I think MC bonus is SP related and at current low SP he is the only winner if it stays south until end of June.
All could changed if we get promised announcement before end of June to start some buying activity, but if any drilling , JV and/or new off take agreement be announced in July and move SP north, it will have no effect on proposed MD Award providing my understanding of below explanation is correct
The number of MD Awards will be determined by dividing the face value of the LTI award (i.e. A$361,350) by the VWAP of the Shares traded on both ASX and SGX over the 5 trading days period to 30 June 2019 (converted to A$ at the mid-point exchange rate for each day).
For illustrative purposes, based on the ASX/SGX combined VWAP of the Shares as at 24 May 2019 of A$0.2067, the number of MD Awards would be 1,748,185 (i.e. A$361,350 divided by A$0.2067).
In my humble opinion.
A40 Price at posting:
16.5¢ Sentiment: None Disclosure: Held
