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GGG, GREENLAND MINERALS AND ENERGY LIMITED
nipper
post Posted: Apr 8 2021, 05:18 PM
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In Reply To: nipper's post @ Apr 7 2021, 07:59 PM

whilst GGG management claimed the Chinese partner was an advantage,
QUOTE
arguing .... that the involvement of Chengdu based Shenghe Resources, which he says holds 9.4 per cent of Greenland Minerals, is an advantage because of the technical knowledge it brings.

"There's not a lot of Western experience in this particular space. They've provided a huge amount of horsepower to the technical side of the project and it's not like they have a controlling stake, control of the agenda or the strategy.
Shenghe is widely regarded as a leader in rare earth processing, and is an established supplier to international end-users."

Mair says the relationship is actually an example of technology transfer out of China: the processing of rare earths and other commodities "isn't done in a black box on the other side of the earth; it's done here in Australia in commercial, accredited laboratories".

Furthermore, Mair says that while people are quick to point to the company's Chinese partners, Greenland Minerals has a far larger investor base more than 20 per cent and a fast-growing European share register, and over 15 per cent held by North American investors. "Shenghe's involvement in US rare earth producer MP Materials has been similar.

but the politics has kyboshed it.... down 40% today, before a Trading Halt.... further to go later??



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 7 2021, 07:59 PM
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(Reuters) .. The Kvanefjeld rare earth mining project in southern Greenland will be halted, the leader of the Inuit Ataqatigiit party that won Tuesday's snap election told state broadcaster DR on Wednesday.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Mar 7 2021, 08:32 AM
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GGG cops a mention in This ABC article.

QUOTE
A proposed rare earth mine, which if approved will be the world's second largest, is shaping up as the nation's potential answer.

The mined materials would be used in renewable energy technologies that could slow or reverse climate change.

But it's risky business, environmentally and politically, especially when a superpower is involved, and hoping to mine uranium from the same vein.

That's the case for the proposed Kvanefjeld mine, for which Greenland Minerals, an Australian company with a Chinese partner, has been trying for more than a decade to get approval, spending some $83 million on environmental, safety and feasibility studies.Greenland Minerals' corporate social responsibility manager and geologist Johannes Kyed said studies on the project have been rigorous.

"In my own opinion, this is one of the most comprehensive studies made on a project like this, and [it's] understandable, because there is uranium in the rock," Mr Kyed, who grew up in southern Greenland, said.

But fierce debate among Greenlanders may yet derail the project.

Proponents say profits from the Kvanefjeld mine could speed up Greenland's bid to gain full independence from Denmark rather than its current limited self-rule, by reducing dependence on Denmark's annual subsidy of roughly $800 million.

Opponents say the proposed open-pit mine would deface a pristine and fragile ecosystem in the only part of this mostly ice-covered island, where climate change's warming temperatures allow new farms to provide Greenlanders with lamb, vegetables, strawberries and even honey.


Whats the chances that the Greenland government end up cancelling whatever they have proceeded with for GGG, and some previously unknown company based in China takes over.
Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Nov 23 2020, 01:32 PM
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GGG is looking for $30 million via a placement of new shares and was also undertaking a share purchase plan to raise up to $3 million, according to terms sent out.

The new shares were being offered to investors at 24 each, which represented a 17.2 per cent discount to Greenland's last close and an 18 per cent discount to its ten day VWAP.

Canaccord Genuity was lead manager on the deal, while CPS Capital Group and Ashanti Capital were pitching in as co managers. Bids were due by 8am on Tuesday.

The money would go towards licensing and permitting at the Kvanefjeld rare earths project in Greenland, as well getting a definitive feasibility study ready.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Dec 10 2018, 08:12 PM
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Extract from research report linked below - under heading of "Consider a European mining industry" page 18.

GGG has it's Kvanefjeld REE project and, together with Chinese Shenghe, are considering a staged development of the project. This would see initial downstream processing take place in China

QUOTE
Despite the fact that critical metals are barely extracted in Europe, the continent is home to several reserves: most notably in Greenland and Sweden. Kvanefjeld (Greenland) is an area that could supply an annual amount of 31,000 tonnes of rare earth oxides (REO), for a period of 33 years. For comparison: the current annual global production of REO is about 130,000 tonnes. This area contains mainly light rare earth elements (LREE), such as neodymium, but also uranium and zinc. Nora Kärr (Sweden), another area with reserves, could produce 6,800 tonnes REO annually, of which 3,600 tonnes would be heavy rare earth elements (HREE). This mine could produce about 15% of the annual global demand of dysprosium.16These mines are currently in the development stage: it could take several years before these mines actually produce any raw materials. Moreover, it is important to not only extract ores, but also develop a refining industry to refine the metals and process them into the technologies we need. This aspect is currently almost entirely done in China


Importance of rare earth metals mining makes it into COP24
Valentina Ruiz Leotaud |
QUOTE
In a series of talks that took place within the COP24 summit in Katowice, Poland, defenders of the circular economy highlighted the importance of including mining of rare earth metals into their discussions.

