RMI 4.35% 2.2¢ resource mining corporation limited

well only not long left for Mr Davies, when 40,000,000 Incentive...

  1. 1,257 Posts.
    well only not long left for Mr Davies, when 40,000,000 Incentive options (exercise price of $0.011 and expiry date of 31/12/2011) are due to expire.

    Now, if he can't get the share price above 1.1 cents before 31 December goodbye to this 40,000,000 incentive options unless off-course he wants to pay more when the market value of the sp is less.

    I think this will impact him a lot in particular about meeting milestones and actually doing something with the company given the huge incentive in place and the remuneration he receives

    So failure might not be a good thing at all, as what can he do and ask for next time round? to get more incentive options and maybe a fatter pay packet?

    Given the time he has been their with RMI, has the share price gone up? what has happened?

    I was looking at the previous announcements and was not sure when Warwick started with RMI but i can see he was around from 2007 and now we are 2011, from around july 2007 the share price has just been going backwards to where we are today.

    How would he be able to justify more incentives and more money given the lack of performance in sp?

    I would be interested to hear what others have to say

    dyor
 
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