Member Info for Highside

Redmoor, If you were getting £100k a year would you want to wrap the project up ?

Ah, lets be realistic ?

Well there's a first time for everything :-)

Being realistic we did our money here yonks ago. Its been damage limitation since the consolidation. As a "grown up company" we have gone backwards, at least we could dare to dream a couple of years ago, who's dreaming now and who is having a nightmare ?

If the environmentalists get involved who knows where this will go. The only sure thing would be it will take years of hearings, reviews, re assessments and probably legal cases to settle. Bad news for those still trying to get something back, great news for the BOD who would get several more years income out of this.

Personally i would like to see a financial report/assessment of the last 5 years or Toral to include total renumeration for the BOD and staff,, total income from placings etc and why after the deal with Denarious ,the market cap here is £1.5m ?

Come on MC, it cant be that difficult.

In the accounts it says Salary $154,853 which is £115,000 therefor the figures i quoted in my post were in USD ie $229k USD

If you think they are in AUS $ then 154, 853 would be £77,600

Oh get over yourself. You are wrong, you don't have to admit it but maybe just shut up about it ?

I agree but would i be wrong in saying

All the while they take shares as payment and earn a good wage as well its in their interest to keep the SP low and accumulate stock. There would be very little point in getting this done any time soon.

I have never understood why people don't ever question what goes on here. for example...

LR was contracted to give 6 months notice and yet he went overnight having agreed to take shares as a wage just a couple of weeks before. Did he buy himself out of his contract ? Did he sell his shares, was he paid for the remainer of his contract ?

Cri5ps question would be answered if you knew what the plan was re a new project ?

TBH if no one knows whats going on or going to happen its hardly surprising no one buys shares anymore.

As i have said so many times, there never seems to be a plan or and end game...its just a shame because this could have been a great investment had it been managed as such

More crap from me apparently :-)

Myles Campion , Renumeration 21-22

Salery $154,853

Superannuation $8,173

options $27,069

shares $49,420

TOTAL $239,515

Grappa

Thanks but i am long gone but having lost so much here i like to keep tabs on this :-)

I see a different outcome to your scenario , i see the final sell off of the last 20% and the winding up of EUZ and as usual the corporate investors and debtors being paid off and nothing left for the PI,s. Hopefully i will be proved completely wrong but without any support for the SP from management, who knows ?

Shed

A/ I said 3 years ago when the SP was 15.5p on the 17 march which was as i said before the last drilling campaign and the Denarius deal.

B/ I think LR's last renumeration included expenses that almost exceeded his wage. It would be Nieve to think their income is restricted to a basic wage be it shares, bonuses or "expenses".

For example

Mr M Campion, an executive director of the Company, is also a director of Virico (IOM) Limited. During the year, Virico (IOM) Limited received fees for consulting services. These fees were based on normal

commercial terms and conditions. $240,000 !!

Bottom line is as i have said from the beginning and time continues to prove me right. However much good news there is or advances made, if you cant sell it to investors its pretty worthless to investors. If you don't pick them up on this then don't expect things to change, its in your interest now not mine. :-)

In the last 3 years this has dropped from 15p to 1.6p. It needs a rise now of 936% just to get back to where it was before its last drilling campaign, before the Denarius deal and all its incentive triggered management bonus payouts :-)

I expect the management are now even more part time ? so maybe they could explain what's gone wrong , how they justify their remuneration, currently about 1.5 times that of the prime ministers and how they are ever going to get this to return any shareholder value short of selling off the last 20% and shutting the whole sorry mess down ?

( I wouldn't regard anything under its position 3 years ago as share holder value myself and thats being generous)

Come on Shed, Cjen,Cri5p et al :-)

Forget it Teaye, what is a group going to discuss ? Who's been let down the most ? Who's lost the most, who spent years talking this up then just left everyone hanging ?

Basically it would be a group discusion/post mortem on how not to run a listed company :-)

Contact DB, maybe they would start a telegram group :-)

Sorry but what do you expect diferent to happen in 2025 ?

I think that's what Myles used to say to Lawrence. :-) he was probably right :-)

You have to ask what were these bonuses for ? obviously not performance related or they would have been giving shareholders money :-) If they were for passing a target like the MLA then what were the wages for ?

As you get older you realise these companies are a huge con that pay out money to people that simply don't earn it and leave shareholder with nothing to show for it.

As is often said. the only people ever to make money on these AIM failures are the directors whose main skill is to "direct" as much money as they can into their own pockets with wages, expenses, incentives and bonuses with targets set at ground level.

no one ever says, hang on you paid yourself x amount to incentivise yourself to get these too 10p..are you going to give the money back now theses are 2p ...lol no doubt the next scheme will be to incentivize yourself to get these to 5p ?....lol

Quite frankly what has gone on here is symptomatic of British industry across the board be it water companies who get huge bonuses for pumping raw sewage into rivers ,down to Government who can lose Billions of your money on PPE schemes with no accountability what so ever.

Oh, silly me.

When Bricks or I or anyone else come to that, lose money here its our fault because we stupidly bought into this too early.

When Crisp buys in too early and loses 65% (so far) it doesn’t matter as its just a paper loss :-)

Well news for you crisp, it was a small paper loss for me to but that didn’t stop your holier than thou nonsense over the years …lol

Unbelievable

Skated through the first 20 pages and it sends a shiver down my spine.

The song, "start all over again" springs to mind

Take a step back, turn around

Look at the world that you've let down

My, my, such a disgrace

The damage is done you can't replace it

These are the things your mind will tell you

These are the things your heart will say

These are the things that leave you hopeless

These are the times you say

There is no way, no way, no way

But as long as you are breathing

You can start all over again

It your heart's beating

You can start all over again

Goodbye Sorrow, you can start all over again

Hello Tomorrow, you can start all over

--------

Rinse and repeat. Great work if you can get it....

Tell you what i would like for Christmas :-)

I would love to hear LR's side of the last 18 months. Not in any personal way, just an honest appraisal of the route taken and any options to that route that were available .

Was he on course with a plan and had the rug pulled from under his feet, did he keep his shares ? , why did CB jump ship. what did DB think ?

Did MC stay on in both roles to save a few bob and try and rescue at least a small proportion of the SP for long term holders ? so many questions..... but for me its water under the bridge but i cant help a bit of curiosity :-)

Tell you what i would like for Christmas :-)

I would love to hear LR's side of the last 18 months. Not in any personal way, just an honest appraisal of the route taken and any options to that route that were available .

Was he on course with a plan and had the rug pulled from under his feet, did he keep his shares ? , why did CB jump ship. what did DB think ?

Did MC stay on in both roles to save a few bob and try and rescue at least a small proportion of the SP for long term holders ? so many questions..... but for me its water under the bridge but i cant help a bit of curiosity :-)

Quote from Crisp

"My average due to selling a load averaging 19p is 4.5p but 10p is my target"......you sure Crisp :-)

When They bought Toral as far as I can see, following the placing to raise the money, they had 1.28b in issue @ 0.13p so the company was worth £1.6m

Today its still worth £1.6m having raised over £10m in placings .....and Crisp thinks they have done with placings :-)

I did wonder about the Mkt cap v current deals with denarius. Excuse my figures as i am not up to speed anymore but lets say 1.6m mkt cap against 4m in promises ? Humour me :-)

Presumably the money from denarius is accounted for in future drilling and commitments and maybe conditions the money is spent on the agreements and not on future projects ?

So to buy another project which is their stated aim, can they use Dearius cash ? Also can they use Denarius cash for remunerations etc ?

In short how much of the money from Denarius is available for working cash for EUZ and how much is for the Iberia project ?