while we haven't agreed on all things, i have appericated your imput alot and as a go to for opinion and knowledge. Gareth got out because he could NOT see his growth outlook coming to be, and going nowhere at present. (performing rights a non event to obtain) i too hope to reenter, and still hold the opinion at TO, JV, sell assets with royality deals, or development of other resources all positives from here. I believe the most likely is TO, but the merit of a TO will be hard to press a deal with our market MC, and the buyer will hold all the power, in TO the buyer always believes they will do a better job with hieght margins, at LOWER Costs, else why TO, at current MC and possiblly lower a TO will for a suitor look like a loan, or credit line that will repay well above costs to do so, and look like an investment returning better than market rate of interest. angst over an intern CEO, getting plus $20,000 extra for doing what? if he of other believe in CX0 LET THEM BUY AT MARKET. regardless of apprentice CEO any compnay should NOT be pay such high pay packet for companies that don't make a profit adn large profits at that, sure they can become millionaires but off that, not off charity payments for us the owners. there is NONE, NO, NOPE, ETC JUSTIFICATION FOR THOSE SALARIES not only CX0 another example explorer... CEO gets near $400,000 with exploration costs spent only $500,000, money in bank $1mil. (there are othe staff too)
a fairer company i hold, $70,000 for CEO, but buys shares at market, and he and staff take salarly in part in shares at market, and have been for years.
many thanks again
CXO Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
(20min delay)