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$1.10 new century resources limited

why are they listed as "performance rights" and not "performance...

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redsceptre

5,336 Posts.

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20/07/20

19:38

Post #: 45990388
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Originally posted by Sweetsound: ↑

Quarter on quarter they managed to increase production and thereby gradually reducing C1 costs. Whilst they're at the mercy of zinc price and have become a top 10 producer, to date, not one ounce of that production resulted in profit.

So whatever performance parameters they are using for issuing performance shares, or whatever type of bonuses, there certainly appears absolutely no correlation to share price performance nor profit generation requirement. That to me, industry wide should be addressed and modified (good luck with that).

Having said that, it's also interesting that the market seems to be ignoring any milestones that have been achieved at company level. But then, with current liabilities and lack of profit - it's understandable. Share price yet to return to a previous CR level of 33c and a far cry from it's peak level.

Issuing of performance shares to a very underperforming share price. Gosh, hate to think what'll happen if ever we reach previous highs!! AIMHO.

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why are they listed as "performance rights" and not "performance shares"? does that mean they aren't actually shares, just rights to shares but subject to future performance hurdles?

NCZ Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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