I sincerely hope this BOD do not grab shares out of escrow to pay more bills going forward. You have $11.5ml in the bank and options worth $11ml needing to strike at 3.6cts. Jupiter should of been paid for in $$$ not Shares. Same with Auganouts payment.These new directors seem to follow AR's & MA's lead. Dilute stakeholders to pay bills whilst grabbing more confetti shares for themselves with a quite attractive termination payout and the end result is 1.4cts.SP going south. Not only have stakeholders been heavily diluted but a large portion of ownership is in the hand of the unproven.
At this rate, Tim you got buckley's of $500mc by Xmas and at this rate Phillippa we should of not listened to you and bought on market instead of SPP. "Forced to buy on market" really.
These directors can't get options in the money by Xmas should resign take there package and move on. Going to be a lot harder with all this confetti shares floating around to get anywhere near $500ml MC ATM unless the exploration arm overshadowed the corporate arm.
This downturn is purely corporate f#@kup by the BOD. 2.8cts to 1.4cts in their tenure. That's $33ml blown in the MC.
Sorry BOD corporate arm but you guy's are on notice.
Have a good weekend all
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