The remuneration hurdle is an interesting one
"Hurdle is an Audited Statutory Net Profit after Taxation of at least $18m for the financial year ended 30 Jun-26".
Not sure if this is mainly optics or a realistic and achievable target if all is managed well. I note that it is net profit after tax but probably no tax in FY26 anyway given the losses to date.
The current MC is $42m. For FY26, a 3 year wait for $18m profit and a 2.5 X PE.
At least the board is making the right noises.
The remuneration hurdle is an interesting one "Hurdle is an...
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