The performance rights issued and approved at general meeting were for the delivery of a positive Mt Thirsty Scoping study with hurdles in it.
The scoping study has NOT been deliveredand the four directors Chris Hansen, Mike Edwards, Glen Poole and James Croser took around 34 million unearned performance rights under director discretion to do so. Hansen took 13,250,000 exercised at $0.011 cents per share equals $145,300.00 the other three directors shared 20 million performance shares exercised at $0.011 cents per share equalling $220,000.00, the grand total taken by the four directors was around $365,000.00 for NOT NOT NOT delivering the positive scoping study.
This is a disgusting act by directors in my view, they should have used their discretion to cancel those performance rights at merger with Horizon, this is why Hansen has got to be removed from the board.
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