Nah not correct.
Melissa (CFO) has until 14/9/24 to convert the options to shares at $2.16 per exercise price. A condition of this is the company needs to execute binding documentation for commercial financing of the development of the Vittangi Anode Project of a production scale of at least that disclosed in the detailed feasibility study by 30/11/23.
She would be be better off buying shares on the open market today if she believed the company would be worth more than $2.16 by 14/9/24.
It ties her performance to a strong share price in the future. Good for holders.
Ann: Notification regarding unquoted securities - TLG, page-28
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $158.6M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 37.0¢ | $165.5K | 441.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 63848 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 3115 | 5 |
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| Last trade - 13.04pm 10/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |