just remember we get diluted with further issues not the...

just remember we get diluted with further issues not the directors. You can assume all sorts of different scenarios of how we get to $2 and what it will look like in terms of shares issued. But right now this performance scheme is worth over $3m in option premium ( in the document) against a market cap of $13m. It may be ok to you but how will institutions look at it ? if you want to get to $2 you need institutional support & this incentive scheme could be their poison pill. This will stand out like dogs balls to them because of its size and scale.

I think these guys have done a great job to this point and I am not against performance schemes. I have supported Torian in every post I have ever made - check out my history. But this resolution shouldn't have been tied to the Cascade transaction. It needs metrics so that shareholders can get a better understanding and should be introduced at a more appropriate time

Most mining companies create schemes based on gold production, performance v peers etc - not solely the share price. The share price could go to 50 cents because of the gold price - then we see shares convert into $1m each worth of stock for directors. And then if gold price falls again ?? and takes with it the share price - remember these are 5 year performance options with no claw backs. These options could go in and out of the money all the time given how illiquid the stock is - hardly a benchmark for outperformance .

Of course we'll all be happy should the share price get to $2 - but this is a corporate governance issue that could work against the company in the future. The resolution should be withdrawn & restructured with transparent metrics beyond the share price.