Yes, Tom taking shares underlines that he is confident in the outcome for both SYR and the CSE holding. It also preserves cash, saving a partial sell down of SYR shares or a cap raising.
CopperStrike now has 3x non-Executive directors and a company secretary. I'm not complaining in any shape or form as I am sure it is done to keep the show running on the smell of an oily rag until something else happens. It is unusual though to not have any executive management.
Questions:
1. Does the lack of MD or CEO, or whatever title you want, mean that the evaluation of opportunities is now completed? Or off the table? Recent indications were that something was imminent...
2. Closing the Melbourne office. The office is shared with SYR (SYR pay rent to CSE) so is SYR moving to another office or are they taking over the existing office? Is CSE going to use the company secretarial functions of Melanie Leydin, including her company address? Or, ???
3. The rationale for the change of directors is not clearly explained. Is it to move expertise from 'exploration' to 'corporate deal making'?
I have to say the smell is good, but I'm not sure what I'm smelling! :-)
Only a couple of min until trading closes today... I was hoping SYR would announce the offtake agreement, due by June 7th, but it doesn't look like it :-(
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