George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Trafigura,saying copper price going to hit record highs within a year bodes well for solg sake imho
I know Scott's option package seems excessive as he's effectively just been handed 1% of our company on a plate, but I know from personal experience commercials are a dirty business and everyone is out for themselves.... especially someone in the twilight of his career who wants one last pay day. However, there's no doubt his interests are now aligned with my own and its in his best interests to get top $ for us all.
One things for sure though, they have to now get this done before the next AGM or there will be blood on the streets.
Circa 275 days till the next AGM, crack on fellas, you've just set yourselves a deadline. C
Options cannot be granted to directors if they are in possession of inside information. In other words we are not currently in discussions.
If Scott knows a bid is coming and has in anyway influenced the board to issue benefits to him based on the bid it's insider trading.
But the Board has to approve it...
Red, appreciate the thinking out of the box but that's too much. The incentive for a 65 years old employee of an AIM like share is quite clear: me , me then ...me.
How about I am not surprised in the slightest that the price keeps dropping! I’m pretty sure that when Darryl car joined it was pretty much verbatim the same paragraph and look what happened there !!! You couldn’t make it up this is turning into a s-h-I-t show
Scott knows theres a bid coming...
He only has 1 million shares...
He would struggle to but more, because the market is still relatively thin and others are buying...
He doesn't have enough cash and the 'close period's is approaching on 13 April.
Bob has shares and can buy more...
Nick has shares and can buy more (though not in his own name)
Scott is 65 and hes doing the dirty work and is the odd man out, so Bob, Nick and Liam agree he gets the options....
Maybe because he knows too much...?
That was hi MM not mom lols
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.