Greenland Minerals and Energy Limited (GGG)



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General Information
Company Name: Greenland Minerals and Energy Limited
Stock Code: GGG
Website: www.ggg.gl
GICS Sub-Industry: Gold
Market Cap ($M): 51
Equiv. Shares (M): 669

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.076 $ 0.078 $ 0.078 $ 0.075 $ 0.076 47,649 0%

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 (%)
2013  A -8.8 -1.5 -- 0.0 0.0 0.0 --
2012  A -17.3 -3.3 -- 0.0 0.0 0.0 --
2011  A -14.2 -3.4 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Greenland Minerals and Energy (GGG) $53 M -- -- -- -- -- -- 0.00 -- --
Newcrest Mining (NCM) $7,397 M -0.0429 -0.2248 0.4715 17.1221 22.0874 15.0101 0.00 0.00 2.07
OceanaGold (OGC) $742 M -- -- -0.0380 -- 7.1867 7.4704 0.00 0.00 0.00
OZ Minerals (OZL) $1,062 M -- -- 0.1368 -- 67.4374 59.3220 5.71 5.71 4.31
Regis Resources (RRL) $765 M -- -- 0.8378 -- 11.7602 6.3990 0.00 NaN 5.86

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
GGG -- -- 0.63 -- 760.0
Market 0.91 15.3 1.20 1.75 1.52
Sector 0.64 11.4 0.74 0.95 2.64

Directors
Name Position Start Date
Mr Simon Kenneth Cato Executive Director 21 February 2006
Dr John Mair Managing Director 07 October 2011
Mr Anthony Peng Ho Non-Executive Chairman 09 August 2007
Mr Michael Hutchinson Non-Executive Director 25 November 2008
Mr Jeremy Whybrow Non-Executive Director 21 February 2006

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

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

Calendar of Events
Date Event
29 October 2015 Report (Quarterly)
28 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
16 April 2015 Report (Annual)
28 January 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.

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