Sorry mate - didn't mean to be opaque with my points.
Firstly, I was simply highlighting how the Board appeared to have expected the offtakes to be "concluded" by Q4 2015 and then, without any explanation as to why it wasn't achieved, they quietly changed that expectation toQ42016 - finally reinforcing it in the 2016 Financial Report. (Being a year late I would have thought deserved an explanation?)
Secondly, Mr Claude Dufresne's expertise was lauded when he was brought onboard to achieve his sole goal - to secure offtake agreements by Q4 2015. I admit to having my tongue firmly entrenched in my cheek when I mentioned his "incentive package".
Actually, as an incentive package, I thought a "milestone date" (Q4 2015 sounds good!) would have been more compelling than "30 days of signing a memorandum....." which really puts Claude under no time pressure at all.
CXX Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held