Current Market Cap $238MM CAD As a comparable, Kawa-1 ended up costing ~$183 MM CAD ($141MM USD).
As a comparable, CGX did a bridge loan with Frontera last October for $73 MM CAD (~$58MM USD) at a subscription price of $1.63. At the time, CGX market cap was worth ~$469 MM CAD... or in other words, CGX is worth almost 50% less today.
End of day, it really does not matter how many options all these senior management folks have. Yes, one could argue that their efforts and end goals are tied to their final payout. But let's be real... that actually would require these fools to have functioning brain steams and ability to make a deal happen. As comparables, look at how many coaches and GM's in professional sports blow glorious opportunities with generational talents at their disposals. Look at how many folks in life squander golden opportunities (jobs, marriages, life savings, etc) due to stupid moves. Guess my point is, these idiots in CGX and Frontera were literally gifted the geological basin of a lifetime and they are in essence piss*ng it down the tube. The current market cap and "strategic" moves over the past couple years truly do suggest they have no bloody clue what in the hell they are doing either. Truly a sad sight to see on countless fronts.