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1.2¢ greenstone resources limited

So do the board get to use those performance shares to vote in...

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Rubyjon

1,163 Posts.

149

14/05/24

13:29

Post #: 73815893
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Originally posted by donnybrook: ↑

Could be the case, Rubyjon.The GSR Board may have us over a barrel on this one. Due to their less than capable handling of the company and their inability-or downright refusal- to get anything resembling mining underway, even the 'windfall' $1.9 million may not get us into production. The Board needs to go, but who is going to replace them? To my way of thinking, we need three competent individuals with a definite plan to get into GSR into production to put before shareholders. At this point in time, there aren't any. The synergies obtained by combining our proven resources with HRZ are attractive, and I'm not against the merger per se. It's the misuse and abuse of Corporate power in the absence of any regulatory oversight that riles me. The self awarding of 'performance bonuses' in the face of total non-performance by the Board that's activated with the merger,[ akin to looting the coffers] is hard to accept.
I'm sure a successful legal challenge could be mounted against it but there appears to be reluctance from shareholders to take this route, even though costs could be shared.

db

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So do the board get to use those performance shares to vote in the merger?

GSR Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change -0.001(7.69%)		Mkt cap ! $16.47M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.2¢	$17.83K	1.485M

Buyers (Bids)

No.	Vol.	Price($)
1	719930	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	1951174	3

View Market Depth

No.	Vol.	Price($)
1	719930	0.012
2	1558579	0.011
9	1243099	0.010
4	5186760	0.009
6	2695336	0.007

Price($)	Vol.	No.
0.013	1951174	3
0.014	191667	2
0.015	1200000	2
0.016	130000	1
0.017	625000	2

Last trade - 15.46pm 29/05/2024 (20 minute delay)


Last 1.2¢			Change -0.001 ( 0.00 %)
Open	High		Low	Volume
1.2¢	1.3¢		1.2¢	413676
Last updated 14.27pm 29/05/2024 ?

GSR (ASX) Chart