Hi BLUTO. I believe Wal is gone. George and Giulio had 3 options...

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westcott

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02/02/17

13:10

Post #: 22318859
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Originally posted by BLUTO ↑

In Fairness to GC & GJ The Hanlong deal was forced upon them after the death of Talbot and the rest of the Board. (Known Triad benefits from a plane crash, it certainly sounds suspicious to me).
For years the board was trying to get somebody to spend a Billion dollars to become a partner in the mine, for the right to spend another 4 Billion to build rail and port.
Politically , probably not the most stable of environments, so Sovereign Risk is a real issue.
Iron ore is not a rare commodity, plenty of it world wide.
Now the infra structure part of the deal has been stripped from SDL, ( so why do we have Wally on the board??????) and whilst we are totally reliant on the Camaroonian Government getting funding, we have no ability to proceed until this is achieved.
GC is pushing sh$%t up hill and has been for years.
Now luckily for us, GC has clearly never had his interests aligned with the shareholders, this was confirmed in the recent company announcement re GC's option grab, lets face it the more shares/options GC owns, the more "aligned" he becomes with shareholders. However I'd like to qualify that even further:
To truly align GC with shareholders he should be putting his own hard earned , or on the face of it with SDL, not so hard earned, cash into the purchases.
So here's my proposal. Give GC the ability to earn as many options as he likes. However he has to earn them at say 100000 options per hour, where he has to document each 6 minute block that he spends working for SDL exclusively. When this happens then GC's interests will truly be aligned with shareholders, however until then........................................................................

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Hi BLUTO.

I believe Wal is gone. George and Giulio had 3 options with Hanlong, they chose to sell out to Hanlong. The other options Hanlong offered would have been better for SDL Holders in my opinion.

Regards
Westcott.

SDL Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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