12 days ago
Amaroq (AMRQ) has issued a “2026 Production and Financial Guidance and Exploration Update”, with CEO Eldur Olafsson emphasising “with the Nalunaq gold mine now through the commissioning of Phase 1 and running in steady state operations, I am pleased to be announcing our 2026 full year production guidance range of 25-35koz of gold. Within the current gold price environment and based on our cost and capital budgets for the year, we anticipate strong free cash flow from operations”. The following is why that and the company’s other potential also in Greenland suggests there is still value from an up to 121p share price, £563 million market cap.
49 days ago
I was interviewed today doing my bit to help press freedom. I explain that then move onto Kurdistan, Greenland and crashing global markets in everything bar surging gold and silver. I discuss two tier financial policing: Predator Oil & gas (PRD) and also Dave Richards MBE. Then it is corporate troughing at Union Jack Oil (UJO), where I promise new exposes, and why it matters. Finally, I look at Victoria (VCP) and its bond prices. they tell you the shares are going, as long predicted by me, to 0p.
50 days ago
I start with Lucian on gold and Greenland and the reason Lucian has given not to buy gold that has been so costly for those who listened. Then Union Jack Oil (UJO) as the troughers respond to an EGM request. Finally Marechale Capital (MAC): is its NAV real?
88 days ago
Amaroq (AMRQ) has announced drilling results from its Nanoq gold project in Greenland, emphasising “the outcomes have exceeded our pre-drill expectations and provide us with strong confidence in Nanoq’s potential to host a material gold deposit”. What’s the significance of this relative to the valuation from an up to 94.5p share price?
110 days ago
Amaroq (AMRQ) has announced its third quarter of 2025 results and adds that “in October 2025, ahead of the planned shut-down of operations, gold production had already reached approximately 5,000 oz, in line with our revised 2025 production guidance. With the shutdown period now complete, and following the restart of operations, we now expect 2025 full year gold production to be 6,000 to 7,000 oz”. With also it stating that it is on track to achieve nameplate throughput of 300 t/d by year-end at Nalunaq in Greenland, the following is why there still looks strong value from a 93.5p share price.
132 days ago
Amaroq (AMRQ) has announced “New Gold Discoveries Across Greenland with Grades up to 38.7 g/t Au”. With that a very high grade of gold, it immediately suggests yet more significant potential beyond the company’s flagship Nalunaq project in Greenland.
152 days ago
Okay, I am biased. At 91p I am more than 100% ahead and Amaroq (AMRQ) is my biggest holding but I am not selling as a) I want to maintain exposure to gold and b) I think the shares are very low risk and offer massive upside. My own view is that the company will get taken out at 150p+ next year as gold majors engage in frantic M&A activity. But I am happy to hang on for several years for fundamentals to drive them even higher. If you doubt me, CEO Eldur Olaffson knocks it out of the park in this video out yesterday flagged up by reader K. The key takeaways are:
271 days ago
284 days ago
449 days ago
Amaroq Minerals (AMRQ) has announced that sampling at the Eagle’s Nest target 31 kilometres from its Nalunaq gold mine in Greenland has identified two distinct sub-parallel gold veins and gold grades up to 54.5g/t, with “initial geochemical results suggestive of a similar mineralisation style to Nalunaq”. This looks to further demonstrate the exploration, as well as production, potential we’ve been emphasising here. And this is critical for Nalunaq on its own justifies a premium to the current share price but it is the massive exploration potential that will attract potential corporate bidders within a couple of years. The faster Amaroq explores, getting results like these, the more a bidder will have to pay.
615 days ago
With the largest package of mineral rights in southern Greenland, Amaroq Minerals (AMRQ) announced an equity raise of approximately £30 million “to accelerate development and exploration activities”. However, as suggested by the price of the fundraising despite a depressed market, the prospective accelerated development and exploration looks very exciting indeed.
637 days ago
Greenland minerals development and exploration company Amaroq Minerals (AMRQ) has announced further exploration results from its flagship Nalunaq project following its 2023 exploration programme, including identifying further resource and mining potential.
793 days ago
Writing on minerals development and exploration company in Greenland, Amaroq Minerals (AMRQ) last week with the shares at 57p we noted significant further gold exploration potential. We now note a “Nalunaq Drilling Results deliver record gold grade”-titled announcement from the company.
