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Ann: Key Board Appointment, page-3

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The Whale1

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27/07/21

08:46

Post #: 54794429
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Originally posted by camban: ↑

High quality appointment, big value add! And just look at these targets for the award of his performance shares... Bullish!

...Subject to shareholder approval, Roger will receive the following Performance Shares:

Class A Performance Shares – 1,666,666
Upon the Company announcing to ASX completion of a positive scoping study in relation to the HyEnergy Zero Carbon Hydrogen Project (Project), to the reasonable satisfaction of the Independent Directors of the Company, as evidenced by a decision to proceed a prefeasibility study on the project, on or before 23 October 2022.

Class B Performance Shares – 1,666,667
Upon the Company announcing to ASX completion of a positive preliminary feasibility study in relation to the Project (PFS) which demonstrates a net present value for the Project of at least $500 million or with an internal rate of return of at least 25% (in each case using a 10% discount rate), on or before 23 October 2023.

Class C Performance Shares – 1,666,667
Upon the Company announcing that it has:
1. secured an offtake partner for a minimum of 30% of production proposed under the PFS; or
2. outright sale of the Project for a value of at least $100 million,on or before 23 October 2024.

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Outright sale of the project for at least $100M ... that surely isnt right?

$100M is pittance...

PRL Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
17 Upvote

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Ann: Key Board Appointment, page-3

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Ann: Key Board Appointment, page-3

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

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