Resolution 8 - Give 5,000,000 free options to Jeremy Slater. Who is this guy and what has he done for Gulf Mines? And why do they want to give him 10 times more options than the Managing Director? I can't see any explanation for this ‘gift’.
Mentioning the Managing Director brings me to Resolution 9 - issue of 2,000,000 free options to Prema Capital. How come Smith is the only director excluded from voting when Reveleigh is clearly also a director of Prema? http://www.prema.net.au/about/
In any case, why are we giving Prema these free options? Haven't we paid them enough already for what they've done?
Some real corporate governance wouldn't go astray at Gulf.
GLM Price at posting:
9.0¢ Sentiment: None Disclosure: Held
