Given 2 offtakers have now presumably walked post due diligence, it is not inconceivable to think the asset is not all it was made out to be? Would certainly align with how the market has valued the project to date. That has always been the unnerving question, if it's that great why does nobody want it?
Completely agree that abandoning the feasibility approach this far indo development is a massive red flag. Financing issues aside, it makes absolutely no sense to be pivoting to a higher risk strategy without doing the appropriate level of studies. They should be hitting the abort button and putting a for sale sign on the front door.
The lack of disclosure to shareholders is absolutely astonishing, ive seen better info disclosure from privately run businesses.
Aimo
GLN Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
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