CXO 6.67% 9.8¢ core lithium ltd

Ann: Change of Director's Interest - M McComas, page-18

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  1. 1,088 Posts.
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    I voted no and am about 10% of that number, so clearly im an outlier/muppet that thinks the directors could be doing a lot more for that number of performance options.

    It's infuriating to me. Apparently shares in CXO are actually just confetti.

    • SB is already paid big bucks
    • They continue to miss targets/timelines
    • Terrible, like beyond believably terrible communication
    • Growing number of staff on the books now, and they are likely to need more capital sometime early to mid next year
    • Yahua deal is now at risk
    • No new offtake agreements despite apparent interest. Remeber this was supposed to be sorted with Ruifu 18 months ago, and the fines were weeks away as well from memory.
    • No update on funding this mine. Plus we still owe LTR money.
    • FID moved again (3rd time that I'm aware of).
    • They are still drilling - why??? Conserve capital you clowns, until you start generating money. I want my shares to be worth something - did anyone at the AGM ask about this obvious waste of money?
    Those of you who voted yes, please enlighten me why? Because I can't see it.

    Note: Despite management clearly taking the piss with these performance options, I still believe the project itself looks like a ripper, we just need much better leadership at the helm.
 
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