clowns to the left of me...

Memo to NSE management:

Further to my post of 14 March:

'Trying to make some sense of it all,
but I can see it makes no sense at all.
Is it cool to go to sleep on the floor?
I don't think that I can take it no more.
Clowns to left of me, jokers to the right,
here am I stuck in the middle with you.'

Written by J. Egan G. Rafferty

NSE; you've just shut down your only operating project.
You've provided no guidance as to how you're going to manage the expected cost blowouts in the GJV.

Now you're going to throw $1.65m away on the no-can-find, no hope Laurel!

More likely, 'certainly, the possibility exists', you had no alternative but to spend this cash.
You knew it was essential to extricate yourself from another no-hope deal with an unfunded penny dreadful.
You have realised GRK was never going to be able to meet its commitments to the Laurel JV.
Or maybe it was from 'feedback from selected potential farm-in parties' who've pointed out the weaknesses in the JV for you?

I'd commend GRK on this deal.
They can see little future in the Laurel post the Lawford deepening and have scrambled out.

Like emotive kids in a candy store, NSE management do not possess the discipline to let go...

This is a sign of things to come for the NSE cash pile...

Gosh, I wished this was a joke!