Nah not correct.
Melissa (CFO) has until 14/9/24 to convert the options to shares at $2.16 per exercise price. A condition of this is the company needs to execute binding documentation for commercial financing of the development of the Vittangi Anode Project of a production scale of at least that disclosed in the detailed feasibility study by 30/11/23.
She would be be better off buying shares on the open market today if she believed the company would be worth more than $2.16 by 14/9/24.
It ties her performance to a strong share price in the future. Good for holders.
Ann: Notification regarding unquoted securities - TLG, page-28
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Mkt cap ! $163.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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