Fire Bull - I have no problem with the performance rights - I WANT employees to be aligned to shareholders. If they make money - I make money. And for the issue to Dom, shareholders will get to vote.
You refer to the "high" cost of debt, but it is all relative. The thing I know is that the debt is significantly lower cost than equity, which until recently had an implied cost of over 30%. So 15% is not at all punitive - 30% is punitive.
Regards
Marv
DISCLOSURE: I hold heaps of CM8.
Ann: Appendix 3B - Performance Rights and Options, page-3
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