TVN 1.47% 6.7¢ tivan limited

PB's remuneration, page-42

  1. 1,686 Posts.
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    I will be voting yes for all propositions.
    The last 12 months have delivered significant value in my opinion, primarliy with a bankable DFS on a shoestring, successful TIVAN pilot and binding take-or-pay offtake agreement with very favourable terms.

    Sure, I would have preferred that the options were tiered with either higher strike prices or shorter term to expiry, but it's not going to be the difference between me supporting the board or not.
    Given where we are in the project, and what I believe to be a very real possibility of the project being financed with minimal dilution, the board have earnt a golden parachute - now is the time to put that in place.

    If there's a legitimate tilt to block remuneration for the board, or cause a spill, I'll probably sell. Shareholders going after the throat of a long-term MD with their heart and soul in the project, and so many parties at the table would affect negotiations IMO.
    If you're not happy with the boards performance, then voice the issue or sell.
    If you're only unhappy with remuneration and are concerned about being diluted by options issues, then have a look at your own greed - and check out the comparison chart of TNG vs All Ords over the last 12 months.
 
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