I don't realy need to be as concerned about this as shareholders do, I am not a shareholder.
I just became interested last week and did some research, that's all. I just got very annoyed that Rod came on all hyped up but ran to hide under a rock when it all got too hard! Weak gutless management.
I think shareholders need to become aware about a few things that may / may not impact future opportunities.
Westrip are 100% owners of licence 2005/29. It expires in Dec 2009. Given Westrip's supposed position on Greenland will they bother to renew? Anyway, they don't have the money to renew (unless they sell GGG stock).
WHile the licence is not part of the JV company it is part of the JV marketing /distribution deal. To what extent will GGG be disadvantaged if it cannot get access to 2005/29 materials under the deal. Will licence 2005/28 alone provide adequate volume to enable GGG to be seen as a viable size supplier to the end users?
When will GGG tell you? When it is all too late?
GGG Price at posting:
59.0¢ Sentiment: None Disclosure: Not Held
