ram aiming 39%, page-3

Ozwire,
IMO 1 is not a good option. Its now coming up to 12 months since the original announcement of a deal to buy Weststrip out and another delay will IMO see a significant decline in the SP, probably down into the low 30's at best.
I think 5 is even worse because it will look like very clumsy planning indeed.
2 may work if 100% ownership allows the Company to put in place further funding arrangements e.g. a JV.
Like 2, 3 will move the project forward a step, which GGG is sorely in need of now.
Failing a better arrangement coming out of left field, I agree 4. looks the best way forward.
IMO 100% ownership is crucial at this stage. I expect management to rise to the occasion on or by August 15.