I'm fine with it. 5m shares would be worth 250k at current prices. 5m options @ 7.5c worth say 125k.
The company needs a boost of entrepreneurship and I don't view this as excessive. We'd all like the price to be higher than it is right now, but its not, question is how to get it there (apart from ramping on HC).
Fact is though the Fe and P projects are basically dead, the PGE could be OK but we only have 30% and the gold is very much an open question. I don't think the co has done anything wrong but the risk is JR becomes disinterested and then we are left with a shell worth very little.
I don't have a problem with others disagreeing with me. That is shareholder democracy.
POZ Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
