Straight truth: the Nullagine operation was anally-raped, when Novo's place in line to New Found Gold. There's no other way to put it.
Hennigh phuqing over his shareholders does not surprise he, IMO he has a long track record of doing it. But for Spreadborough signing off on it means he believes Novo's NFG shares are more valuable to the corporation, than the Nullagine venture.