They get $0 in stock if vwap isn’t reached Get $0 in stock if not producing 10k tonnes ore per month Get $0 in stock if not willing to pay the 2.5c/3.5c/4.5c to convert each option into a share.
If this is 5c vwap by Dec 2024, most won’t care about the 2,500,000 performance rights issued. If not >5c then board get nothing
if producing 10k ton ore a month, again most won’t care because that means funding has all come through & this has moved from spec to a producer.
No one will complain if board converts their opps by paying the strike price as a) more $ for company coffers & b) sp will be higher/options in the money for them to convert to heads.
they’ve made numerous mistakes & am happy to hear genuine critic. We can argue till end of earth about targets being low/high etc but have nothing against board doing well when its linked to sp appreciation & company progressing to a producer.
WWI Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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