I don't think Joe would have to consider selling LGDI to be involved in other ventures. I'm sure he has plenty of people around him that can manage LGDI without him having to be there to supervise. That doesn't mean for the right price he wouldn't sell.
I would agree with your assumption that these continued delays are going to slow bleed the shares lower. I'm going to add to my holdings on further weakness because I think when they finally get all of these feasability studies finished either the partnerships will come onbaord or they will sell the Company outright. JMHO