"Plenty of free shares and nothing else?", your say.
Did you read the conditions in the AGM meeting at the end of May?
I presume not.
They only get these shares if the following conditions are met:
The Performance Rights will vest as follows:
(i) Class A: the Company entering into a binding agreement with a third party to finance its
litigation costs in respect of its arbitration or other proceedings against the governments
of Greenland and Denmark in respect of the Kvanefjeld Project
(ii) Class B: an increase of at least 20% in the size of the Mineral Resources in accordance with
the JORC Code 2021 at the Kvanefjeld Project or any other Company project; and
(iii) Class C: favourable completion of the arbitration against the governments of Greenland
and Denmark resulting in either the award of an exploitation licence for the Kvanefjeld
Project or of compensation to the Company; and
(iv) Class D: the Volume Weighted Average Price over a period of 20 consecutive Trading Days
on which trades in the Company’s shares are recorded on ASX (20 day VWAP) being at
least $0.15.
You will see that these conditions align with the interests of shareholders. So I hope the directors are able to meet these conditions and get their shares.
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