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No idea who they were for
BHP 2 December 2019 2 December 2024 £0.37 19,250,000 19,250,000
Employment 27 April 2020 26 April 2023 £0.25 8,500,000 7,000,000
Employment 3 March 2021 2 March 2024 £0.36 3,000,000 3,000,000
Employment 24 February 2022 15 June 2024 £0.26 3,000,000 3,000,000
Employment 1 December 2022 1 December 2025 £0.29 4,000,000 4,000,000
Employment 1 December 2023 1 December 2026 £0.35 3,000,000 3,000,000
Employment 1 December 2024 1 December 2027 £0.50 3,000,000 3,000,000
Pinot
:0)
Pinot, are these general staff awards eg non director or senior management?
Are there any more option expiry dates coming up of significance that involve like of Mather or other older director or non exec staff??
Morning all
7,000,000 employment options at 25p expire tomorrow.
Pinot
:0)
The fact is, every investor here is free to trade and invest at sub director option levels. That's why I don't have too much an issue with Stockwell's options. Scott's option price at 17p didn't both me that much either but the 30m chunk did. Way too much and Irwin's talking tosh as usual. as Scott was well motivated before due to his large holding. The extra 30m issued was just unnecessary and ugly to see. As for extrapolating ENSA's or SOLG's full asset price from directors self awarding options... well... you may as well use the price of Rich Tea biscuits because it's irrelevant. Had they set Stockwell's options at 75p, then yes it would have raised eyebrows I'm sure but rarely do management set options so high when the historic share price average is closer to 25p.
When a bid comes it will be based on in the ground industry prices for copper, gold and silver. It will focus on the PFS but not be constricted by it (as represents just under 25% of resource) and finally... yes there will be a discount for block cave mining and regional risk.
Forget the options and focus on world proven examples of Tier 1 assets and what they have sold for... whose hands they end up in and whether any have gone cheap. Tier 1 assets that are copper heavy are in high demand right now as world is 'short' of copper based on every single broker or analyst forecast from Goldman's to JPM to BoA.
You can serve award yourselves some shares today at sub Stackwell's average option price. If the risk reward suits you... go knock yourself out. But does that mean you will take 40p or 50p or 60p or 70p?? Option price is irrelevant. Where I agree with Irwin is that all the new guys involved are there on a short term basis lol! Hence they are not there to define careers or build the CV... they are there to baby sit while Maxit get the job done. And for that... they might nit get much salary on short term basis hence near term option awards are the sweetener.
On side note... Scott.. if you read the boards... could you give Twigger the boot please. He's no longer needed and was a waste of space in first place. Plenty of folk you can give chairman role to.
Warren, if you’re listening- I’ll sell you all of mine for 40p/share?
Z
This one is also worth a mention from WI, don't know if he is having a dig at Quady :)
"I owe investors an update? Maxit has the company up for sale and is working with interested parties to get it sold. I am pretty sure everyone who follows SolGold knows this."
And it’s fair to say nothing less than the CFO’s option price of 25p. But of course it’s going to be more than that.
Bearing in mind that both Caldwell and Stackhouse know more than anyone how Maxit are doing on the sales front, one can speculate, using the 30M options at 17p Caldwell has, but probably easier using the 3M options awarded to Stackhouse at up to 25p.
Assuming they both are (hopefully) good negotiators, their options. should be set at a level that rewards them in line with industry norms for achieving a good outcome. Now all we have to do is estimate what a CFO in Stackhouses’ position can reasonably expect for achieving a good outcome and that will be a good indicator of what Caldwell and Stackhouse see it selling for.
So they clearly don’t think it will sell for £2 unfortunately, but it won’t be 30p either.
The trouble with this approach is 70p would seem reasonable to reward Stackhouse, but seem a bit too much for Caldwell. But either way I think a deal is looking more and more likely.
WI goes on to mention options that have been awarded
"Management is not there for their salaries. My rule of thumb is the granting of options at a time like this is bullish"
https://twitter.com/ItsWarrenIrwin/status/1650516355311910915
Warren Irwin tweet.
This was 2021, and he was badly wrong then.
Irwin doesn't run Solgold.
Interested to see who SolGold chooses as new CEO. If they choose the right guy, and Keith goes on to focus solely on the technical side, it could be a cinderella story. @Cornerstone_CGP is super cheap versus
@SolGold_plc
if you can handle less liquidity. If not, SolGold is it.
6:15 pm · 14 Apr 2021
Thanks, DBW. It surprises me that some people appear not to understand this point. The radio silence should provide comfort, not concern.
