This event has been cancelled - not surprising - after the...

This event has been cancelled - not surprising - after the recent absolute shocker announcement - its a wonder that wonder boy Tim hasn't walked the plank. Despite the Digger being the biggest pain in the rear on HC bar none, he has been the only Cassandra doubting GPR bone fides.
The scale of this GPR shamozzle is hard to overstate - the indeterminate delays and the highly dangerous financial uncertainties coupled with the clearly abysmal failure to carry out the promised full vaccination of a mere 6000 islanders and assorted staff. This must be making recruitment and retention of good staff extremely difficult at a time when there's a growing shortage of skilled labour in Australia.
The situation on the mainland is also very disturbing.
Less than 5% vaccination rates and large bands of rioters roaming the streets and attacking vaccination centre staff ... FFS .. talk about 3rd world investment risk ! So, unless some miracle change occurs with the COVID situation in PNG, it's going to get a lot worse and stay that way for several years, till enough unfortunates have been "naturally immunised". From now on the cost of capital for PNG will go through the roof, and only large companies that can self finance from strong cash flows will be able to fund projects .... which will have to have a very high ROI.
While we have repeatedly been assured that Woodlark has a great gold resource with lots of exploration upside .... does it ... can we believe anything that this mob says .... the only validation in the short term will be a takeover by the likes of SBM or a company similar to the one that bought Siana from RED5. But why would a cautious Cool Head Luke throw SLR's hard earned cash at this volatile uncertain basket case when other opportunities in safe domains will arise ??
Petra have said they were "shocked" by the announcement and they're supposed to be close to the stock ...they have lowered their SP target from 100c to 58c and although the "still believe in the project", opine that project delay of 4 months is probable ( BS more like 12 months ) and that a CR is inevitable but only to the tune of $20m .... which implies at least a 20% further dilution does it not ??
Also the likelihood of M&A is not being dismissed. The recent increase to 19.98% by the German hedge fund surely means much more activist large shareholders are talking a position .... so a 42c TO offer would be accepted by all those unfortunate "sophisticated HNW investors" that took Petra's very bullish analysis at face value. The most fundament investment maximum is NOT "return on investment" BUT RETURN OF INVESTMENT !
I'm now the opinion that there's a rusk of further SP erosion, and this (residual) money in GRP would be safer elsewhere !