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19:25
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Originally posted by Qi15:
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Zee, I checked up on the structure of managements shares and options and it would seem that their options are "performance vs ASX" and/or "Reserves & resources increased" related. As part of their renumeration the total amount of these rights is about 38 million which is about 9% of all options on issue and about 0.03% of shares on issue. I do not understand or agree with your position on "dilution" as a reason to suppress the heads to forgo the revenue from options exercise that would create much needed cashflow.
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Originally posted by Qi15:
↑
Zee, I checked up on the structure of managements shares and options and it would seem that their options are "performance vs ASX" and/or "Reserves & resources increased" related. As part of their renumeration the total amount of these rights is about 38 million which is about 9% of all options on issue and about 0.03% of shares on issue. I do not understand or agree with your position on "dilution" as a reason to suppress the heads to forgo the revenue from options exercise that would create much needed cashflow.
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Correction to the above - Apologies my maths isn't up to scratch tonight - The Management's shares and options represents only 2.11% of the total amount of shares and options (if options are all exercised) on issue.
