Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James & Team, Would appreciate your advice on the following: 1) Your comment on why GGG fell like a rock after recent raising capital at 26.5 cents? 2) Is there an ETF on EV without TSLA in its portfolio? Many thanks, Sidney
Morning Sidney,
1 – Greenland Minerals (GGG) is a $215m uranium and rare earths explorer / developer, this is an extremely volatile space and after its $30m cap raise at 24c the markets clearly lost confidence in the business for the foreseeable future as the stock closed at 16c on Friday, as I said this is a sector where stocks double and half almost monthly.
2 – EV sales are expected to reach 12 million in 2025 and 24 million in 2030 hence it’s easy to comprehend your interest in the sector. I’m not aware of an ETF that doesn’t have exposure to leading market player Tesla (TSLA US), if you have an aversion to Elon Musk’s goliath perhaps consider a portfolio of alternative individual players with a number currently surfacing in China.
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