Now having read the full terms of these "Free Shares" I have changed my view on these. If they hit these hurdles the value should reflect well in the share price.
Vesting of Performance Rights
Vesting of Performance Rights will be subject to the Director’s continued employment with
by the Company and the satisfaction of specified conditions. The Performance Rights held
vest as set out below:
% to vest Condition
20% Pre-Feasibility Study
20% of the Performance Rights vest when the Company lodges as
announcement to ASX advising that the Company has completed a prefeasibility study.
20% Mining License Application
20% of the Performance Rights vest when the Company lodges as
announcement to ASX advising that the Company has lodged a Mining
Licence Application with the relevant government department.
% Resource Growth (25kt CuEq)1
20% of the Performance Rights vest when the Company lodges as
announcement to ASX advising a Resource where the Resource is 25kt
copper equivalent greater than the Company’s current Resource
11.86Mt.
20% Resource Growth (25kt CuEq)
Add to My Watchlist
What is My Watchlist?
