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ETM - Energy Transition Minerals

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YOUNG_TRADER

Joined
18 February 2006
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OMG is all I can say!

CDU all over again! Looks to have pulled off the deal of the century with its acquisition of a Ranium/Thorium Rare Earths deposit in Greenland!
 
Re: GGG - The Gold Company

$1.6000 $1.4700 1130.8% 1.1500 1.7000 1,559,822

OMFG nice to have a couple of lazy mil in the oppies
 
Re: GGG - The Gold Company

Wow, over 100 million pounds of Uranium...though looks like they cant mine it in Greenland currently.
 
Re: GGG - The Gold Company

I personally wouldnt touch them. Read the message again. See below. Very risky. Way better stocks out there to gamble on IMO. They will probably keep running but I dont have the balls to possibly see my money fall in half over a day.


It is currently not possible to receive a mineral license for the exploration or exploitation of uranium in Greenland. Therefore, the license does not include uranium as a commodity. Although uranium is not on the license we are not prevented from exploring for uranium as part of our multi element exploration program. Based on a memorandum on Policy and Practice of the BMP concerning exploration and exploitation of uranium and other radioactive elements issued by Nuna Law, a Greenland law firm with mining law expertise,
and other information obtained, the directors believe that uranium may be exploited as a by-product subject to normal conditions of any exploitation license and subject to approval by the BMP. The Company has to apply to the BMP for such an approval. The Company has not applied for such an approval and BMP has not issued an approval. We stress this is a possibility and not a legal right.
 
Re: GGG - The Gold Company

chris1983 said:
I personally wouldnt touch them. Read the message again. See below. Very risky. Way better stocks out there to gamble on IMO.
Click to expand...

Yeah but if you had say 50,000 GGGO that you picked up at 6c you wouldn't be complaining selling them at $1.50!!!!!!!!!!!!!
 
Re: GGG - The Gold Company

YOUNG_TRADER said:
Yeah but if you had say 50,000 GGGO that you picked up at 6c you wouldn't be complaining selling them at $1.50!!!!!!!!!!!!!
Click to expand...

Thats a totally different scenario YT. Course investors who picked them up at that price wont complain. I wouldnt enter at current levels.
 
Re: GGG - The Gold Company

lol.

Did anyone happen to be holding the options ?

1/2 a cent to this in a day, amazing if you held them
 
Re: GGG - The Gold Company

No history of any sale in the year 2007 in my logs Prior to today?

Maybe she should be just considered as a Maiden Voyage and Day ONE

I seem to remember lots of Uranium stocks that have and are still going up in SP without any hint of any rights and permits to mine
This might only be a fornmal prerequisite once the goods are found in the ground

That is, It is usually only a minor formality IMO

It's amazing how one negotiates so much better when one has a smoking barrel in hand!

Salute and Gods' speed
 

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Re: GGG - The Gold Company

i am still holding 2000 options which I paid $10 for... not a bad return... should have sold the house and put everything on it!!!
 
Re: GGG - The Gold Company

ahchard said:
i am still holding 2000 options which I paid $10 for... not a bad return... should have sold the house and put everything on it!!!
Click to expand...

Why, and how would you buy $10 worth of options?

Still a handsome return, even after brokerage?, well done.
 
Re: GGG - The Gold Company

Bought 2000 GGG shares at 0.445 and there was a bonus options offer to shareholders for 0.005...

yes not a bad return, and there was no brokerage for purchasing the options.
 
Re: GGG - The Gold Company

ahchard said:
Bought 2000 GGG shares at 0.445 and there was a bonus options offer to shareholders for 0.005...

yes not a bad return, and there was no brokerage for purchasing the options.
Click to expand...

what makes you invest in GGG? I even did not hear about it before its unbelievable shooting. Thank you very much.
 
Re: GGG - The Gold Company

It was VERY OMG on the day - but what amazes me is the fact that it's held and still very solid at this level.
I really exoected a pull back by now.
Is it being kept buoyant now by trders who want it as a play thing for a few more sessions, or is it really good value at this price?

I suspect the former - but we'll have to wait and see.
 
Re: GGG - The Gold Company

guys just to let you know of the upcoming resource upgrade on this little covered stock expected by the end of this month

(now known as Greenland Minerals & Energy)

The company uppdate announcement earlier this month

http://www.asx.com.au/asxpdf/20080208/pdf/317c51cbwjks26.pdf

check out a recent research report!!

http://www.ggg.gl/documents/broker-research-reports/

this upgrade could be a monster.


Don't forget the directors have been purchasing on market (about $480k up) over the past six months mainly in the $1.20->$1.30 region. So at these prices it looks very cheap.

Apparently there is a fair chance of the ban on Uranium mining laws being overturned later this year, given the economic prospects for the small town, with one of top 10 multi element deposits in the world.
 
Well hello... (**removed ramp**) BUT

Plenty of green, green, green... here at Greenland over the past two weeks

Resource upgrade is delayed and should be here late this week or early next week.

Remember this is more than just a monster Uranium deposit, it's economic value consists more of the Rare Earths component, which is back in favour of the market

 
I bought some GGG shares on a dip recently after a quick squizz at their uranium and rare earth holdings in Greenland,hopefully laws up there will change when the potential flow on effects to the economy step over the environmental concerns(sorry greenies)hey greenies? ,Greenland
 
Resource upgrade of inferred Resource of 338Mt at 0.031% U3O8 inclusive of 90Mt at 1.09% REO and 79Mt at 1.69% NaF (150ppm U3O8 cutoff). REO and NaF resource size currently constrained by incomplete chemical assays only.

Which equates to 229 million pounds of U3O8, 988,000 tonnes of rare earth oxides and 1.3 million tonnes of NaF.

Uranium at market price of $65 a pound and Rare earth at $21 a kg and Naf at $1000tonne. It's a multi billion dollar world class resource.

One thing to keep in mind though is uranium mining is currently banned from Greenland.

But doing a comparison of GGG and Lynas corporation (LYC) another rare earth company. LYC resource currently stands at 12.2 million tonnes at 9.7% REO, giving a new resource of 1.18 million tonnes of REO.


And LYC currently Market Cap is well over a 800 million, whereas GGG Market cap is only a lil over 100 million. Making GGG a fairly undervalue company.

As with everything do your own research
 
I was lazy to show a real value for GGG so i thought i better do a better fundamental analysis.

GGG Resource states their resource has 229 million pounds of U3O8, 988,000 tonnes of rare earth oxides and 1.3 million tonnes of NaF.

I will not value the uranium in their site since uranium mining is banned.

From Lynas Corporation (LYC) public announcement, they put the value of their rare earth at $21 kg. Stating the composite of their rare earth is more highly value.

Using a lower estimate of $15 dollars per kg for GGG's rare earth.
988000 tonnes =988000000kg
988000000*15= 14.8 billion worth of rare earth

Using a estimate of $10 per kg of rare earth
988000000*10=9.8 billion worth of rare earth.


That isnt even considering the 229 million pound of uranium they have. Which is currently banned from mining, but there is talks of lifting this ban.
 
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