RR1 9.09% 1.2¢ reach resources limited

Ann: High Grade Lithium Results at Yinnetharra, page-70

  1. 6,439 Posts.
    lightbulb Created with Sketch. 1703
    Paid in performance shares just like every other mining company.

    Their Class B shares require a market cap of at least $50m to be traded over 20 consecutive days.

    Not sure if it's traded over 20 consecutive days over $25m as yet, might be just over but haven't gone to count the actual days but would be close if it hasn't.

    They each were paid $27,000 worth of shares, that's hardly anything and $18,000 of that isn't even taxed yet if that was their only income.

    At most 9m shares total with the $25m market cap, but I look forward to trading 20 consecutive days over a $50m market cap, which would mean the share price will be trading at minimum around 1.8c-2.1c for 20 days consecutively, if it drops below that market cap even a day it would reset the count to zero.
    https://hotcopper.com.au/data/attachments/5404/5404568-dd5d72c3c05e3662c7dcdf0946933e7d.jpg

 
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1.2¢
Change
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Mkt cap ! $10.49M
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1.1¢ 1.2¢ 1.1¢ $1.237K 111.4K

Buyers (Bids)

No. Vol. Price($)
6 1680000 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 379892 4
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