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Business Description: Greenland Minerals and Energy Ltd (GGG) is an exploration and development company focusing on developing mineral projects in Southern Greenland. GGG’s flagship project is the Kvanefjeld multi-element project, which is prospective for both light and heavy rare earth elements, uranium and zinc.
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.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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