No suprises here...the JV in my opinion has been extremely disappointing for shareholders..driven initially by,delays and lack of capital, and management issues between major shareholders in terms of funding arrangements going forward..e.g conversion option given to a major shareholder at 0.025c...was a disaster for shareholder value..and indicated stock was always going to struggle as junior partner with sliding equity interest/no operations control,with as we now know, a non defined production start up date..along with cash burn to cover high operating expenses in interim etc...
Cheers
CGU Price at posting:
2.1¢ Sentiment: None Disclosure: Held
