Leyshon Resources Share Discussion Threads

[wiseacre] 26/2/2014 14:11

I believe an asset has been lined up to reverse into the company and we should know very soon. It's been in the pipeline long enough. Must be a good punt

[sirraman] 18/2/2014 11:16

let's hope Mr Nolan starts delivering soon.....!

[guppys] 18/2/2014 09:26

L E Y S H O N R E S O U R C E S





18 February 2014





MANAGING DIRECTOR'S TERMS OF EMPLOYMENT



The Board of Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") announces the material terms of the employment agreement with Mr Corey Nolan who was appointed to the position of Managing Director on 14 February 2014:



· An annual base salary of A$200,000 plus employer superannuation contributions

· The agreement is for no fixed term

· An annual Short Term Incentive (STI) bonus scheme of up to 50% of base salary to be based on achievement of specific performance targets to be agreed between the Company and Mr Nolan.

· An annual Long Term Incentive (LTI) entitlement to be based on achievement of specific performance targets to be agreed between the Company and Mr Nolan.

· If Mr Nolan's contract is terminated, other than for neglect of duty or gross misconduct, then the Company shall pay to Mr Nolan a Termination Payment of six months of base salary. In the event that the Termination Payment exceeds the amount calculated in accordance with section 200F of the Corporations Act or Chapter 10.19 of the ASX Listing Rules, then the Termination Payment will be reduced by such amount as is necessary so as to not exceed the amount permitted.

[sirraman] 16/2/2014 20:15

Yep....unless Mr Nolan who has taken over actually brings a a new dynamic strategy and plans to move the company forward...imo

[vikingwarrier] 16/2/2014 19:02

So is this $3m cash just going to be used for management salaries until its all gone?

[sirraman] 15/2/2014 13:00

Maybe we will have a deal in pipeline by April then ? The new guy seems to have the right credentials...and may seek out a value-add producing asset looking for a listing?

So maybe we shall see this recover much sooner than later...?

Sirra

Sirra

[rvsy38] 15/2/2014 08:13

We are all in for the long haul so the endless speculation on this thread is a waste of time. LRL is ASX listed so they have to report every quarter and the only certainty is that we will get an activities report around the end of April (also under ASX rules they can't carry on indefinitely as a cash shell).

[wordog] 15/2/2014 06:32

Julys a bit pessimistic useless, although you have good reason to be. April is when it will kick off.

[useless23] 14/2/2014 10:34

I'm not expecting any meaningful news until july.

[sirraman] 14/2/2014 10:03

Mr Nolan seems to have the experience in mergers etc so maybe we will see some action now at this company. Lets hope he is a dynamic guy only aged 41 with some deals up his sleeve already ... else we will continue languishing at this share price whilst the limited cash is burnt up in salaries.

See what Mr Nolan brings to the party in then next few weeks...at last some news here.

Sirra

[edward3] 14/2/2014 09:23

RNS out...

Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") is pleased to advise changes to the board with immediate effect, including the appointment of Mr Corey Nolan as Managing Director, replacing Mr Paul Atherley, who will remain as a Non-Executive Director.

[robinson73] 14/2/2014 07:56

About time.

o/t keep your eyes on KDR today. Huge volumes recently.

News at the end of the month

Talk of a JV with rio tinto

the CEO recently bought £470k worth of shares shortly after saying this.

"During the last 18 months the Company has made a number of positive discoveries in Finland that lead us to believe that there is a very strong possibility of successfully achieving our aim of discovering a major diamondiferous pipe.

[upthediff] 14/2/2014 05:40

News on ASX for LRL...Move aside Mr Atherley.....

[tracy_moore] 13/2/2014 17:26

What are you doing Bulls, just out of interest ?.

[ff2345] 13/2/2014 16:22

Agreed: not sure now what the point of this company is? It has a non-commercial asset and that's it. Looks like they hope that someone, someday, will want to buy it. So it is "on ice".

They should be ashamed.

[bullsvbears] 13/2/2014 15:48

Looks like folk are doing just that (the latter.....).

[pro_s2009] 13/2/2014 14:44

What a stunning chart..................what a stunning(ly bad) stock.

[wordog] 13/2/2014 13:07

Either stop whining or sell up.

[sirraman] 13/2/2014 09:46

well they have already added another few directors at LEN and will be adding some here....gotta spend the dwindling cash somehow ;o))

[yajnas01] 13/2/2014 01:58

brilliant - so this is a pointless share... how does the demerger help anyone.

[sirraman] 12/2/2014 18:58

yeh...but what's he been doing last few months....surely not twiddling his tie...??

[rvsy38] 12/2/2014 14:21

Useless23 and others

We have just had the quarterly report for the last period so what more do you expect the company to say right now ?

The report said they are in active discussion with a potential new MD, they have approx. US$ 3 million cash and are reviewing JV and acquisition opportunities.

Their non Executive Chairman Richard Seville ( a mining geologist from the Royal School of MInes )has been on the board for about 7 years and if you were to Google him you will see he has a great track record.

[useless23] 12/2/2014 13:56

More investors alienated. People do have memories. Once bitten twice shy.