Interview with Keith Coughlan re EBRD strategic investment, page-14

I think I'll delete my ill thought out comment , it was more of a joke.

If we do contemplate that idea seriously, these are the reasons why KC cannot be ousted this late in the project development process:

1. - Coup/reshuffling of the BOD will introduce additional delays into the project, EMH does not need that.
2. - KC ousting will disrupt key channels of communication between the key subcontractors delivering work i.e. DRA and Bureau Veritas undertaking testing
3. - KC ousting will result in SP weakness, unless a suitable replacement is nominated straight away, as its better to have the 'devil you know..etc'
4. - KC ousting can disrupt key relationships that have been established by EMH with CEZ/Czech Gov and dynamics within Geomet, I do not know about your status of involvement in the EMH's Czech assets but I doubt that you are intimately involved in knowing on what basis the current arrangements have been negotiated on (i.e. if KC's relationship with the key parties has been the 'glue' for the current deals between EMH/CEZ merger).
5. - KC's ousting will result in major share sell off event that will likely tank SP so far down that it will take years to recover back to the current level.

I got another 20-40 reasons why it is a woeful strategic move to oust KC at this point.

EMH will suffer massive consequences if KC was to be removed, I know @Monad that you are at your last bits of your patience, but making such drastic adjustments just creates volatility and removes value from the project. You may say there is not much left to remove? Well EMH MC is $140M it can very easily slide back to half if not third of that provided enough uncertainty and volatility. Remember EMH did trade at .150-.200 not so long ago.

We are on the finishing straight: legs are burning, lungs are searing, everything hurts. Pointless to stop or make any drastic changes to the race strategy, this is the time to stay the course and finish the darn thing.