Buy Or Sell Opportunity • Mar 25
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 100% to CA$0.03. The fair value is estimated to be CA$0.022, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Feb 23
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 100% to CA$0.03. The fair value is estimated to be CA$0.022, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jan 14
Now 32% overvalued Over the last 90 days, the stock has fallen 25% to CA$0.03. The fair value is estimated to be CA$0.023, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Dec 18
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 63% to CA$0.015. The fair value is estimated to be CA$0.023, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Recent Insider Transactions • Aug 14
Insider recently sold CA$60k worth of stock On the 7th of August, Gregory McKenzie sold around 4m shares on-market at roughly CA$0.015 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$762k more than they bought in the last 12 months. New Risk • May 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$763k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$763k free cash flow). Shares are highly illiquid. Negative equity (-CA$339k). Earnings have declined by 3.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.29m market cap, or US$928.9k). Board Change • Apr 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Chairman, CEO & President Greg McKenzie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Chairman, CEO & President Greg McKenzie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 26
Independent Director recently bought CA$181k worth of stock On the 17th of December, Thomas English bought around 4m shares on-market at roughly CA$0.045 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$702k more in shares than they bought in the last 12 months. Recent Insider Transactions • Oct 06
Independent Director recently sold CA$301k worth of stock On the 30th of September, Thomas English sold around 5m shares on-market at roughly CA$0.06 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$583k more than they bought in the last 12 months. Board Change • Sep 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Chairman & CEO Greg McKenzie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Sep 03
Greenhawk Resources Inc., Annual General Meeting, Oct 24, 2024 Greenhawk Resources Inc., Annual General Meeting, Oct 24, 2024. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.76m market cap, or US$5.67m). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Chairman & CEO Greg McKenzie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (39% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.1m market cap, or US$8.83m). Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tom English was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tom English was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tom English was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tom English was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tom English was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jun 04
Greenhawk Resources Inc., Annual General Meeting, Aug 02, 2022 Greenhawk Resources Inc., Annual General Meeting, Aug 02, 2022. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Tom English is the most experienced director on the board, commencing their role in 2016. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 공시 • Jan 05
Greenhawk Commences Logistical Planning for 2022 Exploration Activities Greenhawk Resources Inc. announce that it has commenced logistical planning for 2022 exploration activities at its 100% owned Storø Project in Greenland. The exploration potential of the Storø licence has been demonstrated through several exploration and sampling campaigns. The most prospective location in the licence is considered to be the Qingaaq Mountain area, where exploration was focussed between 2005 and 2015. Future work will be focused on further drilling in the Qingaaq area to improve data density in the main zone area with the objective of increasing the mineral resource base. In addition, future drilling is planned to investigate the potential down-plunge extension of main zone and to improve geological controls on mineralisation within known gold-bearing structures. The approach applied to exploration in the Storø licence has been a progression from: reconnaissance mapping and sampling of scree, stream sediments and outcrop to determine areas with anomalous gold and /or pathfinder elements; channel saw and chip sampling over outcropping zones of quartz veining, alteration and sulphide mineralisation; and ultimately diamond drilling to test continuity of gold mineralisation and controlling structures at depth. Historic