Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
"We'll keep the lights on for as long as possible through placing the shares held in treasury (hopefully at better prices)" END
Sharketmare, ... sounds great doesn't it... 'keeping lights on... hopefully at better prices.
It's poor. And your hopes sums it up.
If those CGP shares get placed for less than 17p then Bob and Scott should hang their heads in shame. That's not a sign of strength, it's a sign of weakeness and that doesn't bode well going forwards.
I'm expecting more next feathering at cheap prices RNS's so prepare yourself for some more shareholder revolts as this is unfolding in a very poor way.
3m options to the CFO at 10.3p based on the business at present currently not having enough cash to see out June!!! You couldn't make it up.
These guys are deluded and the market has been telling us all that since they joined/merged which is why the sp has plunged from 25p to 5p under their management.
Absolutely spot on SM
The company has a clear strategy for the first time in as long as I can remember. We are conserving cash and desrisking Cascabel. Not developing, derisking. This means securing permits, protections and land for tailings sites. Scott's latest interview gave us 2 years of runway to do this. It bought him and us time. We'll keep the lights on for as long as possible through placing the shares held in treasury (hopefully at better prices) and then by royalty/offtake agreements if necessary. If at any point someone makes a bid that Mather and the BoD find acceptable, that'll be the end of it all (and the end of the strategic review, which is a load of tosh IMO).
If you don't like this strategy (Eloro, Fort, I'm looking at you) then I'd seriously consider selling up and parking your money elsewhere.
Addicknt,
I think I link things very well. You on the otehr hand seem to be avoiding the biggest link of all... the share price. That's linked with Scott and what the market thinks of him. Unlike you, the market thinks he's pretty pi55 poor.
And that's why the share price is under 10p today.
Oh... and don't forget the quality CEO comment the other day when asked would he take 23p a share offer... erm... what kind of CEO would answer that one.
I'll tell you. A shiit one.
Do you know his personal circumstances? I don't.
I made the point the other day when Stackhouse bought in the open market, regardless of the sum involved, he wouldn't be buying if he was concerned about the outcome.
The thing I find strange about your approach is that you have praised the various recent positive announcements, but don't appear able to link them to SC and the fact he's the one delivering them. Very odd.
Have a look at Scott’s salary and his net worth
He’s hardly Lionel Messi
So you happy with Scott's £5k buy today??
What essage do you think that sends the markets??
Your lack of understanding of what SC is trying to achieve has always been a source of wonder. Fortunately, as was proved at the agm, you're part of a statistically irrelevant minority.
He was incentivised before with 6m shares.
Next you'll be saying that Scott should get another 10m or 20m shares too.
So you're clearly a fan or rewarding failure. Sums you up.
The only incentive you are giving is the incentive to constantly keep rewarding poor performances. Same again next year when price is 2p?? How's that sound?
Fort, I want the bloke fully incentivised and am therefore completely relaxed about it.
1984 - precisely.
Addicknt,
I've not seen you comment on Stakehouse's 3m at 10.3p. What's your thoughts then? Happy?
'84, quite right, but that's MDS for you.
Drake, the clue is in the name. They are options, not obligations to buy shares at a strike price
Tax is irrelevant until you exercise them at some point between vesting and expiry
I would imagine on takeover that all options will be exercised cashless
dbw... nevermind me... why so quiet from you. surely you can't be happy about this?
you know what i said i while ago.... i was adamant that there was absolutely no way on this planet they could justify more bonus awards after the shambles over the last 18months.
we've been driven into the ground by this ****s. cash balance almost zero... strategic review gone mia... and zero exploration.
come on dbw... surely you can't still be defending these tools?
fort this share was dead on its **** 18 months ago …. i don’t ever remember you aiming this amount of vitriol at cazubo
Now, if you apply the same logic to Scotty boy... well... he'll need to cover his liability on the smaller amount that vests on the first year but as far as I can see he's failed to meet the vesting criteria for bulk of them thus far.
Well... one possible reason for this utter disgrace is that it is to cover his tax expense which don't get me wrong is still well out of order.
His 6m options which range from 19p, 22 and 25p I think amount to 380k, 420k and 500k. Add together and you get a vested value of £1.3m. They vest on April 18th 2024 (3 days time) so he will have a tax liability on those which if you took a modest 35%, you'd get to around £455k but lets face it he's a finance guy so I suspect more likely 20% to 25%. Eitherway... it's a decent lump. So with the 3m options at 10.3p, you get about £300k. So I guess if it's a tax scenario on the 6m stock that vests in 3 days time, then highly likely he'll flog 2m or 3m shares (of the 6m vested) and thus has covered his liability while lowering his average price and all nice and cosy isn't it?
Have you seen Scott’s salary?
Yeah, get CS must be being rewarded for something, but why the trivial purchase amounts... surely not just as a signal to the market we're out of a close period and a nod to fill our boots?
Obvs CS is having his balls tickled for something, but now they've gone down the back of the sofa and bought a token chunk of shares, what does this tell us about when whatever CS has done will get announced to the rest of us minions?
Cheers for thoughts... appreciated as always dude.
David7015 @ 18.40
Whst are you smoking? Can I have some please?
david,
i think you are missing the point here. the reason he's underwater with his 6m options is down to failure and poor performance. gifting him another 3m at 10.3p... and what will you say when the share price is 5p next year?? the same??
bonus options are normally given in the opposite order. they get some at 10p... and then when the sp is 20p... they get some more at 20p and then when the sps is 30p... see how it works???
it's a fecking joke but don't worry... stakehouse now nicely aligned with scott's 'lets be happy with 23p' tosh.
what a bunch of useless ****s they are.
Clearly a reward for work completed by stackhouse
One of the key signals of a takeover is when the snouts are in the trough papering themselves up
Still time for us to buy at cheaper than the strike so why are people complaining?
WTF, why the pony amount of shares? What can we read into this? If they're that confident why aren't they flogging the family silver and going spuds deep?
Also, what does this tell us about timing of price sensitive info?
I'm confused as to what this rns actually means.
Thanks all, C
I wish they'd hurry up with it , I could do with some cash!