Is it time for Care and Maintenance?, page-39

I agree, you are confused. I have accurately called the demise of NTU over the last 6 years, the multiple failed funding agreements, the multiple unviable business plans, the fantasy DyO price forecasts. I have always commended George Baulk for his efforts in keeping the company afloat for this long. He is a magician when it comes to sourcing funds for a company in distress. He is a great salesman, only need to look at the NTU glossies to realise that. Unfortunately it finally looks like the magician has run out of tricks. The failed NRE funding agreement is just another in a long line of failed funding agreements with Chinese entities. You see the Chinese are susceptible to falling for NTU glossies too. But after a thorough DD period they tend to figure it out. 

To put it simply, you aint got a clue dude. I understand your timeframes extend over 10+ years for a RE junior to become a producer but what you dont relise is unfortunately RE juniors with unviable business plans ain’t gonna last that long, GGG included.