There is no due date for the Performance Rights issue. Whenever it reaches 5 c AB and the other directors will each get 25 million shares about 1.25 million worth and 1.5% of the total SOI post performance rights. This also means, our % holding with drop.
For Senior Mgmt: What is interesting is even though they say they plan to drill 15,000 m this year, they have given themselves 24 months to drill 15,000 m
For Directors: The total they get between the three is 75 Million shares which is close to 4.5%
A quick back of the envelope calculation to show what the Directors and Senior Mgmt will get if we hit 5 c
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- Ann: Tennant Creek Providence Assay Results
Ann: Tennant Creek Providence Assay Results, page-148
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