I've read everyone opinion and thought about this over the weeke and I've decided that I'm going to vote down the options, they are too generous for what I view to be business as usual goals.
Personally the goal around the share price (while aligning with mgmt with investors) is not really something they can control. I'd prefer to see something like production goals for SDV so that we don't see the same issues that have plagued ORE. This is something they can control and if they do this right then the share price will come. It is also a stretch goal.
I'll support the share consolidation, I'm not sure it matters either way, but what the hell. I'll also support the increase in salaries, in fact I'd be happy to support a bigger increase as I believe mgmt have done a great job and I don't see these being overly generous for what they have achieved.
I will also vote down the approval of the previous CR, I know that next year they can do another 15%, but there are already too many shares on issue and with the cash flow coming and the recent CR there is no need for another. If something big comes up they can always do a CR with a vote, I want to see what they want to use the money for before just giving them the ability to issue more shares.
GXY Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
