It's been a good living for management, but seven years into this exercise, you have to ask yourself is there really anything in it for shareholders ?
Seems to me that the project is simply in the too hard basket - whether it's the politics of uranium, the Greenlander's views, the Danes, the complexity of the deposit, the economics of the project, the state of capital markets, the small size of GGG..... the list is endless.
No doubt there will be more punters found to live the dream, and keep management's show on the road, but the bonfire of torched shareholders from higher levels only increases.
Where is this going, what is the end game ?
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