Richard Homsany Interest in options /performance rights 45,000,000 options exercisable at $0.01885 on or before 20 November 2025 That's a strike price of 94c post consolidation (or effective mcap of $120m)- very doable
50,000,000 options exercisable at $0.03335 on or before 21 January 2027 Thats a strike price of $1.60 post consolidation (or effective mcap of about $150m)- harder but doable
20,000,000 Performance Rights on terms and conditions set out in the Company’s notice of annual general meeting dated 28 October 2022 This one is really interesting- this is the key- would you not be motivated by this?
****During the year 80,000,000 performance rights were issued to the directors of the Company following shareholder approval obtained at the Company’s Annual General Meeting held on 28 November 2022.***
The Performance Rights milestones will be based on adjusted share price milestone (ASPM) of one fully paid share in the capital of the Company. The price milestone target ascribed to each of the three performance hurdles will be the VWAP over 20 consecutive Trading Days on which Shares have actually traded adjusted for:
• Share price appreciation; • Declared dividend; • Capital returns; • Demergers; • Cash or scrip or in specie distributions; • Bonus issues; • Share splits; and • Share consolidations. The VWAP over 20 consecutive Trading Days on which Shares have actually traded AP price milestone target ascribed to each of the three performance hurdles below: Hurdle number Share Price at value date APSM % Value Increase Performance Period H1 $0.016 $0.03 76% 5 years ($1.50 post-consolidation) H2 $0.016 $0.035 106% 5 years ($1.65 post-consolidation) H3 $0.016 $0.050 194% 5 years ($2.50 post-consolidation)
If you look at the value of VMYs similar deposit in WA, is well within realms of possibility
TOE Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
(20min delay)