Maybe Calderwood outplayed Tribeca but no retail shareholder should ever vote for any pay/bonuses increases for putting us in this situation.
Rather than review SWOT and adjust ( what every worth his pay CEO would do) business plan to signs of changing market conditions he just bet all shareholders wealth on signing offtake with nice price and hoping we will survive until lithium demand will go up.
Even more, for painting nice picture and being fully aware that failure of not achieving new agreement can spell disaster, I will never vote for his re appointment even if A40 will go to 0.20, 0.50 or $1.00.
And those words are from someone who one day was one of his biggest supporter.
In one way or the other I am thankful to Tribeca for exposing the truth about problems we are in and hopefully we will see more changes with much financially wise people on our BOD.
Sadly, we shareholders can't submit some resolutions as I would have plenty of proposals.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
