At this point, probably the best thing J.O. could do to promote GRL is to resign.
Her annual salary (circa $300K) is now approaching a tenth of GRL's total market cap.
How can someone be paid so much money to run a company into the ground like this (no pun intended)?
Based on her performance so far, I doubt she'll get another management gig after GRL. Maybe she can get a government job based on her "green" credentials (after having "progressed" a REE project).
If the market ignores the results of the scoping study when it it's released later this quarter, GRL will be close to done. After that, further cap raises likely to fail, only thing left will be to flog off gold and copper assets on the cheap until all gone.
It's time for J.O. to either start performing for SHs, or to be replaced by someone who will perform.
GRL Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
