PDY 0.00% 0.7¢ padbury mining limited

chairmans options., page-5

  1. 13,189 Posts.
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    Each to their own.

    When the directors options are on par, I'm more than doubling my money, and by the time they double their money I would have quadrupled mine.

    They simply don't have the potential to make more profits than myself. I've held numerous stocks over my trading career and I can never recall being in a position where I stood to make better profits than the directors.

    Randomly pick 10 stocks on the ASX and trace back the initial/change in directors interest notices and see if you can find any director who has acquired their shares/options at a worse average price than the majority of shareholders.

    Trust me, if the current board had a performance incentive scheme in-place at their appointment dates, they would already have a squillion shares and options at a entry price far below the proposed 4 cents.

    As for the chairman, only the rest of the board can accurately advise on how much work he's done since his appointment. What I do know is that even though he was the most recent appointment, he has bought and holds four times the amount of stock than the rest of his colleagues combined.

    Trust me, I'm fuming over the share price and will suffer a big loss from my listed options, but that's no excuse to 'kill the pig'. Nor is it the time to 'punish' people when we don't have all the facts.

    By the way, please don't think that I'm trying to swing votes, because I'm not. Would be lucky if 100% of the people here accounted for 5% of the votes.

    Looking forward, we will hopefully have a trifecta of events which I'm confident will get this stock moving in the right direction:

    1. Chinese interest
    2. DTR results
    3. Expiry of PDYOB

    Fine, now you can give me a thumb's down!!!
 
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