Thanks fourbees, I reached a similar conclusion researching it over the weekend, except it enticed me to top up at 9.9c.
Reason being:
- incentivising key USA employees, hopefully therefore lower salaries required. This brings US staff more inline with the Perth office employee/shareholders who have plenty of skin in the game.
Annual results are being left to the last minute, which suggests will disappoint, but how much of this is already in the price?
Ann: Application for quotation of securities - 3DP, page-21
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