Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

Greenland Minerals and Energy Limited
GGG
http://www.ggg.gl
Gold
62
687

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.09 $0.10 $0.11 $0.09 $0.10 1641622 $0.01 ( 7.22% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
Greenland Minerals and Energy Ltd (GGG) is an exploration and development company focusing on advancing the Kvanefjeld multi element project through the feasibility phase and into mine development.
Strategy Analysis
GGG aims to identify large mineral deposits with the potential to underpin long term, economically robust mining operations in Greenland. This is achieved through technically-focused exploration and resource development programs.The Company is focused on advancing the Kvanefjeld project toward development. Greenland Minerals and Energy reported positive cash flow of $8.53m for the quarter ended 31 December 2012. Operating cash flow for the period was $(3.05m). Payments for exploration and evaluation were $(1.24m). Investing cash flow was $(4.96m). Financing cash flow was $16.54m. Cash in hand at the end of the quarter was $10.8m.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -5.1 -0.8 0.0% 0.0 0.0 0.0% 0.0%
2013 A -8.8 -1.5 0.0% 0.0 0.0 0.0% 0.0%
2012 A -17.3 -3.3 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Greenland Minerals and Energy (GGG) $67M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Newcrest Mining (NCM) $10,808M -0.0429 0.0172 0.6409 25.0177 24.5945 14.9888 0.00% 0.00% 0.00%
Northern Star Resources (NST) $1,327M 0.2151 2.2157 0.5599 27.9302 8.6855 5.5680 1.56% 2.68% 4.53%
OceanaGold (OGC) $734M 0.0000 -0.4252 -0.1760 5.5138 9.5918 11.6402 2.02% 1.06% 1.06%
OZ Minerals (OZL) $1,308M 0.0000 0.4041 0.4275 31.4369 22.3896 15.6841 2.32% 0.62% 0.62%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.81 0.00
Market 0.91 16.80 1.31 2.35
Sector 0.60 13.70 0.69 1.26

Directors

Name Position Start Date
Mr Simon Kenneth Cato Executive Director 21/02/2006
Dr John Mair Managing Director 07/10/2011
Mr Anthony Peng Ho Non-Executive Chairman 09/08/2007
Mr Michael Hutchinson Non-Executive Director 25/11/2008
Mr Jeremy Whybrow Non-Executive Director 21/02/2006

Management

Name Position
Miles Guy Chief Financial Officer,Company Secretary
Shaun Bunn Chief Operations Officer

Substantial Shareholders

Holding Name
100,690,410 (17.50%) Citicorp Nominees Pty Limited
83,056,904 (14.50%) JP Morgan Nominees Australia Limited
76,972,260 (13.40%) HSBC Custody Nominees (Australia) Limited
55,304,175 (9.60%) Rimbal Pty Ltd
35,000,000 (6.10%) GCM Nominees Limited

Calendar of Events

Date Event
08 April 2016 Report (Annual)
18 March 2016 Report (Annual)
28 January 2016 Report (Quarterly)
29 October 2015 Report (Quarterly)
28 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.