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Last $0.07 USD
Change Today +0.0012 / 1.74%
Volume 85.5K
As of 5:20 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

greenland minerals & energy (GDLNF) Snapshot

Open
$0.07
Previous Close
$0.07
Day High
$0.07
Day Low
$0.07
52 Week High
08/29/14 - $0.15
52 Week Low
03/6/15 - $0.04
Market Cap
48.1M
Average Volume 10 Days
99.7K
EPS TTM
--
Shares Outstanding
686.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GREENLAND MINERALS & ENERGY (GDLNF)

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greenland minerals & energy (GDLNF) Details

Greenland Minerals and Energy Limited, an exploration company, engages in the acquisition, exploration, development, and commercialization of mineral properties in Greenland. The company primarily explores for rare earth elements, uranium, and zinc. Its flagship project is the Kvanefjeld multi-element deposit located in southern Greenland. The company is headquartered in Subiaco, Australia.

28 Employees
Last Reported Date: 03/20/15

greenland minerals & energy (GDLNF) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$434.1K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$399.1K
Chief Operating Officer
Total Annual Compensation: A$851.7K
Compensation as of Fiscal Year 2013.

greenland minerals & energy (GDLNF) Key Developments

Greenland Minerals and Energy Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Greenland Minerals and Energy Limited announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company's revenue from continuing operations was AUD 0.76 million compared with AUD 0.29 million a year ago. Loss before tax was AUD 5.1 million compared with AUD 8.8 million a year ago. Loss for the year was AUD 5.1 million compared with AUD 8.8 million a year ago. Loss attributable to owners of the parent was AUD 5.1 million or 0.82 AUD cents per basic and diluted share compared with AUD 8.8 million or 1.53 AUD cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 3.2 million compared with AUD 4.1 million a year ago. Payments for property, plant and equipment was AUD 0.05 million compared with AUD 0.009 million a year ago. Payments for exploration and development were AUD 6.3 million compared with AUD 2.3 million a year ago.

Greenland Minerals and Energy Limited Signs New Memorandum of Understanding with China Non-Ferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. to Focus on the Development of the Kvanefjeld Project

Greenland Minerals and Energy Limited announced that, following 12 months of highly constructive cooperation, a second Memorandum of Understanding (MoU) was signed with China Non-Ferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. (NFC). The dialogue between GMEL and NFC (the Parties) commenced in 2013 and both companies concluded that co-operation between them represented a unique opportunity. The combination of the GMEL's potential to cost-competitively produce critical rare earth intermediate products from Kvanefjeld and NFC's expertise in rare earth separation and expanding separation capacity could form the basis of a globally significant rare earth business. An initial MoU was signed in March, 2014 with the objective of investigating the opportunity to establish a fully integrated rare earth supply business from mine to separated high-purity critical rare earth products. Since signing the initial MoU there have been a number of key developments. Continuous engagement between the Company and NFC over the last 12 months has enabled NFC to develop a thorough understanding of the Project from a variety of perspectives that include technical, logistical and economic. During this period the Company has also been working to complete a Feasibility Study (the Study) into the Project. The extent to which co-operation between the Company and NFC has developed is evidenced by the fact that NFC have provided the capital cost estimate that will be incorporated in the final Study report. The Study is currently undergoing internal review by GMEL prior to finalisation. Building on achievements to date and to map out the next steps towards developing a strategy to jointly develop the Project, the Parties have entered into a new MoU. The new MoU sets out the undertakings both parties have made to facilitate the formalisation of this strategy. The joint development strategy will be formalised in a Strategic Co-operation Agreement which the Parties have committed to work towards completing in 2015. Under the terms of the new MoU GMEL will be responsible for finalising the exploitation license application and commencing the permitting process. In addition, GMEL will complete pilot plant operations in the coming months that will provide further confidence and rigour to the proposed process flow sheet. NFC will provide assistance to GMEL in preparing the exploitation license application, and both parties will cooperate in identifying and completing further work programs required for the Project to reach bankable status.

Greenland Minerals and Energy Limited(ASX:GGG) dropped from S&P/ASX All Ordinaries Index

Greenland Minerals and Energy Limited(ASX:GGG) dropped from S&P/ASX All Ordinaries Index

 

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Industry Analysis

GDLNF

Industry Average

Valuation GDLNF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 70.8x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 61.9x
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