Litchfield, in your earlier post you mentioned you had a high regard for our new MD, Steve. But with the following observation you are practically calling him a DILL!
"From his (ryana) estimates, MKY shares should be worth somewhere around 0.024-0.026 per share given the assets/500mill shares..."
Why did to call him a DILL????
Because he negotiated a salary package that included performance shares, as follows:-
Target 1..get sp to 5c for 60 days..reward = 5mil shares
Target 2..get sp to 10c for 60 days..reward = 5mil shares
Target 3..get sp to 20c for 60 days..reward = 5mil shares
So by your calculations, helped along by ryana, poor silly Steve has got buckly's of earning a decent crust for all the hard work he is doing for MKY. Your calculations say the sp is only going to go to somewhere around 0.024-0.026c"
No, I happen to believe Steve is NOT a DILL, rather he is very well qualified and very astute..he has been given a very reasonable, achievable targets. He didn't come to MKY to be paid peanuts! His job is to get MKY to become a substantial explorer/miner and he will be rewarded accordingly.
Now what about AB - jeez, he's got to be a dill also. He said he wasn't in MKY for tiddlywinks stuff! 2.6c is tiddlywinks stuff, loose change.
In my opinion he doesn't get out of bed for less that a BILLION. All his AEC deals seem to have those kind of zeros behind them (billions).
Now, did I get into MKY for 2.6c (peanuts) - nope,my sights are set a little higher, along with AB, Steve, and lots of other holders. I could have cashed out when MKY was 3.7c and almost doubled my money = wow!!!!.
So, sorry litchfield/ryana - appreciate your estimate but I think I'll stick to my maths. If 2.6c is the best MKY will do for you, that's great...personally I think it will do better.
MKY
mky resources ltd
