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A few days ago people were worried that newcrest (now Newmont) wanted to sell out of GGP.
Surely people can see the wood through the trees, they have just had a JV meeting to discuss the future of Havieron, they are conitnuing decline development, they are still progressing towards the ore body.
Sounds to me like everything is still pushing ahead albeit now at a 3 month time lag to what we expected yesterday. The sell off doesn't justify the news in my opinion.
Imminent MRE to look out for so cannot understand people selling out personally.
Okay then Bamps, question for you. Say the share price now goes to 3p under the watch of the current staff, should they all get incentives to get the share price back to 7p?
Would you say that would be a well deserved incentive package?
SAS it is because it is essentially a free option. If SP exceeds the exercise price then they can buy and crystallise an immediate gain. If the exercise price isnt exceeded then they have no capital at risk. That is not the same as buying the share on the market.
Think you are missing the point of my post tbh Bamps.
Would you have been happy with share incentives at 11p when we sat at 38p?
So why would you be happy awarding them when we sit at 7p to people who overseen that share price decline?
Bit counter intuitive that you can oversee value destruction and subsequently reward yourself for getting a fraction of it back.
Shaun doing what Shaun does best....dilution and lining pockets.
I wouldn't mind but saying "exercise price which is at a significant premium to the current share price " sticks in the throat a bit considering I view it as a significant discount to the share price when he joined.
I think the sell of on this share is now well over done. We are now below the price at which Hainan have come in at.
Appreciate the multiple extensions, however fundamentals are still there and a recent recommitment with the front loaded investment.
It pains me to say but I agree with Dobbs. This latest farce re. additional capital raise has made me lose my last bit of faith in him.
I don't see what value has been created during his tenure, except reinforcing our BoD with so called "industry verterans" yet they seem to be rabbits in the headlights at the moment. Can't actually pinpoint one single thing any of them have done since joining GGP except get generous benefits packages.
If we are fully funded, then at present it makes zero sense to raise additional equity at the current share price.
If Shaun goes ahead with this then it will just be Shaun Day doing what he does best, shareholder dilution and capital raise at mates rates!
Really hope this isn’t true otherwise I think will lose a lot of faith in him.