Why bother buying ATP if there is a massive amount of scrap types available, and they still got to lease the bloody shredder :
Incentive i suppose : )
Australian Tyre Processors Pty Ltd
ABN Status:
Active from 17 Jan 2018.
Hmmm, his new fund raise is only almost enough to feed the 2 directors short term going by the sums : (
Appears to me this deal will trigger the 2 directors yet another KPI, like 50% of there "Medium Term Incentive" Plan that being $250k cash Each. lol.. Gawd, over the $300k Each there paid to do the job + the $10 per ton processed from the TDUs both receive . Queensland premisses rent
$292k plus gst.
The maximum MTI amount payable to both directors from the commencement of services contract to its 3 year anniversary is $450.000. The following KPS must be met in order for Gary and Andrew to have an entitlement under the MTI payment.
(1) Securing a long term contract or agreement exceeding 5years for feedstock in excess of 50,000 tonnes per annum ( this will entitle them to 50% of the MTI payment in accordance with the terms of service contract )
(2)
PG1 Price at posting:
15.0¢ Sentiment: None Disclosure: Held