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Not sure how the incentive scheme can treat both directors...

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Mirrors122

119 Posts.

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28/03/17

14:07

Post #: 23678679
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Originally posted by bitzer ↑

Hi Mirrors
I've had a closer look at it , thanks
To assume that no more shares will be issued, before those milestones are achieved, is a flawed assumption imho
As you are aware the incentive shares are issued as each milestone is achieved. There is no way in hell they will ever hit those milestones without drilling a shed load of holes and drilling costs big $$$
Having said that I would scrap the 25c bonus if it were up to me coz that's just getting it back to fair value ATM imo but i'm not gonna throw the baby out with the bathwater
I am satisfied that what is being proposed doesn't equate to the numbers you provided in the above post.

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Not sure how the incentive scheme can treat both directors equally - only one of them is full time in Matt Sullivan

TNR Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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