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Business Description: Greenland Minerals and Energy Limited (GGG) is an exploration company focusing on acquisition, exploration, and development of its license area over the northern Ilimaussaq Intrusive Complex in Greenland. GGG currently aims at exploring of its flagship project, Kvanefjeld project, in Southern Greenland.
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 negative cash flow of $4.96m for quarter ended 30 September 2011. Operating cash flow for the period was $(5.73m). Payments for exploration and evaluation were $(3.17m). Investing cash flow was $(561,000). Financing cash flow was $1.33m. Cash in hand at the end of the quarter was $17.8m.
The Age 8/02/2012 | TEL AVIV. A Palestinian deal to form a unity government that includes Hamas has been condemned by the Israeli government as a decisive step away from the peace process.
The Age 8/02/2012 | A 3200-square-metre office-warehouse development in Laverton North has been leased and sold within a fortnight, fetching $2.7 million. Nathan Bingham, Colliers International's manager in charge, Melbourne west, negotiated both deals on 70 William Angliss Drive. The new tenant, RMD Industries, which has operated locally for more than 50 years, took out a lease with passing rent of $220,000. The subsequent sale reflected a yield of 8.15 per cent. "It was the combination of the quality of the ...
The Age 8/02/2012 | FOSTER'S has lost the rights to Asahi as the Japanese brewer of the popular imported beer mounts a fresh push into the Australian market. From April 2, Asahi Group Tokyo will import and market its flagship Asahi Super Dry through a new premium beverages division at its local subsidiary, Independent Distillers.
Sydney Morning Herald 8/02/2012 | ONE of the world's biggest pension funds, the California State Teachers' Retirement System (CalSTRS), has tapped the fund manager behind Australia's super industry to manage more than $US500 million ($466 million) worth of infrastructure investments around the world.
Sydney Morning Herald 8/02/2012 | IT TOOK some time but the Thai sugar giant Mitr Phol has gained a majority interest in MSF Sugar, owner of the Maryborough sugar mill in Queensland, and declared its $313 million takeover bid unconditional.
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