Mind you, it would be helpful to have some news as to what else is going on. Do you recall DC saying he was going to slow down the newsflow? It didn't happen, but the new guys seem to be religiously pursuing that path.
Here’s Irwin’s reply to a frustrated investor
As I’ve said before one day a press release will land that leaves no room for further speculation….. this process is not simple.
It’s been a long road but at least now it’s a straight one
“They are involved in selling the company. During this phase they cannot say anything until they have a bid, then we will all see it in a release. I too hate this time in a sales process as you hear nothing, but Maxit is highly motivated to get this sold and it is a good asset”
Good morning padmaster. Your obviously having issues with not getting your own way, so resort to your usual multi alias hilariously ridiculous and abusive posts. So I feel I must respond.
I note your link was from 2022, last year.
You may be interested to read this, also from last year.
"Ecuadorean lawmakers on Thursday roundly rejected a proposed bill that conservative President Guillermo Lasso had said would attract investment for the beleaguered economy, but which opponents decried as privatisation of public assets.
You will note, the bill that was REJECTED, was to attract investment for the beleaguered economy.
I might add soundly REJECTED.
I can carry on posting facts for as long as you can post multi alias claims and abuse
Appreciate your research dm. But feel I must point out as per this sentence in your link.
"Once the IPA has been executed, the Ecuadorian State will grant."
Please note it states " once the ipa is executed"
Then if you read it again, it was agreed in August 2021, Nearly two years ago. 2 years and still not executed.
So instead of making your point. I think it shows more concern than comfort.
I'm now of for anzac ceremonial service. So I won't be responding, but have a great day
Padmaster, I can play good bad news ping pong with you all day. Why don't you try to move on, and kerb your morbid obsession with me. If you don't like what I post, don't read it. Simples.
Then I and other members won't have to put up with your daily bleating.
I agree dm. Equador are making massive efforts.
I'm sure if they sort the major issues the country faces, then they will be inundated with investment.
Ecuador: Displaying Incredible Resilience
https://www.gfmag.com/magazine/november-2022/ecuador-economic-resilience
Monday April 24th 2023
As most of the developed world struggles to deal with a complex combination of high inflation, low money supplies and soaring commodity prices, one small country on the Pacific coast of South America shows incredible economic resilience.
Not only is Ecuador on track to post economic growth close to the global average for the year, but it also appears to have tamed the most feared beast of 2022: inflation.
Absolutely metooooo. Those daily multi alias claims and hysterical abuse from padmaster, when he can't get his own way, are becoming boring, and add nothing to anything. In fact they cause a distraction
Childish behavior
Just a small snippet from a report by bloomberg.
"The Minister was unable to interest a single European investor in his country and was left asking European governments what Ecuador needed to do to attract foreign investors. The answer to that question was unanimous: sign up to investment protection treaties and international investment arbitration. Twelve years after denouncing the ICSID Convention, Ecuador’s inflow of foreign direct investment has never come close to reaching its pre-denunciation levels."
Keep up the hysterical abuse. There's an awful lot of negative news out there
Usual hysterical response from you padmaster. It happens every time the facts show your views opinions and theorys to be ridiculous. Your hysteria only goes to prove my point, and doesn't alter the Fact Equador is a basket case. £4 by Xmas, in mather we trust
Zoros ,thanks for links , certainly going to stir up a few conglomerates there ,might think twice about staying or investing there imho ,could be very good for Ecuador though and solgold asset's
But Zoros, just because the Chilean left leaning government decides on that kind of strategy, this does not necessary mean that a future Equadorian government will follow suite? If they do that, it would be tragic for their hopes to develop the country and attract foreign investment and pay off debt. Mind you, the Chinese seem to be impervious to this kind of treatment. Perhaps they have them over a barrel with debt?
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https://www.ft.com/content/ebd48bbc-1390-4679-99fe-682975bbdba8
The plans require the country’s two existing lithium miners, Chile’s SQM and the US company Albemarle, to negotiate an unspecified state participation in their existing concessions, which run to 2030 and 2043 respectively. Boric said the duration of these contracts would be respected.
Z
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https://www.ft.com/content/ebd48bbc-1390-4679-99fe-682975bbdba8
Chile’s leftwing president Gabriel Boric has unveiled plans to bring the lithium industry under state control, creating uncertainty for investors in the world’s second-largest producer of the metal crucial to electric car batteries.
In a television address mentioning socialist president Salvador Allende’s 1971 nationalisation of copper, Boric said “the state will participate in the whole [lithium] production cycle and create a National Lithium Company to do so”. It would also impose stricter environmental rules, he said
Z