PEK 2.78% 18.5¢ peak rare earths limited

NdPr price rise, page-22

  1. 3,901 Posts.
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    Nope, not good enough...

    If a raise is going to be conducted at a steep discount mgmt should allow all holders at the time the chance to top up on the same terms. If its good enough for our geese it should be good enough for the gander..in this case many of us.

    Mgmt essentially robbed share holders. Straight up.. why not elect to push out the date on the options if they are looking to cover their own losses in this regard?

    The discount was steep. I can't recall exactly how much, but it was a significant discount even by mining speccy standards. There should be laws against this. Try not paying your taxes, or disputing your boss at work.. The man is right there to F*** you. But an overpaid mgmt team can knife and rob you blind and it's totally legal. Why even bother.

    Yes I topped up near the lows.. not the point is it?

    I think what may now happen is we get offered a chance to top up when finance is required... No mgmt... No... Don't use what I'm now saying against us to screw us the other way..

    What the mkt will want to see is that you can now nail down finance with a large institution and not at too much of a discount. Or by getting a J.V partner onboard with deep pockets. There should be plenty of companies worried about supply of REE, tech firms apple, Samsung also the U.S, South Koreans, Japanese etc etc.. Our deposit kicks arse, and you need a finance package which demonstrates a project ready to conduct arse kicking.. Not arse kicking in the form of shareholder wealth destruction, I'm mean arse kicking in the sense that Povertyboy isn't worried about buying a pint and a counter meal while watching the footy..

    And you are paid well to ensure this happens. Maybe it's deferred, maybe it's in shares... But your still getting paid...

    So upon receipt of the SML it's time to deliver an arse kicking that's positive and beneficial to all shareholders
    Last edited by PovertyBoy: 13/08/20
 
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