Matt says its a good deal for shareholders. How can you not trust him? CGT's sp was just 11c & Lion were offering 18c, "a premium of 60%", Matt says. And now you can get 20c on the ASX for your shares. How can shareholders not see what a great deal the Directors have got for all of them.
Matt is positive it's a good deal, and I believe that he believes it's a good deal. Afterall he had put none of his own money up & the only holding he has is 1.8mil 10c options he'd been gifted as a 'performance' bonus (for doing a job he gets 250k p/a for & overseeing shareholder value drop by 80%) at a time when the sp was at its lowest point. Yes if I was in such a position I too would consider the Lion offer a good deal.
Petrolf how could you lose trust in these guys?
Ann: Castlemaine Goldfields Limited Broadcast , page-6
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