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Ann: High Grade Lithium Results at Yinnetharra, page-72

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Snowy84

1,982 Posts.

394

05/07/23

22:48

Post #: 68643123
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Originally posted by TheArchitect: ↑

Paid in performance shares just like every other mining company.

Their Class B shares require a market cap of at least $50m to be traded over 20 consecutive days.

Not sure if it's traded over 20 consecutive days over $25m as yet, might be just over but haven't gone to count the actual days but would be close if it hasn't.

They each were paid $27,000 worth of shares, that's hardly anything and $18,000 of that isn't even taxed yet if that was their only income.

At most 9m shares total with the $25m market cap, but I look forward to trading 20 consecutive days over a $50m market cap, which would mean the share price will be trading at minimum around 1.8c-2.1c for 20 days consecutively, if it drops below that market cap even a day it would reset the count to zero.

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once issued is there an Escrow on them as the company normally has a 6 month policy? I can’t recall.

RR1 Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $9.618M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$3.312K	301.1K

Buyers (Bids)

No.	Vol.	Price($)
5	1460118	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	580000	2

View Market Depth

No.	Vol.	Price($)
5	1460118	0.011
12	3016884	0.010
6	2797992	0.009
5	1079950	0.008
6	4035849	0.007

Price($)	Vol.	No.
0.012	580000	2
0.013	213334	2
0.014	132000	2
0.015	784278	4
0.016	1264286	2

Last trade - 16.10pm 17/10/2024 (20 minute delay)

RR1 (ASX) Chart

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