Australia's largest stock trading and investment forum Australia's #1 stock forum

ERX

Click for more information

0.00%

12.0¢ exore resources ltd

thats a really good point, i wasnt aware of that at all

First 19 Last

Share
Profile

Follow
catscatscats

3,183 Posts.

379

10/01/18

23:10

Post #: 30210398
Share

Originally posted by iskandarca ↑

Sure, what you say above absolutely makes sense. But also consider following:
Upon appointment at end of Dec 2015, ex CEO and TD both were granted 10 mill share options each vesting upon definition of certain amounts of resources at Lynas Find. Additional options were granted later for Sepeda. Beginning of 2016, total shares in issue after capital raise for Lynas was 87 million. By Oct 2016, CEO and TD each had 6 million options already vested and Lynas was sold by end of 2016.
The current terms place incentive to make new discovery only in reference to 10cent performance hurdle if any. Doesnt BoD want the new CEO to have incentives to make new discovery in Sweden or other Port tenements?
Now we have over 370 million shares and porbably Luso will get millions more. Is getting 2.5 or 5 million shares for Sepeda resolution really an incentive given that legal process can take years to conclude.
Just some food for positive thoughts..

Expand

thats a really good point, i wasnt aware of that at all

NLI Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

First 19 Last

Add ERX (ASX) to my watchlist

SPONSORED BY