I don't think so. I think we've cut them a lot of slack.
It's been two years since they were initially supposed to have the Feasability out. It's been one year for their options being expired. They've been unable to hit their timeframes in even the slightest manner, why should they be rewarded for not hitting their deadlines? That's one of the biggest problems we have with the venture, but also large corporations. I don't think we should help the problem continue (being rewarded for not hitting deadlines or goals). If you get mad when big banks do it, why wouldn't you be mad when a company you invest in does the same thing? Especially when it directly effects YOUR bottom line.
I don't want people to confuse two distinct things - how I feel about management/money and how I feel about the stock/company as a whole. Management shouldn't be FURTHER rewarded because they failed to do what the incentive options were for (i.e. perform actions that would have the current share price above the incentive option price).
HOWEVER - they've done a great job in bringing us this far. Most companies don't get to where we are today (i.e. Positive BFS completed). I may be upset with management, but I do think that where the current price is - we're still a buy or at least a hold. I don't sell because we're worth more than we're trading and I do expect us to be boughtout soon.
What's upsetting is that one of the biggest reasons to buy was the timeframe and the urgency of it all (Teck clock, deadlines of BFS etc.) but that reason hasn't come to fruition. We're still in the play. Management never hit their goals, and so shouldn't be rewarded for it.
