Ann: Results of Meeting, page-15

First 15 Last

Share
Profile

Follow
Bullish786

2,028 Posts.

254

01/02/24

00:24

Post #: 72173817
Share

Originally posted by Dupri: ↑

While I see you viewpoint- i still see this share grab through (performanc rights) as the ultimate pisstake.
CG in particular (and DV) have been int he game for years and never have taken their own personal financial risks. They have lost a lot of investor money along the way but have alway received much higher than average director salaries for exploration companies not only in LRS but various spin off companies (SLM, OAR and a few more coming up). They have never purchased on market but have sold ( particularly at price peaks) and then received more incentive rights.

BJ revived his shares though his finanacing of the company while PO is new and deserves his rights. PT is just a figurehead for JM (not sure how much he actually contributes given Argentina hasn’t progressed in years)

CG was lucky with the Colina discovery- his past record is horrendous. He has however made some good calls ( refinancing at the right times) and development of relationships with key people in Brazil. While he does deserves some performance rights as do the other director( the sheer amount with 3 lots in the last 18months which form a significant proportion of total MC for achieving expected standards) are not justified and just greedy

CG is probably not the best choice as director as we move to development- probably needs to be replaced soon

Expand

I did mentioned several times as Latin grows from explorer to developer they need solid track record CEO or Managing director!

LRS Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply