For our great leader the offer should be 8000 euros per month and about 10000 in stock each month.
Their salaries is still unjustifiable, they brought company to its knees and their deliverable are nill. The best option for them to take minimal salaries and offer remaining salary in shares; as our great leaders always said lot about barryroe and 5quid was abysmal. If there salaries linked to stock they will feel the pinch as what other shareholders going through.
Their salaries is still unjustifiable, they brought the company to it
Jimmy mentioned about appraisal well when stock crushed to 25p and not before that
Let me be practical Regarding Providence High Salaries which is destructive in current environment. Very Bad management, they talk big. What they spoke haven't kept this got reflected in stock price. Debt should be focused at. Need to Improve transperancy in operations. If there is no fire there won't be any smoke, why did few companies were near to sign off the deal. Management is not fast enough they drag negotiations with high expectations resulted time to tide against our great leader, he been beaten to bone and got caught in the storm. Regarding Jimmy Doesn't hold any stock. Why is he keen on Providence so much. His views are repetative, and been countered many times. Management can't buy when discussions happening, let him provide evidence that directors can buy when negotiations are underway. Company has debt, earlier when Market capitalisation high this was meagre but the company got caught in the oil price storm and unlept work resulted price decimation. Cleverly providing acceptable views, so that negativity persists. People been crushed with such low price and he is still commenting there is no value left. Is he advising to throw the shares at this decimated price. Who will be the beneficieries. Why did big boys bet on Atlantic margin, won't providence also has stake there. Being said all this, I used highly acknoledge Jimmy earlier but seeing receintly sinister motives as well. However, shouldn't let company to go-away as they did this mess and shouldn't allow someone to encash at the same time. It's time to push company for answers i.e. salaries to start with Immediately.
Haribo, good point even i challenged once but the reply was they were under negotiations. it would be ideal if someone pose this question to the company regatding close period
Jimmy, fyi management is keen to buy stock but they are not eligible. Since you are very much concerned about us rather than spending time you liase with LSE and alter the rules, once you able to acheive this get back to us with hard evidence, we promise you management will dip there toes into the stock. Hope you will be busy in reaching this objective and will be waiting eagerly when that will arrive
management has briefed many times if farmout negotiations are underway as per stock exchange rules none of the directors are eligible to buy shares in open market due to insider information. regarding debt, i should say most companies have debt to run the show. thete are many companies operating in north sea itself whose debt levels are way beyond providence and why dont you go and enlighten the people on those bill boards. Current management salaries are high which is not acceptable in current environment should be challenged. Jimmy thank you again to enlighten us for all these while please look at other companies whose debt is way beyond n they are at cliff. you should be the saviour for those first before coming here
Still there is no find it's a hope we are standing on
Hi Spuddy, might be Exxon shown interest after massive finds near Canada during late 2013, might be there log data in previous drill would have helped them to retry at Irish offshore. Providence best option is takeover they have taken enough time; regarding Indian company I doubt would have interested to allocate blocks to them the competitors who got are big boys