Ann: Paul Brown (CEO) LR 3.16.4 Information, page-2

i can see why PB took this position, money for jam. $730k cash/package, up to $500 STI which are usually related to non-financial workflows and hurdles like 'achieving 25% female employees' or 'delivering an updated study'... generally >50% STI's get hit even when share price stagnates (So $1M package on ~50% STI's vested).

LTI maybe more difficult hurdles, based on actually getting Yangi funded and into production. Share price for LTI's based on 30 day VWAP, or around $1 being not much more than cash backing. If, if government comes out and funds Yangi ILU style to develop based on picking-winners critical minerals schtick then LTIs all come into play... another $500k free upside. If government grants Yangi a green light, or Twiggy converts his $150M loan into a defacto HAS TO, the price rises and the 'Additional Incentive' comes into play in addition to LTIs. Maybe another $300k if share price gets back to the $3s...

If HAS hangs around for a couple of years, too marginal to get funded despite government lobbying as the west slowly builds out downstream capacity, supplied by lower cost RE projects, then PB basically picks up $1M to sit in the office and oversee more paper studies, lobby government/offtakers at lunches and generally do nothing in a holding pattern. Low stress, very low expectations, heads he wins, tails he cruises, one brick a year... every job gets filled at the right price

GLTAH