SHN 4.55% 1.1¢ sunshine metals limited

Let's get back to the point, the directors are asking for a hell...

  1. 616 Posts.
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    Let's get back to the point, the directors are asking for a hell of a lot of "in the money" options for organising an opportunity for SHN to participate and we don't know how much it will cost SHN to get in. What's more, we're told the options must be given to the directors to stop the directors from leaving but if you read the paperwork closely you will see that they are not obliged to stay on, they can leave and sell those options anytime. Much too generous in my view. At the very least issuing the options must be conditional on the directors staying for an agreed period and if they leave they forfeit the options entirely.
 
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