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Scotman , just wonder a mathematician equation is can you help?
The square root of f**k all = F**k ALL?
Hope I’m correct in saying the
FACTS
PI = Fook All (No Deal )
CF = Fook All (No Deal )
Pi = 75-85% loss ( Deal )
Cf = £17m + £1 salary ? ( Deal )
Bankers = NO DEAL !
F@@k Um & all the spineless untrustworthy politicians that have change the way the wind blow’s
Geez Scotman, one moment you're calling for his head the next minute your feeling sorry for poor old Chris. A lot has changed in the last 10 years, in fact in the last ten weeks. While I have no doubt that for the most part Fraser was well intentioned, he has well and truly blotted his copybook since last summer's fundraise fiasco and has well and truly burnt bridges since December/Jan when AAL were forced into the spotlight following the takeover announcement in the pub. His treatment of PI's since the infamous outburst in the Daily Mail has been nothing sort of despicable.
"As a result of the York Potash acquisition, Mr Fraser now has a beneficial interest in 112,500,750 New Ordinary Shares of 0.25 pence in the Company. This beneficial interest is held through C & J Fraser Investments Pty Limited as trustee of The Fraser Family Trust. This holding represents 12.8% of the Company's enlarged share capital.
Chris Fraser has entered into a service agreement with Sirius under which he has been appointed as the Managing Director and Chief Executive Officer of the Company with immediate effect. The appointment will continue until terminated upon three months notice in the first 12 months and thereafter six months' written notice by either party. In addition, in the event that there is an effective change of control of the Company or the Company merges with another company which is not a group company, from the date the Change of Control takes effect the written notice to be given by the Company to terminate this appointment shall change to become not less than 12 months' notice in writing. Mr. Fraser will initially be paid a base salary at the rate of £260,000 per annum."
https://otp.tools.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=293912&culture=en-GB
112,500,750 x 16.5p = £18,562623.80 on the day of acquisition.
123,997,368 x 5.5p = £6,764,855.24 on day of surrendering to AAL bid.
All that effort & all this grief? Like all PI's, I'm sure he's tickled pink at the outcome!