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20m market cap! Is it time for Scott and other directors to reduce their remuneration to zero?, page-12

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xtremelivin

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30/09/24

21:26

Post #: 75915090
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Originally posted by csadeev: ↑

I wonder why the company's largest shareholders still allow Scotty running the company, while their investment is essentially worth close to nothing now. A similar large scale, bulk tonnage nickel developer Canada Nickel did suffer some pull back from its peaks too, but the company is still worth around 210m CAD, whilst BSX is barely worth more than a fancy house in one of Sydney's eastern suburbs. Scotty managed to crash the SP from 80c to 3.8c (96% loss - 20m AUD market cap) destroying hunders of millions of shareholder wealth in the past few years. In the same time, Canada Nickel worked closely with the Canadian government to progress their financing and permitting and to secure close to a billion USD (!) in funding, not to mention their option agreement to sign an offtake with Samsung (!).

Canada Nickel's recent achievements:
- $900 million USD in debt financing commitments from Export Development Canada and another financial institution
- $600 million in refundable tax credits from the Canadian government for critical minerals and carbon capture
- $100 million option agreement with Samsung for 10% of the project and 30% of off-take

Blackstone's Minerals' recent achivements:
- Blackstone receives A$1 million R&D refund advance
- Non-binding Memorandum of Understanding (“MOU”) with three Vietnamese companies to sell Ta Khoa Refinery byproducts

Scott get out of the management, we don't want you anywhere near the company.

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are you implying his total yearly pay package of $547,015 is unjustified ?

BSX Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.4¢		Change 0.000(0.00%)		Mkt cap ! $18.04M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	30000	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	209309	1

View Market Depth

No.	Vol.	Price($)
1	30000	0.035
3	722941	0.034
1	90000	0.033
1	15300	0.032
1	30000	0.031

Price($)	Vol.	No.
0.033	209309	1
0.034	7571	1
0.036	1400	1
0.037	30998	2
0.038	137362	2

Last trade - 16.12pm 01/11/2024 (20 minute delay)

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