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SM, so you are a sharp Tool are you? I certainly agree that you are a Tool😆
The Rocks Caldwell has bent us over, and you and Add think he has done an excellent job rogering us with him tanking the SP😆
Eloro, if add and myself are the two contrarian voices, who's the real sheep? Not the sharpest tool in the box, are you.
Eloro, we can turn that comment on its head in as much as both you and Fort are on here day after day telling us SC is useless and are clearly of the belief you're right and everyone else is wrong. 2bn vs 15m.
Add, SM, Fort and I don't agree on Israel. But have no doubt, we are in locked steps when it comes to our assessment of the inept buffoon we currently have for a ceo 😉 Look at the current confusion he has created. Both LSE and Twitter are awash with folks trying to figure out what is going on with recent activities. We are all wrong and you 2 guys are the arbiters of what is right while everyone else are idiots 🙄 The ego and arrogance of you 2 sheep😆
SM, nail on head.
I only see one revolting shareholder. At least in that sense
"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?