Member Info for SpotTheNutters

Little point winging about the answers after asking for help in forming an opinion .... oops, my bad, 'whinging', how remiss ! 😀

I think he's just 'winging' it ! 😅

'Red Bull gives you wiings !'

All this 'wing' s.h.1.t must mean the share price is about to lift off ! 😀

Have to confess, the first time he said 'Iceland', I thought it was just a momentary slip, but when he kept repeating it, I realised his short term memory is compromised. No surprise, he rarely sleeps, albeit he comes close to it when listening to his colleagues. I'm convinced that each time he broaches a subject, it's as if he believes it's the first time he's thought of a way to address it, even though he's addressed it numerous times before, and that's why his response to it, just keeps changing.

Still, he's right in one regard, where having the USA own a large territory on the perimeter of Europe would make Russia more hesitant about expansionism into other parts of Europe. 57,000 Greenlanders wouldn't agree with that though.

Surprised at the retrace, given Gold is over $3,800 and also the JV partner, Endeavour's (EDV) expectations for the assets.

Here's Endeavours (EDV) description of what they expect from EST's assets.

"Kazakhstan is extensively underlain by one of the world’s most fertile, yet underexplored gold provinces, the CAOB, containing gold endowment within Kazakhstan alone of 32.1Moz (2022 USGS estimate).

*** The CAOB shares many characteristics with West Africa’s Birimian greenstone belt.

Both belts are accretionary orogenic belts shaped by long-lived, multi-stage mineralising events with proven large, long-life, multi-million-ounce gold deposits. ***"

"View from Vox

KEFI’s timing looks serendipitous. With the gold price continuing to breach new highs, there’s never been a better time to be moving into production.

There remains execution risk, of course, but even that has been significantly mitigated by the huge margins that are now being offered by Tulu Kapi, given that gold is trading at above US$4,700. KEFI has additional funding options, and a project with an NPV that now runs in the billions.

It should be a banner year."

Retire

The title of my previous post wasn't written by me, in the same way that the title in your post wasn't written by you either.

Who sold or bought 'x %' or number of shares or who wrote what on 'x' date is utterly irrelevant and has no bearing on the fortunes of the company or the share price. The attempts at self promoting drivel are nauseatingly boring beyond belief.

The focus is Greenland and the unique Hydrocarbon licences, both of which have become extremely high profile. No other company has them.

From the RNS:

_______

80 Mile's acquisition of White Flame Energy and the Jameson licenses in East Greenland has positioned the Company in one of the world's most compelling undrilled hydrocarbon basins.

Under its agreement with March GL, drilling of two fully funded wells is set to commence, with Pelican Acquisition Corporation's merger with Greenland Exploration valuing 80 Mile's retained 30% interest in Jameson at approximately US$92 million.

This acquisition and partnership significantly expand 80 Mile's exposure to the energy sector while advancing its strategy of developing both conventional and sustainable energy opportunities.

Lesh8

Covered a few times previously.

A USA Nasdaq listed stock, GLND, owned and traded by USA citizens with an asset in an area under USA control would effectively be already under the control of the USA Government. It wouldn't make any difference whatsoever. The money flow would already be entirely under USA control and the USA Government could take a 10% - 15% stake in it, as it has with Rare Earths and MP Materials, as an example. It could choose to take a stake in GLND regardless of whether Greenland remains independent or not.

Dramatic pessimism doesn't adequately 'inform' either. This has been covered briefly several times before.

A USA Nasdaq listed stock, GLND, owned and traded by USA citizens with an asset in an area under USA control would effectively be already under the control of the USA Government. It wouldn't make any difference whatsoever. The money flow would already be entirely under USA control and the USA Government could take a 10% - 15% stake in it, as it has with Rare Earths and MP Materials, as an example. It could choose to take a stake in GLND regardless of whether Greenland remains independent or not.

Here's why the recent Saudi interest in Greenland, combined with Saudi's drive to secure global mineral assets, could become fortuitous for 80M.

Copper + Nickel

'80M's Disko project, known for its Norilsk-style mineralisation, is considered one of the most promising targets for copper, nickel, cobalt and platinum group metals in Greenland.'

'Manara Minerals Investment Company (Manara) is a new (2023) venture between the Saudi Arabian Mining Company (Ma’aden) and the Public Investment Fund (PIF) to invest in mining assets globally and support the development of resilient global supply chains.'

Currently focused on copper, lithium, nickel and iron ore.

'The most interesting part of the ongoing strategy is outside of the Kingdom.

Since 2023, when Manara Minerals, a JV between PIF and Ma’aden, was established as its dedicated outbound mining arm, significant investments have been made. Manara’s mandate is unequivocal; the company will need to buy into copper, nickel, lithium, and rare-earth assets abroad and use those stakes to secure long-term offtake for the kingdom’s future industries. Main clients inside the Kingdom will be electric vehicles, batteries, data centers, and defence.'

Some of Saudi's Manara Minerals global investments since 2023.

$2.5 Billion for 10% of Vale, Copper and Nickel in Brazil, Canada and Indonesia.

