RE: special commitee--thank you Hmmmmmm.
While I am delighted with this news release (by far the most encouraging release in many years in my opinion), I am not sure your math is complete.
I think you forgot to factor the effect of the 43,000,000 warrants entitling the holder to 2 common shares each plus the 16,000,000 stock options. These numbers are as of June so they don't include another 10,000,000 shares associated with the recent private placement.
If I am right, this adds another 100,000,000 common shares to the equation that must be considered. Also, TGX failed to comment on how they plan to finance their portion of the capex associated with building the mine. This could further dilute our holdings into oblivion.
I look forward to the day the Greenland government issues the mine permit. I suspect this recent news release will add significant credibility to their permit application. I will cautiously watch the market for developments from here but I am not willing to invest more considering i've lost over 90% of my original investment in this company. I learned a lot from this investment.
Good luck to all and please let me know if I am missing something.
Marc