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12:56
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Originally posted by norm:
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When you have been on Boards and have worked on trying to get a major (expensive) mining project off the ground you would have an understanding of just how difficult it is and just how long it can take. My personal example is ARU, from whoa to go (maybe) has been 20 years and here you have a major project about to get up in half that time. All exotic mineral mines are difficult to progress even with offtake agreements as in general they include new processing procedures, complicated mineralogy and high up front investment. Once the the first two hurdles are satisfactorily dealt with then the real work starts. In our current age most large sources of capital require high returns, no risk and high liquidity. This is virtually impossible to achieve with a Company such as TNG. It has no trouble attracting smallish investors wanting to take a few fast bucks thru trading but "stable" long term investors are few and far between and most have no understanding of the timeframes.
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Gfwil has said that he has about %10 support for the board shake up which represents 140 mill shares ($12mill approx) and you are suggesting these holders are willing to jeopardize this amount of money without doing any due diligence .
