Proforma the deal, will MQL's high salaries remain the same? What frustrates me with MQL is the directors' salaries. Why do MQL's directors receive such high salaries although MQL is a junior producer with high debt?
For reference, Point Loma Resources (PLX) (former First Mountain Exploration) is a new junior producer that drills the same formations (Glauconite, Mannville) like MQL. But PLX's directors receive shares instead of cash.
And on top of that, PLX will boost its production from 450 boepd today to 850 boepd by Q4.
So I bought some PLX shares a few weeks ago. Through PLX, I get access to the same prolific formations in Alberta without MQL's high debt and irrationally high salaries...