Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Jubilee Platinum (JLP) has announced “increased throughput capacity together with operational control of the ASA project” and updated on “satisfactory” progress across its chrome processing development and operations.
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Comments
Andy
There is a meeting next week about share options. A whole chunk will be granted to directors which they can exercise at 1p per share. The remaining 75% can be exercised at the current share price. This will increase the shares in issue by 10% once/if options are exercised if I am correct…
I consider this to be greedy and not aligned to share holders interests.
What I would like them to do is issue options at 5p which can be exercised within 2 years. Now wouldn’t that give us more confidence? The current plan is a no lose scenario. Nice work if you can get it….
Andy