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22/07/14
13:48
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Originally posted by Early1
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I think you need to read Philley's points 3 and 4 together. There are over 2000 public listed companies on the ASX and out of them, you would probably find most CEOs/MDs are all looking after themselves. IMO, Ralph is one of the exceptions. Of course, he is making sure that his company is successful and in doing so will also set himself up for life, yet I think Ralph listens to his shareholders and acts in their best interest.
Although criticised by a certain someone here about that recent loan, it was the best thing he could have done. Setting up a loan, charging minimal rates and having a conversion price considerably higher than the share price, if needed, speaks volumes about him and the board. Imagine what another issue would have done to the share price.
And I can say, the relationship with Snow Peak is just as friendly. Both the board and our cornerstone investor could have screwed us over already, yet there are millions to be made here and they are more than willing to share. (Although, you could be slightly cynical and suggest that they are just building long-term relationships for future generations).
Anyway, I have a question for everyone...
What percentage of spot price do you all think we would get for our product? If you think lead, zinc and copper would all have different percentages, please let me know that too.
Cheers.
PS - The Bodge, if you don't ask you won't receive. (Although it is a whole day trip, and that's just to see the Mt Garnet plant, and there are also safety constraints given that the mines are working. Perhaps Google Earth could give just as much detail without the bother of the drive.)
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Early1
Yep the invitation extended and 13 steps to the noose.
I feel I need to add 3.5 times more shares to be on the same boat as before the new MOU and at what is price is value? Are the directors right in taking .10 cents, is Ralph right in taking .07 cent should the loan go ahead or do I discount it down again and say .03 cents can't do it yet!
details details details
Yes we could do with some!
guess or wisdom
Wisdom - The quality of being prudent and sensible. Should we wait for detail!