. This doesn’t look like an investment, it is a short term position to make money.

So yes it is great that they have identified an undervalued asset, but they will trade out of once they have a profit, not a long term value play by an ‘institution’.

It is great news that the resistance levels are holding, with all bad news in the general market, 80M has held within trading range, that’s a real positive to my mind. Do I believe PELI listing will cause a major re-rating - No, I don’t. I hope it breaks the resistance and gets above 1.30p range, that would be a win.

80m needs some positive updates on Disko and HV to move this to next level.

Hi GLR1990

I’m struggling with maths on this one.

“Upside if the listing is explosive every 10% rise is a ~12p addition to the current share price, if it does 100% then we all make a small fortune.”

80m at 12p values at it circa 600m GBP - not sure 10% increase on GLNd valuation of $215m = circa 560m GBP.

Did you miss a decimal point ? Can you enlighten us?

I will be very happy if this stock ‘rips’, actually I will be very happy we just get GLND listed, that itself is progress towards the drill, however, I will be very surprised if the outcome of listing is anymore than a 30-50% uptick. Obviously none of us here can predict the interest in this share but 1.5p in next few months would be great result, a move towards 2.5p would be my expectation pre drill if everything progresses as expected this year. Why? Because at the moment we have a share with massive potential that can only be truly recognised post partial/full successful drill results. Up until that point we are at a roulette table.

IMHO

“

Based on analyst estimates, the most likely target price for 80M over the next 12 months is 2.16 GBX, with a projected high of 3.24 GBX and a projected low of 0.91 GBX. To track whether this target is reached within the next year, you can view the 80M stock price chart on the 80M stock details page to check the current 80M stock price, or follow the latest developments related to 80M on the 80M Stock News page.”

https://www.bitget.com/stock/lse-80m/forecast

Found it. Thanks will have a listen.

https://www.bbc.co.uk/sounds/play/m002r3g6

“Why does President Trump really want to takeover Greenland? The Arctic territory is rich in vital minerals and oil, and it hosts an important American military base as the race for dominance in the wider Arctic heats up between China, Russia and the USA. While the issue has become suddenly urgent, it's a proposal that has been years in the making - and drill down beneath Trump's recent stated reason of 'security' and the reasons why he wants it as the 51st state are less clear. A financier-turned-MAGA operative, the small print of the right-wing wish list Project 2025, and a penchant for big places on maps might better explain the recent diplomatic crisis, as the Make America Great Again project evolves into an idea to Make America Bigger. The Coming Storm's Lucy Proctor delves into the backstory to Trump's insistence on acquiring Greenland.”

Was it this one ? https://www.bbc.co.uk/programmes/b03mj1xw

“Greenland: To dig or not to dig?

Crossing Continents

Could Greenland become the world's next resource hotspot? The government there hopes so - they've been travelling the world touting the country's vast reserves of oil and gas, and huge deposits of iron ore, gold and rare-earth elements. As melting icecaps make all these resources more accessible, mining promises riches for Greenland and the ultimate prize of full independence from Denmark. But there's a catch - many of the rare earth minerals are surrounded by uranium, pitching Greenland into the world of nuclear politics and environmental hazard. Nowhere is this clearer than in the small town of Narsaq in the country's south. Two proposed rare-earth mines could reverse the town's economic decline, but one just miles away will mine uranium too. James Fletcher travels to Narsaq to ask whether mining will be a blessing or a curse.”

There’s a lot of articles to read all saying similar

https://miningdigital.com/news/will-us-uk-critical-minerals-deal-boost-mining-investment

An agreement was reached with UK, but this is a global initiative, over 50 countries were involved. I think general principles are to reduce of supplies by diversification (no one country supplying more than 60%).

This may well lead to some positive news for 80m, but there are 170 mining firms on LSE so could just be as likely it could be any of them.

I think US continued focus on this can only be a good thing and generate some interest in other 80m assets and hopefully get focus back on Disko.

The filings are historic, though they were bought to attention on 6th Feb, the original purchase happened before 31–Dec-25 and the amendment happened before 31-Jan-26.

The price of PELI prior to 31-Dec was 10.15, between 1-31 Jan it reached a high of 11.40. PELIU showed similar profile. Doesn’t this support the theory Meteor took easy 10%+ profit. This is modest investment from company that has close to billion dollars of AUM, doesn’t look like a strategic position to me.

This looks like a trading profit, I think this is a better/more believable story than believing Meteor didnt like the investment.

In relation to 80m post on X.

80m have just reiterated what they told us on 28 Oct 25? I can’t see anything new here. It would be nice to get an update on how this is progressing.