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2.9¢ speciality metals international limited

Ann: Notice of General Meeting/Proxy Form, page-38

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speedyl

956 Posts.

1317

27/05/18

16:40

Post #: 33326249
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Originally posted by scottm ↑

Speedyl

I'm assuming you haven't contact the company as outlined in your post.

I contacted the company and asked why it had a value of $198,000.

The answer was as follows

The performance right value is a discount to the share price as there are hurdles to be met which have a risk, therefore a lower value. The accounting firm Hall Chadwick has assessed it.

This is only done for accounting purposes, it has no other benefit or disadvantage.

Russell doesn't pay for the performance rights and the company doesn't suffer any tax consequences for issuing them.

I hope this helps.

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Hi @scottm thanks for that. No I haven't had time to contact the company so appreciate you posting that. Cheers

SEI Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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