BML 5.81% 8.1¢ boab metals limited

Actually, you are cherry picking Noons salary for 2023 where he...

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    Actually, you are cherry picking Noons salary for 2023 where he and all other directors had performance rights vest due to meeting the DFS KPI.

    If you look at his remaining 4.4M performance rights which vest in 2027, the KPI's state that the BML share price must trade for a minimum of 10 business days equal to or above 50c for class A, 60c for class B and 70c for class C. Noting that the share price is sitting at single digits and a capital raise will heavily dilute the share structure, I would go out on a limb and suggest the odds of any directors receiving any of the performance rights listed below is so close to ZERO that they are irrelevant.

    Noons salary for the foreseeable future should be base salary plus super which is $360K unless they can come up with new performance rights with easier KPI's. Somehow, with the share price sitting below 10c I would think that directors would think twice before rewarding themselves with more performance rights.

    https://hotcopper.com.au/data/attachments/5653/5653092-11f0825e4138e440cf8c1ac1bb3da713.jpg

 
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