Stock Option GrantI agree with firecracker74 here.
From the news release: "Such options are subject to the terms and conditions of the Plan, certain vesting provisions, and the policies of the Exchange." Correct me if I am wrong, but the aforementioned Plan was previously approved by Shareholders. Any new Plan will need to be approved at the upcoming Shareholders' Meeting on June 23, 2011...shareholders can and should cast their vote (on any new Plan) at that time.
If Steve Long was the recipient of the Grant, I too support it...this is a standard option grant that is common in the mining industry. 1 000 000 options? A good incentive and/or recruitment tool for a Chief Operating Officer and Mine Manager with experience: "Steve’s vast experience in underground mining in various senior management roles over a 33 year career, most recently with Newmont Mining Corporation in Elko, Nevada and previously with Barrick, Echo Bay and Homestake Mining will be a most welcome addition to the management of the Company. Steve will be based in Wallace, Idaho at the Galena mine."
I believe we are lucky to have someone like Steve on our team. He now has a vested interest in US Silver. If Steve benefits with an increase in share price, so would all shareholders.
nor'easter