I thought the performance shares were for the 50% fall in the...

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20/08/23

20:05

Post #: 69444221
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Originally posted by jophda: ↑

Shareholders should never vote for management and board incentives that are not directly linked to shareholder wealth .
Higher production can be achieved by raising more capital or by the company taking out debt .
Neither of these things are necessarily in the best interests of shareholders .

CE1 took out debt with its attached toxic hedging requirements and did a surprise credit raise in the process of the drilling that achieved the production hurdles that got the rights vested .
In that process the share price has more than halved .

" Show me the incentive and I will show you the outcome ." Charlie Munger .

It is a pity that retail investors seldom vote at Annual Meetings .

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I thought the performance shares were for the 50% fall in the share price? - joking.

Totally agree on your sentiment. From memory they did have some other targets that were more aligned to our interests but surprise surprise they were never met.

CE1 Price at posting: 9.7¢ Sentiment: None Disclosure: Held
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I thought the performance shares were for the 50% fall in the...

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