Permit smoke screen5 Feb 2021 09:48
Hi all. I've been an investor in GRL for over 5 years and like many here are ever hopeful of a movement with news of the EP.
Despite some great management of cash, the business is increasingly moving out onto thinner ice with the debacle over the EP. I've tweeted and emailed my concerns direct to GRL that the Ghanaian government are under an obligation to complete applications within 90 days. This according to their own information. Allowing for COVID a delay of a few weeks should have been expected, however we are now months and months past the obligated completion period. I would have expected communication between GRL and the government to be ongoing and that shareholders could be given more evidence that progression is being made and a new timeline for completion set. Instead we are fed statements of hopefulness and ongoing dialogue. As the shareholder frustrations escalate, GRL decide to release pictures of equipment going to site in the hope this will appease. Frankly, I think it's laughable. I question the validity of the imagery.
It's about time GRL explain themselves and what the real issue is here and stop feeding us more smoke and mirrors. More respect for shareholders intelligence and a clarity on where we all stand.
Personally, unless clarity is forthcoming, I'm sensing the fish is getting smellier by the day.