I believe shareholders are only going to hear positive news after directors get their remunaration in shares at 1.1c (last cr was at 1.9c)
They are going to get paid double for their services in the end.
That's the game.
The real motivation is that Chris is going to get paid at 2.5c and 3.5c
Thus we can believe company is going to have market cap of $30M by year end? Which is not hard at all with gold at $3700
Chris’ remuneration comprises NED fees of $36,000pa and an offer of 23,750,000Performance Rights in two equal tranches under the terms of the Company’s 2023Employee Incentive Securities Plan.Tranche A 11,875,000 Performance Rights vest and are convertible to fully paid sharesupon the Company achieving a 20 day VWAP of not less than $0.025 with a term expiringon 30 April 2026.Tranche B 11,875,000 Performance Rights vest and are convertible tofully paid shares upon the Company achieving a 20 day VWAP of not less than $0.035 witha term expiring on 30 April 2027.
LCL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
