PRE-Feasability Study Notice how the suggestion is for a PRE-Feasibility study ? Although this comes in a consultant's report, it conveniently avoids a DFS which would trigger G.H having to come up with the development money. As long as more studies are being proposed & completed, and no DFS tabled, GH can buy time while searching for funding that allows them to maintain control. If the independent directors were acting in our interests, they would be pushing harder towards development, clarifying whether or not GH can meet their commitment and determining if GH are avoiding a DFS. If we are concerned about how GH are managing ADE, consider that they could sell part of GH to another interest to raise the cash and we would have no control over that.
Independent shareholders need active and truly independent directors.