Very good post Queennevais.
You mentioned serial incompetence.
We don't want to accuse them yet as we don't know what specific default provisions are contained in the JV agreement but in my opinion dilution or a takeover are two of the most appropriate remedies when one of the JV partners is not able to contribute and fulfil their financial obligations.
One more thing: doing a joint venture with a wealthy company (LCY with NMDC's financial backing), when you are many levels poorer (HAW), is also not smart.
Words like desperate or stupid come to mind.
Why?
Well, in simple terms, when push comes to shove “Money Rules ... “ and you know the golden rule:
"He who has the GOLD, RULES. "
end of year sale?, page-60
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