My view on Mt Thirsty scoping study is that not enough drilling has been done to support the financial metrics that the CEO of Greenstone Chris Hansen was managing and he botched the financial aspect of the study with ASIC and the ASX.
But he wants a reward by way of 17,125,000 performance rights that have not meet the hurdle.
Ann: Extension of Pro-Rata Non-Renounceable Rights Offer, page-7
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