Lake Resources NL LLKKF

Wmc and sk on 10% each it is about 300 million dollars Aud
It the off take partner ont going to pay $1.2 let say today’s share price is $0.13
So it just about 40 million Aud and our project it cost 500 million and more.
So do you guys think DFS still be able to come out December ¿

I don’t think the DFS will come out this month , anyone who still remembers our off take partner sk on¿ I still remember the last conversation was saying $1 per share sk on going to own 10% lake resources shares, do you guys think it will happen ¿
If it is not going to happen what will lake share prices be

I. Feel like something may go wrong in this company, Ceo walk away and dump all share
Dispute with technology partner lilac, website suspended.

Now we know why Steve dump all he shares
Because he knows the project will be delay,

Luckily I sold last week,

Mr. Dickson had been the CEO since December 2013. He presided over the disastrous acquisition of CB&I in May 2018 for $4.1 billion. Cost overruns on some major projects led to a $2.1 billion write down in goodwill 7 months after acquisition. McDermott filed for bankruptcy in January 2020 and exited 6 months later, having eliminated $4.6 billion of debt.

In April 2021, a judge in the Southern District allowed a class action lawsuit against McDermott and Mr. Dickson to continue. The plaintiffs allege that CB&I hid $1 billion of cost overruns at the time of acquisition though Mr. Dickson told investors that McDermott had performed significant due diligence and priced in potential risks. You can read the judge’s opinion here.

Bonuses for Mr. Dickson

The company is now private so it does not have to disclose the terms of Mr. Dickson’s departure. When the company exited Chapter 11, it was obliged to negotiate a new severance and change-of-control agreement with the executive management team. Mr Dickson’s old contract would have paid 250% of his base salary of $1.1 million and target bonus.

When the company filed for bankruptcy in January 2020, the company filed an employee retention plan that suggested a target bonus for Mr. Dickson of $6.3 million in 2020 (max bonus could have been $12.6 million). Again as the company is private, we don’t know how much Mr. Dickson was paid. 3 months prior to filing, Mr Dickson was awarded $3.375 million in cash bonuses.

McDermott International CEO David Dickson to Resign
David Dickson recently led McDermott through a billion-dollar bankruptcy, which included a comprehensive balance sheet restructuring completed in June 2020.

Hart Energy Staff
Tue, 06/08/2021 - 01:10 PM
McDermott International Ltd. CEO David Dickson decided to resign, the Houston-based oilfield service company said in a release on June 7.

This is our new CEO?

Disappointed first sample Q4 2022
Interest rates 4.25% it may be more,
I guess the market doesn’t really like our new CEO, it showed up on the share price

Shut your trap Jonny. You weren’t with us when we were down so you aren’t with us when we are up.