RE:Re:oceana supporting covid around didipioLots of shareholder money into the hands of Philipinos without any revenue from an asset that has been offline for 2 years. The company has gone completely radio silent. No news is not good news. I read an article yesterday on how badly the Philippines has managed Coronavirus and the financial toll it has had on their economy, the worst in SE Asia. Despite this no ftaa renewal. Smells fishy. Me believes the company pumped the tires in Dec20 to lift the share price to trigger big bonus payouts. Check out the agm circular p41:
Holmes: $350k bonus or 70% of base salary
McQueen: $180k bonus or 60% of base salary
Cadzow: $190k bonus or 50%
Almond: $160k bonus or 60%
Then check out p77. They attempted to bury their share price performance. I'll save you the time. They underperformed the two gold etfs by 200% each. I have lost in my investment what they have gained in bonuses. Imagine how much money large funds have lost in this investment hence the rumors for change. I guess we know the risks of investing.
2020 was a full year without Didipio. They have three other operations including one here in the US, pog over $2k and they had to raise money. Operations are the issues and have been for quite some time and yet the ops guy was made the ceo. Bravo board, bravo. You've earned your fees. Good thing they own no shares....