1056 days ago
Amaroq Minerals (AMRQ) has announced that all resolutions have been met meaning its Strategic Minerals joint venture transaction with GCAM has now closed, with approval from the Greenland government. An “exciting milestone”?
1074 days ago
Gold and strategic metals development and exploration company in Greenland, Amaroq Minerals (AMRQ) has announced that it has agreed heads of terms for $49.5 million of financing to enable trial mining, processing and production of gold doré at its flagship Nalunaq project and we’ve subsequently spoken to CEO Eldur Olafsson.
1370 days ago
AEX Gold (AEXG) has announced first-quarter results, emphasising that its strategy remains to bring the Nalunaq gold project back into production, and use it as a platform for strategic mineral assets in Greenland.
1391 days ago
AEX Gold (AEXG) is pleased to announce its addition of mineral exploration licences No. 2020-41 and 2021-11, covering areas in South Greenland.
1427 days ago
On 24 March 2022 BlueJay Mining (JAY) announced its plans to drill at the Disko-Nuussuaq project in Greenland and this was the excitement needed to get investors to stump up $7 million for a placing at 7p. How distant are those days when disgraced Nomad and broker SP Angel set a40p+ target and was dumping its own shares at well north of 10p. I digress, wind forward 18 days to today.
1429 days ago
AEX Gold (AEXG) has announced exploration drilling results from its Nalunaq project in Greenland which it emphasises verify that the Valley Block, unrecognised by previous operators, is a new high-grade zone and supports its ‘Dolerite Dyke Model’ which has been used to predict the location and extents of five new high-grade zones.
1703 days ago
AEX Gold (AEXG) has announced an update on progress at its flagship Nalunaq project and that it has also applied for a new exploration licence in Greenland.
2455 days ago
News yesterday from BlueJay Mining (JAY) continues to underscore my view that the company needs to carry out an extensive capital raising exercise in order to progress on its Dundas field in Greenland. The word on the street is that it is sounding out mugs about a placing at 5p a pop.
2763 days ago
Natch, shamed and disgraced Nomad SP Angel of Mysquar (MYSQ) infamy is still refusing to say whether it dumped shares in Bluejay Mining (JAY) while advising its poor clients to buy. But I cannot blame it, if it did dump because the £132.8 million market cap – at 15.25p – is frankly barking. In large part that is because the climate for mining in Greenland is just very hostile, something SP angel neglects to mention in its ramptastic research.
3394 days ago
A City source tells me that broker SP Angel is right now endeavouring to raise £7 million for Greenland mining outfit Finnaust (FAM) at 7p per share. At a current 8p to 8.75p the company is valued at £40 million on AIM.
3394 days ago
Is the long running farce Old Mother Worthington (WRN) finally coming to the end of the road? I am surprised that the company has not put out an RNS to keep its loyal investors informed but there is bad news in Greenland.
3399 days ago
The eco-loon climate change fanatics at the BBC are on a roll with the statement that the world's temperature in 2016 will be "the warmest since records began." In fact they are on such a roll they are again talking about global warming rather than climate change. But as they, again, warn that the arctic ice is disappearing there are a few inconvenient truths.
Of course "since records began" is not very long on a global scale and it is clear that the world in 2016 will be a lot cooler than it was during the medieval warm period which was before coal fired power stations. On that basis can anyone still demonstrate beyond doubt that we are seeing "man made climate change".
But there are other problems. Here are two charts.
3581 days ago
Shares in Worthington (WRN) have remaoined suspended for an eternity as we await details of an RTO by bankrupt Danish listed Nuna Minerals post its own refinancing by Green;land Mining, a company without a bank account. While we wait, Worthington has still not published its accounts for the year to September 30 2014 (not a typo). But now surely it is all over, the UKLA must simp;ly boot Worthington off the market ahead of its administration.
3655 days ago
The farce at the fraud that is Worthington (WRN) continues and it looks as if it will be in the snows of Greenland that the final rites are read. Things are moving fast.
3684 days ago
It is good to see that the comedy show at Worthington (WRN) continues and now that must read publication, The Arctic Journal is on the case, exposing the latest problems for this worthless company.
The Article reads: NunaMinerals - Payback’s a glitch
3973 days ago
We are still to hear from Worthington (WRN) as to its intentions of becoming a global conglomerate listed on four exchanges around the world but meanwhile one of its preposterous operations already seems to be in deep merde. I refer to its claims made about GREP, a company exploring for rare earth minerals in Greenland. This is comedy and you could not make it up. Well Worthington could.
