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Comments on this blog should never be taken as investment advice

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumASX: GGG will benefit from Greenland and Denmark uranium agreement

  • Denmark and Greenland sign new four-part uranium deal:

    Four part deal
    The four agreements in the uranium deal are:

    – a general co-operation agreement regarding the specific foreign, defence and security policy issues related to the mining and exportation of uranium from Greenland

    – a joint declaration on safeguarding nuclear materials

    – a joint declaration on export control of products and technology that can be used for both civilian and military (dual-use)

    – an agreement on Greenland’s safeguarding of nuclear safety in connection with mining

    The parliaments in Denmark and Greenland are still to agree on certain aspects of the agreement, such as the safeguarding of nuclear materials. This is expected to take place sometime in early 2016.

    Southwest Greenland is estimated to have the world’s largest deposits of uranium.

  • It should be remembered that ASX: GGG has the world's largest (ex-China) Rare Earth resource at Kvanefjeld and is well along the pathway to be able to mine and process them. When GGG gets into production it will change the face of the world's heavy rare earths supply.

    To my way of thinking it is a miracle that Greenland was able to counter the hostility towards uranium and the agitation from existing rare earth suppliers who lobbied Denmark to shut them down.

  • GGG-ree-huge.gif

  • Yes, Yes and Yes. When you are right Sparty… buy. Haha

    I have never seen a company that has so much value be so undervalued.

    Today I bought in

    Everyone else… watch and see

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