I sat through most of the NAV thing, and walked before it turned...

I sat through most of the NAV thing, and walked before it turned disasterous. I put a lot of it down to terrible management even though soem on ht board have a lot of experience. I think the Reed's are a little better than that.
The price of gold is very forgiving. Don't forget the Reed's ran Comet for along time with a lot of discipline. I think they have a plan reasonably well articualted and won't be easily rushed into poor decsions. That's part of the reason the share price has been slow to move, but the value is there and these types of things have a way of finding more realistic prices.

As I understand it Chris' friend/realtive has worked Reedy's and have a fair assessment of what the challenges are.