So Dragues has probably cost us $220 million and MC stands at $290 so what's left is now worth $70 million. Pre-Clifford @64c and 860 million shares we were worth $550 million. So since Clifford the pre-existing shares have lost $480 million. I do have a Science degree and a Masters with First Class Honours, and know nothing about mining gold. Perhaps knowing nothing about mining gold qualifies me well to be M.D. Maybe I could mine coal? How about we get Jim and Adam back?
There must be no performance incentives for Clifford..come on everyone, vote, NO!!!. Imagine if he added 20% to the current value and got offered 2 million bonus shares. $1.4 million as a base salary also needs voting down. I'm fearful of the quarterly if the current decline in S.P. is a harbinger of what's around the corner.
Sweating assets only results in one thing...breakdowns! Like I said, if you don't plan for success, you plan for failure. In any event, sweating can no longer happen since things have slowed down, and it's been dropped from the cliches in use, unless it applies to shareholders management or both. Oh of course, future value lies in Federation and Great Cobar. Tell us something we didn't know long before Clifford was appointed.
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So Dragues has probably cost us $220 million and MC stands at...
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