I didn’t even realise that the $2 performance hurdle was...

I didn’t even realise that the $2 performance hurdle was apparently met retrospectively at the time of the general meeting vote. Which in summary means Biggins made ~$1.3m for simply joining the the board. How is it possible to create performance rights that can vest before shareholders even vote on them?

Holders hoping that management are interested in ‘speed’ in terms of getting any of WR1’s deposits to production should be aware that none of biggins rights require indicated status on the JORC.

If management was serious about developing any of the deposits with haste, the performance rights would include hurdles requiring a particular JORC status as a hurdle. As it stands, this smells more like a plum retirement gig than a hands on directorship.

Interpret the performance rights any way you want but IMO it makes it look like holders can expect a wait and then an inferred JORC followed by another exceptionally long wait before they get anything to indicated.