Don't mind the idea of perfomance rights, especially to Les who has being driving this mammoth project in PNG terrain. I do see that they are well paid and the performance rights are attached to termination.
I would have liked to have seen to the performance rights attached to a complete bankable feasibility study with a set IRR minimium to drive towards project realisation.
These resolutions maybe also some sort of protection for a takeover possibility of MGO (golden parachute), don't mind that either as I think it will be well justified at a reasonable offer price, but again I would would like to see it tighened up and spelt onto in the rights issue.
Just my thoughts... am I being mean?
MGO Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held