Maybe all the information is not out in the open. Probably these revelations wont influence if the mining goes a head or not. Those opposing the mine may discredit GGG with it, but I doubt if it is significant. Long term I dont see GGG or at least this management being involved with the project if it gets the go ahead, they will be to rich to bother with working. I think its a reasonable spec the mine will get approval. How ever I am seriously thinking of selling out. Gravner and Mick Shemesian (Did I spell his name right? you know who I mean) dont worry me to much, what I am unhappy about is the 8000000 options management have awarded them selves. It seems to me they are either very very greedy or they are greedy and there is to be massive dilution in the future. Awarding themselves these options is not a good look, I dont imagine employees and the Greenlanders would be impressed. I cant see it being constructive. There are other investments out there with similar reward to risk and where I can respect management. I d like to hear others view point on this, possibly I will change my mind.
GGG Price at posting:
46.0¢ Sentiment: LT Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)