All well and good to look at it that way, but these are the same people who were not "fighting" to get their hands on shares when it dipped to 58.5c the other week. Instead, some "bullish' posters here came out full force stating it was time to move on from management, all because of market swings unrelated to the company. Some people can't be pleased, and should not hold shares in speculative companies if their emotions are not in check.
I agree with Jalv on this one. A slower ramp up, in favour of less dilution is the most prudent course of action.
Although I am always upbeat in my posts here, I am always cautious of any management team. I have already voted (400k votes) against the resolutions 3 through to 10 due to the low bar placed on performance incentives and unacceptable termination clauses. Management deserves to be rewarded for some of their great decision making, but isn't entitled to a free lunch. Their salaries are already at multiples of a comparable ASX company. I would not be adverse to voting for a very healthy bonus for management after they have demonstrated that timelines have been met and mining is in line with guidance. Having said that, if any amendments are made prior to the AGM, my vote will change.
I do not want to contribute to talk regarding whether the resolutions are indicative of a T/O preparation. However, TOR did a similar thing with termination benefits last year for their MD. Shortly after, they announced a merger of equals with ASO. It may not be as sinister in our case, but optically, it is not the best look. I will be watching developments very closely, as many others will be here too.
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