If what salty has calculated on 1 mill then the 50 tonner should bring in around
2 mill a week, that's around 6-8 mill a month if that comes to pass we won't
need a CR.
Harry
G'day Harry -Numbers seem big ? or do they see below for consideration.
What's also interesting that the top end of those calc's-8million !
The not so obvious ATT-$8,000,000 divided by current POG -in AU at $1,690.00
per OZ-& you get ?- 4,733 OZ per month-so what ? See highlighted area's below-pay's to read between the lines !
No complaints whatsoever from me -that's not the point is it all good !!!!!!!!!!!!!!
Especially being -Who -Why its Mr Richard Crew (COO)- the man that's
turned this baby around !
Also see T.O clause built in may be of some interest-highlighted below.
Remuneration of the Board and the Management team in Perth and Brazil will be
largely linked to the issue of performance rights (subject to ASX and shareholder approval)
with 3 milestones of production: A further 5,000-ounce milestone per month has been set for
Mr Richard Crew (COO).
The COO will be allocated a further incentive of an additional 10,000,000
Performance Rights if Cascavel is running at over 5,000 per month for
4 consecutive months for a combined total of 20,000 ounces over that
4-month period.
If Orinoco becomes a takeover target via a corporate transaction before
all or any of the milestones have been achieved, then the recipients of the performance rights will receive 100% of their allocated Performance Rights within 7 days.
• One third vesting when 1,000 ounces is achieved for 2 consecutive months from Cascavel
for a total of greater than 2,000 ounces over the 2-month period.
• One third vesting when 1,500 ounces is achieved for 2 consecutive months from Cascavel
for a total of greater than 3,000 ounces over the 2-month period.
• One third vesting when 2,000 ounces is achieved for 2 consecutive months from Cascavel
for a total of greater than 4,000 ounces over the 2-month period.
• A further 5,000-ounce milestone per month has been set for
Mr Richard Crew (COO).
The COO will be allocated a further incentive of an additional 10,000,000
Performance Rights if Cascavel is running at over 5,000 per month for
4 consecutive months for a combined total of 20,000 ounces over that
4-month period.
If Orinoco becomes a takeover target via a corporate transaction before
all or any of the milestones have been achieved, then the recipients of the performance
rights will receive 100% of their allocated Performance Rights within 7 days.
All performance rights will have an escrow period from date of issue, with half of
the shares issued on conversion of the rights being escrowed for 6 months and the remaining half
will be subject to a 12 months escrow period.
The Performance Rights will be issued as shares two months after each milestone is achieved.
Should the recipient voluntarily leave Orinoco and pursue other opportunities,
the unvested portion of those Performance Rights will be cancelled. The COO will be allocated a further incentive of an additional 10,000,000
Performance Rights if Cascavel is running at over 5,000 per month for
4 consecutive months for a combined total of 20,000 ounces over that
4-month period.
If Orinoco becomes a takeover target via a corporate transaction before
all or any of the milestones have been achieved, then the recipients of the
performance rights will receive 100% of their allocated Performance
Rights within 7 days of the announced transaction.
Another Coincidence who cares i'm all for sharing the pie !
