in essence4 Oct 2018 15:43
I can fully understand why the circum shares were cheap, someone knew better than GR that things would take significantly longer than GR. If GR had information from board members that IPO would happen quickly he has been led up the garden path for someone to get out of CIRCUM, even this demonstrates a distinct lack of foresight. Zulu provides the best opportunity and more money needs to be spent to prove up the asset, the KDNC deal was not even that good. If GR cannot get a deal off with one of Lenigas' old pals, listed on AIM no less- this shows a huge lack of interest in the asset- tier one. I personally feel the asset would generate significant interest if it was not associated with PREM and more importantly GR. Anyone that feels GR is still the man for the job needs their head testing. We have no revenue, 49% ownership of a money pit asset that still can't be proven up. a chunk of a private company that has not IPO'd as promised in the last 24 months. Where is the money coming from to keep the lights on? RHA will not go down the JV route, they can't prove the asset. It is simply insanity and he will do a raise in the next 8 weeks. The only thing we have is ARCM shares- and it is a decent company- oh wait GR is holding the shares to ransom. You couldnt make it up.