Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In this case it's the agreement that they will not sell their products in the uk. Existing clients can be renewed but not new sales, they ignored the regulator and paid the price but that was mostly to do with having a controlling share holder and director that was a nightmare (thought he was above the rules). That is no longer the case and there is no majority shareholder now so the company can be run properly and within regulations. Once the vvop is removed by the regulator they can bid for uk contracts and sell to their biggest market the uk. Not sure when this will happen but the regulator must be pleased with the efforts the company is making. Sooner the better for us share holders as it has been a wild few years. Kinda wishing I had bought more at 4p now but I have a lot all ready.
Can be a long dull affair. And more news on the companies future direction and earning plans but with the amount of money pumped in they must be very confident that they have a winner here as this is not bank borrowing.
Agreed madder things have happened. I have watched and been involved in some movements that defy logic. This might be one of them, especially since they now have a employee whos sole job is to get the share price up (with good shares as a bonus for him).
These options are designed to support the business strategy by aligning management incentives to the creation of sustainable shareholder value. The options will vest over a three-year period. Get the share price up and he gets awarded bonus shares that were registered recently.