I would be suspicious too except in order to receive the class A performance rights part (b) has to be executed as well. So far, to my surprise, management has done exactly what they said they would do on time. Which adds value, good faith, and increases the probability that the BINDING farm in execution will happen according to their self-imposed timeline before June 30th.
Performance Rights
Project Milestone
Share Price Milestone
1 Class A
(a) The Company announcing the execution of the Non-Binding Farm-in Agreement on or before 31 December 2020; and
(b) the Binding Farm-in Agreement, having been executed, becomes unconditional on or before 30 June 2021.
The Company achieving a VWAP of at least $0.045 over any twenty consecutive trading day period before 31 December 2020.
2 Class B
The Company achieving the grant of the Extension Application on or before 31 December 2020.
The Company achieving a VWAP of at least $0.045 over any twenty consecutive trading day period before 31 December 2020.
Where:
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- ASX - By Stock
- Ann: Invictus Receives Non-Binding Farm-In Offer
I would be suspicious too except in order to receive the class A...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 160000 | 6.2¢ |
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Price($) | Vol. | No. |
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6.3¢ | 147648 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 160000 | 0.062 |
4 | 741332 | 0.060 |
3 | 900000 | 0.059 |
4 | 399842 | 0.058 |
2 | 25500 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 147648 | 2 |
0.064 | 839531 | 4 |
0.065 | 693000 | 5 |
0.066 | 965000 | 3 |
0.067 | 956665 | 4 |
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