Member Info for dunderhead

So because it's only 4 % dilution we should be quiet after all the official fanfare of saving cash costs but diluting through the back door. If the guys have worked so hard and deserve such options why are they not issued at average share price during this period of work? If that is the case then fine but the rns was very poor in communication and that rings big alarm bells as well. All imho and dyor.

Exactly mat. What s the point of paid "pr" of tgey do not answer the phone?

There's no harm in confirming approximate numbers and their respective feelings?
Crusty I take it you're not supportive of adding your numbers to the "not happy" list.
By the way whilst I fully appreciate the issues about furloughed staff and exceedingly tough times the main gripe for me is whatcaoiears to be the incredibly excessive shares allocated to thus work with no proper explanation around tgese charges except they've worked exceedingly hard (lol!). It appears to be in complete conflict with the cash cost savings measures rns'd just the day before and excessive regardless of the financial difficulties the world now faces.
Mat do you have the contact number u used when u rang or the location of this please as you seemed very blessed to have got someone to talk to? As ever all imho, dyor and no investment advice intended.

I'm a bit tired at mmt and catching up on some telly.
I cannae believe it but I'm in agreement with Tanzania.
Put me down for 7 mill and not happy unless the conversion is at average share price during the period of this work and how the total conversion figures were first arrived at if the conversion rate was not known them?
Also ffs let's it talk about the farm out.
Let me be very very clear considering the mess inherited from BH et al this was a good and fair deal.
The Zubs could have screwed us for much much more.
All imho, dyor and no investment advice intended.

Ffs fandom you obviously don't know me. I don't "talk my book" at all. I was holding 5 mill up until recently and was constantly slating the mgt.
F me do some research buddy before following the path of dweaky!!

Crusty ffs you mention this all the time?
What did you seriously ever expect?
They've actually done ok considering the ridiculous position the previous bod found themselves in. As I'VE said a 100 times the biggest f up was the underpowered rig. They should have thrown everything into that as after all this was the biggest asset they had and most likely to monetise things a lot more quickly.
They could have ended up with a 10 or 15 % fully carried free carry if zubs wanted to screw them.
I agree it don't mean f all but we should at least do our best to embarrass them. If we get a few % votes you get publicity and mark my word there's always a newspaper story about fat cats and small pi's who effectively carried the company through all the hard times - fighting against this.
It's just a shame I'm probably too lazy and old now to get this done lol.
I'm sure there's some one in here willing to get a register up of pi's willing to vote against.
All imho. DYOR.

Li21 you dont think the zubair director is not aware of this arrangement.
All we can hope for is that we as an investor group can muster 10% of shares and they may listen to us? To tell you the truth last time we did this didn't we get to near 3%? I stand to be corrected of course.
I know I've more than doubled up since then.
All imho and dyor.

Tanzania ffs why are they going to do that?

I sold down when the (unbelievably amateur) funding debacle came to light and only own about 500k now. I personally see much better opportunities and better managed operations and whilst I understand the current assets held still have some higher value than current share price I am concerned CAL have not yet come onboard with other company assets and until they do so I will not be purchasing further.
I think mgt technical credibility which was relatively high (Fiona certainly not included lol) compared to their corporate competence has also taken a hammering, after the geological interpretation of last (explore/apprais/dev ???!!!) well has been seen to be as optimistic as it possibly could have been (Lol!!).
Thank you for your replies.
Best of luck all, dyor and no investment advice intended.

This has been discussed at some length over on the "better" aex board. I suggest you guys and gals take a look there?
The worrying thing is the options look to be issued at nominal share value. The other (it looks like) higher issue price options (8 mill) have been generously (lol) cancelled.
What worries me is if indeed this is the case it seems at this juncture incredibly greedy but we need to understand what period if time thus covers etc.?
Or it could be that the issue price is still to be determined (hopefully an average share price over which the work is performed?) In which case this has not been explained correctly which concerns me about what I currently perceive is the "weakest link" in the mgt team.
All imho, dyor and no investment advice intended.

CASH the shares.
You can't cash them?
What you can do is sell some of them or all of them to purchase the options (pay the tax liabilities that this presents and keep the remaining shares and or sell them all)?
I now understand the clumsy description but to be clear cash is not awarded, the option to buy shares, is which if market price is higher can be sold for cash.

CP what is this awarded CASH you speak of?
I'd have thought acsuccessful chap like you had been awarded many options hence am a little confused about this talk of awarded CASH bro?

From first read it appears incredibly greedy taking into account all the talk about taking salary cuts. We need information as to what period it covers and how the amounts were calculated?

Tac I've got nothing to say blood.
These are as risky as they've always been and are designated as such in my portfolio.
When the Hugh first arrived I nearly sold but was beguiled by his enthusiasm and him investing his own hard-earned kept me here. Imho still a long and arduous road ahead and I remain to see enough value to average down yet.
All imho, dyor and absolutely no investment advice intended!!
Best of luck all.

Lol apb.
This place is infested with all sorts of conspiracy theories mostly out about by "famous" aex free bb legends!!
I too bought some more recently as I'd all but written these off but was very encouraged to read recent statement by mgt. (Am also glad to not to put in refer to mgt in speechmarks anymore!).
Will likely buy some more on any further share price weakness.
AS6 here I come!!

Aligator may I ask why you think iis should be buying now?

Hang on just seen it's 8 shares.!
That's not going to cover yearly fees..
The odd purchase like that is normally to balance cross market transactions. Do these have a non lse listing as well like Ireland as an example, I cannae remember?
If not merely a broker correction at end of day to settle the multiple transactions during the day?

I think they were referring to yearly charges. I which case I'd contact my shop provider and ask them kindly if they'd defer the required cash until the new tax year and pay then?
They normally write to you to let you know about outstanding fees before selling shares to settle of course.

Lol crusty do you remember the amount of time you wasted edumacating certain nay sayers with all their connections from the horses mouth etc. re work over and taxes payable!!

Jdk14 yes but wtgr that was when they had Mickey mouse mgt in situ.
That's certainly not the case now?
Nothing goes up in a straight line of course but it finally looks like real progress bring made.
All imho and dyor!