“The company has held a licence in the region since the mid-2000’s but an addendum added in 2011, in ETM’s view, unrightly gave the Greenlandic government a god-clause power to veto the project after the fact.”
So why didnt the company appeal that addendum way back in 2011. Bit late well after the fact. Notice how the company kept it quiet from SH’s even though it has a material effect on the value of the company. Guess some shareholders don’t mind being treated like mushrooms.
The only winners here are the lawyers. With the company and its shareholders the biggest losers. ETM desperate attempt to try intimidate the GoG will fail. This will take time to play out and there’s going to be some hard, expensive lessons learnt. IMHO. For some it wont be the first time either. Get ready for the great disappearing act when it all really starts to unravel.
“The company has held a licence in the region since the...
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2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $30.89M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $37.78K | 1.681M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1510902 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 50951 | 1 |
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