88E 0.00% 0.3¢ 88 energy limited

Ann: Investor Presentation, page-19

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    In recent years
    vesting conditions have included
    share price performance (60 day VWAP) at between 50% -90%
    tenure of service
    resources
    production

    Nothing directly to do with wells or capital raises as far as I can see and every year (as this year) we see the rights lapse.
    But I am not defending anything, AG is already very well rewarded and proposed VWAP hurdle at 1c is too low imo


 
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