He is opportunistic and I guess everyone is but especially so as sentiment with the last board was extremely low and he has capitalised on this with his package and getting everyone on board... which isn't unusual but wow he sure took a chunk... He has essentially taken half a cake when he should have taken a slice and then put back a quarter and everyone is cheering from a cost reduction standpoint.....
For me to change his performance incentives is also a piss take, he hasn't managed communication, costs, marketing and sales channels correctly imo..., Hepburn and co fed on the carcass for way more than they should and whilst lithium macro had a significant downturn well boohoo that's life.....and it should cycle back up if all future indicators are correct....
But what does he do? Changes the internal goal posts to again take take take ......
For me this is far from a long term hold and better to trade around news events...so that is why i monitor..
Kept saying cash burn + no guarantee of options converting will be the dagger for MLL long term SH's and the SP is the judge.
GLTA truly hope everything aligns but with more delays its not the best scenario for the next quarter imo.
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