Hi Castaway,Sam did take a pay cut and I believe it's 50% for 2...

Hi Castaway,

Sam did take a pay cut and I believe it's 50% for 2 years (2024-25), so it's a significant pay cut and I wouldn't expect him to buy in those two years.
In exchange for the pay cut, I believe he got 13,359,138 Unquoted In-Lieu Options (refer below screenshot).
This might need to be confirmed as I'm going from memory.

The problem for me is how did he get all these options and why such a long expiry date.
Below shows 38m options which he has over 2.5 years of service in which:
-no ounces have been discovered
-we've walked away from 600k oz and now pivoted back which is imo an admission of error
-not 1 of our individual properties have been fully explored and excluded, and no big drilling campaigns being carried out
-$25m estimated spend on rock chip samples.

38m Options ÷ 525m SOI = 7% of the company.

The longer this drags out, the more management Options are given and salaries paid.


All imo, please dyor to verify the above.
Happy to be corrected and retract the above statements if I'm incorrect.


Best of luck punters.