exploration to date has demonstrated that: Exploration sampling and drilling suggests that gold mineralisation with economically interesting grades occurs within the Storø licence area with two main areas identified on Qingaaq Mountain and Aappalaartoq Mountain; Mineral processing and metallurgical testwork has indicated that good gold recoveries in excess of 90% can be achieved from mineralised samples at Storø by a combination of gravity separation and cyanide leaching. Two main mineralised structures have been identified and sampled on Qingaaq Mountain – Main Zone and BD Zone; The two mineralised structures related to stratigraphic horizons of the Main Zone and lower BD Zone at Qingaaq will be the focus of future exploration drilling; and There are numerous areas within the Storø licence that warrant further work. As part of potential future exploration work the Company is investigating various items including (i) drill testing near-surface extensions of the Main Zone along the Eastern and Western limbs, with a focus on intersecting hinge zones where mineralised intersections are expected to be thicker; and (ii) drill testing the area between outcropping BD Zone at high elevations and BD Zone intersections at depth below the Main Zone; The company will also continue to developing the structural model for the Qingaaq area and the broader Storø licence area as well as advancing the 3D geological model with a view to expanding the interpretation to incorporate the gold mineralised sections on the neighbouring Aappalaartoq Mountain, across the valley and roughly 3 km to the north. The Storø Gold Project is located some 40 km northeast of Nuuk, the capital of Greenland. The project is located on the 12 km2 mineral exploration License No. No. 2014/11 and hosts an inferred mineral resource of 885,000 tonnes at a grade of 3.4 g/t gold (SRK, 2021). The Storø Gold Project is devoid of vegetation and overburden, which facilitates exploration and enjoys year-round property access for eventual mining and ice-free shipping. In addition, Greenhawk Resources owns through Copenhagen Minerals Inc. a second larger 540 km2 mineral exploration License No. 2021-01 surrounding License No. 2014/11 (Figure 1), where a recent satellite-based spectral analysis survey outlined numerous other Storø-type exploration targets. As well, Copenhagen Minerals owns a mineral prospecting License No. 2020-62 (Figure 2) covering the entire eastern third of Greenland. Metallurgical studies undertaken by SGS Ltd. in Lakefield, Ontario show recoveries of between 91.5% and 94.8% from gravitational separation/cyanide leach. Selected intersections of the Storø Gold Project include 4.11 g/t gold over 14.03m in DDH 15-03; 20.0m of 6.30 g/t gold in DDH 95-03; 12.0m of 4.20 g/t in DDH 05-01; 23.9m of 6.40 g/t gold in DDH 95-05; and 28.8m of 6.74 g/t gold in DDH 10-54. Review by Qualified Person and QA/QC: The scientific and technical information in this document has been reviewed and approved by Martin Pittuck, CEng, FGS, MIMMM, a Qualified Person as defined by National Instrument 43-101. 공시 • Dec 10
Greg McKenzie, Chief Executive Officer of Greenhawk Resources Inc. and Tom English, Director of Greenhawk Resources Inc. acquired 25.5% stake in Greenhawk Resources Inc. (CNSX:GRHK) from Greenland Resources Inc. for CAD 0.99 million. Greg McKenzie, Chief Executive Officer of Greenhawk Resources Inc. and Tom English, Director of Greenhawk Resources Inc. acquired 25.5% stake in Greenhawk Resources Inc. (CNSX:GRHK) from Greenland Resources Inc. for CAD 0.99 million on December 8, 2021. Greg McKenzie and Tom English acquired 22 million common shares at a price of CAD 0.045 per share. As part of the share purchase, Mr. McKenzie acquired 11 million Common Shares for CAD 495,000 and Mr. English acquired 11 million Common Shares for CAD 495,000. Immediately following the closing of the Share Purchase, Mr. McKenzie held, directly or indirectly 15,500,000 Common Shares and Mr. English held, directly or indirectly, 11,339,000 Common Shares, representing 17.9% and 13.1% of the issued and outstanding Common Shares of Greenhawk Resources, respectively.
Greg McKenzie, Chief Executive Officer of Greenhawk Resources Inc. and Tom English, Director of Greenhawk Resources Inc. completed the acquisition of 25.5% stake in Greenhawk Resources Inc. (CNSX:GRHK) from Greenland Resources Inc. on December 8, 2021. Director Overboarding • Aug 17
Director Gregory McKenzie has joined 4th company board CEO & Director Gregory McKenzie has been appointed to the board of ZEB Nickel Corp. (TSXV:ZBNI). McKenzie now sits on a total of 4 company boards. With 4 board positions including the role of CEO at Greenhawk Resources Inc. (CNSX:GRHK), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. 