Based on a research document focused on the Netherlands and prepared by consulting and venture building firm Metabolic, the experts agreed that resources are the missing link in the climate debate. In their view, this is a mistake because rare earth metals are needed to build enough solar panels and wind turbines to meet the Paris Climate Agreement targets.

In detail, the report found that achieving such goals requires major inputs of iron and steel for the foundation and shaft of wind turbines. At the same time, elements such as silicon, copper, lead, and zinc are needed. However, their supply is more or less guaranteed given that they have been used in large quantities for decades.

Other metals, such as neodymium, terbium, indium, dysprosium, and praseodymium, would need to be mined in larger quantities and production would need to grow as much as 12-fold by 2050 compared to today’s output.

Besides being key components of wind turbine and solar technologies, these metals are used in electronic equipment like hard drives, loudspeakers, and LCD-screens.

Neodymium, for example, is used for permanent magnets in wind turbines and in electric vehicles. Using the Netherlands’ demand as a case study, the document states that the country will have about 1.2 million electric cars in 2030, resulting in an average demand of 100,000 electric cars per year. With a neodymium demand of 1.46 kg per car, the result is a total demand of 146 tonnes per year. In other words, the Dutch demand for neodymium – only related to the energy transition – would amount to 4% of the global annual production.

Just focusing on electric vehicles, Metabolic expects total lithium and cobalt demand to increase by a factor of 25 towards 2050.

Keeping these forecasts in mind, the consultancy proposes the idea of developing a European mining industry, given that the continent is almost completely dependent on foreign supply of critical metals, despite the fact that it hosts some reserves.

The report also suggests enabling the production of renewable electricity with a smaller demand for critical metals and increasing circular design and recycling efforts by embedding circular design principles into the production of wind turbines and PV panels, to enable future reuse of components and materials at end-of-life.

http://www.mining.com/importance-rare-eart...ng-makes-cop24/

The full research report - https://www.metabolic.nl/publications/metal...on-netherlands/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
arty
post Posted: Feb 27 2017, 11:21 AM
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In Reply To: arty's post @ Feb 6 2017, 11:21 AM

so far so good
if the current HL at 14c becomes the new Holding Support, the next HH should get close to 28c.
I'm still waiting for confirmation of Support before buying back in.

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 


arty
post Posted: Feb 6 2017, 11:21 AM
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In Reply To: mullokintyre's post @ Aug 25 2016, 04:37 PM

I agree, Mick.
It took a while longer, but even a buy at current support could reap good rewards.

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I've already started, building a new position.



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
mullokintyre
post Posted: Aug 25 2016, 04:37 PM
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In Reply To: arty's post @ May 14 2015, 01:39 PM

Looks like GGG still has a bit of life in her yet.
UP two days in a row.
Was up 13% at one stage today.
Mick



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sent from my Olivetti Typewriter.
 
arty
post Posted: May 14 2015, 01:39 PM
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In Reply To: mullokintyre's post @ Apr 23 2015, 12:48 PM

Judging by recent announcements and presentations, including today's http://www.asx.com.au/asx/statistics...idsId=01625222 elaborate slides, it seems that GGG's mining plans are becoming socially and politically more acceptable.
It was only that report that got me to bring up GGG's chart again - and I like the shape of it.

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Volume has picked up and a Flag pattern has formed above the mid-level of the recent trading range. If Fib 61.8% holds, a breakout from the flag should offer some lucrative trading opportunities. Alert set.



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
mullokintyre
post Posted: Apr 23 2015, 12:48 PM
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GGG going for run for a few days now. up 30% today.
Most recent notice has Rimbal divesting a couple mill shares.
Rimball is a subsidirary of Westrip holdings that tried to take over GCE, the exploration arm of GGG.
Interesting times.
My other rem ALK is also up, though that may be due to encouraging drilling results rather than a general boost to rems.

Mick



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sent from my Olivetti Typewriter.
 
 


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