LRS 3.95% 19.8¢ latin resources limited

Ann: Notice of Annual General Meeting/Proxy Form, page-2

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  1. 1,369 Posts.
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    Well well well nice to be a director of LRS

    Remuneration Current 2022
    Pablo Tarantini: $96,000 $174,884
    David Vilensky: $102,000 $258,206
    Peter Oliver: $96,000 $33,2294
    Chris Gale: $500,000 $1,514,635
    Brent Jones: $96,000 $210,322

    Brent, Peter, David & Pablo to receive incentive rights of 3,000,000 shares for each tranche as per below to a max of 9,000,000 each
    I don't have a problem with this albeit 1,000,000 shares per tranche would suffice, but I do think CG at 37,000,000m is taking the piss!!
    If our Cap hits $1b x 30 days that's a bonus of 40c a share a cool $4m for CG plus the other 27m shares if he doesn't sell some along the way.

    Chris Gale:
    (i) 9,000,000 Performance Incentive Rights vest upon the confirmation of a minimum of 40 million tonneinferred JORC
    Resource for the Company’s lithium project in Brazil;
    (ii) 9,000,000 Performance Incentive Rights vest upon the confirmation of a minimum of 60 million tonneinferred JORC
    Resource for the LRS Brazil Lithium Project;
    (iii) 9,000,000 Performance Incentive Rights vest upon the confirmation of a minimum of 80 million tonne inferred JORC
    Resource for the Company’s lithium project in Brazil; and
    (iv) 10,000,000 Performance Incentive Rights vest if the market capitalisation of the Company reaches A$1 billion for a continuous period of 30 days.
    Seriously what a joke!!.....Oh and that's inferred JORC, there should also be a minimum Li percentage of at least 1.2

    Ok rant over time for a whisky. Greedy F..K!



 
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19.8¢
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19.0¢ 19.8¢ 19.0¢ $212.4K 1.090M

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