Performance shares only get activated once they reach higher resource targets - share price will be higher then
Options - will need to get exercised. If they are indeed exercised, there will be more funds in their treasury and market cap will also have to be recalibrated.
Granted, they do hold 50% of with the LR Group but they have discovered a new phosphate deposit in Kanzi too.
Also, this should give investors an idea of who the Israeli based LR Group is and their connections with government and agriculture projects. The LR Group operates in various areas in Angola such as civil engineering, hotels and farming. These guys have built some major infrastructure projects in Angola and ingrained into the dynamics of this African nation's political system..
I am happy to have JV's with proven operators in these districts rather than swimming alone with the sharks.
