Gentlemen, I read Twiggy's post and wondered why he is posting about Tanbreez on the GGG page. I thought we were talking about GGG. Tanbreez may not want to be an ASX company, so what? Tanbreez may be 10 times bigger than GGG which it is , again, so what? Tanbreez may well be way further along than GGG, again what does that have to do with GGG?
I continue to be interested in why the company (GGG) hasn't told us why the Environmental report has not come out after 12 years and 3 rejections of it by the mines dept. What is the problem. Why has it not been approved? Everyone knows they can do nothing until it is approved. Again, you guys talk about RE's, the outlook for them, the prices, who wants them, how the stock price should and will move to reflect this good news, but if GGG can't mine, and of course it can't, what difference does all this other stuff make ? And more worrying still, is that the company has never been willing to tell us anything as to why. What's going on. What are the problems that are holding all this up, they need to tell us.
Also, I've said it before, The other thing that the company has not let us know is the terms of the Option Agreement between the company and the Chinese. They say it is non-binding. Does anyone think that both sides would have done the agreement if that was so? If the Company did so on a non- binding basis I would like to be told why. Were they simply trying to get around the ASX takeover rules. Because if it is binding, granting a 38% increase in the Chinese holdings, to a total of a 60% equity holding, would certainly trigger the takeover requirements right? And if this has been done on any basis, binding or non-binding, it means that from a price standpoint, the company has dealt away the upside on the stock, set the maximum it is worth what if its only.20 cents a share. Do you think that maybe this should be disclosed to us, the shareholders? Of course it should. The ASX should open an investigation as to why it hasn't been released. Can you imagine any information that is more material than this to investors? Actually, yes there is one thing, and I mentioned it above, that the lack of any idea what is going on with the Environmental report. Again, it is information that is as hugely material to investors. The ASX should look into that too. The Company's failure to let we investors know what is going on is stunning, and may also be very much in conflict with, and outside the ASX rules. I am worried. Why no answers on these issues, how many years do we need to wait. Does anyone think they are holding back good news?
GGG Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
