The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Evening all. You beat me to it DaKat. My Cornerstone shares have still not converted to Solgold shares! Doesnt normally take this long. Anybody any ideas or opinion? Are there many more in the same boat?
GLA
DK
You know we’re all bored when shippy turns to self deprecations lol
My solgold shares are showing close to zero value.
My Cornerstone shares still have not transferred to Solgold shares. Should this process take this long? My balance still just shows zero .
Thank god it is not in trousers
More like in Nick Mather's hat - could be a lot of options as that would be a big hat for that big head of his
And rabbit is in Nick Mathers Coat,
IMO, Scott Caldwell options are not meant to go through, unless he pulls the rabbit out of hat
Weren't the Solg workers given share options at 60ish-p a good few years ago? Apologies if already mentioned.
TS
Agreed performance criteria important... so where is it? One assumes they are holding back on that until they reveal the master plan... and then shareholders will have a gun to the head to ensure we'll all be happily voting for the directors to line their pockets.
Seriously.... just wait fir the new remuneration details... there's no way they'll stick with the older options. All will be ripped up and nice fresh ones gifted out. That's already been signalled. This is classic nest feathering ahead of sale. Noses in trough ... usual ugly stuff.
Stock was going no where until they got their SOLG shares via merger. Stock will be going no where until they get all their nest feathering sorted out. Once they are suitably 'IN' then they'll release the news.
Stinks doesn't it?
DM, People will be happy if there is a reasonable exit point. They will forgrt about the 30 millions because it will be a part of memories that People would want to forget about.
"We will agree Terms on the proviso you sack Cazzubo, retain Maxit (and allocate reasonable remuneration), and make Caldwell CEO.... "
Now they can release the real news...
“if shareholders get handed out rotten eggs then he'd be pelted with them right now”
I’d say that depends greatly on the final price
But I take your point
if shareholders get handed out rotten eggs then he'd be pelted with them right now.
Give them golden eggs and they are happy. Crack on Scott.
if it's getting sold then he won't be full-time for long hopefully!
Nest feathering to be expected but 30m shares was way too much and has now turned a large amount of investors against him and others which means he has to perform miracles going forwards or else he's going to get slaughtered.
The honeymoon period is soon ending for the cgp boys. Time for results as accountability rises 10 fold when awarding yourself disproportional value to fellow shareholders..
What's the betting his salary is 'reviewed' upwards now that he's full-time?
Hi DM
I feel sorry for him now (almost)€200k almost half of what Fawzi was on
Apologies DM...the site I referenced was clearly out of date...
yeah but the lower the take out price or JV value, the more shares they need right...
Sorry but Irwin's talking nonsense (not for first time). Scott already had 19million reasons total the SOLG job and in the top role ensure he was able to drive the train for the rest of his buddies being Bob, Irwin et al. So do me a favour Warren... pull the other one. Maxit and Bob and doing the tough stuff, Scott just needs to dish out the p45's and visit Ecuador a few more times a year than anyone else cares to.
Scott has delivered ZERO so far. He's been in the position for months and months. Delivered shareholders an all time low share price, weaker royalty deal to last deal although let's put that down to Maxit. Pushed back PFS2 and Porvenir updates. Delivered ZERO operational news. On the whole let's face it... he's done farq all!
Where's the exploration that was promised? Where's the results from the SR? The list goes on.
30m shares could have got us 10 to 20 holes drilled on Rio for goodness sake.
Orthern, never a truer word!
Bonuses or rewards for simply carrying out your role, not for achieving have become the norm in the corporate world..
If our managements pay was linked to their performance over the last few years, they would be busking in the streets or painting pavements to make ends meet.
Like I said I meant
Addinct
Looked I said jobs for the boys?
My point is if we all get a decent pay off I’m sure our current outrage will lessen
DBW, he's going to have to pull a very large rabbit out of the hat to justify this award. Putting to one side the principle, I'm staggered at the exercise price - frankly, it's appalling and sends a very poor message. And even worse, we've got more to come as they re-write the long term incentive plan, which you can absolutely guarantee will be more generous than the existing one.
I've always been opposed to option arrangements and have a slightly old fashioned view that executives get paid to do their job to the best of their abilities; so, are we to assume unless someone gets a vast amount of shareholders money they will not do their best? If that's the case they shouldn't be in the job.