Pilbara Minerals Ord Shs T.PLS

RE:How Come I Own More Shares Than All The Senior Managers?

[seatleslim]

I agree 100% with respect to this issue. I think part of it may be an "eat your own cooking situation", but some of these guys simply don't have the wealth/capacity to buy/hold shares in PLS. The exception might be the Chairman who heads an investment bank, which is why I won't be voting for him next time around. You would think a guy like that would buy a few shares at, say, 1.25 CAD. I don't think it has much to do with his outlook for PLS (which likely lacks the insight of many posters here). Rather this are types that feel entitled and that he is doing PLS and the other boards he serves on a favor. Doesn't even ponder PLS as an investment opportunity and wouldn't be able to measure it if he did IMHO. This very issue is why I think the company is doomed to be sold. I believe that would happen at a much higher price, but maybe lower than if you had owner/managers involved. Unless I am missing something, the founder, who almost bankrupted the thing and holds no meaningful position, should clearly get off the board. None of this is to diminish the relevant people at PLS who have added real value. I happen to believe that Wilson is probably earnest, has made invaluable contributions an is a critical resource. The new president looks solid to me, but does a guy who's worked in the aggregates business as he has have a few million bucks laying around to buy shares no matter how cheap he might think it is?