Silk Energy Ltd SLKEF

RE: NASTY

[millright]

Formula4, I don't consider LBE and ISM to be competitors either, but not because of market cap. However, the fact that they are not competitors does not mean thay shouldn't be compared. You say LBE has done the worst out of all its competitors based on market cap. That's not true, if you say competitors are producing Ni mining companies - there are few, but at least one has worse performance than LBE. The other thing that you might want to reconsider is your comment that a grant of options has anything to do with conviction. The grant of options is acceptance of a potential money making opportunity that costs nothing. Even exercising options [putting up some money] may not indicate conviction - if the exercise is just to get cheap shares and then sell them at a gain. If you want to assess conviction look at the number of insiders in ISM that have sold shares in 2007 [including the CEO], then compare to LBE where most of the transaction are insiders [including the CEO] buying shares. So the "one good thing" isn't really good at all. In fact, the extent to which ISM granted options is, in my opinion, very excessive. I'm not against compensation options being granted, but I'm against the abuse of the process - and in my opinion, the options dished out by ISM was way overboard.