Afternoon All,
I finally got a chance to read the announcement and i'm going to be voting all in favour.
Key take aways are:
*$0.45 incentive options,
*Rob is asking for 6,000,000 shares performance metrics to be completed over 3.7 years (not bad if you ask me)
*The 60% fe that every one is jumping up and down about, i'm willing to bet Rob and the board has worked out that this is economical and there must be a project out there somewhere to include it, otherwise he wouldn't be bothered wasting his time in getting these performance hurdles added, remember we are now running part of our fleet with 4 bin trailers so it must be more economical.
* we are still to see the plan unfold with Maltham and he did tip his own money into this company, so this is a yes from me, and noting the
below
Key wording here strategic objectives wink wink nudge nudge. (for those of you who voted against him, my thing would be for you to do more research) i have posted my thoughts on this and wont be repeating myself.
* for those of you who have a beef with Rob and selling his shares to fund a property purchase which he is entitled to do, I hate to be the bearer of bad news but prepare for more of the same selling down his shares (personally) before end of financial year 2022 and the lingo will most likely read for Tax obligations, wink wink nudge nudge.
And 1 final 1, after everything this board and Rob have done with a history of delivering, why on earth would you want to upset the apple cart and not give the board what they are asking?
If they didn't deliver i could understand and i too would be more critical, but the fact is they really haven't put much of a foot wrong.
Looks like the SCN J/V is still a while away, signs point here to no one at SCN taking charge of the J/V deal and reporting to FEX, hence BB being thrown into the position of chairwoman, perhaps now SCN has someone skilled enough to get the Native title and environmental heritage rights sign off so they can get the drilling program going.
Anyway thats my thoughts on the matter and this board deserves to be rewarded.
Rooks
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- Ann: Notice of Annual General Meeting/Proxy Form
Ann: Notice of Annual General Meeting/Proxy Form, page-33
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