Suzhou relationship9 Jun 2022 07:06
Interesting to hear a few people mention they’ve picked up negative vibes surrounding GR’s relationship with Suzhou.
This being based on. 1) GR paying himself and his cronies a large wedge of shares diluting Suzhou’s holding. 2)going out to other companies to persuade new tenders and 3) delays with the next announcement.
I have to admit, point 1 must have cheesed Suzhou off regardless of how good the partnership is, however point 2 is just business and could be masked as touting for the remaining 50% offtake (even if GR is looking for a better deal). Regarding delays…. I think that’s just #Premlife. (Yes I just used a hashtag!)
I have no doubt if GR continues to dilute Suzhou’s holding and treat them with contempt, they will do more then flex their muscles and he will be ousted. However, no real evidence things are not going well, especially given SP is rising.
I would like to know where the big sells are coming from though… I am slightly concerned it’s from someone on the inside but I have absolutely no evidence of that… just a fear.
Big day again today.
GLA
J