Thing is, we need to ask why CNJ directors would sit on their hands - as many suggest. After all, they own more of Mt Thirsty than anyone else - they have literally hundreds of millions of dollars to gain from the project taking off.
If CNJ directors were actually doing nothing they'd be complete morons - but they are not morons, they have considerable business acumen and experience running companies. So unless they are tripping, there must be complexities we don't understand - strategic reasons why the JV has never marketed the project beyond a placeholder website. We're not looking at the result of a single mistake here, we're looking at a situation which is unchanged for years, while the project has continued to move forward with (apart from delays and share price dramas) increasingly impressive numbers.
Thoughts?
It's a puzzle, but I'm following the money - the CNJ director's money that is. Lets just hope they're not morons OR tripping.
Solarbat
BAR Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
