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15:57
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Originally posted by nro:
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Once again do you speak of yourself when you say, "People of this forum distort the truth." 1) Why is GGG so expensive to run. The company has raised and spent or given away, 469,000,000 dollars in the last 12 years. That number comes from simply totaling the information regarding their annual accounts reports published in each of their Annual Reports published between 2006 and 2018. In addition to those numbers the annual reports also show that has a current burn rate of 2million dollars a quarter. These are huge expenditures for a company that has failed to get even and EIA approved after 4 attempts over the last 12 years. Please inform us shareholders who actually own the company. Why is so much spent? 2) Why not release to the ASX, and the shareholders, the communications the company has received regarding each of the 4 rejected EIA submissions. We know they exist, releasing them would probably tell us whether the faults in the process lie with GGG or the Greenland government. Again, we shareholders own the company, choose we have a right to know, and at present we don't know because the information that would tell us has not been released. 3) Why did Shenge, the Company's Chinese joint venture partner, choose not take up the 1.5% equity stake they had a right to, in the most recent fundraising. Why did they pass on those shares?Is there a problem we don't know about? 4) Why has the company failed to release to the ASX and the Shareholders , the 6 page letter it received from the Greenland government that they deemed so important such that they had it signed by the Prime Minister. We shareholders are very interested what the Greenland Government wanted to say that they felt should be signed by the Prime Minister. Good or bad news, it should be released to the ASX and we shareholders. Its contents are important for all of us to be able to know what the Greenland Government said that might provide insight and help us all to be able judge its effect on the company's prospects for any approvals of either EIAs or any other part of the GGG Mining license. Because they dont have to as no one really cares.Its an interesting read. But back to business. Havent you got a copy yet? Why dont you know about its contents yet? Got a bit more researching to do perhaps!
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nro as a shareholder I notice you have answered the big question that even the directors have refused to answer when asked the Chinese can go to 60% when ever they like ,if that is so it brings up all sorts of questions as to price, whether permission will be granted by two governments etc etc , the company has vigorously avoided saying this since they retreated from the first announcement (and so they should). perhaps you should do the same
(20min delay)