Greenland -Geopolicy strat. Issues, page-226

NRO
Of course GML has the right to mention any name they want, as many times as they want. But that doesn't change the fact that they have no DEAL with Shenghe, they have only a non binding agreement, which gets the company nothing.

We were told in rumors to be fair, that Shenghe had agreed and was going to take and process all the GML ore in China. Obviously no binding deal for them to do so has been done. So GML doesn't have Shenghe as a processor for their ore.

There were also lots of rumors that Shenghe, in the JV, had been granted an agreement that would give them the right to increase their stake in GML from 12.5% to 60%. Clearly that deal is not done either. Since we found their is no JV today, just an MOU (we are now told but have never seen that document either). So the entirety of the Shenghe commitment to GML at this point is a 12.5% stake the company sold Shenghe at $0.03 cents a share for 125,000,000 shares for a total investment of about 4.6 million dollars Au. That is a minimal aquisition for a company like Shenghe. There are many who would characterize it as "Lunch Money". But unless the GML can and will release the said to be" non-binding MOU" and it has anything else in it that is binding, we can say that the initial investment of 4.6 million is the sum total of Shenghe's investment and commitment. Not exactly what the GML community had thought and talked about

The only word that comes to mind is "over-hyped".

So what is the company going to do without all the things they hoped Shenghe would do? Looks like the company has a lot of work to do, why hasn't it already been done, what have they been doing?

Lots undone to do

Ciao

At least we finally know it was all non -binding, which meant none of the deals hyped were actually done.