Look out below..... the paramo that is... Ouch - EOM just sliced in half. That won't cast a good shadow on Colombian miners but since we are in the "exempt" area hopefully won't affect us.
The one thing I did note in the sedar documents is the exec's are continuing to line their pockets even with only 2 news releases all year and a the share price in the sub-dollar area. The one thing that looked interesting is it looks like they are setting themseleves up with a golden parachute when the company does get bought out. Don't recall seeing this before so perhaps management knows the end is near and are lining their nest for the upcoming sale.
"If Mr. Hinchcliffe’s employment is terminated without cause at any time or in the event that Mr. Hinchcliffe voluntarily terminates his employment for any reason within twelve (12) months after a change of control (as defined therein) Galway shall pay a lump sum equal to three (3) times his base salary within 30 days of termination, a lump sum equal to three (3) times his most recent incentive bonus within 30 days of termination and 18 months continued medical coverage for himself and dependants equal to six (6) months of his base salary."