Mahlon
I categorically reject every thing you just said. GGG management have failed at everything they have tried to do, most importantly all their efforts toward getting even the first step done, the EIA, in the ML process (they have submitted 4 that we know of and all have been rejected,), They still don't have one.
You all, today, are acting as though something has changed in terms of the process required to get a mining license. Nothing has changed. GGG still has not been able to get even the EIA done after spending 12 years and 269,000,000 dollars.
Nothing GGG has submitted has been approved Right? The EIA hasn't been approved, I didn't miss that did I?
The government (which is changing) hasn't actually changed anything as to the standards and processes required for obtaining a mining license has it?
GGG is still at the very beginning which is the EIA aren't they ?
The GGG management still hasn't succeeded in anything except creating the least transparent company I have ever seen.
As to the EIA failures, the company has NEVER released any, not even one, document from the GOG explaining the failures over 4 failures over 10 years.
The arguably most significant document the company has entered into, that is, The GGG Shenge MOU has never been released to either the ASX or we shareholders. What are its terms, we shareholders have no idea other than hearsay.
WHY?
What is in these documents that management is afraid for us to see?
We don't know because management is afraid to show us, does anyone think that if these documents were full of good news that the company would not release them?
The Huge change for GGG and GGG management was the recent Shanghai of their partner Shenge when they told GGG to stop all plans to produce Steenstrapinre based Light REE's. instead, they told GGG to find and develop Kvanefjeld Eudialyte based heavy REE's. in short Shaenge told the company they don't want Light REE's from GGG, they want Eudialyte based heavy REE's.
They want GGG to start over and develop Eudialyte based Heavy REE's.
They weren't asking GGG, they were telling them.
If management doesn't follow Shenge's instructions, Shenge will bring in new management very soon, mark my words!
Forget an EIA approval in the new year based on Steenstrapine, that is over.
GGG will start over, the only question is what the management team will look like.
There will be no ML for GGG for years until they figure out Eudialyte processing.
Sorry to rain on your parade but those are the facts for all of us and GGG management since the Shenge Shanghai announcement.
Ciao
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