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Aligned with shareholder value my a-r-s-e!!!!
Hi mom
All this says to me is we can forget the likes of pounds for a sale price……at 50p he’ll still make an absolute killing on these!
Bn.c
Fkin great!!!
Glad we had the opportunity to vote for Caldwell as CEO and agreed to his 30mil shares @17p and the criteria upon which he’s allowed to gorge himself on freebies of my company!?!
Fkin joke!!!!
Bn.c
Can they push it to 70p then :):)
They have lofty price targets on all kinds of shares.
In fairness Guyana Goldfields was sold chinese 6 months after Scott stepped down or resigned. And we all know the team behind that.
I don't think that's a chequered past by any means. It actually bodes well for us as redknight has highlighted before. Bob and Maxit know the chinese very well indeed.
Not a problem though..as far as I can see there are not many people than can deliver what many invested in solgold want and if SC can then rewarding him with as many shares as he wants to purchase at todays price which i believe also would have some criteria attatched to them is some incentive
Not2Sure - well they have a strike rate at 17p, so he is doing ok so far. Most options from Solgold history are staggered - and have a strike rate above shareprice issued at the time. Have you seen anything in the past at a strike rate of the current shareprice at time of issue? And this volume? Usually they exercisable rate is higher.....to reward performance!
It was the inference that he was also somehow being given them
Not2Sure - apologies - I meant 30 million shares. I think you can get the principle - Scott Cladwell comes with a chequered history
https://guyanatimesgy.com/guyana-goldfields-ceo-steps-down/
You sure about that?
Just an errant pound symbol. Don't have a çow man.
It's only worth something when they start to produce
Not sure why you got ticked up 5 times for stating your doubt about the performance of Scott to the tune of 30 million pounds worth of shares..slightly misleading and inaccurate is it not ?
This is becoming a waste of space it's not going to sell anywhere near what folk are predicting this is why it's being held at this price.
In effect, they value the company at £2bn.
Addicknt,that's good hopefully soon then as this is dragging on too long now imho
have upped their price target to 65p.
Didn't Scott state in a recent presentation about rewarding the under performing culture. Well Scott - I can't see so far where you have performed to the tune of £30m shares.
Bottom line is that Maxit will be doing the heavy lifting here and not Caldwell so what will he be rewarded for what - assuming the title of CEO of a zombie company? All shareholders will have the opportunity to vote against these confetti options when the company gets around to arranging a vote. Of course it will be more difficult to vote this down with recent dilution but if all PI’s make the effort to do so along with BHP, NCM and others there must be some chance it is voted down. Why not simply award him a bonus on successful completion of a deal rather than risk the ire of weary shareholders? Makes little sense to me but nothing which this company does makes any sense. No wonder London markets are losing out to other financial centres. This will continue going forward that I have no doubt as Boards know it is quite easy to shaft retail shareholders.
Quite right Orthern. If they had an ambitious strike price, then I would feel his interests aligned with ours. Not now.
As I said earlier, I think he's got a huge option package because he won't have a job very long. The company obviously can't say that but that's how it looks to me.
He can't wait until he's actually achieved something to have the options awarded to him as his position is to make sure he won't have a position soon. Would you set up your reward first or hope you can do so at the end when you aren't holding the cards anymore ?
That's why I think we are close to the first offer.
Orthern …. Fair comment
To me the issue is, should they have waited until he has at least achieved something, before offering him a fat options package???
So far we have no sign of him actually achieving anything... shutting down operations and cutting staff is not an achievement.
Should the strike price have been more ambitious?
most seem to think this stinks, without anything tangible the board can point to justify it.
Should he have said, ‘thanks but no thanks?’ Would you RK?