I voted no and am about 10% of that number, so clearly im an outlier/muppet that thinks the directors could be doing a lot more for that number of performance options.
It's infuriating to me. Apparently shares in CXO are actually just confetti.
SB is already paid big bucks
They continue to miss targets/timelines
Terrible, like beyond believably terrible communication
Growing number of staff on the books now, and they are likely to need more capital sometime early to mid next year
Yahua deal is now at risk
No new offtake agreements despite apparent interest. Remeber this was supposed to be sorted with Ruifu 18 months ago, and the fines were weeks away as well from memory.
No update on funding this mine. Plus we still owe LTR money.
FID moved again (3rd time that I'm aware of).
They are still drilling - why??? Conserve capital you clowns, until you start generating money. I want my shares to be worth something - did anyone at the AGM ask about this obvious waste of money?
Those of you who voted yes, please enlighten me why? Because I can't see it.
Note: Despite management clearly taking the piss with these performance options, I still believe the project itself looks like a ripper, we just need much better leadership at the helm.
CXO Price at posting:
3.7¢ Sentiment: None Disclosure: Held
