PIR 0.00% $1.49 papillon resources limited

trading halt, page-32

  1. 1,663 Posts.
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    Wonder what's going to happen with the ~5m performance rights? They have milestones like DFS, Construction and Production ... I guess they will find a way to pay them out.

    ~14m unlisted options, which will likely be given to PIR management ... great pay day coming up for them.

    Even though the signs are there for taking this to production, there were also signs indicating the opposite like ~8 month delay from PFS to DFS to find 'savings', the adoption of a new constitution at recent AGM since the previous attempt 1-2 years ago got knocked back, and the exercise of 100k's unlisted options months before expiry so far this year.

    A premium resource deserves a premium value ... lets hope this eventuates for holders.

    GL to us all.
 
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Currently unlisted public company.

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