Walken forgets to indicate that less than 12 months ago, NM also paid 6.5 cents for 13.5 million options ('employee incentive' which was later changed its name to 'directors incentive') to when the share price was 11-12 cents. A gain of over $600,000 and increased his share of DGR from around 15% to just under 20%. I think a $20k loss is small peanuts compared to his Sept incursion. Lets not also forget that another 2 years prior to 5 cent value as Japanfresh reminded us, that DGR share value was over 15cps. Solomon Island and Monto failures were involved in this drop in price. Also I remind SOLG's share price was valued at 50p, then fell to 2p, before regaining to current levels. All the time while under NM and long term Directors stewardship, which allowed them to increase their percentage holdings to very significant levels at very cheap averaged down prices.
Reminder: Not one of the 2017 Sept's 6.5c incentive offer went to employees....all went to Directors (DYOR). What happened next, DGR share price started dropping to current levels. Even at current 8.8 cents a share NM has increased his DGR value by $310,000. Paying NM well over $10 million in less than 10 years for what he has achieved to DGR, SOLG, etc., shareholders needs to be questioned. He has used his positions as CEO to greatly advance his own interests. I suggest to the tune of many more millions of dollars than his salary paid.
Again, lets not forget NM then (Sept-Nov '17) accepted the low ball figure of 26 pence from the Canadian Bank for Solgold when its share price was around 34-36 pence (having reached over 40p less than a year earlier). This announcement came after his repeated and lead up assertions: that SOLGOLD had sufficient funds to continue without need of a CR until at least late 2018/early19; That maiden resource report would confirm that we had a Tier 1 copper/gold find; that we had 12 active drilling rigs soon to be on site; that we had 75 new permits issued. He just forgot to tell market that he was negotiating with bank for low ball price (26p) and lets not forget that his poor reporting caused major issues with Canadian Regulators as to standard of report and assertions therein. Fell short by margins of not being a Tier 1 resource. Our truthful and competent CEO's (of DGR, SOLG and......) management caused SOLGOLD's value to tank to current levels of 22-23pence and DGR to 8.8c and look at the rest of the companies value. All occurring under his watch.....are shareholders getting value from this fellow. There is not one current company that has increased its worth under his management. Lets find people who will actually fulfill the legal responsibilities as Directors and CEO's to manage our companies independent of self interest.
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Mkt cap ! $12.52M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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1.2¢ | 250000 | 1 |
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No. | Vol. | Price($) |
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3 | 1850000 | 0.010 |
5 | 919667 | 0.009 |
2 | 260000 | 0.008 |
1 | 200000 | 0.007 |
Price($) | Vol. | No. |
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0.012 | 250000 | 1 |
0.013 | 150000 | 1 |
0.014 | 268000 | 1 |
0.015 | 600000 | 2 |
0.016 | 1100000 | 3 |
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