Performance incentives should be a stretch, not the crap they are proposing.
Why isnt their incentive linked to market cap, profitability, quantity and quality of commercial discoveries & wells.
They have given themselves
- 2 years to find 1 well - Tranche 1 kicks in! - 2 years to have a certified resource - Tranche 2 kicks in! - 3 years to make a financial decision - Tranche 3 kicks in! - 3 years to sell some helium - Tranche 4 kicks in!
I look forward to more detail but at the moment it sounds like the Management are screwing the shareholders well and truly.
What about something along the lines of tranche 1 - $200m market cap, tranche 2 $1bn certified resource, tranche 3 $400m market cap. Something they will have to actually work for and earn whilst us shareholders (their bosses) are also rewarded with share price gains.
BNL Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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