Nah not correct.
Melissa (CFO) has until 14/9/24 to convert the options to shares at $2.16 per exercise price. A condition of this is the company needs to execute binding documentation for commercial financing of the development of the Vittangi Anode Project of a production scale of at least that disclosed in the detailed feasibility study by 30/11/23.
She would be be better off buying shares on the open market today if she believed the company would be worth more than $2.16 by 14/9/24.
It ties her performance to a strong share price in the future. Good for holders.
Nah not correct.Melissa (CFO) has until 14/9/24 to convert the...
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Last
66.0¢ |
Change
0.090(15.8%) |
Mkt cap ! $250.6M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 66.5¢ | 58.5¢ | $1.315M | 2.104M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4903 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| TLG (ASX) Chart |