As far as I could tell from reading schedule 2 regarding the "performance rights" - There are no listed performance indicators and the board has sole discretion to set the criteria on whether to pay (themselves) the performance rights.
So that makes it an automatic 'Against' imho.
We are talking about 51 MILLION shares in our company.
I also notice the "performance" rights automatically vest if there is a merger or takeover bid. Again that makes it an 'Against' imho - I don't want to incentivise a cheap takeover.
It's not like I think anyone is going a bad job. Things are progressing nicely and it may prove to be a company making year. But I don't like to hand over my property with no visible conditions either.
How about some clear goals to achieve? Locate and drill to JORC standards a further deposit of X number of tons?
Achieve SP growth of Y within a certain time frame?
Obtain a BOA for Z number of tons of copper per year?
Thoughts?
All the above IMO as a small investor who is learning how these things go.
MOD Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held