RXM rex minerals limited

Ann: Rex enters a A$393M Scheme Implementation Deed with MACH, page-79

  1. 1 Posts.
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    In reading the announcement, d (ii) it mentions consideration rights. I went back to their previous announcements to see what this refers to (2019 Hog Ranch acquisition). Looks like the board and management will receive 15,000,000 consideration rights converted to shares if they decide to mine or do a deal on Hog Ranch before end of October. That is almost $7.5 million dollars going to insiders if they push a deal through such as this that includes Hog Ranch. Timing coincidence??????. Unbelievable that they buried this. How can the board vote without conflict and not disclose this on page 1? They would be willing to push any sale through before this date just to get their payout, they have no incentive to develop Hillside or retain the Hog.
    Last edited by cliffwalker: 09/07/24
 
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