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We can begin speculating about the meaning of close, closed and blackout again. Oh joy.
What's the message?
That's a small amount.
The message is that he is now outside of any blackout / closed period.
Is it fair Scott and Chris being able to buy on the market with the information they are privy of?
Not really.
What on earth is going on...?
Tuca wouldn't get out of bed to buy £5742 worth of shares...
Meanwhile the standard message coming out of the company is that they can't tell us anything because of MPNI...
So how the hell can these Directors be buying...
And why in Toronto for goodness sake...it doesn't make sense...
Stackhouse could have bought much more at sub 9.5 on Thursday in London...
Similarly Scott sub 9.70 on Friday...
Furthermore, Scott is based in Ecuador and Stackhouse in Oz...withe the relative size of the market its far more cash effective to buy in London...
And 170k between them has no chane of moving the market...
Finally, has Stackhouse been granted low priced early vesting options to keep him sweet...If theres a takeover they all vest immediately (all 9 million)
Clear signal to the market that there's nothing going on. 1) they are not prevented from buying shares. If there was something brewing, they wouldn't be allowed to use this knowledge to time the purchase of shares. 2) they are tiny amounts, so not even showing confidence in what comes next.
Shame- the rampers here have sold an exciting narrative about change, buyouts, bidding wars etc. Turns out it was all nonsense. Who would have guessed it? Oh wait... I know...
Stackhouse options sounds like an agreed incentive - he is being rewarded.
Anyone sent the guys an email saying this is very confusing?
No because I don't really care tbh.
The delayed buys are still showing up every day, and the daily volume remains very high.
The doomsday crew (stackhigh has already shown his hand) will tell you otherwise.
Best to switch off and wait for that belter of an RNS.
We are another day closer to major news.
And whats more puzzling, both announcements were later in Toronto than London...
Someone on Twitter made the very clever suggestion that this is a legal signal to tell us to load up because something is coming...
Well of course something is coming.... we've got fecking zero cash pile due to management. So let me get this right... management think it is FAIR to issue bonus shares to staff at a cheap price before they release news on finance or a deal??
It should be the other way around. Issue the bonus shares after delivering shareholders some value. END of.
I said along time ago that they won't be announcing anything meaningful or deal making until they had feathered their nests with bonus awards.... but seriously... I said that with tongue in cheek.. thinking that even these guys wouldn't dare do that.
One thing is sure... they know they are ALL GONE come AGM time so the god news is ... they have to deliver or they are toast as surely even the likes of some rather blind posters on here couldn't vote for xmas like a turkey... twice!!!
One or two people on here are clearly suffering from MDS - Management Derangement Syndrome. The main symptoms are wild hysteria, confusion and predictions of the end of the World.
Fort I seem to recall you saying they were in serious trouble before the last AGM ?
Fort: I don’t see this in quite the same way as you. At the moment Stackhouse is under water with the previous options although may still make a handsome sum of money once the final chapter in this long running saga is written.
If had purchased 3M shares at close of business today, (at less than the strike price of his latest options) we would be applauding him knowing that some very good news was coming our way.
I look at it like this. If Stackhouse is going to make some decent money from his options, then so are we. That’s good enough for me. The fact that he hasn’t paid for his 3M shares is purely academic as far as I am concerned.
There is nothing illegal here. Just opportunism & greed - Like in most of the Small Caps.
As for the next AGM - is there even going to be one?
Quite right add.. they're only getting paid if they deliver, and if they deliver we all win. Just let them get on with it.
I wish they'd hurry up with it , I could do with some cash!
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
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?
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.
David7015 @ 18.40
Whst are you smoking? Can I have some please?
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.
Have you seen Scott’s salary?
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?
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.