Stavely Minerals Ord Shs T.SVY

Director Options

[OilBetaPro]

This stock is ridiculously cheap.  I decided to review the insider trades of Board members to see if they agree.  First, none have acquired.  Not a bad decision given how the shares have performed, but does not say a lot about their belief in or commitment to the company.  Second, all of the director option have vanished, which means they have been cancelled.  Either this is window dressing to downplay the degree of decrease in share price under their guidance, and the former management team of course, or they are planning on effecting a re-pricing later in the year.  I suspect the latter, and given the number of issuable options, I expect a highly dilutive issuance into their pockets at low low exercise prices.  This needs to be monitored and the OSC and proxy advisors advised if they do it.

the lack of disclosure from this company is deplorable.