Btw, the director performance rights, if struck would amount to 1.6 million shares, of which RHs portion would be 400,0000. If hurdles are met would amount to about $3m total, or RH about $1m.
What I am really wondering looking at it now, and on the basis the company will be undergoing a demerger, is by how much this will reduce the strike price of options. Perhaps the demerger doesn't only serve to just to generate shareholder value, but also reduce option strike price on the real asset, the uranium project.
Kind of makes sense now why director shareholding is low as they struck approval for a bucketload of performance rights
TOE Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
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