Hitman, you are a funny man. By "ticking along", are you...

Hitman, you are a funny man. By "ticking along", are you referring to the numerous "ticks of approval"?

I am obviously missing something. I will give you my observations.

CNEGL, in Oct 2017 took up the forth tranche taking their investment to $20 million, 136,333,334 shares @ approx. $0.147 per share. And with it came a voting power of 32.78%.

Same number of shares, and voting power is now 12.96%. That is massive dilution and loss of voting power. See IW's above post.

The current value of their holding is about $22 million, not a great increase over five years.

If any of the above floats your boat, so be it.

Now if we speculate a little, i.e. if the share price reaches about $0.33 per share at about the time of commencement of construction (mid 2023), using the 72 rule, CNEGL will double their money at an annual interest rate of approx. 12.00%.

This is not too bad. What say you Hitman?