It's good to see the two directors kicking the tin with their own cash at a good premium to the current price. The performance rights have been updated to now include a uranium benchmark. This makes sense to me.
I also see the vesting date is 10 November 2024, which doesn't give Leo much time to identify targets, identify and hire contractors in the busiest time of the year, get drilling underway and then get the assays returned. I'm surprised but happy they're not seeking to extend the vesting date.
It's also interesting Cosmos is intending on forming a JV company with the Fenix vendor Northern Capital Partners. I see this as a vote of confidence in the Fenix project with Jeremy foreseeing the likelihood of needing to seek capital to fund future development of the project. I can't see what other skill sets NCP offers beyond accessing capital markets to build a mine and why you would want to hold them so close if you didn't think the project would measure up.
I'm intending to vote Yes to all resolutions. GLTAH.
C1X Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
