Ann: North Stanmore Drilling Update, page-2

The performance rights seem pretty reasonable, just getting the first lot executed would mean a +50% gain from here (barring a huge dilutionary event) which gets a tick from me. Bit strange having consultants getting performance rights, anyone else seen this done before? You do see it for employees, but consultants are just contractors, in and out types. A fair few performance rights there, if the stated number goes to, say, 3 individual consultants, if something goes well for VTM potentially and it sneaks above $75m mcap (which could be wholly outside of the consultants scope of work), they each bag a $100k+ payday in VTM shares...

Also worth noting, a lot of VTMAO with less than two months to expiry well in the money. That's a whopping $2.6m to add to the coffers. If these options are held by directors (not sure?) then highly unlikely to see execution of these oppies to come with any selling pressure of heads to cover. Looks good for funding.