Morning Mumble: Anglo Pacific Isua license & General Nice Development Limited

Back again!

Thanks to the prompt from Roger Bade today in his morning coverage about Isua. New strong force behind London Mining Greenland. People will be aware of General Nice Development Limited because of their association with Petropavlovsk PLC and IRC. With this action, it makes one wonder about the economics of the project, unless of course its one for the very long-term. 

Is the drop on APF (Anglo Pacific) today an acknowledgement of the loss of royalty (unlikely as its three days old). One would have assumed the royalty was on the project (lien against title). Perhaps APF would like to update their market on the specifics. We know its written down (impaired), but is that written off? Isua update in the Q3 Interim Management Statement, where they give an undertaking to update the market..perhaps by Christmas then?

Atb Fraser