Question, page-47

NRO
I agree with everything you just said. Unfortunately you left out the company that is desperate. That Company is GGG for these reasons.

Why GGG is desperate:
1) There stock is down 92% from 2011 levels
2) the Company has tried and failed 4 times over 12 years to get even the 1st step done in the ML process done. Again, 4 times they have failed and still do not have even the first step in the ML process done.
3) In trying and failing over 12 years to get even just the EIA done, which is only the 1st step in the ML process, the company has spent or given away 469,000,000 dollars. By the way those numbers come from the data put forth in the Company's Annual reports over the last 12 years and published share sale transactions.
4) The company has entered into an MOU agreement, which is uncorroborated, because the Company has failed to release the agreement to the ASX or we shareholders. The Agreement is purported to contain an agreement with the Chinese Company Shenge, to process unprocessed Ore for GGG. There have been statements put forward saying the Shenge would process the Ore for GGG to GGG specs. Unfortunately for GGG, this sort of agreement is called "Toll Processing". Unfortunately for GGG, Toll Processing is forbidden in China by Law. That means the company's only option, for processing their unprocessed Ore, with Shenge is to simply sell the unprocessed Ore to Shenge. Shenge will then process it to whatever specification it chooses and enjoy potentially much higher prices and profit. GGG will not participate in them as they no longer own the Ore.
5) Also, the MOU, is purported to contain an agreement that will allow Shenge to increase its ownership in GGG to 60%. However, as is widely known, ASX rules require that any company that aquires a stake above 20% in an ASX company must make an immediate takeover target bid for the whole target company, in this case GGG. Obviously the option that grants Shenge the ability to go to 60% will trigger its having to takeover all of GGG by ASX rules. The question is what price did GGG agree to with Shenge to effectively sell them the company? We don't know what that price is, as again, i remind everyone that the company hasn't been willing to release this agreement to the ASX or we shareholders.

Again, the above issues is why GGG is desperate.

Ciao