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#Election Response 9/4/21
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Last edited 4 years ago

After their Trading Halt yesterday, Greenland responds to the Election Outcome

  •  New Greenland Government to form following a national election on 6 April 2021
  •  Inuit Ataqatigiit (IA) Party will negotiate with other parties to form a new coalition government  
  •  Greenland Minerals looks forward to working with the new government as it progresses development of its Kvanefjeld rare earth project.

This announcement lifts their Trading Halt...at this stage it looks like the share price will hold at about 9cps?......maybe shareholders are waiting til after they find out who exactly the Coalition is? 

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#TH ~ Snap Election 8/4/21
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Last edited 4 years ago

Greenland held a snap election on 6/4/21.  The Sydney Morning Herald Reports-

"Helsinki: Greenland’s main opposition party, which campaign heavily against an Australian company’s mining project involving uranium and other metals on the Arctic island, has emerged as the biggest party after winning more than a third of votes in an early parliamentary election.

The result of casts doubt on the mining complex at Kvanefjeld in the south of the Arctic island and sends a strong signal to international mining companies wanting to exploit Greenland’s vast untapped mineral resources.

The island of 56,000 people, which former US President Donald Trump offered to buy in 2019, is part of the Kingdom of Denmark but has broad autonomy.

With all votes counted on Wednesday (Greenland time), the left-leaning Community of the People party (Inuit Ataqatigiit) had secured 37 per cent of the votes, entitling it to 12 seats in the Greenlandic national assembly, the 31-seat Inatsisartut.

Its biggest rival, the ruling centre-left Forward (Siumut) party took the the second spot with 29 per cent of the votes, giving it 10 seats in the legislature.

In a victory speech, Community of the People chairman Mute Egede pointed to themes which made his party, running on a strong environmental agenda, to stand out among voters.

“There are two issues that have been important in this election campaign: people’s living conditions is one. And then there is our health and the environment,” said Egede, a 34-year-old native of Nuuk, Greenland’s capital, according to the Greenlandic public broadcaster KNR.

The result means a power shift and an end to Forward’s long reign at the top of politics in Greenland. Forward chairman Erik Jensen conceded the party’s defeat and congratulated Egede and his party on winning the election"....

https://www.smh.com.au/world/europe/left-wing-party-wins-greenland-election-after-opposing-australian-company-s-mine-20210408-p57hdb.html

GGG's Trading Halt Notice attached

GGG's shares already down 45% before they got to pause trading

 

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