George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Theosus- yes, particularly as the figures are from 3 years ago....it may really be"the done thing" by now. Many thanks to you and Jinny122 for your insights into this matter...
Thanks Jinny122...I accept that....the high percentages that I referred to were the percentages of companies that this applied to....I didn't realise that so many companies followed this policy.
Kcfb.
It is not that high when you consider it is multiples of base salary only, not total comp.
FTSE CEOs earn multiples of base salary as bonus alone.
Some CEOs dont even take a base salary, like Elon Musk. But he has a $55bn long term incentive share plan to compensate.
Theosus- great link thanks....confirms that this is not a requirement for all companies, but I must admit the high percentages surprised me....good to know.... thanks
Jinny
Is Crispin paying you overtime this weekend.. You stand out sorer than the sorest of sore thumbs :):)
Just looking at various director buys over the last few weeks, nothing to tuch Dan's half a million, good lad.
Jinny122 - I do not believe that the minimum shareholding requirement for CEO's exists - individual Companies may request it, but it is not required in every case.
If I am wrong, can you substantiate your claim please?
Saw it somewhere previously that a FTSE CEOs have minimum shareholding requirements of around 200% to 300% annual salary.
You could also read it as bad news, surely this is outside the closed period pre-results? Not sure.
For example, if ypu were launching a rights issue its helpful for the directors to have skin in the game prior to the announcement collapse. And then participate in the raise pro rata
Jimdson.
No one is going to go hostile on a high street bank during the current climate.
Mad to do so given the sensitivities.
Good old Dan, nearly as many as me now!
You mentioned a few things, but forgot the obvious one.
Hostile takeover can happen at any time, and poor Dan might not even be privy to the conversation.
;-)
So no, it doesn’t throw the event scenario at the window.
Read up about mergers/ acquisitions and hostile approach and deal situations.
Solid chunk that 500k.
The timing is not coincidence imho. Q2 results are out before month end and Ratesetter deal looking on shaky legs.
Did he have to put skin in the game to get the big shareholders onboard with the Ratesetter strategy?
One thing is clear, forget about JP Morgan or any takeover here. He wouldnt be permitted to buy if there were any unofficial talks. Also forget imminent FCA resolution also.
Shorters will likely double down on their conviction now.
Metro is a only passenger in this covid and Brexit ride. Little control over its destiny.
Based on his year end results performance I thought he was a reluctant CEO of a basket case bank, why would he spend so much money and now ?
And the positive is I can’t see a placing either personally, and you would be correct about any mutual agreement but a hostile could come any time as in any business...just a knock at the door...GLA.
Cyberdog I am also glad as well we can now bury the M&A nonsense. Dan knows the issues and where the bodies are buried and he just spent 17 months of take home pay in this. This cannot be any more bullish!
*take home pay.
Dan has just spent 17 months of his CEO salary on this thing. Assymmetric information.
not sure this is that positive...I think it means there is no "event" anytime soon...If there was, then Dan would not be allowed to buy at all
Well, I guess this explains the price rise and increased volume yesterday.
nickel_investor - I tend to agree with you, and would not be surprised to see the price rise continue into next week. I think we need to see the shorts reduce again before a sustained move though - I do not underestimate the Companies shorting this stock, they have shown before an ability to control the price effectively.
When you get these sizes....
it's a FOLLOW THE MONEY
That's not a token buy... expect some graft from him to get this business going again .
That is exactly what you want to be seeing here.... alignment.
I suspect this will be trading BLUE very soon
it is, but if I remember correctly, the RNS stated that Ratesetter negotiations were at an early stage. I would therefore read this as meaning that there is no chance of an update on Ratesetter for a good while - I can't remember offhand what the regs say about this, but would think it must mean at least 30 days, possibly more.
Go go come metro
up again i go
Good man! £500k isn't chump change!