RE: RE: RE: AME grants one million stock optionsIm as negative or more negative about AME than most but the reality is AME has to continue operating and changes/choices have to be made by directors/'mgmt
directors got rid of flucher which is I assume is what everyone wanted, I know I did
normally options are revoked when employment ends, I assume that will happen but I dont know for sure, fulcher had about 1 mill options, hopefully theyre now gone
excell was hired as the new CEO and started work last week, AME needed new corp mgmt with a positive reputation and an ability to create shareholder value over the next few yrs, its normal practice to give options to a CEO, I assume the 1 mill options went to excell
stronger more independent board (none left from 2003-2006 period except mcinnis who should also resign)
new corp mgmt
strong mining mgmt
no need for further dilution
fast track to production
low risk long life asset (but they only own 20% now)
I can justify a .75/share price once production starts based on 5X cash flow, now can they add additional value thru further deals with KGHM or non-KGHM projects, the right JVs could more than make up for the crappy deal they did for ajax?? but we wont know until they happen, mckeever is very positive about the future KGHM deals, excell and mckeever have a lot of experience working with large mining corps, maybe they understand the game??
change is what shareholders wanted, now its happening