In my opinion - if the management want performance rights - they should be aligned to what’s already on the table.
If they want 3 year performance options - they should have an exercise price of well over 20c.
It clearly is management to blame for the financial fumbles created so far (apart from the sidetrack) by poor and mismanaged cap-raises.
It’s time for the management to be accountable for previous actions with performance linked to real progression (not including the past regression post discovery)
If the vision for the company is as sound as what is been spruiked … then a 26-28c share price in 3 years should not be an issue and management should be happy to take options at this price … right ??
Or am I missing something here ?
It does seem a bit grubby that they want performance rights at @ 12c - especially when they didn’t personally buy into the last cap raise at that price.
Management need corporate incentives - I get that - it helps attract the right people - but the incentives need to be striving goals for real returns to the company and shareholders … not just for being part of a management team.
Anthony Albanese is also someone who promised a lot …..
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