RE: Santa gifts - another viewpointTwenty million share options were way too many securities to create. At best a fifth of that should have been considered. I only hope salaries are adjusted in light of total pay packages. The directors should be wearing a lot of the blame for the past events and giving them 500,000 share options again is questionable as they already had that number at higher prices.
The dilutive inducement warrants are a travesty in a $1200.00 per oz. gold world. and need to be resisted with all our energy.
Having said all that if the options were to create $80M of value for the guy fixing the mill et al I wouldn't shed a tear because we'd all be seeing $20 a share too..