‘Business until it isn’t’ needs addressing The above phrase is always posted on here. Sounds like a great line.
if it really is business until it's not, are people really happy with the lack of drilling, progression and results this year? I feel short changed on the lack of action on the field. Cynthia walking round with a pickaxe scraping mud back every now and then simply isn't good enough. There should be more drilling imo.
im sure the special committee will be mentioned, but they are on a 'no win no fee' basis so there is nothing for them to lose. Its not like Cynthia has taken a view to pay someone. She rarely pays anyone, it seems to be options, or results based. 'Very shrewd' I'm sure some would say. I would disagree. I think it's all a case of making things look like they are happening without having to pay. Is it possible to see what Cynthia draws (pays herself) from the company each year?
On the contrary, what I would say is that by not releasing any data, she seems to have zero intention of pushing the stock price higher. Maybe that's a good thing. Maybe she really doesn't care about the share price and knows that the buyout has zero correlation to the existing share price. I personally would disagree on that, despite supposedly having such high F&F. If the share price rose to say $3, I'm certain the % of F&F would decrease substantially. So maybe her plan is to keep more control by keeping SP low?