Well it looks like the management team has decided to take a punt on their efforts. Performance rights set at 5c and expire in 2 years and only after getting the Mt Carbine quarry and head lease.
That means the SP has to rise 138% from the current point.
Stephen is putting in another $100k @ 2.5c. A premium of 19% above current.
This is about aligning our fortunes. We win or lose together.
Based on the salary payments, they aren't doing for the income.
Ann: Notice of General Meeting/Proxy Form, page-2
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