The article doesn't mention how the performance fee gets...

The article doesn't mention how the performance fee gets calculated.

MCap x 17.5% x (% difference between Beston return minus ASX return)

Assuming market cap of $150m and Beston return is 10% compared to ASX 5%, that resulted in $1.3m which is bugger all. If I'm getting 10% return, that fee is nothing.

I had a look at the historial performance for the farm and lobster assets and the growth is amazing.

Also keep in mind the great track record of the previous BPAM ventures (vineyards, etc) which ended up being sold to Challengers & Macquarie.

Thoughts?