Good post by subit on another board7 Nov 2023 10:43
What an extraordinary market - companies are being valued by cash reserves rather than potential. The market pats you on the back because you hoard funds and survive a little longer before burning through the funds on salaries rather than congratulating you for a deal done and valuing the potential of the deal or assets. These companies are supposed to be nimble small cap exploration firms not FTSE 100 dinosaurs.
The recent Directors Share options vest on the following basis:
Options issued on 12 October 2023 to Alistair Jury and Carl Kindinger are exercisable at 12.5 pence per share. Fifty percent (50%) of the Options (1,500,000) will vest upon the release of an RNS in respect of the rigless testing results for the Guercif Licence and fifty percent upon the release of an RNS in respect of the completion of the acquisition of TRex Holdings Trinidad Limited and the Cory Moruga project.
Part 2 of this is now completed though the option holds no value at todays market price.
Align yourself with the Directors' interests in what you believe will be a successful company and you shouldn't go far wrong.
Now just a little longer to wait on Part 1 of the share options and maybe the market will notice some value here.