150,000/year
Anyone who thinks that's alot of money clearly has not made the most of this last crash. Furthermore if you are willing to be the CEO of a company, even one as small as this one and you are willing to work for less, and put up with the personal attacks of many because of world occurences than I would not be interested in investing in this company.
Thanks for the research, I think I will buy some more. Nickel be 12 bucks again. Trucks roll in a few weeks. By august the coffers will be full. If this company can make FCF of 6 million (which is the number I get at todays metal prices) than the stock price can't help but be 30 cents or 3 times FCF.
But we shall see. Whilst everyone is complaining is there anyone on this board who could have said something that management has done wrong since January when I came aboard? (The update was not very good, but I am guessing that there isn't much to update when they were just hauling pre crushed ore). Otherwise RS has acted on a deal with XSTRATA, signed us up for secured line of credit at 5% instead of diluting, initiated drilling at Nickel Offsets, closed a small PP at 20% higher than the stock price right now, gotten back to all my emails, and watched the price of nickel increase 40%. But the update was very much under promising. I like companies that underpromise.
The market is telling a strong story here. It is giving no credit at all to this company as tickle says. Show me the money is the stance. Fair enough.
Where is the downside on this stock? 52 week low is 8 cents when Nickle was 7 dollars and Xstrata was on strike. Meantime much has changed. I can't say the market makes sense. I feel bad for the folks that sold me GE for 6 dollars or the folks that sold me TCK.B for 4.13. It's a wild ride, but for this company my gut has never told me so much and I am listening.
Good luck to all, and Tickle I would like to ask you why you personally attack RS when you still hold shares in his company? I think your financial brain is in the right place hanging on, but to bash the shares you hold seems to tell me that you are coming from a place of hurt and pain. Never a good place to come from.
I for one would like to see any suggestions that any board members would have to improve this companies SP. There are no problems only solutions. Good luck to all.