Ann: TNG Election of Directors at Annual General Meeting, page-38

I think had I still be holding I'd have the same thoughts as you.

Now on the outside my mind changes. Clearly that all comes from just bias of being a holder versus non holder.

They say don't get emotionally invested but it's been tough to be a holder for 10 years and not feel some emotional investment in this one.

I'll certainly be sitting watching on the sidelines for a while yet. I certainly can't bring myself to buy back in higher than when I sold out. But if it does dip below 7cents with some of this murky water cleared up I may yet jump back on board.

Realistically this is going to be a slow burn for many man years yet.

1) Finish the cleanout. New board sourced and appointed (~3-6months?)
2) New management take the reins and get up to speed (~3-6months?);
3) Points 1 and 2 may result in everything going on hold or being revaluated for a 6-12month period. Is Darwin reinvestigated? If its a choice of the project falling over then perhaps Darwin can get put back on the table??
3) Capital expenditure estimate resubmitted by end 2023/possibly even 2024. I expect this to come back at least around the 2billion mark, perhaps more in it's current state. With some very cherry-picked boot assumptions bringing that down to ~ 1-1.5billion. Maybe more?
4) Financing discussions 6-12months. Its a herculean task for a $100M market cap company to raise over a billion in capital. Has it ever even be done? TNG needs to find a way to walk before it can run. Something PB never seemed to grasp.

New construction phasing needed to ramp this thing up slowly over a longer period of time and reduce the capital needed up-front. Otherwise the way I see it in its current form... this plane is far too big and too heavy to ever get off the ground.