A40 price action, page-1100

And this is exactly what made me disappointed with MC and created big lost of trust in the whole BOD, not the stagnant SP traveling for 6 months between 16 - 20c

What kind of announcements do we expect in the next 6 months?

New off take for remaining 50%, binding JV hydroxide, drilling results to extend LOM (with MC mentioning on TV with possibility of double or triple MRE), more about fines, lower strip ratio to reduce costs - well this is good enough to get more interest in A40 and hopefully pushing up our SP.
Lots of good news to shareholders which we so often bringing to our and non holders attention and pointing out as a reason to hold or buy at current prices.

What did we (or not) achieved in last quarter:

2 shipments totalling 29 K tons only, dilution of shares, dilution in COW, failed to secure second off take ( finalising 6 months ago) no news on JV - even we were told it will happened in June (still one week to go), no update on drilling results, extra expenses towards new name (3rd in several months), expectation of shocking quarterly report.

With such performance no wonder buyers staying away and free field for anyone who want to push SP down.

Taking both together, we have our CEO who does not ask for eg. 1.5M free oppies exercised at least @ 30c, but creating formula which give him more shares on lower SP at the end of bad quarter) and better rewards if he outperform our also struggling piers (who are they?) during time when all (hopefully great) announcements are ready to roll.

My past experience tells me that you need to be extra careful when CEO and/or other BOD's starting to look after their own pockets.

I see no reason why we can't reward our CEO at the end of 2019 when he will deliver what we all expect of him.
The only reason I can think of is that once all be nice and smooth , another "encouragement reward" will be presented for approval.

I do understand that the whole lithium sector is under pressure and we will not be immune to it unless thing start improving, but the whole reward proposition is IMO bad timing and is just creating assumption that we are drag down to get lowest possible VWAP for our CEO before the end of next week.

Anyway, I had my spill on what get me totally disappointing now and reflected in my previous posts.