RE:Best Grandich quote from his last private call Reaper: I don't disagree with you but rather than spending months and months bemoaning TGZ, I have spent my time and efforts on investigating other opportunities. TGZ is what it is and Young is what he is. I actually believe the company is developing some good projects but he is a disaster at promoting the company. (When I raised this with him directly a year ago, he responded his focus was on achieving results, not IR.)
I have noted this previously on this site. On 9/27/18, I recommended a few investment alternatives. Interestingly, no one responded. My first was GCM. Since then it has risen 54%. The second was SAND, which has risen 36%. This compares to TGZ, which has risen 12%.
Peter Grandich knows mining (probably better than I) but isn't infallible and I can't understand why he, too, is so fixated on TGZ.
WIth NSU, he didn't trust mgmt, thinking they were focused on their own good. Similarly, you thought they were prioritizing a strategic partnership investment to the detriment of the shareholders. You both bailed as you didn't see an improvement on Lundin's C$4.75 offer. I stayed around and sold out at after Zijin's C$6 offer. (That being said, I've also made my mistakes, the worst being EGO, where I'm down almost 40%. If you think Young is a CEO disaster, let me introduce to George Burns.)
I continue to own a position in TGZ, albeit relatively small. Increasingly I think there could be acquired, at a 30-50% premium.
Feel free to continue going after TGZ, but for me, there's more in life.