Today I bought about 600k shares Greenland Resources. I probably got just over 2mm shares with an average price of 40+ cents. I’m not gonna comment further on this but since I’m gaining so many followers and plan to comment on this company a lot I feel I should mention it
Now before I’ve got my full fill. I’d like to get 3mm shares under 50c. But won’t pay more than 65
This is one of my 10x plus 10 year pics. Don’t be lazy go the website and see what they have. Molybdenum will make an all time high this commodity bull (for fucking sure) and this company will 20x plus.
For those questioning Greenlands commitment to mining and projects like Greenland Resources $moly take note that Government approved its Ministry of Mineral Resources joining ERMA. European Commission that will support EU’s transition to a green economy.
govmin.gl/2021/07/the-mi…
ERMA was launched along with the European Commission’s 2020 List of Critical Raw Materials.
Germany’s economy is strongly tied to Steel and needs Moly, EU produces none. IMHO, China moving from an exporter to importer and becoming a serious competitor for battery and EV cars
EU knows well that they must secure long term $moly supplies and Greenland Moly being a huge world class resource that was fully permitted back in 2009 with 3x the grade of competitors is the natural choice for a longterm supply agreement.
I think it’s likely that Greenland Resources will be able to secure attractive financing terms along with a longterm off-take agreement and greatly limit shareholder dilution on the road to becoming a producer.
Updated Feasibility Study will be out in the coming months and will be used to provide updated White Paper submission to re-acquire the fully permitted status for the project (updated from 2009)
The process is under way… could be completed in Q1 2022
naalakkersuisut.gl/en/Hearings/He…
More clarification on Greenlands support for mining (other than Uranium) Naaja Nathanielsen, is the Minister of Mineral Resources, been in Parliament in the years 2009-2016, (when it was last permitted)
govmin.gl/2021/05/greenl…
"The mineral resources area is very important for the new government in order to diversify the Greenlandic economy to the benefit of all. The government is very keen to see all types of mining projects progress, except uranium.”
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