My patience is starting to run thin after GNX is getting close...

My patience is starting to run thin after GNX is getting close to the end of the 2nd exclusivity extension period. I had a very similar feeling last time when Skip decided to walk away after 7 weeks of the indicative offer launch date.

For this reason, I started to rotate out from my long held position and sold down c.a. 25% of my parcel today. A parcel that I secured before and at the time of Kidston capital raise on/around 20c.

Just to reiterate, as a founding shareholder of Kidston Hydro project, my return on equity is measly ~25% over a 3+ years period. Some European Treasury Notes, which are essentially risk free instruments paid more in coupons than what I got out of my GNX 'investment'. At least I helped old mate building his dream house and getting his name engraved on a hydro plant. A Win-Win for everyone basically.

If the Japanese keep procrastinating, please don't extend the exclusivity period again, just walk away from the negotiating table.