Ann: Issue of Employee Securities & Appendix 3G, page-6

I do note this is a change of tact from their previous remuneration granting of performance right options etc.
Milos was granted 4m based on key targets like rupice exploitation license being granted by a defined date.
Which obviously expired worthless.

These grants have a longer tenure and I can’t see any specific targets or work that must be completed.
They are generally incentivised to maximise the value of their grants by getting the SP higher. Where as Milos was specifically incentivised to meet SP and Value promoting targets.
One fear with generally incentivised performance rights is the idea of diminishing utility. For each extra dollar beyond a certain level, utility of that dollar starts to slope down and therefore the incentive to keep pushing the SP higher past that return level also starts to slope down.
lets hope they have expensive lifestyles.