In talks to take a minority interest in Quantum’s Zambian copper and nickel assets.

$500 Million to $1 Billion in Pakistans Riko Diq Copper + Gold.

Ashton + Litt1

I wouldn't waste your effort trying to engage with Rach, nothing personal from me to this poster, just a glaringly apparent observation.

Clearly this poster doesn't get the investment case, or further, doesn't 'want' to get the investment case, so there's little point engaging.

The views remain firmly entrenched in the past with a refusal to acknowledge that changing global geopolitical influences, increasing global commodity requirements and technical geological data analysis advancements have taken place over the last twenty years. So many changes, and so much for this poster to wantonly refuse to see.

The ability to analyse data of any type relating to O + G and all resources has dramatically improved since 2007.

The necessity to secure global resources has become imprinted more strongly in the minds of all countries as each year passes, and it just so happens that the USA administration has recently become obsessed with the resources in Greenland, which is particularly opportune for 80M, along with other Greenland resource stocks, but the only company with Hydrocarbon licences in Greenland is 80M.

A unique and fortuitous position.

The fact that the current USA administration is also obsessed with Oil is yet another plus for 80M.

The Saudi JV with CRML to secure supplies from assets in Greenland is a further demonstration that also the Far East sees Greenlands assets as worthy of investment, which could also prove to be fortuitous for 80M, which I'll elaborate a bit more on in the next post.

If someone refuses to recognise that the world has moved on over the last two decades and investment sentiment has moved along with it, that's fine, let them continue to believe their outdated and minority view.

Thanks for that Nomlungu. 👍

MP

Forget the % increases on CRML, just focus on the Market Cap Valuation, $2 Billion (£1.5 Billion).

80M would have to increase 30 fold to catch up. 😀

That Vimeo video when they were visiting the drilling site was an enjoyable watch, with experienced drilling engineers who have decades of Arctic drilling experience.

Some of the salient points made in statements from a number of the experts visiting the site, below:

_______

Very confident in those rocks just because its the same geology as the North Sea.

We've seen the oil seeps and we know theres been enough uplift activity.

The uplifting creates more pressure.

After the first well you will have enough information on the sonic velocities in the rock. This very precisely identifies the oil traps.

Its not a question of 'if', its a question of 'when'.

We have oil on top of the water and this is the sign of a potentially large oilfield. In Baku, Azerbaijan ***, there were oil seeps and look at what happened there.

I'm excited to see this, smells like crude.

Arco confirmed that there have been billions of barrels generated on the Jameson Lease.

We know the oils here and we're going to find those oil traps.

_____

*** (Note: Azerbaijan surpassed 15 Billion Barrels of oil production recently) .

LITT1

0.8 Close. 🙂

To expand on the view that he's not the 'sales' type, meaning he's far too modest.

It needs a pushy individual who's 'sales hardy' doing it full time while Alex focusses on getting the resources and JV's in place, which he's clearly red hot at.

Using a broker alone, isn't enough, with an odd 'brokers note' put out every now and then. It needs a full time focus from someone employed solely to sell the investment and in reality, it's not a hard sell. The JV's are tremendous with two companies with great track records.

Hope Alex makes the effort to read these boards.

Agree, he needs to keep updating, as minor as the update may be, to keep reminding shareholders why they should remain invested.

It's a magpie's market and always has been. There are always other shiny trinkets emerging in the investing shop window and he needs to keep competing for the PI's attention and / or he needs to do regular sales rounds to the many investment houses.

He's doesn't come across as a 'sales' type, despite knowing his subject thoroughly, so maybe he needs to appoint someone who thrives on 'selling the potential and the current achievements'.

Ashton

Thanks for the links.

A few salient points from one of your links which are of particular interest below:

________

"Our exploration license in Greenland is the Jameson Land Basin.

We have hired an engineering firm that carried out an independent report last month. The data shows that there could be up to

*** 13 billion barrels of oil within the seismic lines; ***

*** these did not include the deeper horizon in the basin. This is just half of the basin .***

*** Our first well has proven reserves of over 2.9 billion barrels of oil. ***

*** There are oil seeps at the surface that have a genetic link to the North Sea. ***

I feel very fortunate that our company will be merged into Greenland Energy Company (Pelican) . Pelican will be renamed as Greenland Energy Company.

We are going to drill in five different formations on just the first well.

*** There is a high probability of success. ***

*** Again, the project is well advanced with a high probability of success. ***

*** Our peak production can be over 1.5 million to over 2 million barrels of oil per day, which could be exported to the European market. *** "

Cheshire

Your scenario relating to any aggressive takeover by the USA was briefly touched on before.

________

While it's agreed that the 'takeover' over of Greenland by the US is highly unlikely, even if they did, the use of the word 'legal' in relation to the licences and operations would have no bearing whatsoever on whether they were developed. It assumes that the current USA administration recognises existing rule based norms. It doesn't.

A USA listed stock, owned and traded by USA citizens with an asset in an area under USA control would be 'sanctioned' by who exactly ? It wouldn't make any difference whatsoever. The money flow would be entirely under USA control.